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House Price Crash Forum


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Everything posted by Dicky

  1. Selfcerts came into the public domain when a BBC reported uncovered the corrupt business in late 2003, the intent of the program was to highlight the shady business of EA's their mortgage advisers and lenders, instead it encournaged more and more to take out such loans as a quick way onto the houseing ladder, this explains the 20% rise between 2003 and mid 2004, unfortuntely the BOE had other ideas when they found out about such practices by raising IR, who wouldn't have thought the rise in IR from 3.5% to 4.75% would have killed this robust economy Gordon kept harping on about, Self certs and IO loans are more common place than first thought, it now counts for 50% of all mortgages. As much as I'd hate to say it, if IR don't fall soon we're going to have the mother of all recessions, just look at the u-turn on council tax reform, the rebanding of houses in the South East would have meant the average household forking out about £240 extra a year, that would normally be considered chump change but so volitile now is the economy even £20 a month extra is considered risky. The party is well and truely over we can now longer borrow our way out of recession... expect more and more hor$e sh1t articles like these, it usually marks the beginiing of the end.
  2. My company is a geeks paradise and most earn x2 to x3 national average wage, geeks rule.
  3. If it doesn't sell you simply sit in it and keep paying the mortgage why does one need a bridging loan. Are they suggesting they can't afford the current mortgage and so need an loan to pick up the short fall until it sells, wouldn'd it be wiser to lower the price to get a quick sale before it falls further and they need an even bigger bridging loan.
  4. If we genetic engineer humans to be square, we can also package them into smaller spaces.
  5. The massive fall in the FTSE in March 2003 to 3200 was due to begining of the war, what we're now seeing is just the recovery back to 7000 where it was in 1999. You really are a silly boy.
  6. Maybe it had risen by 50% and they didn't want to be accused of ramping property prices, are all piggys watered and ready to fly.
  7. You couldn't really make this stuff up, yep the top dog at B&Q did actually say this last year, he surely dose ney understand retail or the economy. Its a bit like saying a rise in unemployment is good for pubs because folks with have more drinking time.
  8. http://www.guardian.co.uk/business/story/0...1571219,00.html Not sh**.!! The snow buying business is booming says Eskimo, Sand is now flying off the shelf says Arab. Get the picture.
  9. Its was an email declaring Webmaster was infact a lady boy who entertained tourists in Bankok with a certain ping pong ball show. Now wouldn't that upset you if it got out.
  10. I live in this shoe right, I've got so many children I haven't got a clue what to do.
  11. Silly Silly boy, as more people populate the earth there becomes less and less food until the point of critical mass occurs, folks start starving and dying, the population falls and it all start again, its just a cycle within an enclosed system where two main components rely on each other.
  12. Whats that then, Webmaster is actually Frank Spencer, Oooh Betty, Oooh Betty.
  13. 5.4% is great, after 40% tax = 3.24%, after inflation of 3% = 0.24%, still after 25 years you'll have a nice real increase of 6%. Index trackers return on average 7% a year after inflation.
  14. Yep I saw that too, I guess he didn't want anyone knowing the truth, is this going to be removed too.
  15. Its quite normal for EA's to reduce their database if you no longer are looking for a houses, it means less junk mail and wasted stamps. Do object to them doing this, maybe you like junk mail. Whats the point of this thread.
  16. Good point, I drive 40 miles per day and I have to say if petrol was 1/2 as much I would drive via stansted just to take up the slack. Errr my head hurts.
  17. You'll look pretty silly dolloping a pot of ink on your sausage and chips.
  18. What happened in 91 to 96, did everyone suddenly have to move houses and so all had to sell at the same time.
  19. I also tried that one, used the name NobbysW4ankshaft, they saw right threw it, thoses moderators are something else.
  20. Thats pretty evil, you take care when crossing the road next time.
  21. You meant to say Toss Pot, he works for the media, his friends are advertisers, banks etc etc, when they start lossing money, ie sales dry up the only way to start the machine again is media hype, wheel out the Gimp, autocue ready and go fire. "HOUSE PRICES HAVE FALLEN 50% LAST WEEK, EVERYONE PANIC". great Trev, now read this. "OIL IS NOW £1.05 A GALLON, ISN'T GORDON BROWN UNCOOL". top stuff Trev, now try this one. "I'M A CO*K".
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