spiney
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Posts posted by spiney
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I'll go for -0.7%
Why?
I feel it in my water.
Spiney.
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Personal Balance Sheet Summary
Total assets (things you own)........... 3,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -156,155
Net Assets.............................. -153,155
'king hell,
How did it come to this?
People really are this stupid!
My brother in law brought a £240 wrist watch on credit evan though he has at least 10 watches that just need new batteries.
He borrows money and is constantly bailed out by his mother, he'll suck her dry and then come for his wifes parents money.
I wonder how this will all end?
Spiney.
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There are only two ways to protect your savings should you ever want to claim benefits: buy a house or have "off the radar" cash.
I have an alternative. Give any cash to a relative (that you trust) tell the authorities that you owed them the money because you lost a bet. Last Saturdays boxing match would be ideal for this purpose.
Ok betting 100K on a boxing match may look a bit iffy, but let them prove otherwise.
When you want the money back just have another retrospective bet this time you win 100K.
Spiney.
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You don't understand, they can't buy a 5-bedroomed detached house with the loose change in their pocket and are therefore discriminated against by greedy baby boomers.
Kidz, you need to move away from London and the SE. You'd earn less, but afford more. As one poster said here a few months ago, the London/SE mob are basically complaining they can't afford to buy a house with garden in one of the most expensive and sough after cities on the globe. Move to Rotherham and it's a different story.
Good post.
I live in the midlands and have a reasonably well paid job. You can buy decent house in my area for 150K, about half the price of London/SE.
I have often wonderd why people just don't move away from London/SE?
We have the same stuff here schools,hospitals,parks,pubs ect as they have there, the quality of life must be about equal so why do people prefer to stay in the SE?
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If you download the XPI file from Property Bee (and change the filename to .zip) you can see the code. (albeit only client side) it appears to be fairly well written / structured, has a fair bit of in-line documentation and shouldn't be hard to get to grips with.
Thats easy for you to say!
Best of luck with this. We must keep PB running.
Spiney.
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Guys,
Beerhunter has made an anouncement on the PB forum.
Would post a link but don't know how?
Spiney.
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Fight the VI's. All bears must get out there and make derisory offers, don't be shy, don't be embarrassed, be bold, be resolute. Test the ability of your vendor's estate agent to smile and whistle under all difficulties, as they dutifully pass on your derisory offer and send you the written reply.
Yes a fun sport.
Will enjoy this over the coming months.
Spiney.
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House prices in Japan are still a long way below their 1989 peak after 2 decades of 0% interest rates and several rounds of QE. We might not see houses at their 2007 sterling price again in our lifetimes.
+1
Slow grinding falls from here 40% off by 2020 in real terms, after that anybodys guess.
Spiney.
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I reckon +1.5%, if it's negative again I'll blast my gentleman's relish all over the morning paper
Sounds charming.
Spiney.
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Unfortunately, one of the few ways that many engineers and scientists can earn good money in this country is to switch into finance where their quantitative skills are valued (in a compensation sense) much more highly than they are in science or engineering.
Agree totally with this, as I'm an engineer who works for a large insurance company as an Engingeer surveyor. Good money for engineers in finance!
Spiney.
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Since a cash buyer would be in a position to complete much quicker, is this a reasonable percentage off for a cash purchase? If not, what would be reasonable in everyone's opinion?
25% off would be reasonable.
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Hold on tight bears.....
.... here we go.
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Enslaved by their own aspirations.
Oh I do like that, may have to quote in the future.
Spiney.
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So Mrs Sheddweller is at baby group with all the little Sheddwellers today. A friend of Mrs Sheddweller asked if I could come and look at the boiler in their house. The reason they asked is that I had sorted out an airlock problem for them in the past (common on oil burners usually a dodgy joint it just drips very occasionally but lets in air so the boiler won't prime) .. Apparently (Insert name of highly respected local heating engineer who is also a friend of mine) has said the boiler is beyond economic repair (Just in case you are wondering said engineer only does repairs so there is no advantage to condemn the boiler) .. Mrs SD say's tells her that if said engineer has condemned it then there is no way that I'm going to be able to fix it ..
Said friend bursts into tears ..
The story comes out ..
They rode the property bubble and ended up with an £800,000 odd house in a nice part of South Oxfordshire and the corresponding mortgage .. they have mewed to buy a BTL as an "Investment" rent on the BTL only covers about 60% of the mortgage said BTL is in London ..
They are being shafted from both ends .. the maintenance on the BTL is way way higher than they expected (I would argue that he probably knows very little about technical things .. She knows how to put twigs in a vase nothing more .. and they get shafted by every tradesman who looks at them .. They are very condecending and that does not help ..) ..
The central heating in their home packed up a fortnight ago and it was a big deal .. they have two small children and NEED central heating .. (even though they have an immersion heater and two open fires .. ).
They could not afford the new boiler and the bank would not lend them any money either .. so they had to borrow £4000 from her mother to fix the boiler ..
Then the central heating in the BTL failed spectacularly and pissed boiling water all over the floor which also destroyed the carpet .. Tenant is now in a hotel waiting for the repairs to be carried out ..
Mrs Sheddweller was treated to a treatise on how terribly unfair it all was .. That they have to pay for their TENANTS to live in a hotel while they have no central heating .. and it's not even as if the tenant is paying the real cost of the property !
I have to confess it made the nastier side of personalities day ..
Good news, I will sleep well tonight. "BTL muppets doing the muppet dance!"
Pay back's a bitch aint it!
Spiney.
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Know any who would print it?
Know any who COULD print it?
Spiney.
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I don't understand it when people say they are stealing money from savers. They can only steal it if you let them.
As soon as rates when to near zero i pulled all money out and put it to work elsewhere. If you have had your money 'stolen' then the only person to blame is yourself.
Put money where?
Spiney.
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Do people really think prices will be significantly lower next year ?.
Yes don't you?
Spiney.
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Never heard of tha before.
I'll like the word carnage!
Me to CARNAGE is good!
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Has anyone had any recent experience of having done this?
Friend of mine has money tied up in investments that will be available late next year, but believes that it's a buyers market right now and we could be missing the boat if we hang about.
Not yet.
Maybe after Chrimbo?
Spiney.
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Hi guys,
Driving home this afternoon listening to BBC radio WM. They have a quiz called the "workforce challange" were two companys compete in a quiz over five days.
Today some bloke from Portugal who sings at weddings and an estate agent.
The DJ interviews both candidates prior to the start of the quiz.
Danny Kelly the DJ asked the estate agent how much below peak vendors should price their properties.
Estate agent replied "25%".
I bet that pi55ed a few people off.
Suprised me realy an honest EA from 'find a property.com'
Spiney.
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Hi
I passed this place at the weekend on my way back from the in-laws and thought I'd look it up on rightmove. I just love it, not just the outrageous price but also the hideous photo and the floor plan which shows a "Family Room". Given there is no space for raising a family its incredible anyone has the cojones to call it this.
http://www.rightmove.co.uk/property-for-sale/property-31539932.html
Bearing in mind my first place (1 bedder in Guildford) cost £45k (17 years ago), nothing further illustrates the divorce between the housing market and reality than this place.
'kin hell!
Thats taking the pi55!!
Spiney.
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I think there's going to be increasing numbers of very disappointed sellers out there.
I think so to.
Spiney.
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just a thought for the day for all you HPC dreamers. unless there's a catalyst, as someone on here said, to force people into accepting a lower price compared to there mate bob next door who sold in 2007 for X, who will sell for less? i know from my own standpoint that i need to get a certain amount of capital from my current home in order to be able to afford the trade up we want, ergo, i aint gonna be the one to take the hit and then pay top dollar on the next property.
Are you sure you are Bear?
Changing From Bull Or Bear
in About housepricecrash.co.uk
Posted
Not me a bear all the way.
I see 15% to 20% nominal falls over the next two years.
with an additional 10% to 15% as a result of inflation over the same time period.
Spiney.