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House Price Crash Forum


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About waldiman

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  1. If at all you do buy shares, always set yourself a decent stop loss level. Never ever sit on a losing share and think it's going to 'be alright'. Invariably it isn;t. Learn from your own mistakes. It might be a good time to get in at the moment to make a quick buck. Look at a solid FTSE share (like a Bank or Water Company) with a decent yield and buy. I feel next year will be a good year for the market. We have seen good rises this year. Next year the ISA fund managers will telle every1 how great a year it has been previously and how it will continue. New money will IMHO pour into the stock market next year. Of course, when I started investing it was at the end of the tech boom/bust, muggins bought a few shares at the top of the market (Vodafone, Pace and Xenova). Though I managed to get a few winners when the market started rising from it's last depression. I'm still suffering from the early years. I won't be doing that again. I'm now comfortable with my investments, as I have tucked some away for the long-term (with decent dividend to boot - Lloyds, Northumbrian Water, BT, National Express). Also it may be worth having a look on the www.advfn.com bulletin board as they have some informative posts on all the companies listed on the stock market. Have a look at Healthcare Enterprise Group (HCEG). The greatest BB there is.
  2. Well I'm a 27 year old, potential FTB who is waiting in the wings for a downturn in price. If prices were to fall around 25% (get a fairly nice house in Brum), then I'd be back in like a shot, with my deposit of £30k + all the savings I will be doing in the mean time.
  3. Why are you saying this scenario is too perfect. I believe that having hard cash is the greatest commodity of all. The bigger deposit that is put down the smaller your mortgage can be. This in turn means you will be at less of a burden when it comes to paying this off. Howcome you slated me saying this was my first post. Come on we've all got to start somewhere. I've only recently come across this site and have been enjoying reading the forums. It could all be a gamble I know, but I feel sure that prices at the moment for houses are too high and and thus I am just playing the waiting game. So that houses drop to a more sustainable level, when those with hard cash will have the greatest opportunity available. If we turned back the clock four or five years, I would of been 2/3rds or so of paying for a 3 bedroomed house in a fairly nice suburb of Birmingham. I would of paid for my house by now that's for sure. Let;s hope these times return.
  4. At the present moment in time I am going against what seems the majority and waiting to purchase a new house. I am not renting because I hate the idea of throwing money away and not ending up with anything when the tenure ends (bar maybe a few cooking skills). So at the moment I am 27 and living at home with my parents and trying my damdest to save lots of my monthly wage. Although I am not going on holiday and don't own a car, and don't spend much money on clothes I do have other interests that mean I don't do just sit around doing nothing, e.g. season ticket for football, Broadband, Sky Digital and going out drinking from time to time. I think I have about £45,000 saved thus far. Through some strategic stock market moves (never a certainty) hopefully I'll have accumulated £80,000 within 4 to 5 years. By this time I can foresee the housing market to be down to levels of about 4 years ago. Then hopefully I will have substantial cash to put a big deposit down on a house in a decent suburb of Birmingham and not be overburdened by a huge mortgage. I'll then have sufficient spare cash to be able to fund a leisure laden lifestyle whilst saving more money for the impending retirement (whenever that may be). So am I being sensible here by waiting, or should I be joining the majority and become laden in mortgage debt?
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