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Everything posted by Maynard

  1. I was asking for advice in good faith. Not too sure why some people on here feel the need to throw a load of s**t at someone just for asking an honest question. I would agree with your comments, it does seem like a lot of aggravation. I was just looking for some feedback, that's all. Politeness doesn't cost a penny.
  2. I've been doing a bit of research on Bulgaria, exploring the possibility of buying an apartment on the Black sea coast, Sunny Beach. I'm looking to go out there sometime on a reccie. From what I have read, Bulgaria is a pretty sound investment, is this really the case? Is it the new costa del sol? Has anyone bought out there yet?
  3. I'm considering moving out to Dubai in the next 12-18 months. The plan is to work out there for a few years, enjoy the tax-free lifestyle and when I come home eventually (if I do) I'll have a nice bit of bunse saved. Question is.... do I bite the bullet and buy something over here before I go and let it out? I have been a great believer in the forthcoming HPC for a couple of years now and I think that it is inevitable that it will come.... eventually. If I was to buy something, there is no way I would be willing to pay the sort of asking prices people are looking for. I would be looking to offer 30-40% less. Question is, who is gonna accept that kind of offer??? It has never really been my intention of going into the BTL market, but if I bought something now and could get a guarenteed rental income which would pay the mortgage and then when I return to the UK had a sizable deposit to put down on another house to live in, that would be my pension taken care of. Has anyone else done something similar, buying before moving abroad? Before anyone shoots me down... I know it's not that easy, I'm just talking hypthetically at the moment.
  4. What are your views on the state of the industry at the moment, BP? I'm also a young guy in the industry (Q.S for a main contractor) and there is so much work out there at the moment for us. Do you think we'll see a downturn in the industry this side of 2012? I went to see a mortgage advisor yesterday and was told i could easily get 115k easily. I told him I was waiting for prices to fall and he was adament prices won't go down. Personally, I think I will wait another year or so and see what happens, ideally I'd like to do a self-build.
  5. Well to be more concise, my title is "assistant project surveyor". I do everything that a main contractor's surveyor ten years my senior would do, i'm just not as experienced. I am finishing off my HNC (on day release), so I am getting exactly the same education as someone who has gone to uni full time. And if I so desire, I can go to uni next year on day release. Well yes, when required I go out on site and do some measuring. Then I arrange the meeting with the subbie and their final account is settled between him and me. I have only been doing it for 2 years and am surprised myself of the progress I have made. But that's the nature of the industry at the moment Everyone tells me i'm a QS, i've been offered other jobs (higher paid) as a QS. Maybe I should call the RICS tomorrow and find out if i'm really a QS.
  6. This is very true, but there will always be a demand in construction for good professionals and tradesmen all over the world. I'm 21, i work for a large construction firm as a Quantity surveyor, haven't been to university and i earn 23k plus car and bonus (and final salary pension). Times are good for us surveyors at the moment, i know it won't last forever, but when it ends i'll just go to work in another country. The problem is that there are too many people going to uni to do "mickey mouse" subjects. That's why we have such a shortage of tradesmen and that's why sparkys are earning 50k. I know for sure that 20 years ago, half of my mates who are now at uni, would have left school and become sparks and chippies. Not gone away to "study" some mind-numbing degree like media studies.
  7. Oh no! I really want us to lift the world cup, but I also really wanna buy a house for a knock-down price. What shall i wish for? Well i'm going to the World cup so here is one FTB that is delaying buying for another year!
  8. Mr. English teacher, to which post are you referring? It is nice that you are taking an interest in peoples' grammar. You must be bored!
  9. Have you been to view any houses as yet? Although there is no way I would pay these ludicrous prices, I am thinking about going to view a few this weekend, get a taster and see how desperate people are to sell. I think houses are overvalued by at least 30%, I think a vendor will swing for me if I said that to their faces! Any advise?
  10. It does appear that most people, home-owners or not, are carrying an increasing amount of un-secured debt. Personally, I owe very little on my credit card and in the past year have managed to save a good chunk of my disposable income. I'm am just about to take a nice pay rise, so effectively, i could go out tomorrow and buy a 1 bed flat with a 95% mortgage, but no way! That would mean i'd have to borrow about 5 times my income! I'll hold out for another year or two, have a very nice deposit and wait until someone is begging me to buy their home! I'm only 21, so i'm not in a great hurry.
  11. Well said rent girl. Landlady, why do you begrudge the oppourtunity for young people to buy a home at an affordable price? I don't really give a damn about your opinion anyway, you just enjoy the power you have over your tenants. I'm sure you get a real kick out of it.
  12. There hasn't been a great deal around the last couple of years, but I seem to be noticing more on the market at the moment. I don't know if it's because people who were going to develop are getting cold feet and are opting to sell the land instead of building a house then selling it. There are a couple of new builds around my area which have been built and put straight on the market at ludicrous prices. One such has been lying empty for months. 3 bed chalet det bungalow priced at 275k (east kent). The builder hasn't even made it look tidy, all overgrown weeds on the driveway! I'm also looking to do the same in a year or two. My dad has done a couple of self-builds (brickie by trade). I've grown up living in temp accommodation (a caravan on site!). It's definately the way to get your dream home. You can design the house to meet your needs. Have what you want where you want (finances pending). My Dad was 26 when he done his first self build, he has challenged me to beat him on age (i'm 21 at the mo). I'm in the industry (Q.S by day), so finding subbies isn't a problem. Best of luck Adam, i would definately say go for it!
  13. Having lived and worked in Australia for a short time a couple of years ago (for an big electrical goods retailer), I can see big problems ahead. Those Ozzies are big consumers. The amount of goods they were buying on credit... Bar-b-q's (i'm talking $3k barbies!), plasma tellys and cinema projectors etc. American fridge freezers.... Holden Ute's, 4x4's. Madness!
  14. Hi Pye, welcome to the forum. Not too sure what i'd do in your position, but it sounds like you've thought it out and if you can afford it, then go for it. How much was the flat originally? Could you get it any cheaper? Be as cheeky as you possibly can be. You may be able to knock off another 10k. I am not going to try and persuade you to change your mind, if I had the money and could get the mortgage and liked the property I expect I'd go for it. But only if I thought I was getting value for money.
  15. You wanna stop taking yourself so seriously TTRTR!
  16. Second that man! I have moved to Oz and back again. Been back almost 2 years now. Once the rose tint on the specs has faded and you try to find a job, you realise it's not all it's cracked up to be. Everyone I know who has moved there may go there and be mortgage free, but you can't live off the equity from your UK home forever. I was in WA where HPs are much cheaper. The BTL brigade were in full swing there and snapping up anything and everything. I remember hearing a stat that 12% of the population had a BTL in Oz compared to 2% in the UK.
  17. Could someone give me a link to where i would find average house prices for the UK (south east in particular) year-by-year for say the last 30 years? Thanks very much.
  18. Sorry guys if someone has already asked this, but with all this talk about interest rates in the states going up, what does everyone think will happen here? Do you think the MPC will raise IRs this side of christmas? Surely that would be no good for the high street? Your comments please...
  19. How can people say that house prices will rise when interest rates are cut. All the people that had MEWed and fuelled the consumer-led economy over the last few years are in debt way over their heads. Surely they cant borrow anymore and therefore cant spend anymore? In my opinion, this can only led to job losses on the high street, which will lead to job losses in the factories and so on... The housing market is not moving (well it's definately not in east kent), this may be due to the fact that EAs are still advising vendors to ask for unreasonable prices. But there will come a time when people start losing their jobs and are forced to sell their homes regardless of interest rate cuts or not. Maybe i'm wrong. But I can't see much else happening. The economy has boomed and where there is a boom, surely there must be a bust?
  20. Unfortuantely, we're not all budding property moguls like yourself. Some of us just want the oppourtunity to buy a house. Hence, why we want the market to correct. I don't disagree that for some people there is still money to be made, but at this moment in time, that's not my concern. Well done you. Pull the ladder up Jack, I'm alright.
  21. I am too young to remember the last crash, but from what I have heard and read, the market was always being talked up then, as it is now. ie "House prices will rise by 7% next year", "the market will not crash" etc etc. I'm trying to ignore all the bull**** talking up the market, but it's very hard. It's makes me angry that people can believe that high prices are here to stay and that "youngsters will never be able to get on the ladder". I can't wait for the forthcoming correction, just to see the look on some people's faces when they realise that I was right.
  22. It all makes worrying reading for myself as a wannabe FTB. There is no way I could afford to get on the ladder now at current prices. Something has gotta give over the next couple of years, I think prices will drop 30-40% (well I hope so). If all goes pop, I'm hoping to buy in late 2007, and will have a nice deposit. I know a couple who bought a two-up two-down house in late 2003 for 80k. They have just put it on the market for 125k. And they are looking at a house that is on for 235k! Bear in mind, their combine gross income is about 35k and they have 40k equity (if thy get 125k for their house). This is just pure madness. Unfortuantely, when I try to explain this to my missus, she says not to be so horrible. Am i right in thinking a £200k mortgage costs about £10k per year to service alone?
  23. I'm fed up with hearing thiese people balming the banks and card companies for "making it too easy" to get credit. These idiots haven't been forced to get credit cards, it's their own faults and I have no sympathy for them.
  24. It does seem that bungalows do command a "premium". My dad is about to build a new bungalow (in south east), the area is very popular with OAPs moving to live by the sea and they all seem to want bungalows. The plot could have got permission for a house or chalet bungalow, but it is likely to prove much easier to sell a bungalow, due to the fact the it attracts the "grey pound". Also, build costs tend to be cheaper, so the margin is more attractive to builders'.
  25. Evening everyone, Not too sure if this has been asked before (apologies if it has), but are there any EAs posting or lurking around? I'd really like to hear what an EA really thinks the market is doing. I know a couple of lads my age (early twenties) who are EAs, and they really got on my ***s when I ask them what they think the market is doing (haven't seen them out for a while, they must be struggling trying to pay off the finance on their brand new Audi A4's!) I've now been coming onto HPC for about 18 months. When I first started reading, it was extremely bullish, but as the days and weeks have passed, it really has become a bear's paradise. What's happened to all those bulls from pre- new forum? Have their PC's been repossessed by the baliffs yet?
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