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House Price Crash Forum


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About Ifonly

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    HPC Newbie
  1. It did in the states, but there is no evidence to suggest it did here.
  2. What problem are you refering to exactly, being able to pay the mortgage back or that affordability was increased due to IO loans? For a lot of people, myself previously included, this was the only option we had at the time. Would I get an IO loan again, probably and I would use the captial element of it to invest elsewhere.
  3. I've just returned to New Zealand where we bought a place at the peak of the market for $350k, had it valued today at $295k What do we do now, nothing! It is being rented out and it is making a small margin everymonth, hardly a gold mine though. The thing is, we wanted to buy another place, but there is no point us selling given the loss we'll see. I am guessing this is common place
  4. I am not sure what the big deal is, we should be thankful that we are getting value for money. Think of the labour bill that is being saved. Clearly the British Welders are in work otherwise they would be working on these Carriers.
  5. Given that it has been on the market for 13 months I would suggest no. That really is the issue and the problem we are facing
  6. 5% below peak is hardly a large reduction though. Encouraging yes, but still way over priced
  7. Given your ignorance I would suggest that you are not a parent and know little about the subject. A child learning to play a musical instrutment has many benefits and while they might stop learning when they actually decide that they hate it, the benefits are already realised.
  8. my god that is some cheek!! Basically this guy is having kids all the while knowing he cant afford them if the state doesn't pay for them to be brought up. I dont really agree with qualification about how the cuts are done, but if you cant afford kids dont have them.
  9. you need to take a look at what you are spending your money on I am afraid If you're renting then I can presume you are spending no more than a 1000 pcm on rent and even allowing a further 500 pcm for bills and the like it still leaves you with a 1000 pcm to live on.
  10. I've not read the entire thread but was this not the purpose for many buying property, ie to fund their retirement?
  11. Long time lurker, first time poster! Current situation, looking to buy for my family
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