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rentforlife

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About rentforlife

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  1. Truly brilliant...! My faith that Im not the deluded one has been restored. thank you!!!!
  2. But am I missing the point? Unless Im being completely thick, I dont see the plethora of residential property available like there is with commercial?
  3. Am feeling your pain. Potentially as this is a "mental illness", then you might well qualify for sickness benefits?! I am tired too - no one is building, interest rate rises are a long way off, & good houses continue to sell for asking price with no discount. I am beginning to think that it is me who is deluded & have my head in the clouds, rather than sellers...
  4. Good news - what are people seeing locally in their figures? Was a major talking point at a BBQ this weekend - a few couples like us who were renting. General concensus was that if they could get a mortgage for banks either 100% or 95% they would jump at chance to own a shoebox, rather than pay the ever increasing rents.
  5. 28% of US homeowners already owe more on their mortgage than their homes are worth. A recent survey by Fannie Mae found that 27% of American homeowners are considering walking away from their mortgage. A perfect storm is brewing So do we have anything interesting facts about uk? Im bored of hearing how much the US property market is bombing, yet we see no sign of it here (except NI of course, where overbuilding has been rife)
  6. Rubbish - as if EA would ever do something so sneaky... Youre just too slow Exiges - dont you know the saying "snooze and you lose?" Properties are simply flying off the shelves - they dont even need sales boards
  7. He should be pushing a double council tax for non residents on the basis that it encourages support for local homes for local people - not on the basis that it raises more funding locally! After all, all these grockels are buying homes that could be available for local people thereby creating further demand on local housing authority costs I like the concept - its absolutely appropriate - I only hope it gets through
  8. Well yes I accept the market is the best judge. But my issue is how this sort of action affects house prices locally - when he puts a property on at unrealistic hiked prices and then takes off again & then puts on again this affects the figures on rightmove, zoopla etc (unless Im mistaken?) & artifically inflates prices. Granted, this is just 1 property, but its the first one Ive looked at in some detail...my thought is that all it takes is a few idiots like this to artificially raise the price for an area.
  9. rentforlife

    Deluded?

    I put this in the West Sussex board, but thought it should really go in here! Im going to have to go and look at this property - I cannot wait to quiz the agent and owner on the strategy here....whats your thoughts? 6th March 2009 (height of pricing bubble?) - property was purchased for £220k http://www.zoopla.co...nt%2C%20Horsham October 2010 - After some work to improve from 2 beds to 3, property put on the market for £395k. Then taken off market at some point: http://www.zoopla.co...453bd7b64fc805a Wanted others thoughts on this one!!!
  10. Im going to have to go and look at this property - I cannot wait to quiz the agent and owner on the strategy here....whats your thoughts? 6th March 2009 (height of pricing bubble?) - property was purchased for £220k http://www.zoopla.co.uk/house-prices/horsham/the-crescent/?q=The%20Crescent%2C%20Horsham October 2010 - After some work to improve from 2 beds to 3, property put on the market for £395k. Then taken off market at some point: http://www.zoopla.co.uk/property-history/26-the-crescent/horsham/rh12-1nb/12717001 4th March 2011 property on sale for £375k 11th May 2011 reduced to £355k 15th June 2011 reduced to £349,950 http://www.zoopla.co.uk/for-sale/details/14174921?search_identifier=6052d5184237421bb453bd7b64fc805a Wanted others thoughts on this one!!!
  11. Sadly, your statement is correct at least in the South anyway. As a sussex lad, I had to agree to a 10% increase this year. Landlord would not budge. There is little available in my area & anything that does come up gets let out very very quickly. Rents will continue to go up irrespective of what happens with interest rates, because there is a lack of affordable housing in the south. Until we see significant development in new properties in the south, this will continue to get worse and worse.
  12. I must READ all postings in a thread before responding, I must READ all postings in a thread before responding, I must READ all postings in a thread before responding, They deserve no sympathy
  13. http://maps.google.com/maps?q=GU5+0PN&hl=en&ll=51.20281,-0.543437&spn=0.006857,0.01929&sll=37.0625,-95.677068&sspn=35.494074,79.013672&z=16&layer=c&cbll=51.202871,-0.543632&panoid=0humcjxVn9w4JgDCwjcyNg&cbp=12,235.29,,0,13.29 Im guessing this is the one based on the zoopla???
  14. Would be very interesting to understand re family in the south how much money they borrowed to fund their "£600,000" house. would love to know how much they really paid for it & also whether they took out additional loans against it.... Im making an assumption that their take home pay is around £3200 a month? 40% of £3200 is £1280.
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