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glendem2

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About glendem2

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  1. All paper currencies will default to zero over time. Safest option would be to invest your spare money in GOLD
  2. If you have found the ideal place you want to BUY now, then go ahead and make an offer. Do not pay more than 90% of the asking price. Get a fixed rate mortgage for the next 10 years. You will need it when interest rates shoot up in 3 years time. Otherwise, I would do the following Put 50K in Tesco Savings and 25K with ING Direct Buy GOLD this summer when the price falls below $700. Wait until 2011 and pay for the 130K house, which will be down below 110K with a 50% deposit House prices will take 4 years to reach the bottom (2011) and then slow rise again until the next peak in 2025. Peopl
  3. I thought I was clever buying a 3 bedroom property in Altrincham, near Manchester for 84K in 1991. It was selling for 120K in 89. That's 30% below the peak. I eventually sold it 2 years later in 93 due to a job relocation for 75K. Prices between 93-98 went no where. it took 12 years in total for the price of the house to get back to 120K (2001). If the past is anything to go by, I would not consider buying until 2011
  4. Renting a decent 2 bed property anywhere within 5 miles of London will cost you at least £300pw. Average price to buy is around £350k which works out at £400pw on a 6% IO loan. Renting is therefore 25% cheaper at the moment. Prices in London are falling. Down 4% in some areas. I am waiting for a 20% fall before buying back in
  5. I've lived in London now for 2 years. If you make use of all the culture on your doorstep, there is no better place to live. However, if you are looking to buy something, forget it. Most people can not afford London prices. I work in the City and I am struggling to buy a decent 2 bedroom flat for less than £400k. That sort of money can buy you a luxury house in most other countries. I've lived and worked in Sweden and Germany. You can get fully furnished apts for less than £400per month in these countries. In London, it costs £1300per month. Need I say anymore
  6. I lived in Ipswich area for 8 years and would recommend it as a town for young families. Best areas to live in are east of Ipswich in Kesgrave, Grange Farm, Martlesham(30-50 age group) and Woodbridge (more suitable for peaople 50+). The countryside nearby is beautiful and sailing is very popular. Woodbridge has a nice harbour and lots of interesting walks. If you are looking for the nightlife, then you will be a bit disappointed. Ipwsich seems to be taken over by the yob, booze until you drop culture. The town is dependent on major companies like BT - entirely responsible for most of the growt
  7. I use to live in Altrincham for 3 years. Would really recommend it. It has good schools, connection to Manchester city centre via the Metro and easy access to the Cheshire countryside, like Tatton Park. Hale is for the mega rich. You will find alot of football players owning property in that area. Another area that always holds its value is Wilmslow. If you want any further advice, then just let me know. I guess it all depends where you work and how far you want to commute.
  8. There is no system in place to cater for children between the ages of 0-3. At 3 all children can go to kindergarten. But most schools function from 08:00-13:00, so parents need to pay for childcare costs to cover the afternoon or depend on relatives. A visit to the Doctor's cost a mimimum 10 Euro, irrespective of the problem and that is on top of the Health Insurance which costs 12% of your gross salary. Most people in Germany take home less than 50% of their salary.
  9. As I have lived in Germany for nearly 4 years, I think I am well qualified to comment on the German market. The attitiude to buying is completely different from the UK. People in Germany are VERY reluctant to relocate, not unless you live in the former East Germany. Mature=stagnent. i.e nothing is moving. Since I have been in Düsseldorf, the average rents have fallen 5%. And that's in a very bustling place. Berlin is a building site with 20% + unemployment. The media capital is in Köln (Cologne) not Berlin. If you want to invest in Germany, then MUNICH is your oly choice. Germany is a ver
  10. Hi Nick, I have been in Germany 3.5 years. In that time I have seen my property rise 70%. I sold out last year when prices got crazy in Suffolk, not far from Cambridge. I would not buy back my house unless it fell at least 20%. That can happen very quickly. I would say in the next 18 months. If you don't want to wait 5 years, then I would say summer 2006 is the opportune time for you. I remember the last crash of 89-95. I came back from the USA in 90 and waited a year before I bought in 91. Prices fell another 10% by 93 when I sold and bought my first place in Suffolk. The house I bought in 9
  11. Because there are alot of fixed costs buying a property in Germany. The market here is not like the UK. Many people stay in the same house their whole life. You are right prices have been falling and are likely to continue. Germany`s population of 82m is due to fall to 60m by 2050. Without the Turkish immigration, the population would have started sinking already. Renting is cheap here and you have far more rights than the UK. You can basically stay in your rented accommodation for the rest of your life, if you want.
  12. Having lived in Germany for nearly 4 years, I feel I can shade a bit more light on this subject. The majority of Germans rent. They have very protective tenancy agreements here. Basically, I can stay in my appartment as long as I like. Rental yields are about 7%. I pay 600 Euro a month for a 50sqm appartment in Dusseldorf. Purchase price would be around 100,000 Euro. Rents have fallen 5% over the last 4 years. House prices are similar. Only in Bayern and Badden Wurtenburg (i.e. South Germany) is there a big demand for house ownership. And most houses are passed down the generations. Germ
  13. Don't know where you got your figures from, but your assumptions are rather extreme. I worked for BT for 8 years from 1993 to 2001. Average salaries were around 30K. I worked in one part of BT that was spinned of last year. The company has 100 employees with avarage salaries around 35K. Several spin offs have failed dramatically. Please back up your figures with hard facts. Alot of development in the labs is now done in India at a tenth of the price. I know, because I was a contractor at BT. Rates have fallen 30% in the last 3 years. SO the spending power of alot of people has actually f
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