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About beenhearingthisforyears

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    HPC Poster
  1. London is a big place. So think it is more common than you would think. Many people come to London in their early 20's rent for few years, then buy in 30's and move out to "greener" areas when they have kids. Most of my friends now in 30's are following that pattern. Not a majority tho , agreed. Also return on improvement investments can increase with HPI. You know a coat of paint and a vase of flowers and £20k suddenly added. In a falling market would not be the case. The improvements seem to get inflated too. I am talking about people keeping same job and so earning same money but movi
  2. This is how it can work. Mates in London are doing it. Bought 1 bed flat in dodgy East End 5 years ago, and prices have increased to a greater % than the area they are moving to. So now they can afford a 2 bed in a area that is slightly further out. So for them local HPI was a positive. Many people have bought in London in their early 30's and then move out of London when they marry/children etc.
  3. So what are you suggesting? We all STR and dump our homes? And gamble on the markets or try our luck with gold? I really wish we could make a distinction here between investors/LL's/BTL and ordinary regular 1 home owners. And have you seen what is happening to the interest rates on people's STR / FTB’ers deposit funds?. Many are coming down..... I would rather sit out any crash and at least continue to live in my "asset."
  4. Cheers for link. Luckily Halifax allowed me to move it to a fixed 5% ISA, but many of the higher rates are variable, so could easily come down too? i.e: A&L.
  5. Even on this forum, (where surely people are more informed) member after member are saying they would not STR; it is not an option for many. I doubt if the average HO has even heard of the term? Banks are lowering their interest rates for savings. My ISA has already had a rate cut with Halifax just 1 day into the new tax year, and unless you are able to play the markets as well as Dr Bubb then IMO it isn't that simple. Even reading the business pages is confusing as hell. The story seems to change by the hour! No-one knows for sure what is going to happen and many, many people think of their h
  6. I would never have believed it until i discovered that my ex was a pathalogical liar and had wardrobes and wardobes of designers clothing. And a flat decked out with all the latest gadgets/furniture. All on credit which they just walked away from. Nothing was repossesed.why?? not the car/furniture all the designer clothing. Declared for £60k. And had to pay something pathetic like £5 per weeks because they were on teacher training salary. Then got loads more credit cards and started on the spending spree again. I eventually found the cards and the statements. I can not believe it happened but
  7. People are just laughing at the system. Just one ! year now before the bankruptcy is dissolved. My ex was declared bankrupt and didn't loose car and after a few months after being dissolved all the credit cards came through the post-box again and then they ran up £1000's more debt. It is that easy. Please read this article below, because in my experience this is exactly how much effect it has on some people. Not much at all. Z list celeb Anthea Turner's sister and sister's husband both declared bankrupt last year and she was joking about how they still shopped at Waitrose and they hadn't lo
  8. Been pondering this question: "Why if UK didn't track interest rates on the way down, (US in particular) do we need to track them on the way up." PM'd 'Jason" and checked if it would be ok to use a reply he recieved from BOE last year regarding "what effects FED interest rates have on our interest rate policy." Please see link to that post : http://www.housepricecrash.co.uk/forum/ind...97entry253597 In view of the reply from BOE, could someone explain - in basic easily understood terms/language please - why we need to track US/other countries rates? Just something i am wondering abou
  9. I live N1 and have stopped posting anything about London as accused of talking buls**t when i mentioned Autumn last year that prices are on the up here. Out for dinner 5 friends last nite. 2 are looking to FTB and they mentioned BS's seem to be offering lower rates than few months ago? Britannia just announced new 4.34 fixed 2yr. http://www.britannia.co.uk/unison/mortgage...ates/index.html Islington properties were being remarketed after Xmas with price increases. The trouble is London media has been full of bullish news every single day for months now. Even radio news covers it in depth. Peo
  10. I know of many on benefits and they are ALL working to! they are laughing at how easy the system is and i will not even start on people who are also involved in drugs etc, etc. Drive around some parts of really rough South London and look at the cars people are driving....Lexus 4WD....how do you think they afford these vehicles??. I go there every week to visit a friend and it is scary territory. These people are making a mint! i also know of high power businessmen who have excellent accountants to get them out of paying taxes. People do what they can to get by, and it is dog eat dog. In my v
  11. found out Halifax lowering their ISA rate on Halifax ISA Saver Direct rate from 5% to 4.75 on 6th April!! whilst still heavily advertising a 5% fixed for 1 year or more. Penalties if you move within the fixed period. Phoned to check this and they agree to move my ISA to fixed. Just frustrating as had just moved it from Smile to get the 5%! Edit: bu%%er what have i have just done. In my "indignant rage moment" i have locked £3k away for 12 months and will loose big chunk interest if i try to get access to it! .......and now i know why i dare not let my self loose on the markets. all for the
  12. If the economy "crashes and burns" as you predict would have thought Blair would have wanted to be as far away as possible.....if the "ship sinks" surely he will go down with it?
  13. Because to most - talking about Joe Public here - it is a "specalist" area. When a study last week was showing many in Uk struggle to understand even basic financial principles, a small % couldn't even understand their own bank statement. .....do you really think they can get their heads around playing the markets? Even members on this forum admit they would not risk their STR funds on market. Looking at "investment section" you will see how some are even cashing in investments and have made NO profit. Others are struggling playing the markets. http://www.housepricecrash.co.uk/forum/ind...sh
  14. Found this to be a very balanced article and sums up how my view of HPI. Be interested in the view of more bearish members. http://www.telegraph.co.uk/money/main.jhtm...4/cnhouse04.xml
  15. I just highlighted one reason which could explain why prices are rising in some City worker 'favoured areas" as my post explained......i have got nothing to "rant" about. It is a fact. Many other members have confirmed this regarding the London market. I have no idea why you need to question something that has not been challenged even on this forum. If you believe the central London areas i mentioned are crashing please could you show me some evidence.
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