Jump to content
House Price Crash Forum

ronnie

Members
  • Content Count

    164
  • Joined

  • Last visited

About ronnie

  • Rank
    HPC Poster
  1. Whats with crisps these days? The have all sorts of artifical flavourings/enhancers in them like MSG. When i was a kid i never remember there being so much crap in crisps.
  2. my father and mother said they will give me 100k out of proceeds of house sale when they trade down to cheaper house which would get me a nice pad in Buenos Aires where i could work part time in a job i really want to do like cocktail barman or something! Heck i might persuade them to give me 200k(euro) so i can buy 3 or 4 properties and live off the rental income(rental yields are around 10%!)
  3. This issue being debated on sky news now . edit: just caught last two minutes, presenter seemed against the idea. broker saying 50% of income on mortgage is acceptable amount etc
  4. Whats driving the pound??? Trade deficit for year is around 40billion??? The germans have a trade surplus of over 100billion!! Must be all that foreign money coming to london!
  5. Hello, any one got link to graphs showing uk's and other countrie's house prices relative to income and deviation from historical norm/trend. cheers.
  6. When the rest of europe opens its labour markets fully to the accesion eastern europe and baltic states will there even be enough immigration to avoid the demographic timebomb?? Will we see a government strategy to boost birth rate like putins russia is currently doing??? They could take in an unlimited amount of young immigrants from outside europe but we all know how politically senstive taking in non white non europeans is.
  7. its real rates, affordability and borrowing capacity that matters ,nominal rates are larely irrelavant.
  8. I have my escape plan ready, will be heading for london or manchester on the ferry when the inevitable crash comes. trying to get a job in irish civil serice at moment which would at least give job security in a downturn.
  9. Insiders are telling friends and family to get out of market NOW!! http://www.unison.ie/irish_independent/sto...;issue_id=14600 Sell, sell, sell, estate agents tell property investors SOME estate agents are privately recommending their friends to sell their investment properties. With rising interest rates and concerns that the property market may finally be beginning to slow, some investors are opting out of the market. It comes as Housing Minister Noel Ahern is promising a crack-down on property speculators trying to make a fast buck in the housing market.. One investor, not a speculator, said relatives who work as estate agents advised him to sell. "I was expecting the usual 'Are you mad? Don't ever sell property' response," he said. "But they thought I was doing the right thing. They said I had made a packet on it and said that I may as well take the money while the going was good." Market He added he was one of the lucky investors who got into the market early and is able to get enough rental income to cover his mortgage. He also benefits from capital appreciation. However, those who are entering the market now are more than likely having to supplement the rental income in order to cover the mortgage. Alan Cooke, chief executive of the IAVI, agreed. "It only makes sense in recent years to buy an investment property because you can factor in capital appreciation to what is a low rental income." He pointed out that monthly rental return is "very low" with a €500,000 property likely to bring in just €1,200. An estate agent, who did not wish to be named, said it was "impossible" to cover the mortgage through rental income alone on a new property
  10. A crash doesnt necessarily mean mass unemployment, i think unemployment would only reach (at worst) 10 or 11% in a crash. A sharp correction is better as once prices reach a floor and start rising the consumer and house buyers will regain confidence and economy will emerge stronger and more competitive. A long drawn out correction is more likely to create a substained economic recession due to uncertainty , and peoples reluctance to buy houses cars clothes and "stuff". The pound would lose a lot of its value and make the country more competive on the world markets and create more jobs in uk or prevent many being lost.
  11. The two most significant causes of HPI are increases in population and increases in real income. Im sure he assumed income growth would continue as it had in previous decades and factored in the odd recession here and there. If the demographics go against the market it doesnt matter what the economy is doing really, there will be oversupply of property , UNLESS you import loads of people who are at or close to the age when people usually start to form households - cue mass immigration. But the germans etc have the same problem and their demographics are even worse i think, their economy will start shrinking in years to come from less workers etc so they may mass import the immigrants then and UK PLC will be left without the young people to continue growing the economy.
  12. China upped their rates which is impacting , plus they have 10% inflation internally over there from printing so much cash to keep their currency pegged .When the yuan floats the shitzu will realy hit the fan !!
  13. Could this impending demographic time bomb be the reason for the governments eagerness to open the borders???
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.