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House Price Crash Forum


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About Brummers

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  1. I love the assertion that there are some dark demonic estate agents, or worse maybe GCHQ, hacking in to accounts to post up news about buying a house. Or, perhaps you accidentally posted in here instead of the 9/11 conspiracy forum?
  2. Private Eye have been reporting on this for yonks, as usual. I'd have thought that particuarly comic would have had a high circulation amongst those who appreciate news without the vested interest.
  3. This is massive, probably the catalyst for the more recent development of a left-wing no argument to EU membership. Absolutely bonkers idea. The US health sector is probably salivating at the prospect, as well as the usual 'winners, no matter what the outcome' legal sector.
  4. This is THE crucial factor for consideration by anyone over the age of 40 who is having a complete failure in understanding that it really is different this time, but not in the way they think - it's the argument I used originally to open my parents eyes to the present situation when they first started asking questions like 'have you thought about buying?'. The massive inflation that effectively wiped out their debt in the 70's/80's/90's is not looking likely to return, ergo if I were to chose to buy now then I must make the assumption that it's a house for life and the costs will increase, n
  5. More than some. This is the real ticking timebomb for many people I know. 2008-present has seen lots and lots of people accepting the fall in prices in 2007 as the crash and then assume (rightly so far!) business as usual thereafter, only they've all borrowed at historically low interest rates. These are the moderately wealthy young professionals that have gifts/borrowed from parents for deposit and then borrowed a sizeable multiple of two salaries From hereonin it's the usual story of one that will not be able to afford the mortgage at 5% after three or five years (my brother will be buggere
  6. He was a bit late with that one wasn't he? Anyone who hadn't seen the problem by 2005/6 probably wants their head testing. I'd agree with others on here, whilst many are simply wishing for interest rates to go up (they will eventually), it could be any number of things that starts the domino run going and at that point the BoE will wish that it had the kind of control and influence that members of the public seem to think they have.
  7. I vote for a return of the old Sunday trading laws. The ones that seemed to prevent shopping becoming a hobby and kept the roads/streets/towns quiet for family time, socialising etc. etc. Sunday licensing to match and force piss-heads back in to the bosom of the family for a few hours between pub visits.
  8. At last someone hits the nail on the head - it's not 'liar loans' (sorry Eric, hope that's not too upsetting for you), or borrowed money (at auction, cash rules), or speculation on the whole, it's very rich people dodging tax that is the chief driver of agricultural land prices having risen dramatically. James Dyson is one such individual who has been buying up land on a big scale according to Private Eye. Only the large, landowning farmers are able to indulge in this, beyond those NFU staple members it's actually causing serious problems for the farming industry, particularly where existing h
  9. I'm chuckling to myself imagining that, after the odd flippant remark on this thread, some sort of insurance/mortgage flood nightmare scenario plays out that acts as catalyst for a monumental house price crash.
  10. In all the 'what went wrong', I'm a little surprised that there's still so much blaming of banks and lending etc. when my memory of the first and second terms with Brown at the treasury were constant manipulation of inflation measures (i.e. removing mortgage interest) which it was blatantly obvious were designed to keep interest rates artificially low. Surely it can be argued that this was one of the key 'root' problems? This was a pet peeve of mine as it was totally ignored by the vast majority of media/masses as the base rate is the essential measure of affordability with regards to mortgag
  11. I'm not far to the east of Cheddar, but have the advantage of working in Bristol city centre and having a direct bus service from home for those days when I'm not cycling. I really want to get back to Bristol close to civilisation, friends etc. but the rents there are staggeringly high - beyond a sensible level considering that I'm at the 'would like to start a family' phase of married life so want to ensure that we can live on a single (below average!) income.
  12. Erm, this has been happening for years. Or rather, generations. My parents had help, theirs did etc. and now I've benefitted in much the same way. As per the above comment, it's not a matter that has much relevance unless parents are acutally borrowing to do so. I think this is probably the only genuine 'trickle down' economics ;-)
  13. I had a log in back in about 2005 when I started doing a bit of research in to house prices and interest rates when I was thinking of buying (I'd just got my first graduate job). It was useful info back then which stopped me from buying and I'm extremely glad that I didn't. I've since moved cities (twice!), spent three months travelling on a 'career break', got married, got made redundant, had 6 months unemployed and subsequently two years temping (during which time my wife did post-grad teacher training) and now finally in a permanent job again and hitting mid-30's. There's no way I'd have ha
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