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whynow

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  1. Also, some info from the market here in SW London, properties are selling atm within 2-3 weeks if reasonably priced, people just want to move after lockdown and so decent discount offers are being accepted. We got 25k off the asking and saw same house sell for that 25k more at end of 2019 so it was a fair price. (yes yes - not when I get a 40% wipe! I know)! the stamp duty is also having a big impact down here at the lower end of the market - properties up to 500k. My stamp bill went from £16.5k to £1.5k (yes yes, I’ll lose all that next year - I know). proving the info for those who want to hear both sides
  2. I’m currently in the market. The twin benefits over the last 1 week Rishi’s removal of stamp and Nationwide bringing back 10% deposits for first time buyers has put me in a position to buy. I feel like I need to buy, I’m in a one bed flat with a baby and my Mrs is going nuts, so we’ve bitten the bullet and put an offer in. Do I think prices will go down in the mid term - absolutely. Could the economy tank and take my job - possibly. But I’ve held on for 10 years waiting for a crash and YES it’s Sod’s law that it will happen in 2021 but I’m not moving, I’ve got a very low fixed rate for 5 years and I’m knocking on 40. How long can a person wait? im also bricking it that my deposit may inflate away as the GOV seem hell bent on insuring the house market moves. will I live to regret it - maybe! But I’d also regret waiting another X number of years and see house prices slip completely out of grasp and be so old I can’t get a mortgage! Thems the risks! I can take a house price crash - were not moving for 16 years! It’s the job situ that’s scary! id say wish me luck but I know you’re all rooting for the wipe to come!
  3. Well, this is encouraging me to move. I would have had t pay £16k stamp duty, now I can move that into my deposit to reach the 15% i now have to stump up.
  4. Question - does holiday actually mean ‘never pay it?’ Or it’s due at a later date? (Obviously in a sense it’s due by us all in our pay packet at a later date). question - EA said demand was massive so why do we need this incentive at all? im one of the people who had a low deposit who now has to stump up 15% in LONdon (so £60-£75k) but this will certainly help me get there.
  5. You just don't believe me about what part of it? You don't believe I'm northern, a marketing director, or that I'd ever move to Cheam? What a strange thing to accuse someone of lying about. If the phrase - "just stop whinging and move on" was universal for this website it wouldn't exist! We're all whingers! Whinging about houseprices - where do you think you are?
  6. WOW. Sorry, that's crap and a huge generalisation. There are millions of women out there hopelessly devoted to mechanics and secondly, there's a lot of sisters out there doing it for themselves. Are you from the 1950s or something?! Just WOW.
  7. I have no BOMAD where a lot of my peers do that allow them to get on the ladder easier. Very hard for the bootstrappers amongst us that don't have any inheritance or bomad to help us. I think us northerners really get it stuck in our throats about the high prices, even my father who worked in a factory and my mum at a supermarket - had a better quality of home than I do in London at their age (they lived in Yorkshire). Those from London, or elsewhere who go "yeah but its London, you have to pay a premium" can accept it. For me, with everything deliverable now and streamable, whats the need to be so close to London? I can live in North Yorkshire and get the finest wines from the world delivered to my door if I want! "But what if we want to go to the theatre"?! We never do! And with a baby we never will! I'll take a Scarborough seafront panto instead and a 5 bed detached! Do i seem bitter? I f**king am! lol
  8. Rightly or wrongly - the NHS is equipped to deal with that. It wasn’t equipped for this. Im not personally thrilled we’ve trashed our economy for this! My own job is precarious due to industry and most of my colleagues and friends have been furloughed or made redundant. It’s absolutely s**t. I’ve taken a pay cut. But i still don’t think the country would have accepted inaction and a rampant virus. I wish i had the answers. Time will tell.
  9. Yes I do earn over that figure - I’m a marketing director and feel pretty bummed out that on this salary and working like a **** 7 days a week I can only get a 3 bed terrace for half a million quid! I’m a northerner and would LOVE to go back but there’s few jobs and my partner thinks anything outside of the M25 is akin to hades (not British and London is her world).
  10. Based on the fact 100000s have already died in the US and we are over 40k now, you think if we'd done nothing to control infections we wouldn't be well north of 40k. I think its an UNDERestimate! I didn't say the US was a second wave.
  11. I think the issue was always panic that the NHS would be overrun - I can't imagine the outcry if we had bodies littering hallways here as they did in Italy. At the end, its a rock and a hard place for Boris. When he came out and said - people are going to die - herd immunity, I was really shocked, not least because it was the opposite of the direction of France, Spain and Italy and in effect said - we value money over human life (I appreciate there are human life costs even with this choice) - that went down like a sh*t sandwich. Look at Brazil and to a point, the US, are their economies going to thrive with 50k infected a day (deaths will follow four weeks from now), they need to control the virus or the economy will not recover. None of us know the final outcome yet, which countries will be better placed financially after this ravaging etc, but I do think hard Boris let the NHS become over-run, had he let 100000s die, he would never get re-elected and potentially would have been removed.
  12. This site is a git to use on a mobile phone! I have ads follow me down the threads blocking me from reading anything or posting!
  13. 1) I pulled out of - I did not nothing with ‘ornaments’ 2) my hope IS 3) where the eff is the edit button?
  14. 100% Last year I pulled out ornaments a house at the last second as I just couldn’t deal with paying half a million for a mid terrace at the end of the northern line - 15 minutes from the station in a town I hated (Morden). Then this year, I took that lesson and put in an offer of £530k for a mid terrace but close to the station in the nice town of Cheam (not on the tube) and Covid Hit the week before i was due to pay the deposit - I work in travel and was personally sacking people that week. It felt too risky and again I pulled out. I now have a child and my partner is not enjoying life in our 1 bed flat esp in lockdown. She wants to move but does understand that buying today would be madness. The banks have put paid to our plan anyway as we only had 10%, I’ll spend the next two years continuing to save to get to 15%. I was lucky not to lose my job but we all took a chunky pay cut. My hope isn’t 1) the market goes down at least 15-20% and we can look at semis in our chosen location (well my real hope is a 50% crash and I am get an amazing house!) 2) forced to have a 15/20% deposit our monthly payments will be less and we end up paying off the house before the baby gets to Uni - much easier than on that 10% deposit. sitting right and being patient has not been my strong suit! But I think this will wind to its lowest point over the next 2-3 years.
  15. This 40k number is just from the big/brand companies. We’re in travel and let go of 75% of our staff this month. How many people are employed in the travel industry in this country? Whatever that number divide by 4 and times by 3 and stick that onto your 40k! Millions will be done by November.
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