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House Price Crash Forum

DownandoutWT

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About DownandoutWT

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  1. +1 Infact I think we are about the only couple in our network who haven't had a BOMAD bung. We have had to do it all on our own. And we have done OK, we have our little house but it is straining now little down and outs have arrived. PIL are not in a position to help, and my parents would have to eat handfuls of hot gravel before they helped us like that. How do you compete when someone else is gifted £50k? Canny parents bought cheap as chips houses for their kiddies at uni - which they let most of the rooms out - then sold for massive properties. Well late 90s early 00s it was possible anyw
  2. Boomers; They have had it SOoooo good. Back in the day you could buy a detached 4 bed on a single busman's wage, and let inflation erode the debt away. Your office job (core hours only) was protected by a strong union. You didn't spend all day, all night, or all weekend responding to emails, heck a secretary sorted the flim flam before you had to worry yourself about it. Money in savings accounts rocketed, as did your gold pension; you retired early and spend your days in self agreement that 'kids today don't know the meaning of hard work'. What does the busman's wage today buy? F all. Eve
  3. We too bought (late 2005) as we were fed up with renting. Prices according to Zoopla are up by 15%. Having a relatively secure home position has been great. To move up the ladder we are looking at double if not triple our house cost. But we can afford the repayments, so unbelievable as it seems we are considering the move up. I honestly, hand on heart, do not see a collapse in prices until at least 2020.
  4. There are many people out there who work as Ltd Co contractors. Rates in IT vary but £400+ per day is a reasonable guide amount (many earn considerably more). Assuming no IR35 issues, the income p/a is very lucrative i.e. turnover of £110K+ p/a (comparable to at least £80k p/a permanent salary once taxes are paid). What does this mean - well effectively lenders will lend around 4-5 times your annualised contract amount; which means a mortgage of £400K+ is relatively easy to obtain. Especially if you have a few years accounts to back you up. Clearly a fat deposit is still necessary - and fo
  5. Corsham and Malmesbury are worth a look.
  6. Seems to be a lot of family homes (£200 - £400k bracket) that have been on the market for a long time, at very high prices. These houses are, invariably in need of thorough modernisation. The seller of the view that if the kitchen and bathroom has been well looked after for 35 years, you can charge top draw for it. There are then, the occasional home, which relative to all the other sh:te on the market looks better value. These rare properties fly off the shelf. Demand, therefore, for decent sized properties, reasonable garden, good location etc is still very high. Curiously I do not think
  7. you've got to seriously think twice on any property next to open land. sadly, today, a developer can do anything they ******ing well like on green land.
  8. Wow this sounds like my mother. She's offered to buy us a fridge. FFS it's not the 60s where that was a big deal. If I want a fridge I'll buy one for f sake. How about 50k for a deposit. That would be a help!
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