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House Price Crash Forum


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About phoey1

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  1. I would worry what scheme they will replace it with.
  2. Lol of course he said that. He's an estate agent who's trying to convince you to sell.
  3. They also use the CV to make sure you haven't been out of work for more than 3 months.
  4. they calculate it based on 50 weeks on day rate and take that as your year salary. so if 4x then was £400 p/d or 5x would be £320 p/d. Ive got a contract mortgage. They use the CV to make sure you've been in the industry for 5 years + in the same job. I had to show a years worth of completed contracts and that I was currently in a contract with at least 3 months remaining.
  5. FED wanting to stress test negative interest rates in 2016 http://www.bloomberg.com/news/articles/2016-02-02/rates-less-than-zero-is-bank-stress-fed-wants-to-test-in-2016
  6. This was written by Hearn a few days ago https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.23kzyblip
  7. you might be right, but I cant see people being able to stump up the deposit and stamp duty costs at current prices the LL will sell at, at least in the short term. With the demand for rentals, they will simply try and raise the rents to cover the extra cost.
  8. I found renting in london incredibly stressful. In a space of 1 year i moved out twice. hunting for rentals was stressful and incredibly competitive ( interviews with landlord, expensive letting fees, rentals secured within a few days). This is all zone 4 aswell. In the last 2 years rental prices have increased around 20% and with more downward pressure on buy to let, I expect less rental properties available.
  9. If they did sell up and moved elsewhere in the UK (pay off mortgage etc), do you expect them to continue to work?
  10. humans should not be responsible for driving a 1 ton machine putting theirs and other people's lives in danger. We worry about loss of jobs and business but will open many more avenues of new business if we were taken off needing people to be paid to drive cars. For our economy to grow we need to reduce mundane types of work and be smarter on how we work.
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