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House Price Crash Forum


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Everything posted by Fletcher

  1. The trouble is that during all that"patience" you're paying rent. That could easily be 12k/yr in London. Of course the maths will dictate whether patience is a potentially worthwhile gambit. If you're potentially looking at buying a 600k property, a 10% drop if assigned a high probability might be worth holding out for, if in the meantime you stick it out renting for say 600pmm. But if you're looking at say a 150k property, you may as well just bite the bullet and buy.
  2. Yes indeed but my point was aimed at the quoted text in italics.
  3. You can of course buy a property with a deposit of 16k, as long as you can meet the multiple. AIUI the most significant aspect of UC is that all part-time workers bar a very small percentage are obligated to look for full-time hours, and are pretty much treated the same as the unemployed in this respect, ie they face benefits sanctions if they are seen not to be complying.
  4. My goodness, there is so much in there that is superficially plausible, worthy of further examination, and perhaps wilfully naive, but, well, it's late.
  5. Where did I say that you're racist? Consider this your reading comprehension test.
  6. This is very much the definition of a non sequitur. Why am I not surprised?
  7. I dunno... Labour are ahead in the polls, last time I checked.
  8. https://www.thesun.co.uk/news/8808762/gang-rape-victims-attacker-deported/amp/ I'll bet every single one of those do-gooder idiots preventing that rapist from being deported wants to remain in the EU. I hope they realise now how utterly disgraceful their actions on that day were, but I doubt it.
  9. Not sure if they're all snowflakes but yes, these people that you speak of seem to lack a functioning brain.
  10. Put another way: the UK needs free trade with the EU like it needs a hole in the head.
  11. How has being part of that trade block worked out for the UK? Our goods deficit with the EU is £95 BILLION. Even the US's goods deficit with the EU is $146 billion (2016), probably about £100-110 billion, and a) the US is not even in the EU, b) the US economy is about EIGHT TIMES the size of the UK's. Note that the EU single market in services (what the UK is good at) exists pretty much in name only. It is very easy to put barriers up in services. The UK NEEDS (goods) trade barriers with the EU. The last thing it needs is free trade.
  12. Pensions are calculated using the highest of earnings inflation, CPI and RPI.
  13. Do you have anything of substance to say or are you simply going to cowardly spout meaningless ******** like this, like you always do? You remind me of that drunk vicar from Father Ted. You make about as much sense.
  14. Thinking about it it's such a neat way to get business the wonder is why they don't all do it. Or maybe they do, which is why the market moves as it does.
  15. Overvaluing properties to win business is going to be a strategy that works in a rising market, as long as the seller is not in a hurry to sell. If you overvalue by 20% and market is rising by 10% pa you get the business, wait around, maybe send some dummy viewers (I'd be very surprised if this doesn't happen) to feign interest, and then after say 9 months drop it by 5%. Before long the market has caught up, you get the sale, book the fees etc and job done. In effect you're monetising time at the expense of the seller, cos really it makes no difference to the ea how long it takes to sel
  16. https://www.zerohedge.com/news/2019-04-01/london-real-estate-suffers-largest-drop-decade
  17. https://www.cnbc.com/2019/04/01/manhattan-real-estate-sales-fall-for-sixth-straight-quarter.html
  18. Traffic is not going to drop by even 10%, but if it did, fine. We will survive. And after that we will prosper - which is what the EU is terrified of. Have some bloody faith in your country. As regards your second comment, I fear it is exactly that mindset that May has carried into her so-called negotiations over the last three years, and we can see where that has landed us.
  19. If they get it (and you may well be right that they will) it'll be because a gutless PM has given it to them, be that May or A.N. Other. As to the lost cost of trade, I'll respectfully disagree. The UK had an overall trade deficit of -£67 billion with the EU in 2017. A surplus of £28 billion on trade in services was outweighed by a deficit of -£95 billion on trade in goods. Let's have it.
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