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MarkD

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  1. Isn't this the 'helicopter money' everyone's been predicting for years?
  2. Basically a solid house, no major issues, but it will need some money spending. If they chip him a bit he won’t stress. Happened to me on the last one I sold, but then I did get over asking! Ironically I thought I’d done well (sold in 2017), because I was certain prices were about to tank. Just shows how wrong you can be.
  3. Second that. We looked a moving there a couple of years ago, prices are insane. There was a massive influx from London. As a result prices took off. If they fall by a couple of percent it won’t make a lot of difference, they’ll still be way up there.
  4. That’s essentially what has happened. The agent has said to hold off and see if there are any more offers. Essentially a Dutch auction. Don’t know if they viewed or not. Hope so cos it needs a bit of work!
  5. Oh, and I forgot to mention, it was valued for probate 2 years ago for 225,000. Crash? What crash!
  6. Mate put his mother’s house on the market this morning, ‘guide price’ 295,000. Sold this afternoon for full asking price. I’m not at all surprised there’s nothing else on the market. Right now buyers outstrip sellers by quite a margin. One agent told me 5 buyers for every property. Another described the present situation as “madness”. Something has set the market on fire, seems the stamp duty holiday coupled with low interest rates etc. have lit the fuse. All very irresponsible, one way or another it’s bound to end in tears.
  7. Traditionally government meddling doesn’t end well😄😄😄
  8. Thought not. Leverage isn’t really a problem. Low repayments spread over 25 years, manageable. An extra 5-10k from your ‘savings’ ouch!!! Unlike many I don’t drive around in a flashy new car cos I know I can’t afford one, but then I always pay cash for my cars, always have done, always will.
  9. Can you borrow to cover the stamp duty? Never used to be the case, the mortgage was only ever against the property.
  10. This time he's written to Boris and Sunak https://www.thisismoney.co.uk/money/mortgageshome/article-9601221/The-18-year-property-cycle-tips-house-price-boom-crash-2026.html
  11. A thought occurs. Previous generations were risk averse, they hated debt, saved for a rainy day, and didn’t buy anything unless they could afford it. Their spawn are a different breed altogether. They’ve only ever known ‘safe as houses’ ‘bricks and mortar’ etc. Needless to say they are bound to influence their offspring into ‘you can’t go wrong with bricks and mortar’, money’s never been cheaper, etc, etc, get in quick while you can. So, personally I can make sense of it all, especially when you take run away inflation into account. Mental though, no question about that. What next I wonder? Anything is possible now, all reason has long gone.
  12. The conservatives didn’t win the last election, the Labour Party lost it. It was a bit like ‘how would you like to die? Gas chamber or firing squad?’ That’s why I voted neither red or blue. A clear choice, Boris the clown or red Corbin. Neither electable, what an utter shambles. Wouldn’t it be great if somebody (not Blair😂) put a descent party together. Even the liberals can’t put up a descent show, remember the deluded woman who reckoned she was going to be the next PM ffs!!!!
  13. Clarkson on tonights Who wants to be a millionaire. “Answer 15 questions correctly and you’ll have enough money to buy the London bedsit of your dreams”😂
  14. Wasn’t a problem back in the 70’s so what changed? The answers are all here, and we’ve debated them over and over. Question is what was the big game changer, was it BTL, was it council house sell off, was it bank deregulation, was it mass immigration, was it.......................the list goes on and on and on and..............
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