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Everything posted by shlomo
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An international bank on the brink , apparently?
shlomo replied to Dames's topic in House prices and the economy
I could believe they have loaned large amounts of money at low interest rates and the companies they have loaned to are shaky as the business environment is changed leading to mega defaults -
This is also my reading of how the situation will unfold
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An international bank on the brink , apparently?
shlomo replied to Dames's topic in House prices and the economy
Lol, funny, we know who you mean when you say Howard -
The world is not going to end but we do not a 30% cut in the standard of living
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Yep, we are going back to the 1970s standard of living
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Mumsnet bricking it over interest rates
shlomo replied to crazypabs's topic in House prices and the economy
lol -
Mumsnet bricking it over interest rates
shlomo replied to crazypabs's topic in House prices and the economy
Everything I say on HPC is true I just assumed others were like me, we have anonymity so we can tell the truth. I really thought you were a 45+ year old man living with your mum in grimsby-ish and bitter with the way life has gone -
Mumsnet bricking it over interest rates
shlomo replied to crazypabs's topic in House prices and the economy
It is your sense of humour and you have boasted on HPC as selling used ladies underwear -
Mumsnet bricking it over interest rates
shlomo replied to crazypabs's topic in House prices and the economy
If you look back at his posts he also does this, I would not be surprised if he is on mumsnet posting as banana2079, this would fit in with his sense of humour -
Mumsnet bricking it over interest rates
shlomo replied to crazypabs's topic in House prices and the economy
I never thought of that, probably because i am not a woman or divorced -
Mumsnet bricking it over interest rates
shlomo replied to crazypabs's topic in House prices and the economy
In six months from giving money to third world countries now she needs money -
Paul BullockMortgage Advice for all (UK) · So, we put an Earlybird hold down on a new-build property. Within the first month, they increased their price by £15,000 and we've had another email saying it will go up another £10,000. So in total £25,000 increase within 2 months. As of now, the property is now £450,000. I really don't know what to do, am I being ripped off, should I still go for it? Are prices just stupidly high at the moment and we'll end up in negative equity? I know (in Warrington) there are thousands of people from Hong Kong coming over-inflating this offering £60,000 over asking etc. This is why we were so happy to get a hold on a house, as for the past year we've been kept getting out-bid. Just a £25,000 increase I feel they're trying to force us out of it, so they can go with the international buyers. Any advice? What would you do?
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Paul BullockMortgage Advice for all (UK) · We offered 15k over asking price and got accepted. It's an older house. Therefore, we got a level 2 buyers valuation survey done. The results come back bad for pretty much everything. Mainly electrics, roof and an asbestos garage... Because of this we wanted to check in more detail if it wasn't the case of 'its marked bad as there's no certificate' etc. So, it needs a complete rewire, the guy said its a death trap £5-7k, asbestos removal 2-3k, roof fixes 5-8k. The surveyor guy valued it at the price we offered. Therefore, the seller said there's no negotiation to be had. However, in light of these quotes, surely there is room for negotiation? I want off what the works going to cost me? What's your thoughts, what would you do?
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Sabrina Lodge Mortgages Admin This is a very loaded question which probably is best for a talk with someone on the phone but will do my best on here.. Do you know why the other house has gone on for less? Do you know the situation of the seller? Is there a problem with the house … See more Rachel Whytho Go and arrange a viewing on the other house, see what the difference is, there's probably a reason it's so much cheaper as housing prices haven't dropped at all yet. But if you like the cheaper house, it's maybe worth pulling out and going for the othe… See more Saad Kamal I pulled out once and regretted it for 2 years everyday! Listen to Sabrina above, good luck!
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From Facebook https://www.facebook.com/groups/162502548973990 ------------------------------------------------------------------------- Paul Bullock Mortgage Advice for all (UK) Hi, we got accepted on a house 3 months ago, now its near completion, the exact same house on the same road has been listed for £65,000 cheaper. Now looms a predicated 10-30% housing market crash on top of that... I think we would be daft to go through with it? We could be potentially over 100k down... Just wanted to see what others think? I know interest rates have gone up, and there could be a crash I'm just wondering if its worth pulling out and waiting or asking for a reduction... Thoughts? Thanks.
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Bought prices are relevant to how quickly a crash can happen
shlomo replied to spxy's topic in House prices and the economy
You are 100% right, I think house prices will crash 40%