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House Price Crash Forum


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Everything posted by Pmax2020

  1. I don’t agree with the sentiment of this post. Everyone I know across many industries is being told by their employers that WFH is here to stay. Employers clearly see the savings in having people off site. Also, I can see it being used to curb wage rises as staff benefit from reduced travel costs and child care. Local authorities around me are stripping office spaces ahead of selling them!!! That lot are loving these people pandemic times!!
  2. What’s the recent advice been in England? Although we’ve dropped our restrictions in Scotland, our government are looking to pass laws to enforce the wearing of face masks. Also, Sturgeon has made it a key message that they will work with businesses to encourage working from home in a hybrid form, even beyond the pandemic. They’re saying that change is needed and a balance is important to well being.
  3. I work for a big engineering company and they seem to fully support the ‘hybrid’ working. They’re saying a 50/50 split is there for those that want it, even beyond the pandemic.
  4. Hopefully millions of people are waking up to the fact they don’t need half the cr*p they consume. Pandemic or no pandemic. My kids will be spoilt at Christmas while they’re still young and believers in the big man. Beyond that we’ve chilled a bit on the excessive spending. It was easy during the lockdown - looking for things to entertain them.
  5. Gruffydd, you think BoE rate will rise this week? Ive told everyone it will so I will look like numpty if it doesn’t.
  6. Markyh, The Gran Canaria is normally our go to in October/ early November. Nothing beats leaving the cold, wet, pitch-black to land in the Canarias with its heat just 5 hours later. I feel you’re pain on the cost of staycations. We’ve ruled them out but that’s partly due to having a new born to keep us busy. Like you say - anything half decent is £300-400 per night for a family before you even think of food, transport and activities. Sod that. I’m hoping they’ll ditch the testing regime later this year once most of Europe has been vaccinated. Then we’ll get either Tenerife or Gran Canaria booked.
  7. Sounds a worthwhile policy but let’s hope it’s not open to abuse. Ie. Surely people won’t just relocate, WFH, then leave a few years later!! I assume it’s an allowance per annum over a number of years.
  8. 2014 diesel golf & a 2021 Electric Peugeot 208 (company car). Our cars have never cost more than 5 - 7k or so second hand. Bought with cash or the odd 0% credit card.
  9. I do think people lose sight of how little a difference it makes. We aren’t comparing 5% with 2% here. We’re talking fractions of a percentage. I mean providing you have good LTV each 100k you borrow can be is little as £75 per month in interest. You’re going to be able to batter the mortgage at these levels. If you want to save some money take a look at your sky package instead of stressing over 1.19% versus 1.29%…
  10. There are 7 year fixes of 1.49% with £650 fees. Mortgages can’t be any cheaper than they currently are.
  11. I voted ‘no crash’ because I think the best we can hope for is prices falling to 2018/2019 levels. Anyone think the BoE will finally raise the base rate next month? Even just 0.1%?
  12. I feel all your pain. I try to convince myself things haven’t went too crazy but then comes the link from a mate. “Check this out” they say… “Bought 2018, £235k. Sold 2021, £295k”. I look at the pictures and they haven’t even bothered replacing the kitchen and bathroom that were already painfully dated 3 years ago. The biggest problem is interest rates. They’ve remained low for so long now it’s inconceivable they’ll rise anything greater than a fraction of a percentage this decade. Im only in my 30s but my generation could barely afford the crappest gaffs in town 15 years ago. Now young people can easily get mortgages for places most older families can’t even afford in spite of the equity they’ve accrued.
  13. I find that view staggering. How many people had a gun to their head telling them to bid 10% more than last year? Or rather, how many of them desperately needed to move and had no choice whatsoever? A very, very small proportion of them I suspect. I’d love to move to a bigger house but I’m not paying inflated 20/21 covid prices. If prices don’t come down I’ll just accept I cannot move. I work to live not vice versa. I’d rather live in a more modest house and treat my family to nice holidays, days out and a comfortable lifestyle. I’m tired of muppets paying over the odds for everything because they don’t know the value of money. You see it in every aspect of life now. The cost of goods and services is ramped up because for years muppets bend over and pay 2 or 3 months wages for a new boiler… or a holiday… or even a telly or bed!!! Everyone’s driving around in cars that consume half their disposable income. Sorry I’m just grumpy today.
  14. Yup. Loch leven in Kinross-shire is one of the nicest places in Scotland. Schools in nearby Kinross are great and you’re only 20 mins north of Edinburgh and sort of spine of Scotlands trunk road network. But houses are generally cheap up here and that’s a rip off compared to others.
  15. I laugh at this one every now and again. The property market is booming so why aren’t sellers asking themselves what’s went wrong with their attempted sale? Uhh… the price?!?! https://www.rightmove.co.uk/properties/110660231#/?channel=RES_BUY Fine it’s 5 bed, but dark, dated and located immediately on a pavement with a tiny back garden. What family would waste time and money investing in it?
  16. With sales volumes down 55%, it stands to reason we’ve had a period where some numpties have paid a premium. That’ll mean nothing when the covid supports run out later this year.
  17. Much of Mays sold prices have appeared on Rightmove for parts of Scotland. Where I live there are very few surprises, in fact there is literally nothing to support the 10% yoy rises being touted in the papers. Prices will fall this year, and it’ll be further than the fake rises that are being reported. When certain desirable streets start to struggle I’ll get a bit more excited. Right now, it’s those areas that still attract the nutters and odd silly price.
  18. Fair enough but the many English fans and the mainstream media are so self absorbed that it riles neighbouring countries. I mean the BBC ran a story yesterday ‘Will the Welsh support England in the final?’. Why? Why would they? When Scotland got their draw with England the media twisted the narrative to stroke their own egos - ‘how overwhelmed with joy the Scots were to hold England to a nil nil draw’. For us it was nothing to do with the fact it was England - it simply meant our final game was meaningful. A loss meant we were mathematically eliminated. Maybe we are a little bitter up here. We do however have to effectively pay to watch our national team because the BBC and ITV only bid for England’s qualifiers. Half of ours are on Sky ffs!!!
  19. As a Scot it’s really tiresome hearing these stories because 99.99% of us don’t care about the England team. Neither team has won anything during most of our lifetimes so there’s no reason to be jealous either. There’s no real rivalry because we seldom play one another - mainly because we rarely qualify for tournaments or progress within them. When England invariably lose a small minority of Scots may briefly cheer sarcastically for their opponents - but it’s no different to any other club or country rivalry in football or another sport. The idea that millions, or even thousands of Scots really care whether or not England win tonight is partly why we feel the English media are so arrogant.
  20. It’s not about claiming it’s the result of brexit, but surely you can see the government and media are pushing the whole “summer of 2021” where England are taking back control of their affairs and winning the Euros fits in nicely with that imagery. They think we are too stupid to see how much of a mess we’re in.
  21. Understandably neighbouring countries won’t be supporting England but I agree with the sentiment of the OP - the government will be desperate for the win because they’ll feel it will galvanise their insular, misguided sense of Britishness that resulted in Brexit and the economic chaos that’s ensued. It’ll also detract from their idiotic ‘rip the covid plaster off’ plans that come after 16 long, hard months where we’ve all managed to live with the virus. I support lots of English sportsman in different fields but your footballing media are just too much to stomach. Painfully arrogant, opinionated, filled with self-importance and disrespectful to every other team. You got beat by Iceland in the last Euros and the team were vilified - how dare they lose to a lesser team?! You draw with Scotland and it’s a case of ‘the players showed no appetite’. They just cannot admit when teams step up or simply play better than them which is the very essence of sport for god sake. Most Scots are braced for the England win. You’ve had a decent campaign, been one of the better teams, but you’ve needed a little luck along the way. Has there ever been more shock exits? Favourable side of the drawn too and a cheap non-penalty & own goal in the semis. Denmark were the highest ranked team they’ve played. The truth is England have had good enough teams in the past and choked time and time again. A Euros win has been overdue and looks likely tonight.
  22. I disagree. I know a few couples that pushed the boat out this summer and spent 300-400k on a bigger houses, some of which openly admit that they’ve stretched themselves to the point of feeling concerned about their finances. One couple I know are actually converting their garage/workshop to an Airbnb because they are worried about money. You’d see a repeat of 2007/2008 - low fixed rate mortgage deals coming to an end over a 2-3 years period leaving people with a huge hike in their monthly repayment. Add to that instability in the jobs market, I mean we all know hundreds of thousands of the ‘forgotten’ furlough crew dont have a job to go back to in a couple of months.
  23. I think we’re mid-way through a 2 year fix of 1.24% with TSB. 2 years to them always seems to be about 30 months somehow!!! I don’t care too much for finding the absolute lowest rate, I mean it barely equates to a fiver a month saving which is comes down to 0.01% here or there. Instead we’ve just been trying to overpay and we are closing in on the outstanding amount dropping below 100k. Still a lot of money but not bad considering we effectively lost money on our first house.
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