Jump to content
House Price Crash Forum


  • Content Count

  • Joined

  • Last visited

About Bes

  • Rank
    HPC Poster

Contact Methods

  • Website URL
  • ICQ
  1. GBP. I've done pretty OK out of the recent Aussie dollar weakness- long may it continue!
  2. Just an update, I have STILL done nothing, but thanks to a good couple of years in the stock market, have almost doubled my available deposit funds. Greenwich has risen by 25% in the last year, so verging on unaffordable now, but with the spectacle of QE and deflation all over, and Osourne signalling every intent to keep the HPI party going until every shithole in the country is >£1,000,000, I see no Choice but to buy. I am currently working in Sydney (and have been offered a long term position here, but I am going to turn it down for a lot of reasons). When I get back in the summer, I
  3. So what's your point? that I should stop complaining and keep renting? What about my post makes you assume I cannot do 'simple finance maths'? Yields may be low, but that does not change the fact that rents and cost of servicing a mortgage are still far too high as a % of income in London.
  4. Just an update (Can't believe I posted this last November!) I've taken no action at all, apart from to renew my existing rental agreement (which has now gone up by about £48PCM, but is still very good value for Greenwich). However, we've had quite a good start to 2013 in terms of earnings and savings. With Carney's commitments to hold interest rates down for what will probably amount to 3-4 years minimum, I cannot see much choice other than buying now. 3-4 years of HPI in London, plus the then subsequent crash that may or may not unfold, or be a slow decline over many years, coupled with hig
  5. I will very likely earn near 100K over the next 12 months and make my own salad at least half the time (get bought a lot of lunches too) so yes such people do. Also never buy coffee out of my own pocket. I either use the decent office machine or expense it as part of a meeting. (Which it usually is) You are forgetting a lot of the perks that 'high earners' get as you are often in and out of client meetings, or have team meetings that typically involve a receipt to the Payables dept. PS I am 30 and live in Greenwich where I rent. Refuse to buy due to silly prices around here. Might just pack
  6. God knows - we are also going to look a bit further out like Hanwell, etc. but even so..... Moving away and up to the 'next thing' is going to be really tough. To be honest I would either need an enormous pay rise, or strike it rich through my own business or similar I think.
  7. I have written and deleted this about 5 times this evening, so I hope it does not come across as too self indulgent (although it probably will). So I have been a member here for yonks now, and have long believed that there will be a major correction at some point. I've been laughed at, mocked, and got into countless debates where it is me vs everyone over property prices, and why they have to fall. However, I am really coming to the end of my patience now and I am constantly getting my ear bent by the wife, etc. Now I don't for one second think property is fairly valued, but at 29 with a wif
  8. So was at a wedding yesterday. Was sat with someone I have known for about 20 years now (I am 29). He is the same ago as me and has "owned" (Read: parents put down a 10K deposit on a £300K house which he had to subsidise out of his own pocket for 6-7 years due to non-payment by tenants and is still on I/O) a house in Bristol since 2002 in which at the age of 29 is still living with 7 other undergrads all around 10 years his junior. He rather smugly asks me when if I am buying in London (where I live) any time soon, to which I simply replied 'Not until house prices in London come down from the
  9. So you would suggest that the repayment rate be higher (say 15% of income) and the costs beter outlined to make students think before going to University? I am not sure it would do anything. I think too many people want to go to uni for a party/ shag-a-thon (All my housemates were there for that pretty much - with the exception of one, they are all sub-30K [some working in London!] 7 years on with a huge student loan still to pay). I and only one other guy I know are the exceptions to this. (It was an ex-poly and we both did a Computing degree). I don't think the pricing element would have sto
  10. Never been to Mumsnet before, but came across this gem: http://www.mumsnet.com/Talk/am_i_being_unreasonable/1541152-Offering-cash-to-those-in-crisis-then-welching-how-ok-is-this un******ingbelieveable
  11. To be honest this sounds more like an opportunity for you to brag a little than being an actual valid point. I think the way it ramps up makes perfect sense. Sure the repayments go up, but on 50K per year, your take- home is near £3,000 per month - hardly living on the poverty line. Being in a similar position, yes the boost will be nice come the end of the year, but it's not exactly 'hammering' one is it? What would you suggest as an alternative? Pay less, accrue more interest, and have smaller repayments coming out for the next 10 years whilst you pay off the balance and all that extra int
  12. The only suprise here is that they lasted so long with websites like Salt & Paper, MP, FunkyPiigeon and so on devouring their market share..
  13. Excellent stuff. I have noticed a massive turn-around in the last few weeks... I think everyone is expecting falls now. I was even reading a rather bearish article in The Economist about European house prices this morning- let's hope it all turns out to be true!
  14. Perhaps they shouldn't be splashing their finances all over the papers if they don't want people commenting on them
  15. Really? I didn't know that. Isn't that what the deposit held in the DPS is for? In any case, I still won't pay a penny to these insurance companies - bunch of crooks for the most part.
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.