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yvonnechristina

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About yvonnechristina

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  1. Just received ad by email from Bradford and Bingley today....is this a sign that the Bradford & Bingley don't expect great gains in house prices?..for example, does anyone know was this kind of bond on offer 5 years ago? I doubt it... Dear Miss, Are you hoping to cash in on the rise in house prices and want the security of a guaranteed return of capital? If so our new 50/50 Property Bond could be right up your street, with a fantastic savings rate plus a guaranteed capital return, coupled with the potential to gain from any rise in the Halifax House Price Index (HHPI) Watch your savings build and build... - A one year fixed term bond, paying a fixed 7.00% pa gross / AER* on half your investment and; - A five year House Price Bond, paying 110% of any gain in the Halifax House Price Index on the rest Key Features - Capital Security – whatever you invest you get back guaranteed - Minimum opening balance £1,000 (£500 per element) Maximum £250,000 (£125,000 per element) - Easy to open deposit savings account - No additions or withdrawals permitted during the term of either element Act today – this is a strictly limited offer This opportunity is available for a limited period only so act now to make sure you don’t miss out. The closing date for new applications is 4th September 2006. Log into your account for more information on the products and details on how to apply https://savings.bradford-bingley.co.uk/brad...tml/n/start.asp If you have any queries or need any further assistance please do not hesitate to email us at: [email protected] or call 0845 601 7802**. Our office is open 8am - 8pm Mon - Thurs, 8am - 6.30pm Fri, 9am - 5pm Sat and 10am - 4pm Sun. Best Regards,
  2. Playing the waiting game is frustrating. However, the tide eventually seems to have turned and house prices now seem to be stagnating (at best) and overall are falling in price. I was worried previously about waiting and holding off when at times they were just reaching higher and higher and higher. This pattern now at least seems to have stopped - they appear to have peaked (and are totally unaffordable for the majority of first time buyers). Economic forecasts for the next few years aren't good and it is doubtful that they can be maintained at such levels with first time buyers being priced out of the market. I did used to get very frustrated waiting for prices to drop. However, if you decide to rent or get on with your life and do whatever you want to do whilst keeping an eye out on the prices then there is no need to get so bothered about it all. I used to worry about having to wait for years for prices to drop significantly (I think it probably will actually take about 3 years for them to go back down to more reasonable levels), now I don't worry about it and am happy to rent and wait for prices to become more realistic.
  3. Oh no house prices according to that article could just go up and up and up (just like a balloon) - May be it's me but I thought that what goes up must come down....I can't see house prices going up and up and up from this point on. They've already reached their peak in my opinion. Rising unemployment, economic recession is just around the corner. Give it until after Christmas... Although who knows perhaps the price of a house will be 3 trillion pounds next year but if that's the case then who wants one anyhow and just how many would be sold at that price? Better to rent that tie the noose of obscene debt round one's neck
  4. Best thing that young people can currently do is rent. Who wants to be saddled with a huge debt working your whole life for a crappy 1 bed flat..NO thank you. Renting is getting increasingly affordable. My mum who is a staunch believer in getting on to the property ladder and has sleepless nights that I will forever be without a real home of my own recently tried to convince me that my boyfriend and I would be better off buying a place in London than 'throwing money away' renting.....Until....she did her sums. Then she couldn't believe that in reality anyone who had bought one of the flats that we will be renting and is renting it out- as a landlord would not be making a profit but a LOSS.....These are new builds by the way. Who knows with rents going down and being more and more negotiable, how long until we get like Germany and France and don't care about owning homes at all if rent gets really cheap? I think some young first time buyers just get caught up in the British make up of wanting to buy a house despite the OBVIOUS lack of financial sense that this currently makes. I have a friend who has just bought a 2 bed flat in south London with her boyfriend for 380k (they thought they were getting a bargain as the full developer asking price was 420k)...The developer was also offering 20k deposit if people completed before Christmas....I wonder why they are offering deals like that, could it be that they fear that the cat will be out of the bag in the new year and that full news of a recession will greet us (I reckon). My friend and her partner probably have a joint income of 70k but had 80k saved up. Even so, in the next few years, job security is no sure thing, if one loses their job, maintaining high salary levels is no sure thing either.....and keeping those INTEREST ONLY (doh doh doh) payments up is not going to be easy. Yvonne
  5. More plop from the great government mouthpiece - The BBC. Even when we reach the point of houses falling 30% - they will still be publishing nonsense to try and keep the market going. The more they try and put a positive spin to cover up the real truth the more obvious it becomes.
  6. If anyone else wants to email the Times to complain another email address is: [email protected]
  7. Shockingly biased reporting! Have just emailed the Times the following on email: [email protected] I have to say that I was shocked and stunned to read the Times Article on the UK property market http://property.timesonline.co.uk/article/...31900_2,00.html which purports to take a serious look at the current state of the market. Does the writer of this article perhaps have a substantial property profile? Otherwise, it does beg the question as to why the evidence base is 99.9% based on businesses and organisation's opinions who have vested interests in the property market. Shamefully poor and biased article. An insult to the intelligence of your readers. As a previous reader of the Times I will no longer be buying your paper.
  8. Can't believe it - just read this article in Times. Has anyone else seen it? Completely biased reporting. The article focuses on the opinion of 99.9% vested interests....it seems a bit of an insult to Times readers to be writing such utter biased garbage. Editor must have quite a property portfolio I reckon! http://property.timesonline.co.uk/article/...31900_2,00.html
  9. I have worked previously for a local council in their IT department, and was astonished to find that in terms of equipment, that they had more state of the art up to date equipment than I had come across in the private sector. In fact I came across people in IT who because they were managers had bought various new gadgets which weren't really warranted - all at the expense of the tax payer. Also, the local mayor had his own chauffeur - is this really necessary? I think that if one were to look across councils you will find that they are full of people who spend the money because it is there and don't really think about where it comes from. Fact is, it is not reasonable to pay chief executives etc in the public sector private sector salaries - there should be an element of people working in these jobs because they want to make a difference not because they want to receive a fat cheque at the end of the month. Yes, of course they should receive a reasonable wage but shouldn't get the same as the Chief Exec of ICI. Council tax is way overpriced, and unaffordable for lots of working people, perhaps it needs another approach like the Poll Tax when people say enough is enough and stop paying. Or pay like £75 a month and say that's it.
  10. I have just read a separate post about campaigning/taking action. I love the idea of an overnight campaign in a suitable London area - a London park for example...We could all set up wendy houses and placards. I guess what is also needed is a pressure group web-site. I am all for setting one up - What is probably needed is a group such as this with resources/time to set up and co-ordinate campaigns. I think a march or overnight protest could be best co-ordinated via this site. In terms of contacting groups to establish interest - I am more than willing to do this. Do we have a date?
  11. Great idea re Wendy houses - placards, wendy houses and overnight sleepout/pyjama party to campaign for affordable housing /against homelessness. Getting support and charities such as Shelter etc involved would also be great. How about Hyde Park in London or another London park? Hampstead Heath? We could make it a media orientated event but have some fun in the process!
  12. I think a march is a great idea....and would get publicity. Action is always better than inaction. Yes, this bubble is due to burst. However, with the government coming up with all these new bizarre schemes trying to keep the bubble on the go they need to get a wake up call from disgruntled would be first time buyers in this country and also poverty stricken young struggling hard working families. You could always get people to email to register before the march to ensure a good turn out - I'd be there! Surely housepricecrash could target other groups such as student groups and housing charities etc for support. As these ridiculously high house prices are making the problem of homelessness worse in this country I believe. Has anyone tried contacting Shelter or groups such as the Rowntree foundation to test the water?
  13. Working people should naturally be better off than those who can't work or don't work. However, I am not convinced that this is the case in our society. I have seen many cases of women without partners for example with children who have thought about getting jobs or gone back to work - only to find out that they are better off on benefits. Also, I think that the benefit system has swung way too far in the direction of way too much is handed out to groups such as single mothers who basically make a career choice to have a kid so at least they get a type of freedom in being able to move away from home and have their own place. Whereas single working people without children, may now have to stay at home until the age of 45..... If this government doesn't offer some incentive to young working people, I do wonder how many muggings will keep working for nothing, just paying the bills forever.....with no hope of the basic needs or desires such as being able to buy your own home (no one is talking about palaces just a fair reward for a fair effort). In such a culture, honest hardworking people are also basically being outbred by those that make a career choice for a benefit culture as most honest hardworking young people can't actually afford to have children. What will be the end result of this in terms of society overall? Where will crime levels be in 10 or 20 years.... There is a great need for a pressure group of some kind - perhaps focusing solely on housing, perhaps on wider issues for younger people as a whole - student debt, looming pensions crises etc. As this society is being run by a bunch of well off, out of touch, middle to upper class 50 and 60 year old who basically don't have a clue. Younger hard working people need to start claiming some rights.
  14. I am no economist so don't really understand the ins and outs of when it is decided to cut interest rates. However I do understand that if you look at economics, life in general etc etc nothing stays the same for ever and that things tend to follow a boom and bust cycle. House prices in this country currently make no sense.....you can keep a situation going for so long but eventually something has to give. The economy is in a state - jobs are going, people have overstretched themselves. Even the government is pulling the plug on public sector jobs which have kept things going for a while now...It looks like a recession is on the way....all signs point to this. House prices are already starting to fall but they have a way to go yet until they become affordable. People on good salaries still can't afford to buy.... What does it matter if interest rates are low or go lower if you have no job so can't get a mortgage anyway? With increased job insecurity I would imagine that people are alot less keen to financially overcommit themselves.
  15. I work in London and have to say that I truly hope that these terrorist attacks are stopped and do not continue. If they continue then London could become like Israel and I can't imagine that there are millions of tourists queuing up to go there. A sustained attack would affect tourism as people don't really want to go to potential danger zones (how many of you have recently booked a holiday to Iraq?). Also it would have an effect on all sorts of business in London - shops, restaurants, cinemas, theatres etc etc. I would also imagine that these terrorist activities will be knocking London Underground profits as from what I have seen loads more people are either walking, or cycling or driving to work now. What is the congestion charge (in terms of price to pay) for having the secure knowledge that at least you aren't going to get blown up on the way to work. Central London house prices and rents could increase in the face of a sustained attack. However, I think that any effect on house prices would be more down to the overall knock on effect on the economy. Add all this to an already struggling economy and it doesn't look good. Personally if attacks are sustained I will have to take a view as to whether I want to work in London. All the media is currently going on that people should defy the bombers, but tell that to someone's family if they got blown up. I wouldn't go work in Israel and if London turns in to the same kind of scenario I would seriously consider taking some time out (Hey at least because house prices are so ridiculously high I don't have the issue of a huge mortgage to pay anyway!). However lets hope that this situation doesn't go on - if it did it could cause terrible problems not just in terms of the economy but also in terms of race relations.
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