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spinoser

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About spinoser

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  1. Money market rates are going up again as of last week, so these lower mortage rates may be reversed! They always lag a bit.
  2. http://www.ft.com/cms/s/0/7ef6fe80-e0a1-11...00779fd2ac.html
  3. The no of reductions is still sharply rising (since the last lot of data had to be pulled for legal reasons) though I can't say how significant this is. Any ideas? Wed-05/09/07 33,905 Tue-04/09/07 Mon-03/09/07 Sat-01/09/07 32,459 Fri-31/08/07 Thu-30/08/07 31,442 Wed-29/08/07 31,695 Tue-28/08/07 Mon-27/08/07 31,695 Sat-25/08/07 Fri-24/08/07 30,281 Thu-23/08/07 28,973 Wed-22/08/07 Tue-21/08/07 28,165 Mon-20/08/07 28,165 Sun-19/08/07 Fri-17/08/07 26,904 Thu-16/08/07 Wed-15/08/07 Tue-14/08/07 25,180 Mon-13/08/07 Sat-11/08/07 Fri-10/08/07 23,156 Thu-09/08/07 Wed-08/08/07 21,517 Sat-04/08/07 20,833 Fri-03/08/07 20,430 Wed-01/08/07 18,317 Tue-31/07/07 19,292
  4. Ta for the prompt replies folks. I literally used to be a bearded sandal-and-pullover-wearing programmer, but left the game before all the current tools were invented so I'm behind the times but curious. I even used stacks of cards at the beginning of my career, and if you think that's quaint, I once had a colleague who claimed to be one of the few surviving programmers to have worked with a soldering iron. OK I'll slip off back into retirement and avoid embarrassing you all Cheers Spin
  5. Any idea how this data is gathered anyone? EAs are often keen to cover up price reductions, let alone put the figures out there to be harvested by bears? Thx Spin
  6. Absolutely agree except that I thought German sovereign debt was also high. Germany has the problems of all aging western industrialised nations (expensive welfare state etc) but they are realistic about the work that needs to be done here and are openly raising taxes to do something about it. In the next global recession, Germany will suffer too (exports etc) but it will not collapse like the UK into a swamp of debt defaults and unemployed 'service sector' workers. Germans still save and think about their purchases... and have less than half the private debt of the UK individuals.
  7. That's interesting. I am also renting in Germany (in a cery nice town in the Rheinland/Pfaltz)... €570 for a newly renovated 75 square metre flat to include ALL bills; local taxes, heat, elec., phone & and DSL phone calls throughout Europe & wireless internet. (Just have to pay for calls outside of Europe.) That's £400ish . With council tax, water and fuel bills, a comparale flat in a nice area of the UK would be well over double. Thus iI's not just prices but also rents that have gone crazy in the UK.
  8. Realistbear, I've read some of your posts with interest and broadly agree with your views and hopes. However I am concerned that whilst the UK housing market is a very risky place atm, there are some demographic and economic factors that might mean that previous downswings might not be a model for the next one. The main reason might be the growing maldistribution of wealth could mean the richer part of the population slowly accumulates more property (from distressed sellers or whatever). The sellers become renters and thereafter continue paying money to the landlords. There is a vicious circle here that accelerates the division of society. Governments have fostered this in many ways by switching rates (a wealth tax) to council tax (an occupancy tax). This meant landlords suddenly found some maintenance costs bourne by tenants. BTL for your own pension at the expense of your tenant(s) who won't even own their own house (unless they pay the inflated prices) let alone be able to organise their own retirement funding.... many other factors like this will be ongoing and could work against a HPC or am I way out?
  9. RB, I've read some of your posts with interest and broadly agree with your views and hopes. However I am concerned that whilst the UK housing market is a very risky place atm, there are some demographic and economic factors that might mean that previous downswings might not be a model for the next one. The main reason might be the growing maldistribution of wealth could mean the richer part of the population slowly accumulates more property (from distressed sellers or whatever). The sellers become renters and thereafter continue paying money to the landlords. There is a vicious circle here that accelerates the division of society. Governments have fostered this in many ways by switching rates (a wealth tax) to council tax (an occupancy tax). This meant landlords suddenly found some maintenance costs bourne by tenants. BTL for your own pension at the expense of your tenant(s) who won't even own their own house (unless they pay the inflated prices) let alone be able to organise their own retirement funding.... many other factors like this will be ongoing unless there is a return to post-war democratic socialism! BTW I live in Germany where prices are sane (you can buy a good large detached family house for price of a small terraced house in a comparable location, and there's no rush to buy because real prices are level for many years and rents are reasonable, accommodation is high quality (and landlords are too... good regulation of rental sector suits both parties). We rent but keep an eye out for a special house. Character cottages/farmhouses which are the stuff of dreams in the UK can be had for as little as a few thousand € if they need renovating! http://www.alteshaus.com/ Cheers S
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