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House Price Crash Forum

sortofsilver

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About sortofsilver

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  1. Well I thought I would check in again since its been around 5 years since I last posted. Still in the same house I purchased way back when and it has supposedly gone up in value by £43000 (according to Zoopla) which give or take a penny means is £118 a week. All things being equal the purchase at this time has on paper paid off. I really don't know what is the best advice is to people that are still waiting for the crash. In my opinion the idea of a mortgage is not to chop and change swapping house after house but to buy one property that suits you and stay put. Over time let the original mortgage (Without adding to it or borrowing the 'equity') inflate itself away the £1000 per month you are paying now will not be worth £1000 in 20 years it may only be the equivalent of £200. I know a lady who said her mortgage was paid off last year sometime I asked how much it was and it was £97 per month. Good Luck to you all.
  2. Hello All I thought i would check in and see what was going on. I basically waited around for years for the prices to seriously crash thinking 30% minimum and then i would snap one up. I waited and waited and waited and life being what it is carried on going past. Anyway the decision was made and having a child kicked it all off. We purchased a house and that was that. What the experience has taught me. 1. When stuff goes tits up it costs a bomb and you have to pay yourself. 2. If you are buying a house with any sort of flat roof (on the garage) you WILL have to replace it. Factor it into a discount from the owner. And when you make the choice to replace it do not have another flat roof convert it to a pitched roof. 3a. Check EVERY single radiator comes on correctly. I didn't and kerching one happy plumber. 3b. Don't buy a house with micro bore heating pipes. See 3a. 4. Check you neighbours out. i.e. A Ritalin kid next door that does not always take his tablets every day. Think of random squawking in the garden for an hour for no reason. 5. Talking of gardens i came from a flat. I hate gardening and mowing the lawn is totally a waste of time. 6. It does not matter how many more rooms you have you can still only occupy one at a time. Which makes me wonder why i wanted the others in the first place. I figured what is the worst case scenario both of us lose our jobs and we lose the house and deposit we saved or years of negative equity and stagnation. Either way i couldn't really give a monkey's. All the best.
  3. Hello All I thought i would check in and see what was going on. I basically waited around for years for the prices to seriously crash thinking 30% minimum and then i would snap one up. I waited and waited and waited and life being what it is carried on going past. Anyway the decision was made and having a child kicked it all off. We purchased a house and that was that. What the experience has taught me. 1. When stuff goes tits up it costs a bomb and you have to pay yourself. 2. If you are buying a house with any sort of flat roof (on the garage) you WILL have to replace it. Factor it into a discount from the owner. And when you make the choice to replace it do not have another flat roof convert it to a pitched roof. 3a. Check EVERY single radiator comes on correctly. I didn't and kerching one happy plumber. 3b. Don't buy a house with micro bore heating pipes. See 3a. 4. Check you neighbours out. i.e. A Ritalin kid next door that does not always take his tablets every day. Think of random squawking in the garden for an hour for no reason. 5. Talking of gardens i came from a flat. I hate gardening and mowing the lawn is totally a waste of time. 6. It does not matter how many more rooms you have you can still only occupy one at a time. Which makes me wonder why i wanted the others in the first place. I figured what is the worst case scenario both of us lose our jobs and we lose the house and deposit we saved or years of negative equity and stagnation. Either way i couldn't really give a monkey's. All the best.
  4. HPC Looms If i had a penny for how many times have i seen this or similar posted here i would have well over £10 pounds. Take solace in the fact that even a broken watch is right twice a day* *Unless its digital or either the big or little hand has fell off
  5. People want what they want and they want them cheap. China is the answer to these requirements. I have no problem with Chinese goods, as you said you are hard pushed to find items that are not made in China. Buy unbranded Chinese goods and you are at the mercy of their quality control and lets face it most of this is about cutting costs. When you buy a Sony, LG or Samsung TV you are paying for their quality control demands because these are international companies that want to be known for good quality and do not want to foot the bill for warranty repairs or being sued.
  6. Been a long while since i have been on here but i still see the same old arguments and discussions kicking around. I have had a child and purchased a house since last year. I did not buy at the peak and we paid a price that we can live with so i am happy. I had a real problem getting over the whole buying at the peak thing and losing money factor, but needs must be addressed. I have realised two things:- 1. You can either afford a house or you can't. If you need the space and can afford one then get on with it. If you cannot then there is not a lot you can do but wait for your situation to improve. 2. It does not matter how many rooms your house has got, you can only sit in one at a time. The rest you will fill with mostly crap. See you all in a few more months, i will be up to my neck in BTL properties by then lol!
  7. I have not been here for ages, i got bored of all the excessive manure. I thought i would look in and wonder how all those people got on with their petrol generators and thousands of canned goods? I must admit i missed all the fighting in the super markets for the last bottle of water in the rolling black outs.
  8. Its a good job they don't combine a couple of your suggestions because if half the posters here were charged a talking sh1t tax they would be bankrupt every week.
  9. I am sorry but to say oil will only go up is silly. Do you remember all those posts last year stating that oil would be $200 a barrel and would never be sub $100 ever again. I got some news for you, they were wrong.
  10. I have not accepted that this was a global problem. A lot of countries made very bad mistakes and ours under the leadership of Labour was one of them.
  11. I picked first and second out of my seven. Pity i did not take my own advice and back Mon mome tw@t.
  12. Having said that my memory is 5hit so it's a 50/50 lol No worries Grumpy
  13. The search function is working. I recall saying that civilisation was not going to come to an end but i do not recall saying there was not going to be a recession. Feel free to prove me wrong!
  14. Well maybe they can tell me what RBS shares are going to do for the next couple off years.
  15. What is gold going to do now the IMF is dumping it? Not that i am that interested, just a thought.
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