dredwerker

Then I see this - no wonder people get confused. Obviously they have a VI in prices going up so I don't personally believe it. I have never heard of Persimmon but they have a website and they are buyng land on it - http://www.persimmonhomes.com/

You might try the internet archive: I tried tescos as well. Sainsburys 2000: http://web.archive.org/web/*/http://www.sainsburys.com Soft Drinks SRC= SRC= Offer Products Offer Price End date Buy 2 for �5 Nescafe Granules 200g �3.25 14th April Buy 2 for �1.99 Diet Coca Cola 2ltr �1.18 14th April Buy 2 for �1.99 Coca Cola 2ltr �1.18 14th April Buy 1 get 1 Half Price Schweppes Bitter Lemon 1ltr �0.85 14th April Buy 1 get 1 Half Price Schweppes Slimline Tonic 1ltr �0.85 14th April Buy 1 get 1 Half Price Schweppes Tonic 1ltr �0.85 14th April Buy 1 get 1 Half Price Canada Dry 1ltr �0.85 14th April

I am worried about affordability. Not just buying. On a second point I looked at a job that paid a tad under £100k (Freelance) but would mean commuting and losing most of my day. Thats really the only kind of money where I dont care what the price is and I can ride a £50k loss. I prob would still rent as why would I want to lose £50k+ if there is a correction(when ) I am worried really worried about the economy. I was only a mature student in 2000 and I have student debt late in life and no house. I could be fine in the short term but i lost the lot in 1999 and I wonder if its going to come around again.

I meant whatever happened to homes instead of an investment, as you called it.

Whatever happened to homes ?

In that case Moulsecoomb is next to a station and should have a great load of commuters

Thats not what I meant. Some of Hove Park is in the millions and Moulsecoomb isn't Nothing to do with Hove Station. Anyway I dont want to fight. IMHO Brighton and Hove is overpriced. I also hate the doom and gloom side of the crash prediction. I know a couple that were being told to get a 125% mortgage surely this is bad as a whole. This sort of thing must be an indicator that there is froth if not an outright crash again IMHO I think Keynes or someone like that said you have to bet against everyone to win or something like that anwyay.(What a great quote)

It wouldnt be bad for a couple of bus drivers. No disrespect to bus drivers. The trouble is they couldn't afford it on one wage or one and a bit(part time or minus childcare). That was my point. That house on the rightmove link is in quite a scary part of town. As my anecdote says - you couldn't actually sell in those areas a decade ago. Maybe I am being deliberately trolled - hey I dont know Hove park is a long way from Brighton town centre if Moulsecoomb (Hove park is dear for those not in the know). I am not sure what that had to do with anything.

I love this post. I was ranting at the tele about the 500k chiswick lot and the spendaholics as well. I went and read HPC for a bit of balance.

I lived in Brighton most of my life and I am 35 now. I had a house around 1999. I bought a 4 bedroom house in westdene(Borders an expensive part of Brighton called Withdean) for 95k and that was sold a year later for £146k due to divorce and lost job etc.. I think its now selling for around £280k. IMHO opinion I got it very cheap - Though I nearly bought a 3 bed down repo down the road for £60k six months before that. So there were repos just before 2000 - people have short memories. Now I agree somewhat with adibrown that Brighton has changed. It has become a city and so forth but I still reckon my old house is only worth about £150k. I think it would cost £100k to rebuild it and a parcel of land sold up the road for about 50k several years ago. I will not pay £280k for my old house(or one like it) I dont think the people would like me stalking them I do have to get out of the mindset that a 4 bed should be £95k unless we go up north. We are all my taxes go anyway. Anyway I pondered some more and invented a fictitious first time buyer couple for brighton: £18353.40 5 days a week bus driver £36706 two fictitious bus drivers 3058 2400 after Tax 1200 If they have a child Monthly repayment of £1270.85 @ 6% interest and IO of £974.75 on 194950 With a generous benefactor giving them a 10% deposity monthly repayment is 1205.56 or 924.75 IO This an example of a what this money would get you: http://www.rightmove.co.uk/viewdetails-501...=1&tr_t=buy This a 10.62 multiplier for the one salary and obviously 5.31 for the two of them. No kids for Mr and Mrs Brighton Bus driver even if they can afford the pokey two bed house. I lived in Brighton most of my life and I am 35 now. I had a house around 1999. I bought a 4 bedroom house in westdene(Borders an expensive part of Brighton called Withdean) for 95k and that was sold a year later for £146k due to divorce and lost job etc.. I think its now selling for around £280k. IMHO opinion I got it very cheap - Though I nearly bought a 3 bed down repo down the road for £60k six months before that. So there were repos just before 2000 - people have short memories. Now I agree somewhat with adibrown that Brighton has changed. It has become a city and so forth but I still reckon my old house is only worth about £150k. I think it would cost £100k to rebuild it and a parcel of land sold up the road for about 50k several years ago. I will not pay £280k for my old house(or one like it) I dont think the people would like me stalking them I do have to get out of the mindset that a 4 bed should be £95k unless we go up north. We are all my taxes go anyway. Anyway I pondered some more and invented a fictitious first time buyer couple for brighton: £18353.40 5 per annum days a week bus driver £36706 two fictitious bus drivers per annum £3058 per month before tax £2400 per month after Tax Roughly £1200 per month If they have a child Monthly repayment of £1270.85 @ 6% interest and IO of £974.75 on 194950 With a generous benefactor giving them a 10% deposity monthly repayment is 1205.56 or 924.75 IO This an example of a what this money would get you: http://www.rightmove.co.uk/viewdetails-501...=1&tr_t=buy This a 10.62 multiplier for the one salary and obviously 5.31 for the two of them. No kids for Mr and Mrs Brighton Bus driver, even if they can afford the pokey two bed house. This example house is near or in Moulsecoomb. My great uncle's house wouldnt actually sell for £30k(in Moulsecoomb) in the last crash. It just stayed vacant. I know a guy who earns 12k I believe as a lifeguard and another girl who is a Teacher's assistant and they share a house with another guy. Two of them couldnt really afford to rent here let alone a mortgage. The rub here is that the rent is £950 per month and the house is £250k 3 bed semi. Even on IO @ 1050 per month the landlord would be subsidising them. rant over o and BTW the house I originally looked at round the corner from me the "250k 3 bed doer upper sold within a week" for anecdotals. The one opposite hasnt sold for a couple of years - go figure.

Brighton and Hove Anecdotals My Mum is selling to live in my flat which I currently rent from her. Currently a similar house (three bed semi) went for : 25/05/2006 38, Hove, Brighton And Hove, BN3 7 £265,000 She bought the one bed flat I live in for 35k as a “doer upper” with water damage seven years ago. These are two others in my block which are similar : 19/12/2003 128 Hove, Brighton And Hove, BN3 8.. £118,000 20/09/2002 128 Hove, Brighton And Hove, BN3 8.. £91,000 08/11/2001 132 Hove, Brighton And Hove, BN3 8.. £97,000 There are some dates missing from ourproperty.co.uk as I know two in my block have sold recently I think we are in the realms of £130k now. As she wants her 1 bed flat I thought about doing an IO for a moment there. The old emotions took over. These are in the same road. 12/07/2005 22 Hangleton Lane, Hove, Brighton And Hove, BN3 8AH £305,000 26/11/2004 6 Hangleton Lane, Hove, Brighton And Hove, BN3 8AH £282,000 It was a £250k detached “doer upper” and at £1050 per month IO I thought why not, a two bed flat in brighton is circa £750 per month. IO is what is keeping the market inflated I believe. Repayment would be £1400. Then I thought of the doing up costs, the downside risk and the obvious imminent HPC and I didn’t even view. So my two points are: 1) It is hard not to buy, due to the emotionals. I want a home for my daughter and girlfriend and when the “what the heck stop being so gloomy gene kicks in”. HPC is a great boon to stop one buying yay for HPC. 2) My mum is going to take out £250k (a quarter of a million pounds and downsize) . I guess there are a lot of widows that will think along this line even though they don’t own. Two more anecdotals 1) Regarding moving abroad. A guy came to work as a temp in my dept. before he retired with his pension cashed and house sold (250k) to live a more simple life in the warmth of Portugal. He believed he could live on £6k a year that’s a lot of years from £250k. 2) A friend’s folks are giving him the 10% deposit from their house I assume for a £280k newbuild flat. This money comes from selling downwards in London. I suppose this sort of input will inflate Brighton and Hove.

Hi all Finished lurking and thought i might chip in. Details: 35 yr old bloke with no house. Not quite a FTBer coz I had a house years ago and lost it due to loss of skills(bleedin IT), divorce and so on. Live in Hove and want to buy in Brighton or Hove. Could buy on IO but I think IO morts are evil. I think this is what is stopping the market from slowing. Will post to anecdotals.