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About BTLlivingthedream

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  1. No it's not. Despite the doom and gloom on here most of the country works hard and gets on with life. People make ends meet, fall in love, have kids and die. Most of the posts on here are little better than the drivel pouring out of the daily mail. This is a great country anf it's full of opportunity. Stop waiting forever and make the change today.
  2. Be careful all you 'wait and see'ers'. There are a few posters on this site that post reguarly and are the 'gurus', but these guys are no better predictors than the stars. You may as well take up astrology to predict when house prices will fall or rise. Oh wait, one of the gurus already does that: http://www.greenenergyinvestors.com/index.php?showtopic=6206 Lol. Seriously, there's shortage of decent quality homes and the very low IRs have meant there are far fewer forced sellers this time round. Lack of supply leads to a standoff, and when nice properties come on they fly off the market VERY quickly. Ive said this before, but do not wait forever or that inevitable crash. This is a form of mental millenarianism. If you can afford a decent property that you are happy to live in for 5-8 years, go for it (and make sure you get a good long term fix). as always, DYOR and DO NOT rely on the gurus on this site...cos for all you know they are merely reading the stars !
  3. Put people onto ignore. Dont clap the book burners. Jeez. Group think...must have group think.
  4. IMO, we've shaken out the worst of it. I see a number of years now of slow grinding falls. Over a 3 year period anywhere between 0-20% DEPENDING on where you are and in what property class. Will the new build, ex-LA sector, 'aspirational flats' in crappy areas etc continue to slide: you bet. However, decent family homes in decent areas will hold up much better. They may flatline or slide a bit, but the chronic lack of supply of these types of homes coupled with very low IRs means that supply will continue to be strained IN THIS PROPERT class. Here's a little test. Run a search in relatively affluent parts of the SE for decent 3+ bed family homes. I bet you'll find that these are a) in short supply selling, albeit more slowly and c) prices holding well. My point then is that you can continue to wait for that golden moment if you want a NB or ex LA house. However, if you want a decent family pad and if you see one that you can afford today, i'd jump in. At the first whiff of economic recovery IRs will be going up, possibly sharply. Weve had 2 years of severe falls and now hit a flatline. Sentiment is begining to change: just read the press etc. It's up to you, but dont miss the boat this time.
  5. This board was set up in 2003, and people have been saying that the 'big crash' will come in [insert year here] since then. Fact is, we are dealing with numerous economic variables, and so far you guys have had a pretty decent crash where we've shot back to 05 prices. We may have a few years of flatlining / stagnating prices to run, but in the meantime IRs will rise (which means servicing your lower mortgage will in fact cost you more than servicing a higher debt on lower IR); you are still spunking rent money and you are still living in rental insecurity. My message is simple: buy if you can afford it especially if you see a decent family home as these are in v short supply. Dont wait forever for that 'magic moment' when all you housing dreams will come true and those friends / colleagues who doubted your housing wisdom will be made to see the ultimate truth. Seriously people, you need to shake the faith.
  6. Many people are not risking it all to get on the ladder. The majority of people have more than manageable mortgages, and the worst prices crashes are in those sectors where the 100+ LTV loans took place i.e. new build / BTL sectors. If you can borrow 3.5 times annual salary then it makes sense to buy if and when it feels right for you to do so. But there's a major gap between staying in insecure rental and borrowing 5-6 times. That's the scare LTV that many people on here band around, but which is simply not true in the maj of cases. It may not accord with your dreams of financial meltdown but it's the truth.
  7. How are those Honk Properties doing Bubb? Still relying on the stars to make your predictions?
  8. Quite simple: when you see a house you like and that's affordable and it makes sense for you then buy it. You can spends years clapping yourself on the back paying low rents and squirreling away your money, just like loads of people on here do. Or, you can realise that quality housing is in v short supply coupled with a very low IR environment that aint gonna be here forever. If you see a place and its makes sense then buy, and try and lock into a low IR. good luck.
  9. You might if all you had to eat for years were carrots and that bag of crisps might cost you 6 pounds next year and there was no guarantee that there will be any nice packets left. Good luck on the carrots.
  10. I feel for you. You work v hard, earn good money, have a family and still cant afford. Bad situation. How about relocating? does the other half work ? are there really no areas that you'd want to live in? Longer commute? Either way, GL.
  11. TBH this strikes me as mad. You are effectively going to miss out of one of the most important assets you can posses, and instead stay in the insecure rental sector where you cant even bang a nail in the wall without your LL's permission? Crazy and a bit bloody minded IMO. As the OP notes, supply is incredibly restricted esp in certain property classes ie. older type family homes. That coupled with VERY low IRs means that the edges of the crash have been insulated quite heavily. My advice, fwiw, to you and anybody that can afford it is buy in a good area if you can afford it. If house prices have been relatively stabilised in this current economic climate, it tells you something about supply and demand. When we start to recover economically, where do you think house prices will be then? good luck in the rental sector...
  12. fwiw, dont see there silently fuming. If you see a house that you like, and you can afford it then buy it. No matter what the wet dreams of the uber bears on here are, the fact is that there's very little decent housing coming on to the market and the historically low IRs have staved off the worst of the crash. Even the recession will most probablty be on the way out this time next year. You can ofc wait forever for that extra 5% or whatever drop, and put your life on hold. Meanwhile, you are still paying rent. Or you can grow a pair and take the plunge. I used to be one of the biggest bears on here. I still think that we have falls ahead, but not much to go and supply is very constrained. So, the mantra applies: if you can afford it, it's future proofed (i.e. good area, room for family etc) then go for it. And remember: location is key (and also avoid ex-LA and new builds). ,
  13. /agreed 100%. If these are such non-jobs then why dont you apply for them? Apparently you need little to no skills, and you just sit around all day getting paid big bucks. The fact is most of the daily mail reading dross on this site are so clueless and unskilled all they can do is sit around on a website moaning about how unfair it is instead. Oh, and another thing. When you are all getting wetdreams over these 'non jobs' just remember the billions of pounds going into the 'private sector' each day.
  14. Hello monkey man. Your post drew me out to say thanks. You, along with a few others, were always stimulating and worth reading. This site has now degenerated quite a bit where far-right hatred of foreigners, the EU, Unions, the public sector etc seems to pass for common-sense. This and the heavy handed moderators means I never post here anymore and hang out on more stimualting house price crash boards. Once again thanks. Thanks also to Spline and wrongmove and a few others.
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