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House Price Crash Forum

Lander

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Everything posted by Lander

  1. Faber's Bold Prediction: Both The US And Europe Will Default On Their Debt http://www.zerohedge.com/article/fabers-bold-prediction-both-us-and-europe-will-default-their-debt
  2. Economic reality is starting to bite hard for many 20-30 somethings.. "The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. It will leave an indelible imprint on many blue-collar men. It could cripple marriage as an institution in many communities. It may already be plunging many inner cities into a despair not seen for decades. Ultimately, it is likely to warp our politics, our culture, and the character of our society for years to come." http://www.theatlantic.com/doc/201003/jobless-america-future
  3. So do you think Marion King Hubbert was in on this P.O 'conspiracy'? http://en.wikipedia.org/wiki/M._King_Hubbert
  4. The BofE is going to be forced to jack up rates if we want to preserve our aaa credit rating, no?
  5. People might be able to afford the house initially, but do they allocate for maintenance, repairs and upgrades over the long term? Often not, and this is when people run into trouble. I don't have to worry about stuff like this however. Our shower pump failed last night. All I had to do was pick up the phone and call british gas to come round and install a new one who are coming today. Our LL has a home care plan with them and if any thing fails to do with c/heating, plumbing or wiring all I need to do is pick up the phone to have the problem rectified. It's totally stress free because I'm not worried about how I'm going to pay for it.
  6. I've seen plenty of fair price rentals on the market lately that have been refurbished to a very high standard that will be probably good for at least 5 years -without needing any sort of maintenance work doing.
  7. Servicing a mortgage is becoming impossible for the increasing number of people who have just lost their jobs or had big pay cuts, so in order to avoid getting repoed, they rent out their house and pay the mortgage off with said income.
  8. Sounds like you got a good deal there. There will be plenty more as more rentals start to flood the market.
  9. The savings made by renting vs buying has enabled me to put some cash away for retirement
  10. Our LL has actually just installed a new kitchen and bathroom suite for additional £20 per month on the rent. Not all of them are *****
  11. not sure if this has been posted, but i think it's significant so here it is again Pain in the postcodes as interest rates rise .. http://www.smh.com.au/national/pain-in-the-postcodes-as-interest-rates-rise-20091207-kffg.html
  12. Renting has been a generally positive and stress free experience for me. I've been in the same property for 6 years and in contrast to taking out a massive debt to pretend to 'own' the property, it's been considerably cheaper, And I don't have to worry about things like maintenance/refurbishment costs, interest rate rises, negative equity, job loss, repossession, being thrown out on the street, having my credit rating decimated and all the pain and humiliation that would come with it. In addition, in a worse case scenario, if my partner and I lost our income, we would be eligible for an 80% contribution towards our rent. So, in spite of what the bulls say, renting in these very uncertain times makes sense.
  13. Attitudes are changing in the US towards debt http://online.wsj.com/article/SB10001424052970204409904574350432677038184.html I think we will get there eventually but the process is being hampered here by the media's relentless ramping and conditioning of the sheep that buying a house is still an 'investment'
  14. "though Spain's Achilles' Heel is mortgage debt. same story here, and the US. Our economies are not going to recover until house prices come down significantly. Why can't people grasp this?
  15. War is a racket http://www.lexrex.com/enlightened/articles/warisaracket.htm
  16. Related article-- Israel prepares to strike Iran from Gulf and N. Iraq http://www.debka.com/article/8580/
  17. try this one http://matzav.com/us-sends-ships-and-missiles-to-the-gulf-raises-stakes-on-iran
  18. Looks like Obama is taking a more hard line approach with the Iranians. This could get interesting http://matzav.com/us-sends-ships-and-missiles-to-the-gulf-raises-stakes-on-iran
  19. 'To Let' signs popping up like daisies round here and the houses are remaining available for months. I've also noticed some significant reductions in rental prices on property in nice areas that were not too daft to start with.
  20. Cities, states, and municipalities starting to collapse.. Mr. Bloomberg is proposing that city teachers agree to a much smaller raise in their next contract or face the possibility of 2,500 job cuts. And when asked Thursday whether his position signaled a new era of hard-line bargaining with all unions, Mr. Bloomberg sounded almost exasperated. “The bottom line is we don’t have any money,” he said. “There isn’t money to continue to employ the people we have. Forget about raises — that is so far down the road, it’s not the right question.” Linky
  21. A friend of my girlfriend has just bought a house on tracker, she says if IRs go to 2% she'll have to sell it unbelievable
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