nohpc
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Posts posted by nohpc
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Good for London property owners
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I assume there must be other reasons for you moving to Bulgaria other than houseprices. I cannot think of one good reason why you would move there unless there was a compelling reason. You will be leaving all your family and friends behind just so you can live in a big flat? Wouldn't you rather rent something smaller in an area in the UK which you enjoy?
I think you need to live your life and do what you want to do. By your arguement why move to Bulgaria. Why not move to outer timbuctoo if all you need is the internet. You can buy a nice flat for 1000 quid.
Actually.. your story doesn't quite add up and I don't believe you are moving there just so you can live in a 37thousand flat.
And remember, you get what you pay for and bulgarian workmanship is well known for being shoddy as!
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Inflation is on the way back down. Otherwise rates would have gone up again. Rates have probably peaked at 5.25% but one more rise may be required. I still think they will end the year lower than they are now.
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That's one way to control inflation! They might as well try something like this they have nothing else to lose at this stage. Maybe next week they will make another law that it is a crime not to decrease your prices by 1percent each week.
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How times change.
In the old days girls like that just got a husband.
They did a study in glasgow where apparently the average 18-30 year old female has 12thousand pounds of credit card debt and the most common answer to "how are you going to pay off your debt" was "get married". I kid you not this was in the evening times.
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lol realist bear. You are possibly the most ******** investor I have ever met.
I can't remember what I wrote there but I'm pretty sure it wasn't anything offensive. Are there any banned words on this forum?
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When you see the profts of the banks for 2006 it would hardly appear that bad debts have harmed them at all. Anyway they can always take your house and sell it. Even if they sell it for a reduced price they have still taken a lot of interest payments to partially cover this. Can't see banks being that badly hurt by bad debts to be honest.
I wish people would quit with this America is a barometer of what is going to happen in Britain rubbish. Britain is closely linked with the whole developed world and is influenced by many as well as having great influence. I still do not see any evidence of a significant economic downturn in america. Their economy is predicted to grow by approx 2 % this year which is not bad all things considering.
The american consumer continues to spend like there is no tomorrow. Not the behaviour you would expect if there were so many going to lose their houses when their ARMs run out. I think the whole thing is just hyped up so much. The world is gonna be okay in 2007. 2008 we're all getting nuked though!
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This is one of the main disadvantages over renting and why people will always want to own their own property.
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Florida has good and bad areas. The good areas are still doing well.
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lol realist bear. You are possibly the most ******** investor I have ever met. You will find it very hard to make any decent money with such a low risk attitude. I can't believe you are seriously thinking about investing the majority of your money in american dollars. I feel that you talk an extremely good game but occasionally you come out with the biggest load of xxxx
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I had to rent out my property out in North London when I came to NZ for a year and people were competing for it. I am renting it out through Foxtons and when they told me what they thought they would achieve for it I said I didn't think they would but within 2weeks they had people lined up.
People who bought rental properties in stupid areas deserve what is coming to them. It is akin any bad investment. I am not sure BTL will suffer as much as everybody thinks it will but instead I think BTL investors will be more keen to put money into popular rental areas.
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I don't think the UK housing market is linked to America in any way. If you liken a market crash to a cold or flu then you could say that Britain has a much stronger immune system than america.
Prices in the right areas in America are still going strong. It is only the duff areas where nobody would want to buy unless they could make a quick profit which are now crashing. I think there is evidence of this already happening in the UK but the decent areas as in America are unlikely to decrease.
The Number Of Buyers In London Is Up,
in House prices and the economy
Posted
Wasn't being sarcastic. More buyers is clearly a good thing. Obviously people are going to be tentative about dipping their toes in at the moment but all it will take is another rate cut or stable rates for a while and people will chill again.