bryanh

Or when average house prices drop by 50%

So who did they call a c#nt then ?

This is comparing one mega overpriced sh!t hole with another mega overpriced sh!t hole, no bargains there, just overpriced sh!t holes, even more evidence that when the bubble pops its gonna pop BIG TIME like a mushroom cloud over UK PLC

The GBP fell today against most of the major currencies http://newsvote.bbc.co.uk/1/shared/fds/hi/...ncy/default.stm The GBP should have gone up with the IR rise, WTF is going on ?

It's not tax on interest payments, but a tax relief on the money spent on interest payments at the moment.. Non BTL people pay tax on their interest payments before they pay, via income tax

And always has been. When I was homeless 10 years ago and went to the local council to find houseing their reply was - "Yeah OK, what do you want us to do about it" This was before "immigration" as such, so this bloke stands no chance.

yes it does ;-)This, IMO, proves this is not just a HP bubble that's affecting the "lower classes", but a HP mega bubble that affects every one other than the mega rich. When it bursts it's gonna be big.

This just proves how desperate the developers have got to arrange these seminars. (and how crazy people have got) Was it AMRO or some such name that had seminars, that people used to come out of thinking they were going to become multi-billionaires within six months for an outlay of a £fewhundred ?. These seminars are just to brain-wash people, maybe this could become another mis-selling scandal

Maybe this should read the first debt richest country in the world

And can I get compensated for the fact the bank wouldn't lend me enough to buy a house in 2000 and now stuck renting instead of repaying a reasonably low mortgage ? (i.e compensation for not being able to make a good investment)

Just sent email to Viva Estates as follows, Hello Viva Estates I would like to buy a holiday/appartment type property in southern Spain but don't really want to spend more that about £20k. Do you have anything on your books at the moment, or do you expect anything around this price on your books soon ? Thanks Bryan Will let you know (if any) the reply.

I wanted to buy a 2 bed house (£65k) in 2000, but because of being on a lowish wage at the time, couldn't. By 2003 and after being promoted etc I was earning more than enough to buy the same house (£74kish) if HPI had run at 3 or 4% yoy. But the same house now is £140+k and I'm still on a basically the same wage after inflation. If there was a HPC of 50% tomorrow then that still means I'm at least 4-5 years behind on mortgage payments compared to if I had been able to buy in 2003. The point I'm getting to is that it means 4-5 years more full-time work, no semi retirement working p/t at B&Q and no chance of early retirement. If the government did engineer HPI and it could be proved, and in doing so means that people have to work later in life (remember this is your time, and you only get it once) there could be a case for compensation. What do you reckon?