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WontGetFooledAgain

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Posts posted by WontGetFooledAgain

  1. We don't actually live there yet as we are currently living abroad due to work.  We would like to live in the Wootton area but prices are a little outside our range!!  We can wait a few years for the prices to get a bit more 'Normal'!!  I have been keeping my eye on them on Right Move and there is definitly more for sale now.

    Ah Wootton, nice place, great for the kids, I lived there from 95 to 99, bought a 4 bed (Bryant) at 103k sold at 135k.... now valued at 250k

    Most people were in negative equity still or just climbing out of it when I moved there... I on the other hand had saved a 20k deposit.

    Good luck!

  2. I am currenctly renting 20KM north of Perth. My rent is the same as a 25 year repayment mortgage of $250k (assuming 100% mortgage)

    The house has 5 beds, overlooks the Indian Ocean, has pool and garden maintenance thrown in. And get this it is "worth" $900k and belongs to an investor living in singapore. He bought new in 1993, for around $350k.

    I have a 2 year lease and he can't raise my rent.

    Denial phase in Perth currently, but that will change. 350 sqm blocks selling for $400k (165 sterling), same again for a house to be built on it which leaves no garden.

    Sitting this one out and looking to buy circa 3 years from now.... in the meand time 5.25% on my capital!

  3. That is my local wrag, Lincoln is an awful place, normal headlines are such as 'lawnmower stolen from shed' or 'Local man battles influenza'.

    Basically it was a rural backwater with steady and cheap sales, but was awoken to the growth in th emarket everywhere else coupled with a doubling of the size of the University (read polly).

    Things are on there **** big time here, nothing is moving. It is gonna be a big fall next year, it took me over a year to sell and the house went on in July 2003. The lower end of the market was the most bouyant with people BTL for students, now there is an oversuply. Local people here earn £15k on average, Lowest rpice livable house is around £110k.

    They will do anything to revive the market. Hnece this very silly article, it is typical of the mentality here.

  4. Todays rag is out and normally features half a dozen or so SSTC slapped across pictures per agent.

    This week, 10% reduced stickers, 30% New, only count 3 SSTC in the whole paper the rest are aslo rans.

    The biggest agent and my nemesis are running a whole page - we sell more than anyone feature incorporating 'look one of the publications we advertise in has given us award'

    Completed today on my last property, that's it now I am liquid. Phew that was close.

  5. I despair sometimes

    It's less than 4 years since rates were at 6%, yet now they rise to 4.75% (still around the lowest levels for 50 years) and suddenly we find people coming under pressure with their repayments.  As well as numerous vested interest groups complaining about "cripplingly high interest rates". I mean hello! Is this thing on!

    Interest rates are still at emergency low levels in response to the 2001 attacks in New York and the dot com bust the previous year.

    High interest rates are 10% plus, not 4.75%.

    Could not agree more, it would not even be conceivable in the early 90's ...

    I fixed at 14.65% (1991 I think) on a £56k mortgage, that is nearly £700 a month in interest alone. Add to that a rather miss-sold endownment we did not go out much.

    Variable rates were 16% at the time.

    Forget crash, it would be armageddon if that happened again.

  6. A few.  My Greek neighbours in suburban Melbourne were constantly sent abusive letters and received abusive phone calls from residents in our street who wanted the "wogs" to go home.

    My mother-in-law has said she would never buy a house if she knew that "Darkies" lived next door becuase they are all alcoholics.

    Of course a great deal of Aussies are not racist and are tolerant, the problem in my opinion is that basically the Howard government is instutionally racist and with it's policies has fostered a growing wave of intolerace in Australian communities.  This wave is allowing people who have these kinds of views to start to feel that they are acceptable and normal and therefore are more vocal than they have been.

    Totally agree, one of the reasons we are going WA is the better attitude to immigrants being as 27% are born overseas.

    The immigration policies are extremely tight, for example if you have a condition that is likely to cost more than £10k per year the state (health or education) it is an instant no. Basically no blind, no hadicapped etc.

    Not PC in the least.

    We have a son with mild autism but luckily he is doing fine without help, any worse he would have been rejected.

    I don't want to get into an Oz versus UK debate.

    Every country has it's pros and cons, I am swapping some pros for some cons and vice versa.

  7. Please dont tell me that people are struggling to pay their mortgages at 4.75%.  Five years ago they were at 7% I know cause I had a mortgage around that time.  Blimey in the 1990's they got to 16%!!!!.  Sorry but if cant pay your mortgage back say upto atleast 8% you must be in the deep poo and I think irresponsible.

    I had a fixed rate deal of 14.65% in 1991, and breathed a sigh of relief to cap it this cheap... I sat at work the day there was a run on the pound and watched peoples faces turn white with 2 rate increases in one day.

    Britain came out of the ERM that day and things steadily came back to earth.

    I never thought it could happen again... people seem to have short memories.

  8. I'm actually born and raised in Sydney. Moved here in my mid twenties and now been in London 6 years. I get paid a hell of a lot more here, taxes are lower and I get to travel the world.

    It is always funny to hear Poms think how great it is in Aus. It ain't all good. Sure, going to the beach is great, but every weekend??? If only there was something else to do. Apart from spend the weekend at another beach 6 hrs drive away.

    Still when I get older I'll probably go home. We'll see.

    Please don't tar me with the 'rosey specs Pom' brush. My reasons for going are sincere, well thought out and not at all related to beaches.

    I was born and raised in London...

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