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Muppet

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  1. Yes you're right, I should have put "it was sold for £230k", very remiss of me. And have you not heard of, nor seen for yourself properties that have more than doubled over the last 5/6 year periods? 120% is actually less than it went up by - you go do the math but that's what it sold for. Witt the same taps as I left in it, and yes they were gold!
  2. Yeah, it was the number of repossesions being broadcast that brought it home. 1991/92 as far as I recall. Great timing on my part, I bought in Dec 1988 for £93k, interest rate was 6.5% if I recall, £33k deposit, £60k endowment costing £350 or so per moth. Easy I thought By the end of '92 it was 15%, mortgage had doubled to £750/month and I was struggling like hell to pay it. Managed though, hung on for 10 years avoiding negative equity and repossession due to large deposit. Sold it in '99 for £95k (whoopee)to by a business, top price at the time. Within 5 years it had risen by about 1
  3. You seem to be contradicting yourself a bit here, in an earlier post you said: Now, do you really think the 'average' wage earner earns £50k/year? When you clearly seem to know that people have less money now. I too earnt £30 a week when I got my first job at 16. Multiply that by the 800% your house has risen by and you get £240/week, much closer to what the average person earns today. Average as in real world people whoo have to do day to day jobs like working in shops, driving buses etc etc. Can you get a mortgage to buy a £300k house on £12k/year? Not a hope in hell. If your house
  4. Forgive my brevity and 'cynicism', but what has this to do with house prices? I'm afraid I stopped reading mid-way through about the 4th para, but it sounds pretty much like any other major city of the world these days, one of the many reasons why I live in the country.
  5. I'd like to make a home of it, but not at that price :angry:
  6. A miracle that no-one was killed or even seriously injured, yes. A disaster due to many people suffering loss or major damage to their homes or businesses. What the hell has my outlook on life got to do with whether I, or anyone else perhaps, find this sort of thing funny?
  7. Is this humour? Do you find it funny? Would you be laughing if it were where you lived, and you had just lost your home? I don't think so. Jokes of this nature always appear after a major disaster, but I think these are in particularly poor taste.
  8. Interesting. I've followed this thread all the way through, and at first was very sceptical about BBB's yield figures, and rent received etc etc. However, it may be true that he is achieving this figure, albeit by his own admission on just the last property(s?) purchased. But in relation to the original question posed by the originator of this thread, that fantastic yield is not across the board where his portfolio is concerned. BBB, I'd be interested to know what your average yield is across all your properties, then we can see how it stacks up compared to the other investment vehicles. Al
  9. You mean you've actually sold your house and pocketed/invested/banked that money then? If not, you've made nothing. Your house has risen in percieved value by that much, but that's all. I'm sorry but people like you who seem happy to quote how much 'money they've made' out of the last crash really piss me off. Many many people were forced out on the street and lost everything they had through the last crash, I myslef was lucky and managed to ride it out. You're coming across as very gloating in your post, please don't. Whilst we (nearly) all want a reduction in house prices here, I, and I'
  10. BBB, I would love to see this £70k house that you reckon you're going to get £700pcm for in rent. Is it in the Outer Hebrides or something? Highlands of Scotland? It'd need to be quite some house to command that rent, I'm thinking 2 or 3 bedroomed terrace or semi, depending on the area. I know you can buy houses in some areas for that, but I doubt the rents fro them are that high. In my area (Hampshire) I can rent a very nice detached 2 bedroom cottage with a superb garden and location for £750 pcm. Tha property is valued at £325k. Work out your yield using those figures and see if you can c
  11. For the record, I unfortunately missed any notices that invited anyone to join the show. As a technical FTB'er (I owned a house for 10 years, sold it in 99 for no profit and now cannot afford to buy a smaller version of that house), I'd be happy to appear on any subsequent programme follow up if you need someone.
  12. I bloody well am! Since I've been out of the property market (sold in April 99) houses have at least doubled, if not trebled in price. I now can't afford to buy anything other than a crappy flat/maisonette in a crappy area - Gosport anyone? No, thanks. So, yes I'm bitter because I have no choice now but to rent if I want to live in a reasonable house - by which I mean a simple 2 up 2 down with a kitchen and bathroom. I can't afford anything more than a £60k mortgage, which is what I had when I sold, and that my friend won't even buy me a beach hut in Mudeford. Houses are supposed to be homes
  13. Ah, merci beaucoup tous le monde! Thanks everyone for your replies, very reassuring and helpful. Gwailo..... interesting, but the Irish climate puts me off a little I don't want year round sun, I actually like the different seasons, but from what I hear it's just too wet over there for me. I'm a keen motorcyclist, so I'm after some good dry roads!!! Sold Up... Yes, I speak a modicum of French, enough to get by at the moment and with some proper tuition would be reasonably fluent within a couple of months. Bubble.... yes I know French prices are on the increase due to the stupid English...
  14. Apologies if this isn't the correct place for this topic, moderators please feel free to move it to somewhere more appropriate. Could you please give me your feelings on buying a property (Not properties note), in France for my retirement home, instead of buying one here. A quick background: Got rather disallusioned in the last boom bust where my house was worth the same as I paid for it after 10 years of onwership (89 - 99), then after bailing out and buying a leasehold shop/flat, property has of course now at least double if not more in the last 5 years. Now I'm selling my shop I'm not goi
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