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234SALE

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Posts posted by 234SALE

  1. I Have £xxx,xxx in the bank,, now if I take out a mortgage. The bank is less my xxx,xxx.

    The banks had no money, they still have no money.. So why did he create Billions

    The real issue is GB owns the Banks,, so fuel up the inflation fire then try and get out at the top..

    This will really come back to haunt GB, he has just built another dam, in front of the Toxic Dam using the same technique as before.

    Unemployment is coming,, MASSIVE UNEMPLOYMENT...

    The Communists would just create jobs to keep the ball rolling,, GB will do the same.

    Cant afford to eat,, GB would suggest that you borrow the food from the shops and pay it back later...

    That borrowing is just a form of stealing with a contract.

    Basically GB is borrowing my savings to lend it out to a BTL, I dont agree and I am considering removing my funds.

  2. Gordon Brown has now agree to the sale of UK banking to Arab Investors

    Arab investors looking to move UK banking and financial services to Dubai.

    Expect massive exodus of companies, unemployment and a full on HPC in the UK.

    I was with James Goldsmith, Director of International Investment at Savills.

    You Bears would enjoyed the Breakfast,,, But his speach and graphs were amazing

    I wish I could of recorded it for you all..

    i6widj.jpg

    from his handout

  3. Dubai has been a real estate market on crack for the past 4-5 years. As you rightly state there wasn't much in the way of BTL mortgage lending to propel the market. Most of the housing is new, the frenzy has topped and the market will now surely find its sustainable level. It's one thing to place a ten percent deposit on a flat then 'hot potato' flip it before completion, totally different to; hold, finance, manage a portfolio when there is no real secondary funding available, except traditional bank loans.

    The flippers on the 'Dubai thread' are in for a harsh lesson IMHO.

    A off plan property purchase must now have 30% paid before it can be resold.

    Also the majority of flippers,, are playing with profits and not debt.

    Yes some people will lose 30% of invested CASH,, They couldn't get a 100% Liar Loan and hide the deposit in the purchase price.

    If they shout and scream,, on the boat they go...

    In Dubai if you bounce a cheque, itis a prisonable offence if the debt is not paid. :)

  4. Yep,, I pay £28,000 a year for a 1000sqft one bedroom apartment.

    I earn £71,550 Tax Free.

    An equilvent rent of a 1000sqft one bed in Hove would cost £12,000 a year

    I would be lucky to earn £30,000 as a sparky or electrical engineer in the UK, plus how much would go as TAX.

    et9uvk.jpg

    This is a whole new city developed over the last 6 years with 30 years to go.

    I would agree that buyers of property are keeping the cash in their pockets.

    But then if we look at Monaco, London, New York, Hong Kong ect Prices they are twice that of Dubai Prices.

    My advise is visit first,,

    I go between Brighton and Dubai all the time. Both are suffering from Housing Price Crash.

    But it was impossible to take out a LIAR LOAN here. 3X Multiples with 20% Deposits

    In Brightion a year ago I could borrow what ever I made up with a 5% deposit.

  5. Buy-to-let gurus sell after doing the maths

    http://www.thisismoney.co.uk/mortgages/buy...p;in_page_id=56

    However, the increased cost of borrowing has finally caught up with them and they have identified for sale 18 houses that they bought in 2003 that are now coming off their five-year fixed rate deals, typically 4.5%.

    --- Didn't mention the LTV ratio has been reduce

    The Wilsons claim the prices of their homes have been static for the past three months, but estate agent Glen Wright, of Martins in Ashford, reckons they have plummeted 20% in the past year.

    He says: 'Two-bedroom resale houses priced at £165,000 a year ago now sell for £140,000 - if you are lucky. The market is paralysed.'

    HAHAHAHHAH .......... They are doomed

  6. Having visited Stockholm 3 times, I think it is a fantastic city. The Swedish are a very proud and clean nation.

    1. Swedish friends that stayed in the UK couldn't understand why every house has a fence around it, why do we like barriers so much.

    2. To insult a Swedish person, call them unhealthy or fidgeted,, Sexual swear words just amuse them as they don't see that as offensive.

    3. Everywhere was clean in Sweden, zero tolerance to misbehavior. People had open social groups that accepted anyone. Even if I was a outsider they would consider me as a friend.

    4. The social system is fantastic.

    But I am sure some district have the usual social issue's as they always do.

  7. We had to buy a video camera for work and we did the usual trawl around John Lewis, Dixons et al. When we tried to negotiate to get within a few quid of Internet prices, they wouldn't have any of it. They'd only match major high street chains (and, I suspect, could be pursuaded to throw in the odd extra).

    Solution? Order it online from a specialist (who has a high street shop!) who beat everyone else's prices and threw in a couple of very useful freebies. Delivered the next day. Job done.

    If the high street want our business, they have to get close enough to Internet prices as to make no difference, especially now.

    Seeing 1/2 of Dixions Shops are white goods and cookers, with no one moving house I cant see these purchases happening.

    Even the market for Digital TV and Big LCD/Plasmas has dried up as most now have them that want them.

  8. Dubai is the worlds Greatest White Elephant. Their philosophy was that what they are now doing, ie building a mega commercial and tourist empire was to be their future when the oil runs out. Don't have to elaborate futher, do I?

    Sorry but Dubai run out of oil 4 years ago,, Finnancial Hub of Middle East,, Tax haven out of EU..

    What stops them from doing what UK does,, apart from size of population.

    Technological, Biological, Research, Medical Care, Sports, Entertainment, Shopping ect where else do you think Middle East, Africa, India, Russia and China plan to have their Tax haven....

  9. When I went into RBS this morning to sort my lost debit card they asked me if I wanted a mortgage.Looks like they will waste no time spending the bailout.

    Gordon securing HPI,, Lets inflate our way out of this hole by increasing money supply...

    Problem is gordon, Everything becomes more expensive....

    Its scary...

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