Jump to content
House Price Crash Forum


New Members
  • Posts

  • Joined

  • Last visited

Everything posted by Spoony

  1. As the topic says it does seem very quiet on here, has the HTB and positive spin of the last few days effected any?
  2. Indeed but I don't think this will be widely accepted for at least another 100 years, when people look back and see what madness the period 1997- 2013+ was
  3. I don't know what's going to happen but I know what Osborne and Carney hope will happen: The UK will feed off from a recovery in the USA and Europe, tax receipts will rise enabling a gov debt reduction. GDP will rise, house prices will rise, all industries which are involved in the housing market will do well again contributing to a rise in GDP and everything will magically work out along with their re-election. Maybe some more inflation to reduce the gov debt and consumer debt. Sound right? And will it happen?
  4. Yes I noticed all media news today could not cover this story without mentioning that the unemployment rate is still above the 7% target so interest rates will not go up!! Why is this ?
  5. This HTB scheme is todays MIRAS replacement really if you think about it. If they bring in MIRAS on top of this then this must be the most rigged government interfered housing market in the world. There seems to be no lengths they won't go to to prop up prices. It has to be because all the MP's and local government have 2 or 3 + houses and are in BTL up to their necks. In 1990 the BTL mortgage wasn't around and people had more morals, so a crash was allowed.
  6. I share your sentiment but as some have pointed out on here, all that may happen is that when prices do crash again they will only crash to the 2013 prices we have today, so no gain - not the 2003 levels that they should be and we all want.
  7. Not as VI as we thought. Blimey! So Paxman has a beard and has gone grey. When did that happen?
  8. OK only 18 properties on help to buy in Buckinghamshire linked in from the official HTB website. The rest are shared ownership with service charges. Take this one..... http://www.catalysthomebuy.co.uk/homeseekers/property/3029 Bedroom Detached House in The Steeples, Aylesbury Vale Scheme Help to Buy Available Thursday 11th April Full Market Value £314,995.00 Plot 66 - Cornell The Steeples Description A lovely light entrance hall leads you to a wide lounge with an elegant bay window, or to the downstairs cloakroom. The spacious kitchen family dining room has a separate utility, a glazed bay and french doors to the garden. On the first floor, you'll find 4 bedrooms; a master with en suite, 2 double rooms, a family bathroom and a single bedroom that could be used as a study. Property Cost Scheme: Help to Buy Full market property value £314,995.00 Initial share in the property 80% Value of Equity Loan £62,999.00 Likely required deposit £15,749.75 Initial proportion of the property funded with mortgage and deposit £251,996.00 Monthly Costs Service Charge £0.00 Address Plot 66 - Cornell The Steeples Calvert Green Buckinghamshire MK18 3FS "Equity loan fees You won’t be charged loan fees for the first 5 years of owning your home. In the 6th year, you’ll be charged a fee of 1.75% of the loan’s value. After this, the fee will increase every year. The increase is worked out by using the Retail Prices Index plus 1%. Your Help to Buy agent will contact you before the fees start, to set up monthly payments with your bank. You’ll also be sent a statement about your loan each year. Fees don’t count towards paying back the equity loan." So 5 years on from starting to pay a fee you will be paying nearly 2.25% on this loan (assuming rpi +1% and that rpi stays at 4%) - £1411ish a year, not much really, but a £250K mortgage on top?! When rates go normal....
  9. Patience... I have had 10 years of patience. I don't have another 7 years+ I am seriously quite worried about what to do now
  10. Was thinking the same thing, or maybe god forbid..... join the party and buy in the UK hopefully with HTB (if I am eligible?)
  11. Markyh, amazing story. Some here would say you were too kind to this guy to help him out. So effectively the government are, instead of building new council houses, buying shares in the existing housing stock. I wonder how these figures put in through HTB compare with the value of council houses built to date which are still owned?
  12. Nice but no privacy. Anyway slightly back to the topic in a way that I seem to do all the time...... I was talking to my hairdresser the other day, she was saying how she lives with her parents again and she needs to get on the ladder...but its so expensive. "I need to find a rich bloke" she says. Not what I wanted to hear. I was thinking of asking her out next time. I hope the rich bloke for a house was just a comment in passing. This girl is 24
  13. Last night the thought of actually joining in with the ponzi crossed my mind. My theory was that the HTB etc will continue for the next 3 years at least, maybe I should buy with the HTB free loan, then sell it in 3 or 4 years time, before the crash starts. Are you allowed savings to take up the HTB?
  14. Yes that would be right. +2
  15. They probably will keep 'help to buy' going until the housing market tanks and 'buying a house' will once again become dirty words. Then nobody will be touching it with a bargepole and it will make no difference if they cancel it or not. How many years until then though who knows.
  16. That's because the rules of the game have been changed. Those who say repeated can kicking and 0% rates will last 20 years may well be right. 20 years is all too late for me, and a lot here I would presume. This is a good thread. Today feels rather like it did on HPC forums in 2006 just before the crash started. It was looking hopeless and we were looking even more like mad doomongers.
  17. That's my theory too. Lifelong conservative voter, never again
  18. Yes. I put 20K into it, that gets rid of that part of the low rates problem... Still lower than RPI though but it reduces the problem. I just told my utility company to take £100 a month (even though I won't use it) £100 a month pays the £2 fee to have the 123 account. The rest is profit. If I go way into surplus I will change my DD to another bank account, get that in place then ask for an overpayment refund.
  19. No shit sherlock. That idiot new Arch Bishop of Canterbury said something similar the other day before he made himself look even more of an idiot than he did before about the Wonga thing. What these clowns don't get is that they should be blaming the BoE and government for creating so much inflation and directing their anger in regards to that back to the people who made it happen.
  20. Some parts of Spain have no parking restrictions you can park where you want. No problems and it seems to work with no people parking stupidly. Why can't people in the UK use their common sense>?
  21. This is a stupid policy. 15 minutes is no use for anyone. They would do better to restore free parking to towns, terminate all those NCP (and similar) contracts. Two hours minimum free parking. 'Desperate actions of a desperate government' Mr Osbourne.
  22. I have to reply to this. The ex concerned used to often say that if I keep saying something is going to happen for long enough then it probably will. That is an arguement starter as she would not listen to calmly explained reason. Her problem was she could not wait any more years. A lot of women are the same. But as wherebee said about finding the one who understood about the cost of credit, some would understand. Its hard to find beauty and brains, lots are already taken. What a thread this is turning out to be btw, keep it coming. Hard hitting subjects like women combined with HPC and life advice I thank you all for the contributions. I think a lot have come back to HPC forums after Osbournes HTB PR last week. It certainly triggered off a lot of frustration in me
  23. Thanks for all that. So you like a fair few here moved abroad. I wish I could do that, I am stuck in in my job or its a pay cut. Even to another part of the UK
  24. I think you have the best intentions. But your thinking is of a newbie who I think does not understand the laws of economics, the history of house price booms and busts. I feel like I am preaching to someone at my workplace or something or someone who has joined from the singing pig or MSE. But I shall go on. It is rampant house price inflation and inflation of other assets causing a bubble which was fuelled by an uncontrolled speculative credit bubble of large proportions. This has caused an abnormal housing bubble, again speculative and very large which did start to fall a fair bit thus proving this site and others right but then the QE and 0% rates were used and the falls stopped. Not many of us predicted this would happen but all it has done is put off the inevitable. Never have so many tools and schemes been used to keep house price high. What is happening now is not normal You approach of buying a house and it will go up and in 25 years.... this is a traditional approach which I don't think is suited for the times we are now living in. Yes it worked for your parents etc but that was then this is now. The big question is what will happen next? 10 + years of small falls and rises evening out to be a real terms fall until correction is completed? Or a trigger to remove the support over which the government will no control over this time. End of QE, Double digit inflation, interest rates at 4%, this will be a nightmare for those especially who stretched to buy at these prices with HTB etc. Its like nobody HAS LEARNT A THING from all the bail outs and financial crisis.
  25. More wisdom. Maybe that is true. I suppose there is nothing stopping me getting out there and living more. I just hope if I meet a new gf she won't want to buy a bloody house!
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.