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House Price Crash Forum


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Everything posted by Antsy

  1. New Zealand - and they want to buy a house. I have issued a stern warning to wait a bit.
  2. Durrr - what a load of old Government nonsense. Wonder how much it cost them to put that together? Summary: If you are a pensioner and have paid off your mortgage, then having a low income isn't too bad, so long as you live in a small, manageable house and can manage your expenditure. If you are on low income and have to pay out a substantial proportion of this in RENT OR MORTGAGE, you therefore have less money to spend and are less well off. Well done for spending my tax money, treat yourself to a pie.
  3. it appears the numptty supply is not quite exhausted - the monstrosity I highlighted earlier in the thread is sold STC. http://www.rightmove.co.uk/viewdetails-597...pa_n=1&tr_t=buy Someone has truly 'gone Bodmin'
  4. Jobs & Money's Patrick 'I got burned in shared ownership' Collinson is worth reading but this is awful. Surprised she doesn't mention 0% interest credit cards
  5. The Guardian calls this advice... (in brief: couple are buying their flat from their landlord and want to know what to do if the surveyor says it's not worth the mortgage amount. She tells them to get finance to make up the shortfall ) Obviously, it's not possible that they are making a huge financial mistake and should negotiate with a landlord who otherwise faces about 5 months of trying to sell on the open (dodo) market. http://money.guardian.co.uk/experts/mortga...1511344,00.html
  6. Yes, it's sad - but if you don't have much of an option about where to work then the choice is rent, buy or b****r off. Also - most of the places you can buy for £11,000 are probably in places like Mogadishu. Sadly, the UK has exported its speculative property parasites who are currently pricing locals as far away as Thailand out of what was once a relatively normal, sane market.
  7. 1) Private 2) Monthly rent £750 3) Number of bedrooms - 2 double 4) County - London SE26, next to Crystal Palace Park 5) Estimated property value (if sold today) Not sure - 1 bed upstairs recently SSTC for 130k, ll bought ours for 123k in August 2002, so probably around 220k now. Just got news each flat is being hit for £300 pcm for repairs and service charge next year. Expect he put down a big deposit, but that's still got to hurt... Glad I'm not a homeowner.
  8. I have! My sister lives in Botswana and has done so for the last 13 years. Been to both countries several times. In Botsw the crime is now coming north from SA (family go there on hols often but wouldn't consider living there as it would mean the kids couldn't go outside the home/garden without supervision) and also south from Zimbabwe, so Botswana crime rates are soaring. people next door got robbed at gunpoint in their homes and two months ago, someone tried to carjack my sis and husband - again with gun. They told them to b***r off - lucky not to get shot if you ask me. Now they are heading off, though not back to the UK. I wonder why???
  9. As if the rampant crime rate didn't deter them, holiday home owners in South Africa are now being terrorised by baboons. Well, actiually the article says the number of attacks have calmed down a bit recently because a leopard has come to stay. Sign me up for two! http://edition.cnn.com/2005/WORLD/africa/0...n.ap/index.html
  10. the words 'stable door, horse and bolted' spring to mind
  11. Never quite sure how useful these online petitions are, but I know many of us here are hate the pro-debt ads clogging up the TV. My personal opinion is that if you can't afford the loan, don't touch it - but I also know what persistent b'ggers kids are. www.moneysavingexpert.com/not4kids Debt adverts on childrens' television channels, especially for secured loans, are a disgrace. The TV channels responsible should immediately stop showing them. Sign the petition: www.moneysavingexpert.com/not4kids Children’s TV channels are advertising high-interest loans aimed at families that find it hard to get cheaper credit, and with the possibility of losing their house. Nearly a third of children are repeating the slogans, and a tenth actually pester parents into getting such loans. One Mother's Quote: "My partner wants to buy a car. My eldest son (age 8) pipes up "go to Yes Car Credit, as anyone can get a car off them". I said "oh yes, and what exactly should we use to pay them back?" and he said "don't worry, they make sure it's an affordable monthly payment". The Campaign (letters, MPs and petition) This morning Martin Lewis of moneysavingexpert wrote letters to the Chief Execs of the Children's TV Channels asking them to withdraw these ads immediately, plus Member of Parliament for Stoke-on-Trent South Rob Flello is supporting the campaign and has written an Early Day Motion in Parliament calling for Children’s TV channels to stop showing adverts for lending companies.
  12. For loads more cash, try becoming an orthodontist - you won't have to deal with so much stinky rot and halitosis
  13. But with rent levels in the UK way above what you would pay in Europe for a similar sized property, it is also a recipe for a massive problem in the future when the ever decreasing ratio of working age people have to shell out for the housing of retirees that still have to pay monthly to keep a roof over their heads and have nothing to sell to pay for their nursing care. I'd like to think this foresight is why the government perversely wants to raise the number of OOs via its various wierd schemes, though I know that really, no government gives much of a monkeys about the long term effects of its current strategies.
  14. If IRs turn down I don't see this encouraging FTBs who have stayed out of the market to change their minds. They didn't do so when IRs were lower because they are smart enough to realise that current affordability is ultimately less important than the size of the long-term debt. How will btls react? I think most will realise that the net return is not worth the hassle and the risk of longer term capital depreciation <{POST_SNAPBACK}> At current prices I think FTBs will be looking at the possible depreciation. 1.4 per cent a month in London is NOT attractive
  15. Sorry LJ - 11 is positively middle aged when it comes to London primary school children - sorry to be blunt but they start their periods at 8 now, so any messing about after that and it's too late to do much except let the state pick up the tab. My class could probably tell you a thing or two that you don't know about sex - witness the whole daisy chain thing (not that I have ever heard of anything like that going on locally, thankfully). PS I am financially clued up enough to use this site before buying a house - does that make me a model teacher?? I would love to teach the kids something about money - almost as fundamental to quality of life as reading and writing. However, the govt doesn't think so, and if you deviate from the National Curriculum then the thought police come and get you.
  16. From Singing Pig. I despair. My suggestion is: go back to school and do not leave until you have learned something - anything - about life and money. We shouldd be teaching basic economics and money management at school. Sadly the National Curriculum doesn't allow it... http://www.singingpig.co.uk/discussion/forum/?f=47&m=60282 Hey Everyone, I'm 19 years old, a student living just outside of London in my family home. My parents recently remorgaged their house and bought their first Buy to Let property. The more I read and see on TV and the more I go over the information sent to my parents from solicitors and finacial advisors etc concerning the purchase and letting of the new house, hopefully the first of many, the more it seems to me that property is the way forward. I see at a very early age that the Poor Dad line of 'get a good job and stick with it' is not the way to financial freedom, or even finacial comfort and thus I would really like to know if anyone has a suggestion on how your supposed to get started when your 19 and have no money to speak of. I read that some of you were as young as 18 when you bought your first property and, though I realise the market has changed quite dramatically since then surely everything is relative and you still had to create you capital somehow? I am looking at a student loan of about £8000 in total and wondered if their were any suggestions on what I could do with this to get started. Also I have considered using 6 month interest free credit cards and transferring the balance as another way to raise some capital. If anyone has any ideas or suggestions or has managed what seems right now like the impossible I would be really interested to hear - Thank you! Clara
  17. The Hillside estate in Bodmin is pretty rank - as are quite a few bits of the spine of Cornwall (Launceston, Snozzle, Camborne & 'Druth). Any price news from these parts of the old country, anyone?
  18. Doesn't stop the madness of ridiculous prices, though. Look at this. I ask you... would you buy it because it's close to Somerfield? The EA needs a right hiding. http://www.rightmove.co.uk/viewdetails-597...pa_n=2&tr_t=buy
  19. Maybe they are hoping all the tenantss will skip off down to Meadowhall / Bluewater to spend it all on Burberry and start another retail surge?
  20. Shocked they are online - I would be sitting at home with the appliances turned off trying to save every penny...
  21. A sensible person with an IO mortgage and an actual way to repay the capital (as opposed to blind hope)? It must be very lonely for you out there
  22. Interest only, as oppsed to repayment - means you really ARE renting from the bank rather than paying off any off the capital. You used to have to prove you had something like an endowment in place to pay off the capital if you took one out, but lenders are no longer bothered. The Scabbey is another offender - it and the Rock would probably sign off 200k to my cat if it put in an application.
  23. Renting is much better if you DO have a family (apart from when the little dears try and crayon onn the walls - there goes the deposit). No unexpected bills for starters, especially during maternity leave and severe income depletion... and no need to sell so no hassle of trying to keep the home in Changing Rooms condition as opposed to 'Fisher Price meets modern day Baghdad' when hundreds of punters want to traipse through your living room on viewings.
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