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Brad Naylor

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About Brad Naylor

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    HPC Newbie
  1. That was excellent. The programme was trailed as being an expose of mortgage mis-selling, but in actuality they covered everything. The research must have been done by someone on here. I have never enjoyed doing the washing up so much in my life!
  2. 47 Was in this exact situation after divorce 10 years ago but then met & married divorcee with own house. Now v. happy. Don't worry mate, there's plenty more out there!
  3. Last thing I remember was that you were telling us you were RealistBear! Can't find the thread though...
  4. Shameless bump as it had dropped off page 1 before it even appeared!
  5. If you read right to the end you find out that her only asset is £30k worth of equity in her own home. So she's not as dim as she sounds! She took a punt using the banks' money which could well have netted her hundreds of thousands. She lost - but many others with no more acumen than her have won big time. If she sells her home pronto and buys a cab with the equity before going bankrupt she'll be fine. At least there's no shortgage of rented flats to choose from in Glasgow! Once again the banks deserve all that is coming to them for their incompetence.
  6. I wouldn't even think about using the interest I was earning to pay rent. Build your savings and rent somewhere you can afford out of your salary - however small. The crash has started - but it will take a few years to unfold. You're talking about retiring abroad - why not go now?
  7. Just read this gem in yesterday's Times: Bid & Chip I'm not that interseted in stats and graphs - it is sentiment that drives the housing market up or down, and anecdotal evidence like this of gazundering making an appearance in the top end London market tells me that the slide is under way. Just like in 1989. And to read it in the previously uberbullish Times...
  8. There is a definite feeling in the air, certainly out here in the provinces, that a tipping point has been reached. One aspect of the psychology of bubbles and crashes that always seems to be overlooked is 'vested interests'. What I mean by that is that EVERYONE has a vested interest in the housing market. For years now the received wisdom has been that a rising housing market was 'a good thing'. The majority of people had a VI in prices continuing to rise. Now, with huge numbers of would be FTBers in rented accomodation or living with parents, the VI pendulum is beginning to swing the other way. For anyone not on the 'housing ladder' a crash would be wonderful. For anyone established in a property and with a low or no mortgage, a crash would be neutral; if it allowed your kids to be able to afford to buy houses, then it would be welcome. If it bankrupted a few of the loud-mouthed know-it-all BTLers down the golf club, all the better! To me, the important 'tipping point' will come when people with a VI in a crash outnumber those with a VI in rising prices. It will then be impossible to sell a house at current valuations. This day looms ever closer. Cheers Brad
  9. This is the usual ingenuous cop-out used by pornographers and peddlers of extreme violence. It is of course, total bol locks!! If TV didn't at least to some degree 'direct the public apetite' why would companies squander their money on ineffective TV advertising? Kirstie & Phil are pernicious purveyors of property porn pandering to the greedy base instincts of their audience. Sarah however, I won't hear a word against. I think she's lovely! And that Ann Maurice is quite hot in a stern sort of way........... Cheers Brad
  10. So which one is it? EITHER old people are going to leave their houses to their kids, thus stoking HPI, OR old people are going to be dependent on the value in their house to give them a pension. They can't do both! My chief concern about HPI is the divisive effect it is having on our society. The threshold for inheritance tax should be lowered, despite what the Daily Express says!
  11. Of course not everyone loses in a property crash! Duh!!! For every vendor selling at a loss there is a purchaser getting a bargain. Delighted first-time buyers would be able to enter the market at prices they could afford. For those of us who have paid off our mortgages it matters not one fig whether our house is worth £500k or £300k. For people wanting to trade up to a larger house a crash would reduce the differential in prices, making the move more affordable. There are as many winners as losers in a crash... ...Bring it on!
  12. The fact that Gordon Brown still craves the Prime Minister's job confirms to me that he is mentally ill. A sane man would see clearly that the party is nearly over and that whoever succeeds Blair will cop the fall-out. I would estimate Brown's chances of serving out the rest of this government's term and then winning an election at around zero. He would be far better off retiring from politics with at least some of his reputation intact. Unless he plans an immediate snap election......
  13. Hi, New guy here. I've been lurking for a month or so with interest but also a degree of puzzlement as to what exactly this site is all about. It claims to give a forum for unbiased and objective discussion on the housing market, yet the very name 'Housepricecrash' suggests a bearish standpoint and bias; so much for objectivity. And why do all you good people spend so much of your valuable time going over and over again about how the inevitable crash is iminent? Are we all so desperate to be able finally to say 'I told you so' to our workmates and friends whom we have bored rigid for years while they made a killing? For what it's worth, I believe that the way that the cost of housing has risen over the last decade will prove to be disasterous for our society, as decent young hardworking people are increasingly priced out of the most basic human need - a roof over ones head. Meanwhile smug middle-aged people (like me) fortunate enough to have been able to buy at affordable prices sit on huge paper profits. As parental help becomes more and more essential in buying one's own home so the gap between rich and poor increases yet further. How ironic thet this should take place under a 'Labour' government! The government of course, has loved it. The 'feelgood factor' provided by rising house prices has masked the realities of higher taxation, low pay rises, and an increase in the true cost of living way higher than the official inflation figures. They have been able to peddle the myth of Gordon Brown's economic miracle on the back of most people feeling richer because their house has doubled in value. But for this, there would undoubtedly have been a major recession some years ago and Labour would not have won a third, or maybe even a second term. Yet this did not all happen by accident. The decision to remove tax relief on mortgage interest was sold as the ending of an inequitable subsidy for owner-occupiers. What happened of course, was the start of the 'buy to let' phenomena as non-residential borrowers suddenly found themselves on a level playing field with owner-occupiers.
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