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Wait & See

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Everything posted by Wait & See

  1. Make sure I have some real cash in a secret location
  2. We need a crash that enables the average earner in the UK to pay their mortgage and still have some kind of life without using credit cards to buy food. If the average income in the UK is, say, 22k then an average house has to be 66k, if you don't want a life of pain and unhappiness. It seems most people, these days, want to spend most of their salary on a mortgage and have nothing left to have a life with. Oh well
  3. More than welcome. Always happy to help a greedy bull
  4. This post is all rubbish, I have often wondered why ASDA and Ikea have not built cheap houses on a huge scale, like they have with everything else. Maybe because the home owners of the UK don't want their home to be worth 50p if it ever became a buyers market, and the government is wanting to hold on to empty fields while people live on the streets. The more you make, or build of something the cheaper it should be, right. So why do we pay the same or more for old houses as we do for new builds. Why pay a fortune to buy an old property, only to rip it apart and make it the way you want it, when you can buy one off the shelf brand new. Don't see why property is any different to cars or clothes etc. The only difference, at the moment, with property is that it is in short supply. Imagine if cars were in short supply or clothes or water and food. The same situation would occur with these resources. An old car would be bought and renovated in the hope of selling it for more. There must be a lot of money to be made buy any company who has the insight to build houses on a large scale and sell at a cheap price. (If they could get any land in this crap country). Property is no different to any other item. The short supply makes it different as, most people if they had to, could live without a car, but being homeless and living on the streets is not really an option, like dying due to lack of water and food. Needing to have a home makes everyone want to pay more, which fuels this pathetic House Price Boom. Could anyone imagine if this situation was to occur with water. Water is in short suppy, so people speculate on water stock hoping to sell it to the dying at inflated prices. In the UK there would be people dying in the street every day as they couldn't afford to buy this basic human need. Houses are a basic human right, whether they are council or private. Where are the cheap affordable houses in the dodgy areas without central heating or en-suit bathrooms. Just basic cheap homes for people earning average wages. It's pathetic. Every new build flat has to have hardwood floors, private parking and en-suit bathrooms with an asking price of 180K. Most people don't want the frills, they want a home that is affordable. UNFORTUNATELY, THE GREEDY BAST**DS IN THIS COUNTRY ONLY WANT TO MAKE AS MUCH PROFIT AS POSSIBLE. HOPE THE ECONOMY GOES RIGHT DOWN THE TUBES, THESE PEOPLE DESERVE IT!!
  5. Someone mentioned this earlier, 20k a year would be fine if your mortgage payment or rent was £300 a month, which is what it should be anyway for an average house. It's paying 150k for an ex council house thats NOT FINE :angry:
  6. Agree, If you saved 1k a month for 15 years you would have £180,000 in cash + interest. Most people would rather buy a lot of rubbish they don't need and take out a mortage over 40 years owing 180K + interest. How stupid can you get. The banks win everytime. Most people have forgotten that capitalisim is all about having capital, consumerism is about wasting your hard earned on crap thats made in China!!!
  7. Good stuff!!! I bet they were only bought to make you and the other neighbours feel insecure. Don't tell me, they were 4x4's and Convertibles. They must feel like fools now
  8. A friend mentioned yesterday that he has been refused a new credit card to transfer his outstanding balance. He has a good job but has a bit of debt and is renting. This is the second time in a couple of months that he has been refused but thinks his credit rating is good, saying that he has never missed a payment, but usually pays the minimum, on other cards. I didn't tell him that I thought this was quite hopeful news, and that it was a sign of things to come. How long now before the banks close down on people and demand their money back? Are many UK people defaulting on Mortages, Loans and Credit Cards yet? Am getting quite restless by this whole drawn out UK econonmic disaster.
  9. Agree, 3.5X should be the limit. Otherwise the poor borrower is a slave to the bank forever. Prices have to get into line with what people can actually afford over a 20 year period. 40 & 50 year loans are ridiculous!!! The bank just picks up thousands more in interest, so the borrower has to work longer, maybe until 80 something. Then at 85 after having paid the bank all the cash they have earned throughout their working life, the property has to be sold in order to fund their care in the retirement home. Oh joy, what a wonderful life it is living in the UK.
  10. Agree, So in other words it doesn't count as wealth. What is the point of making this statement. Have never understood the argument that "We're all wealthy because we have made 100% profit on our homes." Where's the cash then!!!!
  11. Who gives a toss what happends to the banks, or for that matter, the fools who thought buying property was money in the bank. Hope we never see or hear from any of them again!!!
  12. In years gone by, people bought a house to live in a better area and to have somewhere warm and dry to sleep come winter. Location, Location, Location and Property Ladder has convinced the public that working and using any talent in life is not what people do in he 21st century. Just buy some old falling down shed in the worst part of town, wait two years and make 100K. Great say the public, where can I sign up. "IO mortgage please bank manager" they ask. Or maybe we could be property tycoon's and buy a dozen dodgy flats and rent them to the poor people. Yes they crow, property really is our ticket to a life like Richard Branson. Crash Time Soon, Please!!!
  13. What a laughable term "unlock" is when used by banks. You know the adverts - "Giving you the freedom to purchase with confidence". This "unlocked" credit is needed however, extensions have to be built and 4x4's have to be bought.
  14. I bet some dumb bas***d thinks this looks like a good buy.
  15. Exactly, People in the UK don't spend money earned, it's all borrowed. This is why I don't understand why the monkeys think that anyone is impressed with there new kitchen, Audi TT or designer clothes that they have bought with the banks money. I would be impressed if they had used their Switch card to buy the TT, using money they have earned/saved. Middle class insecurity rules once again - The neighbours have a new car so where is mine. Time to MEW then. We can be rich too. Pathetic, grown people behaving like kids.
  16. Why do all these poor sods still think they have the resources of P-Diddy (It's all funded by the illusion of HPI). Most of the public in this screwed country have no real capital what so ever. When it all goes wrong, the banks will want the money back that the punters borrowed on their home's to buy the Porsche Boxter and go on the two month cruise. Borrowing money is not an extension of salary!!!! Wealthy and smart people make capital work in their favour, poor and stupid people borrow from banks and pay back much more!!!
  17. Agree South Lorne, The banks are hardly blameless in this sorry situation. SCUM!!! They have continued to move the goalposts on credit, allowing people to borrow almost unlimited amounts. Some of the products they are peddling these days must be outlawed - 6X, 120% mortgages over 50 years etc. Paying interest to a SCUM bank is as useful as burning all your hard earned cash in a bonfire!!!
  18. Another 50" Plasma or 4x4 please, said the homeowner. "HPI is the best thing in our lives, just look how rich we all are", crow the population of Great Britain!!! This is the end, wait & see!!!
  19. I think people need to understand that, for the past few years everybody jumped on the housing bandwagon to make some easy money, nothing really to do with keeping in out of the rain of a night. Now, as these same people all go bankrupt this year, they will start saying that all they were after was a decent home to bring up their families, forgeting to mention that a few years earlier they were crowing about how much their property has increased in value, and showing off the new BMW X5 to the neighbours. Those who take on this kind of debt in the hope that there property will bail them out will reap the whirwind that they have created. It's hard to feel sorry for them. Greed was always the motivator for getting into property up until last year, not having a safe warm place to go at night. As the crash takes hold, many people will lose their houses and again remember that a house has a very practical appliaction, not really about how much you can screw from each other. This crash, as always, is needed to get the public to toe the line once again. No more reckless spending on things that they don't need.
  20. I know plenty of these tits. Imagine handing over 100K to a punter like this, so he can hand you the keys to a shi*hole, and go and enjoy himself at your expense. :angry: NO CHANCE!!! Just remember, their 30k property is only worth 100k if someone is stupid enough to pay them that. Hold on to your cash, and wait until the day he is happy to take 20k just to get rid of the place.
  21. You really are a tragic 80's child. If you were born after 1975 this whole getting on the property ladder crap really is insulting, as we have to pay tossers like you our money so you can go your sodding skiing holidays and buy new cars. I don't think so. House number 3 will be your last. The problem is, upstanding citizens, such as yourself are proud of the fact that you screw other people to get ahead. Remember, in life, everything always turns full circle. The crash is on it's way!!!
  22. Many people in the UK refuse to stop spending money, but many young people out of Uni will have a life of misery because of losers making huge profits on property. After all, you can't get a job if you have no fixed address. So which uneducated choices have they made? Having student loans of huge amounts in order to get an education? Doing jobs that pay little more than pocket money? Not buying houses because greedy sellers are trying to steal from them to finance there lifestyles? These are not self inflicted choices, this is what is left for them after the baby boomers have finished having fun.
  23. Not can't buy a house, won't buy a house until a price correction. Nothing wrong with people spending money they earn, it's just that most of the population put the 50" plasma on the platinum card. Oh dear.......
  24. How many more plasma's and Renault Megane's can people buy. What a lot of tat to waste your credit on. Fu*king wasting the planets resources on complete sh*t. Oh well, the day is coming when the banks screw these fools to the floor.
  25. Exactly right, And these days people are willing to pay 150k for an ex-council flat in a dodgy area. At present I would always advise keeping hold of your hard earned cash. Just think, if you bought that crap house at present, the sellers would take you money and buy a nice sports car at your expense. No way!! It's not about being bitter, it's about not being robbed. Don't give the greedy tossers what they want, Your Money for a dodgy old shed!!!
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