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Everything posted by salamander

  1. There were posters here back in 2007/8 saying that gold was the only safe place to keep your money. I believed them and followed through on what they were saying and through sheer good luck ended up in the situation you described. There have been other places to put money for safekeeping that have done even better of course. I could have had a much bigger house had I put the money in Apple shares - more hindsight... Edit: Hmmm. Just read my sig. Might need an update on the London front.
  2. Why don't you just offer what you think it's worth instead of continually dropping your offer every time they drop the asking price?
  3. With enough people on board, directors could be voted off by the majority shareholding public until the board is able to uncover any existing but hidden documents that could lead to a criminal prosecution of Fred Goodwin....
  4. Averaged out over the period I was renting with cash parked in gold, every pound spent on rent was more than covered by just over two pounds increase in the cash value of said gold. Now I own outright thanks to that increase, whereas if I had bought back in 2007 I'd still have a sizable mortgage to pay now and for the foreseeable future. I consider the rent I paid money well spent rather than money wasted, though I have to acknowledge a fair amount of luck came my way
  5. ^ This. Whatever their 'unnecessary' excesses (Sky etc), with the government response to banks (and the individuals therein) having validated theft and fraud as a justifiable means of increasing one's income, why should anybody else lower down the scale give a flying f*** about stealing supplies for their children, or just to improve their income so that they can get on with the things they enjoy doing, just like the bankers ?
  6. Thanks for reminding me to put some chocolate 'decorations' on the Xmas tree
  7. Me too. the only difference was that the second 'bubble'* grew so fast it overtook the first one, enabling to me to buy back into the first at a higher level (flat->house), swapping first to second and back again without the need for a mortgage or any additional cash * gold is not a bubble IMO, even if it has been pretty flat for the last few months
  8. It's a stepping stone, that's all. This sh*tty debt in the UK, in the US, the EU etc. owned by central banks can never be repaid. Luckily there is a global bank quietly waiting in the wings to take them all on once the public has been convinced this is the only option. There will be strings attached to this (of course) but the public will happily accept these when they are presented with that or the alternative of complete global collapse. These 'strings' will be what finally enslaves the world once and for all, and no-one will realise until it is too late. I want to go back to bed now
  9. Excellent piece! Wouldn't look at all out of place on the Daily Mash website
  10. I had the misfortune of having to visit a few years ago (before the crash there). O.H has a relative who works there so went along. Never again. Having said that water park was fun - the one that's a couple of hundred meters from the beach
  11. I'm not so sure about an upward trajectory, but then I bought to live in not speculate. Out of interest did you find anywhere in the area worthy of serious consideration whilst looking around ?
  12. The state doesn't give a shit about anyone. It cares only for numbers and votes which is why your independent 40yo voters aren't expected to move in with elderly mum/dad. The parents of a vulnerable young adult really should (care) as a matter of course, especially when all else fails. That was the point I was trying to make
  13. Hillingdon council do seem to be out for revenge but the basic facts are that regardless of the relationship between father and mother, the son does have a home he could live in at no cost to the taxpayer were the father and mother able to bury their differences for the sake of their child, who quite frankly should be their top priority. It may not be 'fair' but many would argue that there are those in far more difficult circumstances with far fewer options than these two individuals, who seem to be more concerned about themselves than a child with needs they are fully able to meet but unwilling to do so. This is not meant to be a justification for evidently vindictive behaviour on the part of the council but does need to be considered. The parents need to think very carefully about their priorities here otherwise they could easily be painted as indifferent parasites by the press.
  14. = 2 TRILLION shitey dollars annually. To quote another site regularly linked from here: "Gold Bitchez!" So glad I started buying again [braces for omelette constituents heading faceward...]
  15. Which part of Ealing are you in, and which are you looking to buy in? Having previously rented in the 'Fielding Triangle' (Boston Rd-Northfield Avenue-Elthorne Avenue) I agree totally with your analysis. While house prices seemed to drop a bit 2009-2010 they have bounced back with a vengeance since then. There has also been a huge number of loft extensions being added (especially more recently) as many people have chosen to extend rather than upsize, limiting the availability further, We spent 5 years there and never found a suitable 3 bed at the right price. In the end we opted for an extended 2 bed close by but definitely more Hanwell than Ealing. Unless you're targeting specific schools there are areas in (the borough of) Ealing where prices are more reasonable but I guess it depends on your specific needs. Anyway, good luck, and if you can, try and broaden your search criteria. You might be pleasantly surprised.
  16. Newbuy is currently a disaster, like most of its predecessors. Since its launch in March, Persimmon have sold 220 homes under the scheme (as of 21st August), Bovis 70 (currently 3-4 per week). http://www.telegraph.co.uk/news/uknews/9490857/UKs-biggest-housebuilder-sells-just-220-homes-under-Governments-affordable-scheme.html In my opinion it will likely be quietly retired and replaced by a new shinier scheme,perhaps in the next budget, which will turn out to be be just as 'effective'.
  17. Can I suggest another category and slight title change to add recent cash buyer ? Otherwise my situation would have been sold and looking, but only for the right house, taking into account area, how well it meets needs and price.
  18. Slightly OT, but my favourite part of the 'shop assistants'' rant: 'Dont'cha know who I am?' gone horribly wrong, and a classy response to a very unclassy bint.
  19. I've bought as well and complete on Friday. I've seen the 'deposit is dead money' comment above, and I can see some truth in that, but given that 60% of my purchase has come from nothing more than the apprecation in gold purchased 2007/2008 that doesn't bother me too much. I've got a house in W. London with no mortgage which meets my needs (not all wants, perhaps, but that's a different matter) and am comfortable with that. I should add that In terms of overall funding the other 40% was from selling my last place (a flat) and is how my gold was sourced in the first place. I appreciate that my position was/is unusual and fully accept that my luck has been astonishingly good. I claim little credit for how things have turned out for me. I'll still be lurking on here because like the o.p., I still think there will be a crash of sorts. Whether it will hit all areas the same I do have some doubts but I'll be watching with interest and chipping in where appropriate. Also I am grateful to this site for educating me in financial matters. I am especially grateful to the members (some now long gone) who helped me steer my deposit money into gold at what turned out to be a pretty good time to do so. Good luck o.p. Hope it all works out for you. And to everyone else, I hope the crash comes sooner rather than later !
  20. Worked nicely for the guy who moved in next door to my last rental place. Put leaflet through the doors in the street and got a hit with the people next door who were,as it happens, planning on on emigrating. Got a very good price (for the area) too, perhaps because they weren't 'climbing the ladder' and just wanted/needed enough to set themselves up abroad. Definitely worth a try IMO.
  21. Just how 'unconventional' is the deal? If there's anything shady about it that could cause problems down the line would you rather be seen as having benefited financially from it, or keep it at arms length ?
  22. Thanks but I'm not too worried as I believe I've found a home (deliberate choice of wording) for the medium-long term and will have no mortgage so unless I decide to move to a (at a future date) more expensive area, the value on paper will be pretty irrelevant.
  23. My gold 'strategy' is coming to a close earlier than I might have expected, due to quite frankly awful circumstances for myself and much more so for my bf (boyfriend) of 9 years.The strategy has evolved over the years but the end point was to always eventually to liguidate AuSSets) (yellow, shiny ec) bought with the proceeds of the sale of my last flat, sold in 2006, combine with savings and buy a 'dream house' (dream as in we didn;t really know what we both wanted and needed), either with a mortgage or (ideally) without However , living in Ealing W Lon made that ideal something that just wasn't gonna happen. Too much dross, many wannabe BTLs able to bid whatever the bank will lend them and way too many of he Bugaboo set, desperately trying to find a local base to get their precious Timothy and Tabitha into the educational paradise that is at the centreof 'Fielding Cachment' area. Prices have remained stubbornly high round here. We were planning to stay in current rental for another yr but lanldord decided otherwise. Rentals round here are significantly higher than 2 years ago and bf may not be especially mobile for a while so a fixed base would have been good.. Pretty much begged landlord for a month or two extra but were refused. So, bf and myself have now been unexpectedly forced from our rental but as luck would have it have found and pretty much bought (survey taking place tomorrow) a 2 bed extended cottage for sale just round the corner from us which has everything we need space and facilities wise. Purchase is morgage free and chain free and owner needs to sell ASAP to join family in Australia, so we are well matched, as vendor has agreed to target last week of July I(24-31 July) as completion date Gold strategy is and always has for me been to get lucky enough with spot prices and other general circumstances such that when i find a home that both me and my bf are happy with, the Au will leave us able to go all in, to buy outright and pay no rent/mortgage ever again with cash left over. This purchase meets those requirements and, while a part of me screams 'Nnnoooo' all bf and I actually want is security of tenure. I may be ovepaying, though Zoopla says no, but even if I am I don't care becuase (subject to survey) this home feels like somewhere we could spend many years together In one last twist, despite ouf final pleadings for an extension none has been granted.. However, since we've initiated the purchase of the new place, we've figured out that a S.21 was never issued at the 2 month date and so all the landlod can do is issue a S.21 on he next rest date and hope we'll be out in time. We have told the vendor of our observations re S.21.and stated that we hope to be out in time. That is very much the plan, but if we don't make it out on time then 'meh'. My pan is to tell them once we exchange contracts.
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