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House Price Crash Forum


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About munimula

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  1. That's rubbish. Most newly graduating physios can't get work. GP's don't refer to private physios but NHS physios who certainly don't earn that kind of salary.
  2. So they are operating as an estate agent with reduced fixed fees. They value your home, take pictures etc and then upload the details on the web. What's so special about that? We are in the process of buying a house and didn't even see the estate agent offices. Saw advert on Rightmove and met agent at property. So we already know that we don't need estate agent offices. Why would they want you to pay to advertise on all those property portals when the whole point should be they are launching a big venture with all the marketing that should drive people to the iSold site? I totally agree with fixed pricing though. Can never understand how estate agents get away with a percentage fee when the work that goes into selling most properties is essentially the same.
  3. We've got the same problem. We've had to renew every 6 months for £46 fee and done this for over 3 years. We are due to move in next couple of months so I asked if it could just go onto a periodic tenancy as we can't commit to further 6 months. We are being asked to pay £46 again for a new 6-month tenancy with a 1-month break clause. Can they do this?
  4. It really depends on so much, like your savings, the area you want to buy etc. we are currently in the process of buying our first home. 25% deposit means we've secured 5 yr fix at 4.99%. That's £748 repayment mortgage when rent would be about £850. Over 5 years we'll pay off about £15k so property could fall that much or more and we'd still be better off in that we are in our own home. And we hope to build up savings and target is 40% equity in 5 years time to secure even better mortgage rates. We have been patient, I said I'd only consider buying when a 25% deposit was possible. I also moved out of the SE and went back to uni so I could move back to SW for better lifestyle and more affordable housing!
  5. What a stupid thing to say. The private sector is failing because it is being drowned out by the public sector
  6. This happened to us. Taken care of by landlord. Windows are part of the building and therefore covered by buildings insurance. As a tenant this is not your responsibility. We reported it to the police so that the crime could be recorded as a crime stat and so that they were aware. No point being told crime is going down just because people have given up reporting these 'minor' offences.
  7. Yeah, studying chiropractic. 5 year masters. Best decision ever.
  8. Agree. I used to commute from SW London (Kingston area) to Canary Wharf or the City and the commuting was the part of my life I hated most. I got a motorbike to make it more 'fun' commuting. It was fun but also too life threatening.Anyway left that souless existence behind and went back to uni. Now living in Poole, windsurf at Branksome Chine just 5 mins drive away from our house. College is about 10mins drive (in rush hour!) and part time job is 7mins drive door to door. I would never go back to the kind of commutes I previously endured. You only live once.
  9. It might not be their choice. Already 84% owned by the government, it won't take too many more £Billions before it's 100%. Perhaps the markets are finally realising that!
  10. With all that has happened and as much as I despise Labour I am still not motivated to vote for another Tony Blair in the shape of Cameron But the main reason for a possible slip in Conservative lead is that the sheeple are being fleeced by the current government that everything has gone back to normal
  11. Just because interest rates went from 5% to 0.5% doesn't mean that's what happened to mortgage rates. Mortgages are more expensive now for FTBs. I think it's a well established argument that the housing market right now is not normal. Sales volumes well below the number normally associated with falling prices. A UK debt crisis will see mortgage rates increasing in the near future as the cost of borrowing for the UK increases. Governments can't borrow £200bn a year without consequences. Of course they can make big cuts but that will equally hammer house prices. It's a double edged sword and just a question of when. Hence this post - with the builders and to some extent the banks indicating the next leg down is around the corner, are they still reliable indicators and what time lag can we expect?
  12. Yes, that thread has got too long to follow. The builders turned down in the beginning of 2007 prior to house prices falling from the end of 2007 and throughout 2008. However their share prices were much higher then than they are now. So last time it was approximately 12months before house price falls really started in ernest. Will it be a similar time lag this time or could it be much quicker?
  13. After two months we can now see that the shares of the builders; Barratt, Persimmon, Taylor Wimpey and BTL supreme lender Paragon all turned down in Septemember. The falls have now clearly broken the upward trend in these shares since the beginning of the year. And these falls against a rising FTSE 100 in the same period. There are similar patterns in the banks like Barclays and RBS. So my question is, are these shares still reliable forward indicators on the direction of house prices? If they are then when does it indicate HPI will be turning negative again?
  14. I live in Poole and read a sad stat a while ago that stated 92% of new builds in Bournemouth are flats. Who would pay the ridiculous asking prices for these hutches if they had to put up with 40% socially housed neighbours? We rent a property in a private development right between two social housing developments and the people that live in social housing are very anti-social. It's bad enough with them living in their own houses the other side of the fence - to live next to them in the close proximity of modern flats would be a nightmare and not one I'd pay for.
  15. Yes, my sister has just started nursing course via diploma route and she gets paid £6k per year for doing that! The graduate route would entail £3k+ per annum course fees so over 3 year period there is a financial difference of £21k - and that's now, fees will go up as students and the young are too lazy and unmotivated to get off their Wii numbed arses to do anything about it. So right now my sister gets paid £18k to do a nursing diploma, in just a few short years she would have taken on £9k debt to do essentially the same thing. Big change My wife is a staff nurse and did the degree route and says the problem with the degree is it is too academic, too much focus on academic learning as opposed to real hands on experience
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