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About dieselfreak

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  1. Couldn't agree more, i mentioned in the boom that i hated watching a similar house of my sell for some stupidly high price...
  2. http://www.belfasttelegraph.co.uk/business/business-news/toxic-bank-takes-over-another-10-northern-ireland-sites-16060519.html More into NAMA
  3. Couldnt agree more, i wish they would stay the hell out of the way. Constant tinkering with various schemes to "breathe life back into the market", all it does is distort and delay true recovery. The artificial price floor in rental properties, is a prime example of this distortion.
  4. you sir are a fool, I'm off to get a mortgage and scoop up these great deals.
  5. Very low shot I know but anyway....... http://www.bbc.co.uk/news/world-europe-11419212 Perhaps Merv's historic interest rates are all a misunderstanding, and he's trying to "suck" his way out of trouble.
  6. http://www.bbc.co.uk/news/world-europe-11419212 Perhaps Merv's historic interest rates are all a misunderstanding, and he's trying to "suck" his way out of trouble.
  7. http://www.bbc.co.uk/news/uk-northern-ireland-11413864 on the news this a.m.
  8. I personally know a couple who have just purchased in Portadown using this scheme. and another person who is considering, in the same development. http://www.propertypal.com/house-type-5-bachelors-avenue-portadown/20899 The houses are quiet nice, but the issue is of course the price. they are paying over £140,000 for the damn thing. (3 bed semi) There are a lot of turn-key offers around portadown for under £100,000 This is complete madness, and the ONLY reason they are looking at them is because they dont require a deposit. Whilst the builder may well be selling at below his cost, the fact is the land was prob massively over paid for. In my opinion, if one of these properties were being sold by someone who loses a job, they will never get another sole to follow in behind them @ £140,000 + There is just too much choice available for far less money. How the bank doesn't see the risk here is beyond me.
  9. Very interested in your thoughts on what makes the land so much more expensive in Co Armagh. I'd love to build a detached dewlling on an acre, but some of the prices in the area I like (bt63) are still way too high http://www.propertypal.com/lisnavaragh-rd-scarva-banbridge/89623
  10. I followed the link and you are correct. If I got a flat wheel near that one, id just drive on.
  11. http://www.belfasttelegraph.co.uk/business/business-news/northern-ireland-economy-stumbling-into-its-biggest-crisis-in-living-memory-14905104.html Queue more special pleading for an exception in our case.
  12. I’m not sure how the above advice could be clearer. You are considering paying £60,000 more than rateable value, which is about the entire take home pay for an average earner for ~4 years. The interest alone on that £60,000 @ 5% will add ~£250 per month on the mortgage payments. In addition, as commented, some areas are now below RV, which makes it even more over priced.
  13. There are a fair few houses around my area that are built on concrete piles.. A number of them resulted in the land around the house sinking over time leaving the house above the surrounding land. An example in the below photo of a house close to me: http://app2.propertynews.com/images/large/32958773.jpg There is a line under the window on the right of picture where the land used to be... and to disguise the problem they built that ridiculous wooden structure at the front and end of the property.
  14. TodayFM again ths am.. they had about 500 show up following the media coverage of this. originally looking to offload 28 of 48 properties. they got rid of 47 Lots of comment about requirement to set the price at current market level, and property will sell. Investor and OO's were interested.
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