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Wishful Thinking

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About Wishful Thinking

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  1. Just had the announcement yesterday first day back from holiday... It's all a bit surreal at the moment. Still at least this time we've got 18 months to find something else
  2. Thanks for your comments.... I've calmed down a bit now It's just that sometimes I feel like I'm stuck in a parallel universe.
  3. Just been lectured by a friend about buing a house. I try not to get into a discussion about house prices with friends as I don't want to get into an argument, but couldn't help myself. The usual 'renting is money down the drain', how much money have you paid over the years in rent etc. He was obviously trying to push us into buying. He even suggested we should lie about our income, do a self cert, IO mortage etc etc.or buy a cheap (cheap in Cornwall???) BTL hovel to rent out (I despair!!). Just to makes things worse he quips 'I'm going to take out a IO mortagate to the max, everone does
  4. No problem, they will ship in some polish or portuguese workers. There is a clay village which has a lot of foreign workers and there is a lot of tension with the locals. They mostly seem to work in local factories on minimum wages that locals refuse to do. They were bitching about it at my workplace today, apparently they steal alcohol in Asda...
  5. Very interesting. I particularly like the following quote from the article; "As I have said often, the housing bubble has been more a lending bubble. It will be the impairment of the financial institutions that will stop the flow of credit to the real-estate market. In turn, that will accelerate the collapse in house prices somewhere along the way." Happy Bank Holiday weekend!
  6. Ahh.. John Prescott AKA 'Jabba the Hut' I think TTRTR has nicked his avatar!!
  7. Colleagues talking about this programme right now.... prices will go up by 40% because they said so etc. bla bla bla. They really believe everything as if Krusty and Pill are financial experts. These people are in their mid to late forties, so must have some memory of the last property crash (???) I'm keeping my head down, just can't be bothered getting into a discussion...
  8. Agree. Constantly hear of people trying to sell, but due to chains breaking down their house is put back on the market. More and more people are complaining about the lenght of time it takes to sell. A few years ago anything would sell within days or weeks of being on the market. It's just not the case now. A great number of my colleagues have invested in BTL new build flats in my area, most of them are not on particularly great salaries! It's going to end in tears.... we've just had over 130 people being made redundant again...
  9. Incidentally, I was visiting Padstow too at the weekend. Walked past Steins Seafood Cafe/Deli on the way to the car park. Had a quick look a the menu.... Cod & Chips for over £10!!!!! for one person. Seriously doubt the cod is caught locally either... So we headed home for ham sandwiches on the patio instead... Locally, Padstow is known as Padstein (or Chelsea on Sea)
  10. Catch 22 - it was not in any way a dig at you - sorry if it came across that way. What I meant to say was we're screwed (generally speaking) either way. Can't afford to buy a house today, won't be any house to inherit as it may be cashed in to pay for nursing fees in a worse case scenario... Personally, I don't expect to inherit anything and it doesn't bother me one bit. I care more about people than property...
  11. Not so sure about that. What may happen is many may be forced to sell their parents houses/assets to pay for nursery care. Had a conversation with one of our suppliers the other day. He was very upset at seeing his wife's parents assets being eroded away to pay for nursing home fees (something like £2000 week for a couple, one of them have alzheimers and need 24 hour care). They couldn't afford to pay themselves, so the parent's assets were put into a trust. The trust is in his wife's name and they have to account for every penny spent, and she also have to pay insurance (in case she'll ru
  12. Me too! Booked 2 weeks in France late June. Can't wait!!! Don't have a massive mortgage to pay so can afford the odd holiday or two...
  13. Thought some of you might find this of interest! http://news.bbc.co.uk/1/hi/world/europe/4739154.stm "I lived with my parents until I was 29," says Laura. Most of my friends stayed with their parents until they were married. "It is expensive to rent property particularly in the cities and most young people can't afford it. If you can't afford to live, you are not even thinking about children." Echoes the views of many posters on this board....
  14. This is the norm in other countries in the EU... Britain is a strange place... everyone is scared to be ripped off by somebody... landlord/tenant.. employer/employee... council etc. there is no trust when everyone is encouraged to look after number one at the detriment of everybody else. It does not foster community spirit!
  15. Anecodote... friend at work trying to sell her house as they're struggling to pay the interest only mortgage (bought at the peak). They're looking to downsize somewhere cheaper... House has been on the market for about 2 months - received offer of £174K (advertised at £179K) they'd agreed to sell, but house fell through due chain further up breaking. They're gutted as £5K reduction would have been OK for them. I really hope they can sell soon. Another friend selling house in Truro, been on the market for about 6 months, no serious offers. They've just reduced they price by £50K (can't
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