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levoleurdefruits

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About levoleurdefruits

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    The Contrary Islands
  1. Danlee74 while you may think "this country is f^&ked", I think this is just boxing clever to sell a nice seaside flat. Lots of reasons why the sellers might do this. Changes in the rules to pension fund access, etc.
  2. I started following HPC in 2005 and desipte this bought a house in 2007. So many different arguments ran through my head at the time. Plan A went something like this: Over-leverage, buy the biggest house possible, wait for inflation to kick off, own a large house with an increasingly affordable mortgage. That is in fact exactly what I did. Didn't come off yet. Inflation has been much less than I anticipated. But I declared my hand and took a punt. Anyway, Plan B was always to earn a lot of money to pay off the large mortgage, that plan kicked into action in 2008 when identical houses to mine were selling for 25% less than I paid. C' est la vie. So I have worked hard and earned a few grey hairs, as a poster above observed. At the end of the day, we all have to make a choice. Do I regret my choice? Yes, a bit. If I had waited 1 or 2 years I could be in the same house but significanty less indebted. But in other ways, no. I have loved living here for the last 6 years. In the final analysis, we are born with nothing and die with nothing. Money is just an illusion to occupy the middle years. And" as the butthole surfers said: it's better to regret something you did than something you didn't do". I think that was the red hot chilli peppers. Regards to all
  3. Not discriminatory though. Anyone could learn Polish and hoover up that £7 per hour. Dziękuje bardzo.
  4. Can you expand on this? I would like NIL for 1, LOW for 2, AVERAGE for 3, I don't really care about 4, and LOW for 5. If such a place exists, please tell me and I will move there immediately. It also must be at least 15 minutes away from the nearest M&S
  5. I **LOVE** the no 2 top rated comment "You can buy a house from the council, but you can't buy the council from a house"
  6. Nationwide House price index is seasonally adjusted http://www.nationwide.co.uk/hpi/questions/method_qs.htm We seasonally adjust our prices because the time of year has some influence. Winter months tend to see weaker price rises and spring/summer see higher increases all other things being equal.
  7. Good point- in gold terms my mortgage is 4 times smaller than it was in 2007, which would ease the pain considerably if I had a pot of gold with which to repay the mortgage...
  8. The real prices are adjusted by the Office for National Statistics RPI figures: 4% 2007, 0.9% 2008, 2.4% 2009, 4.8% 010, 4.8% 2011. 3.1% 2012. Would you use different inflation data? What amuses me is that if I had bought a pile of gold in 2007 instead of a house, I could now buy my house, the house across the road, and the houses on either side! Just like some HPCers were saying back in 2007 when I first joined the site. It's easy to be wise after the event... unfortunately I didn't listen at the time.
  9. Anecdote: I bought a house at the end of 2007 This is how my house's value has changed (www.nationwide.co.uk/hpi/calculator/calculator.htm) in both nominal and real terms (www.ons.gov.uk), and against the FTSE (finance.yahoo.co.uk) and gold (goldpricenetwork.com) some you win, some you lose...
  10. http://www.thisismoney.co.uk/money/mortgageshome/article-2191621/Are-brave-The-25-year-fixed-mortgage-returns.html edit: in fact 5.29% repayment residential / 5.99%, IO BTL
  11. Why wouldn't a homebuyer choose a fixed rate IO mortgage when interest rates are at a historic low? Instead of making repayments, money can be invested at a variable rate, which will only rise.
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