

levoleurdefruits
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About levoleurdefruits
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The Contrary Islands
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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.
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I'm Finally Buying After String In April 2007. Thanks Hpc
levoleurdefruits replied to equitystasher's topic in Anecdotals
"they"? -
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
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West Midlands Agency Employing Only Poles
levoleurdefruits replied to sombreroloco's topic in House prices and the economy
Not discriminatory though. Anyone could learn Polish and hoover up that £7 per hour. Dziękuje bardzo. -
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
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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.
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My House's Value Since 2007: Chart
levoleurdefruits replied to levoleurdefruits's topic in Anecdotals
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... -
My House's Value Since 2007: Chart
levoleurdefruits replied to levoleurdefruits's topic in Anecdotals
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. -
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...