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Mike1045

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Posts posted by Mike1045

  1. I will have finished paying for my house in 12 month time, am looking at buying a second property to let out and use as a retirement fund. Timing is crucial so what are peoples predictions on when prices will hit rock bottom? I'm 30 yr old and is this planned for a long term investment.

    Not wanting to sound paranoid BUT has the government employed David Blaine under the cover of Carl J to trick us into thinking prices will ever go back up?

    Be honest your all thinking they will!

    Prices only ever go down you just think they're going up.

    Think about it! <_<

  2. As ever, it's the stuff they don't tell you that you're itching to snout about.

    I mean - what job could she have been doing where she was allowed to bring in her son.

    Isn't 39 weeks up the duff in the realms of "will drop it this week"

    And how much was she earning before. Sounds like a 5x joint or more situation. On IO.

    I really think these people don't even try to think/plan beyond next Thursday. I mean, anybody can have a change of circumstances, but it looks like they never worked scenarios through for any changes that might occur before they leapt on the band-wagon.

    Its Carol from the Britas Empire

    :lol::lol::lol:

  3. Next month's Land Registry figures are likely to be negative but we'll probably have to wait until March until the full effect shows through.

    Spot on!!!!

    But by then we wont need the HPI to tell us what's going on.

    The HPI is a gov tool to help control the markets, hence the reason everyone is confused by the monthly report!!

    Do we really belive things have improved since last month :blink:

  4. Mike, is this correct? So repossessions are excluded?

    That's just plain daft, isn't it? House prices are house prices, regardless of whether the transaction was due to distress or the need to move into a decent catchement area for little Jemima and Jack.

    If that's the case, there's little bloody point looking at the LR figures until the number of repossessions starts to reduce month on month......

    I posted before Christmas on a number of property developers who had sold properties to themselves by setting up another company (corrupt I know).

    Also found out that houses that had been demolished and replaced were not included.

    The 2m new homes to be built wont be included.

    And all the other stuff on the list.

    It’s so corrupt out there even I can’t imagine the scale of what’s about to happen. Hiding the truth won’t stop it.

  5. Damn you.

    Well maybe they won't cut IR now?

    We could all stop talking about a crash and say everything is excellent and maybe this would crash them?

    0.6% is the same as last year. That is not good.

    Don't get excited!

    Whats not included:

    1. Land Sales

    2. All commercial transactions

    3. Transfer, conveyances, assignments or leases at a premium with nominal rent which are:

    ‘Right to buy’ sales at a discount

    subject to a lease

    subject to an existing mortgage

    to effect the sale of a share in a property

    by way of a gift

    by way of exchange

    under a Compulsory Purchase order

    under a court order

    to Trustees

    Vesting Deeds

    Transmissions or Assents

    of more than one property

    Leases for 21 years or less

  6. Don't get excited!

    Whats not included:

    1. Land Sales

    2. All commercial transactions

    3. Transfer, conveyances, assignments or leases at a premium with nominal rent which are:

    ‘Right to buy’ sales at a discount

    subject to a lease

    subject to an existing mortgage

    to effect the sale of a share in a property

    by way of a gift

    by way of exchange

    under a Compulsory Purchase order

    under a court order

    to Trustees

    Vesting Deeds

    Transmissions or Assents

    of more than one property

    Leases for 21 years or less

  7. Land Registry House Price Index is one of the best guides to average completion price of all properties sold each month.

    0.1% MoM - month on month - means an increase of 0.1% in average price from last month to this month

    8.1% YoY - year on year - means, naturally, an increase of 8.1% over the last 12 months.

    Is all information included in this data? Such as Sales to companies, and new builds, etc?

    I don’t think it is and therefore is not an accurate representation of the market. At present there is not accurate representation.

  8. I’m confused by this.

    Does this mean prices have fallen by £8000 or have slowed by £8000??? (8k no where close to what 2008 will bring)

    The real measure of how much prices have dropped is easy!

    You take the house around the corner with the for sale sign in the garden and write down the selling price (h1).

    Then when the house next door to it comes on the market you write down that price (h2). Please make sure they are the same mostly they are because UK houses are usually all the same in the same street!

    Then use this simple formula h1-h2 = tt. (tt = The truth)

    Anything else is a lie! I know I make them up for a living!

  9. :( email from the powers that be

    "unfortunately we have not had the year we had hoped for in 2007, and the result is that we cannot offer a staff bonus this December.

    It is our full intention to ensure that we will be able to offer something suitable next year. In fact it is our intention to hit some key financial targets by June and offer a mid-year bonus as a replacement to this Christmas.

    We do realise that people have worked very hard this year, and while we cannot at this stage offer you a financial gesture, we as a board are happy to offer 2 days extra holiday to everyone next year."

    That'll have to do then! :huh:

    Your welcome at mine!

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