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jammo

Negative Equity

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I generally agree, it's the biggest purchase of your life (for 99% at least), you study the market, the situation. People who see a house as a quick money making scheme are parasites. Largely, they are tolerated by society. I saw a sickening bit (before switching off) of Location, location, location today and marked that Krusty was still spouting the same HPI mantra - stronger than ever! No new houses being built, 350k for a crappy terraced house seems reasonable - blah blah blah. What is missing is closure on all this nonsense.

I told the Mrs' to go out and buy an Aston Martin with the deposit we have for a house. I was serious too. I imagine second hand prices are somewhat deflated, she'd have a car shes' always wanted and the depreciation couldn't be any worse than letting it sit in the bank or see the value of a house plummet with a HPC.

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you said small, not negative

my bad - small nominal yield, negative real yield

And that isn't the heart of the matter anyway. Obviously, if you are forced to rent because prices are high, high prices are inflicting a cost on you despite a landlord's poor yields

this is just incorrect

The benefit to his asset value caused by your taxes and production.

still not explained this

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Not to the ends of the earth - just to the local county court where you file for bankruptcy. You're completely debt-free in minutes.

Let's face it ; if you've lost your house then there's nothing to worry about in going bankrupt. Your credit rating isn't going to be any worse and you lose all the credit card debt to boot.

The key is to organise a rented property first.

Yes, I think one of the things to look out for in the next few months/years might be a tightening of the bankruptcy rules, basically to try and protect banks' balance sheets from mortgate default followed by bankruptcy.

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this is just incorrect

Oh right

Is that why most people, given a free choice, would choose to pay rent to a landlord their entire life?

I wonder why anyone buys a house

Just because the landlord's yield is negative or small, doesn't mean the cost of high house prices isn't falling on you.

still not explained this

Your taxation is used to provide services the value of which compound into rents and the price of real estate

Edited by Stars

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  • 200 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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