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So They Reckon This Market Is Up Up And Away, Right

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Two articles from Saturdays Yorkshire Post Property Suppliment. Whilst these articles are not complete because of scanning limitations, I reckon anybody with a brain in their head will get the message loud and clear.

I love the How we got a foothold on the property ladder Sarah bless her, is obviously banking on selling her flat on in the future to another FTB who obviously comes into a bigger inheritance then herself.

Tip: anybody struggling to read the print, if you are using the FireFox web browser [who in their right mind would use anything else] you can download a "Zoom Image" plugin.

YPFTB0003.jpg

Edited by Catch22

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Two articles from Saturdays Yorkshire Post Property Suppliment. Whilst these articles are not complete because of scanning limitations, I reckon anybody with a brain in their head will get the message load and clear.

I love the How we got a foothold on the property ladder Sarah bless her, is obviously banking on selling her flat on in the future to another FTB who has obviously comes into a bigger inheritance then her.

Tip: anybody struggling to read the print, if you are using the FireFox web browser [who in their right mind would use anything else] you can download a "Zoom Image" plugin.

YPFTB0003.jpg

Ahh, poor Sarah. Come the crash she'll have a huge debt and no job. :( The other couple sound the same as a couple interviewed in the Times this week (there can't be that many tennis coaches in Yorks?). Is there a shortage of FTB's to discuss flay buying with?

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Wouldn't Jenny be a lot happier if she rented so she could get her hair and nails done!

Seriously though - its very sad that she's mortgaged herself up to the hilt at the age of 22 - way too young to have that sort of millstone round anyones neck (and 100% interest only as well)! She could be having a life!

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Wouldn't Jenny be a lot happier if she rented so she could get her hair and nails done!

Seriously though - its very sad that she's mortgaged herself up to the hilt at the age of 22 - way too young to have that sort of millstone round anyones neck (and 100% interest only as well)! She could be having a life!

Aah, but she has "a foothold on the ladder", a headstart on the path to riches that is the UK property market. I suspect she has been egged on by her relatives, with whom she will be very, very pissed off in a couple of years (especially as she has bought a rabbit hutch in a new development = future council flat).

Her life is over before it even started.

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Her life is over before it even started.

Still, at least she can go bankrupt at 25 and start again.

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Seriously though - its very sad that she's mortgaged herself up to the hilt at the age of 22 - way too young to have that sort of millstone round anyones neck (and 100% interest only as well)! She could be having a life!

It could be considered penury for working as an estate agent!

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They have a £115,000 interest-only mortgage, which means they do not pay any money off the capital sum borrowed. Their repayments are £470 per month.

[...snip...]

"We have an interest only mortgage for the first two years, which means the repayments are low and less than it would cost to rent."

Seems that neither Sharon or Sarah understand the difference between repayments and interest?

Tip: anybody struggling to read the print, if you are using the FireFox web browser [who in their right mind would use anything else]...

Camino users.

...you can download a "Zoom Image" plugin.

Mac OS X also has its own Zoom.

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Seems that neither Sharon or Sarah understand the difference between repayments and interest?

Obviously the banks get them used to a certain percentage of their income disappearing each money and then "do this to start with then you can always switch to repayment after two years", it's true that the poor girl may not realise the full implications of this or may just assume the change is automatic, or the fact IO is just renting from the banks with full exposure to the downside.

What have they penciled in for 2 years in the future, 50% wage hikes, 1% interest rates or just worry about it when the time comes? Somewhere over the rainbow...

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Jenny's GOING TO GET TO GET BURNT ALIVE!.............The type of property she has bought is guaranteed to lose 40% of its value even if the market for conventional homes holds up......Her case expains why high prices are accepted by most people and how they've remained high

Edited by Michael

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What a great scam this boom as become.

It now has more in common with dotcom than

it has with the last crash.

I’m glad newspaper articles are being recorded here.

I wished I’d kept some news articles from the last crash

when they printed story of hardship and suffering, caused by

the public believing sales-people last time. :angry:

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"They have a 115,000 interest only mortgage... The repayments are.... "

Erm surely that's the interest - nothing's getting repaid. Hard to get objective journalism in local papers when the bulk of their revenue comes from property advertising and this is a property supplement.

"We'll probably move in three years...."

Wanna bet....

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Ahh, poor Sarah. Come the crash she'll have a huge debt and no job. :( The other couple sound the same as a couple interviewed in the Times this week (there can't be that many tennis coaches in Yorks?). Is there a shortage of FTB's to discuss flay buying with?

Even if there were a crash the most that house prices will fall in real terms from peak to trough is 20% which is a tiny amount given that house prices have trebled in the past ten years.

Many people are living in a fantasy World if they think that a property crash will somehow make property cheap. Property will always remain expensive, and it is just wishful thinking that a property crash will solve the problems of the STRs.

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The part of the part of the article I could not fit in the scan, states "Sarah is a public relations manager at Harrison Cowley PR Leeds. Adds Darcre Son and Hartley are clients of ours and they advised me to buy off plan"

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Even if there were a crash the most that house prices will fall in real terms from peak to trough is 20% which is a tiny amount given that house prices have trebled in the past ten years.

Many people are living in a fantasy World if they think that a property crash will somehow make property cheap. Property will always remain expensive, and it is just wishful thinking that a property crash will solve the problems of the STRs.

I haven't got any problems thank you - quite happy with cash in bank

And if you really believe that new build flats will only lose 20% of their value in a crash then you ae being somewhat naive

And as for the tennis coach - "we'll use the equity to put down a bigger deposit on a house" - needless to say any equity they make in their flat will soon be wiped out by the added increase in cost of a house, SHOULD prices rise further - especially as they won't have paid anything off

Edited by the end is nigh

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Wouldn't Jenny be a lot happier if she rented so she could get her hair and nails done!

Seriously though - its very sad that she's mortgaged herself up to the hilt at the age of 22 - way too young to have that sort of millstone round anyones neck (and 100% interest only as well)! She could be having a life!

Isn't she the one who is planning to use the equity in the flat to put a bigger deposit down on a house? Even though she has an IO mortgage. On a newbuild flat?

So that's her safely on the ladder. Provided her one-way bet that the newbuild flat she bought will appreciate works out.

Sheesh!

Billy Shears

Even if there were a crash the most that house prices will fall in real terms from peak to trough is 20% which is a tiny amount given that house prices have trebled in the past ten years.

Many people are living in a fantasy World if they think that a property crash will somehow make property cheap. Property will always remain expensive, and it is just wishful thinking that a property crash will solve the problems of the STRs.

And how do you know that the most property will fall is 20%?

Billy Shears

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Even if there were a crash the most that house prices will fall in real terms from peak to trough is 20% which is a tiny amount given that house prices have trebled in the past ten years.

Many people are living in a fantasy World if they think that a property crash will somehow make property cheap. Property will always remain expensive, and it is just wishful thinking that a property crash will solve the problems of the STRs.

hi Bruno ;)

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Morrisey predicted all this 17 years ago, or is it that things have not changed that much.

Interesting drug song lyrics

There are some bad people on the rise

There are some bad people on the rise

They’re saving their own skins by

Ruining other people’s lives

Bad, bad people on the rise

Young married couple in debt

- ever felt had ?

Young married couple in debt

- ever felt had ?

On a government scheme

Designed to kill your dream

Oh mum, oh dad

Once poor, always poor

La la la la la

Interesting drug

The one that you took

Tell the truth - it really helped you

An interesting drug

The one that you took

God, it really really helped you

You wonder why we’re only half-ashamed ?

Because enough is too much!

...and look around ...

...can you blame us ? can you blame us ?

On a government scheme

Designed to kill your dream

Oh mum, oh dad

Once poor, always poor

La la la la la

Interesting drug

The one that you took

Tell the truth - it really helped you

An interesting drug

The one that you took

God, it really really helped you

You wonder why we’re only half-ashamed ?

Because enough is too much!

...and look around ...

...can you blame us ? can you blame us ?

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  • 337 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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