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papa_g

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http://property.scotsman.com/news.cfm?id=864682006

First-time buyers should consider family and friends before strangers. With rising house prices, we could even see the possibility of 100-year mortgages in the future, which effectively bring in children and even grandchildren. This would be far more sensible than purchasing with a stranger whose ambitions for the property may be very different to your own.

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Guest Bart of Darkness
This would be far more sensible than purchasing with a stranger whose ambitions for the property may be very different to your own.

I'm sorry, has the meaning of the word "sensible" changed in the last few years (I find it hard to keep up y'know).

Just as bad now means good, wicked means err... very good, does sensible now mean "utterly ludicrous and insane idea that a 5 year old would laugh at"?

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Of course, as we've discussed before, hundred year mortgages are pointless when we already have infinite mortgages: aka 'interest-only'.

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Ah, the old "two-generation" mortgage...

I remember those in the late 1980s in Japan (Kanto region). I also remember what started to happen a couple of years after that...

Natsukashii! (But not necessarily good memories...)

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  • 301 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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