Sunday, Dec 20, 2009

Of course if you rent, this isn't an issue

BBC news: High cost of living proves costly for flat buyers

Best line here: "Once the market picks up, we want to move". Best get settled then - you'll have a looong wait.

Posted by paul @ 10:34 AM (1785 views)
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7 Comments

1. tinker said...

People are so stoopid! Don't they realise that 'if' the market picks up for them, it will pick up for everyone else - there is no gain, only relative increases in indebtedness.

Sunday, December 20, 2009 11:35AM Report Comment
 

2. Tamaradelem said...

i dont think thats the issue, they probably mean pick up enough to take them out of negative equity, but like the other guy said they will be waiting a good decade for that to happen probably and even then it wont be through asset appreciation but through having paid enough of the original mortgae off

Sunday, December 20, 2009 11:56AM Report Comment
 

3. rumble said...

"We have a gym and a concierge, security cameras and a management agent to look after things." Look, it's shiny! New builds... An estate of 10 buildings giving the population density of Mumbai, complete with cereal box walls to bring the soothing sounds of neighbours' washing machines and cupboard doors, someone else's taste in music from another building, train engines from the adjacent track, boy racers between the buildings, build quality to rival aforementioned cereal boxes. New born slums.

Sunday, December 20, 2009 12:17PM Report Comment
 

4. sovietuk said...

"£200 a month in service charges" - talk about fleece the tenant/flat owner/homeowner.

Sunday, December 20, 2009 12:34PM Report Comment
 

5. This comment has been removed as it was found to be in breach of our Blog Policies.

 

6. crunchy said...

4. techieman said.... 'Thats even IF there is no "dodgy dealing" which is of course is unhead of in east london - gawd blimey guvnor stone the crows.'

You have been watching too much of Mary Poppins lately. You should take that chimney sweep out from up your ar8e before you choke

on the soot. Is the carbon tax on what you breath not enough? Humbug!

Sunday, December 20, 2009 03:01PM Report Comment
 

7. techieman said...

ouch! Le crunch

Sorry but there's only one answer to that:

DUMB diddle diddle diddle DUMB diddle di

Sunday, December 20, 2009 11:12PM Report Comment
 

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