Who thinks the property market will crash
#32
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Looks like my worry about additional tax on your only home is unfounded (for now!!)
http://news.bbc.co.uk/1/hi/business/3204474.stm
http://news.bbc.co.uk/1/hi/business/3204474.stm
#35
Perhaps lifelong mortgages will become the norm in this country as it is in others i.e. you start the mortgage,pay it until you
die and your offspring carry it on and eventually somewhere down the line the house is paid off. At present the rise in the price of houses is far outstripping the average wage rises so it would
seem something has to change.
die and your offspring carry it on and eventually somewhere down the line the house is paid off. At present the rise in the price of houses is far outstripping the average wage rises so it would
seem something has to change.
#36
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i hope it does crash cos i want a nice 3 bedroom semi with a drive/garage combo in the next few years and ill be ****ed if im paying 120k for one up this way
#38
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IMO the way to approach buying a house is this:
the house i want costs xxxx. to buy it i will need to burrow yyyy. currently i can get a 5 year fixed deal to burrow yyyy at z%. the repayments on the *repayment* mortgage will cost me aa each month. i can afford this, taking into consideration all other debts, expenses, and costs of maintaining the house, yes or no? if no; don't buy it. if yes, do buy it.
very boring strategy but it hasn't made many people homeless.
the house i want costs xxxx. to buy it i will need to burrow yyyy. currently i can get a 5 year fixed deal to burrow yyyy at z%. the repayments on the *repayment* mortgage will cost me aa each month. i can afford this, taking into consideration all other debts, expenses, and costs of maintaining the house, yes or no? if no; don't buy it. if yes, do buy it.
very boring strategy but it hasn't made many people homeless.
#41
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No but it proves how long the discussion has been going on.... 3 years at very least and Im sure it dates back further than that looking at some of the posts.
#43
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#49
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Yes prices will crash, and IMO it will be within the next 18months.
US market is currently crashing, and historically our market has always followed theirs by 6-18months when theyve crashed.
I'm more worried about a sterling crash however - I hope it hangs on for another couple of years by which time I'll be out of here, and watching the ship sink from dryland! (Australia in my case)
US market is currently crashing, and historically our market has always followed theirs by 6-18months when theyve crashed.
I'm more worried about a sterling crash however - I hope it hangs on for another couple of years by which time I'll be out of here, and watching the ship sink from dryland! (Australia in my case)
#50
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#51
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I predict Aston Villa will win the league
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#52
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