House Prices Now At 2004 Levels
23 February 2009, 07:16 PM
#541
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Unemployment will probably be 1.3 million up, on summer 2008, by the end of this year.
How many of those will lose their homes?
I don't think scrapping stamp duty will do anything to stop the crash.
How many of those will lose their homes?
I don't think scrapping stamp duty will do anything to stop the crash.
Last edited by FlightMan; 24 February 2009 at 08:18 PM.
23 February 2009, 08:38 PM
#542
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All I know is prices in my area have gone up by 2% and demand is increasing. I think this will resolve a lot quicker than people think.
I am posturing to start investments, I know its my risk and I know its going to work.
My dad is an Ex city trader/property investor. All his rich rich friends are starting to invest now.
Its time people... its time.
I am posturing to start investments, I know its my risk and I know its going to work.
My dad is an Ex city trader/property investor. All his rich rich friends are starting to invest now.
Its time people... its time.
23 February 2009, 09:59 PM
#544
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Tim! You see the 'green shoots'?
All I know is my commercial mortgage has shot up by £200 a month as the 4.5% fixed rate just ended. Yeb LIBOR is pants- although I'm quids in on my domestic tracker mortgage.
Good prices on 6 series convertibles mind
D
All I know is my commercial mortgage has shot up by £200 a month as the 4.5% fixed rate just ended. Yeb LIBOR is pants- although I'm quids in on my domestic tracker mortgage.
Good prices on 6 series convertibles mind
D
23 February 2009, 10:00 PM
#545
23 February 2009, 10:04 PM
#546
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Anyways, I am dipping out of this discussion now, Just offering a bit of insight from the other half.
There is a reason they are never skint. (they are not ALL crooks)
23 February 2009, 10:06 PM
#547
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All I know is prices in my area have gone up by 2% and demand is increasing. I think this will resolve a lot quicker than people think.
I am posturing to start investments, I know its my risk and I know its going to work.
My dad is an Ex city trader/property investor. All his rich rich friends are starting to invest now.
Its time people... its time.
I am posturing to start investments, I know its my risk and I know its going to work.
My dad is an Ex city trader/property investor. All his rich rich friends are starting to invest now.
Its time people... its time.
If you're 1 of the lucky few who know your job is safe go for it.
If, like the majority of the country right now, you're nervous about loosing your job then you're best to sit tight.
23 February 2009, 10:56 PM
#548
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There is a current blip upwards in the market - I have seen properties selling now.
They must be priced right, and no tatty shacks either, but they are selling.
If the activity stays as it is for 2 months then we are out of the woods I reckon.
They must be priced right, and no tatty shacks either, but they are selling.
If the activity stays as it is for 2 months then we are out of the woods I reckon.
23 February 2009, 11:03 PM
#549
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The 6 new flats built next to our factory have all sold after worry from the builders they would remain unsold for ages.
They are pre fab crap and are as big as rabbit hutches, also our extraction is liking a tornado taking off, if they can sell there is hope for everyone.
They are pre fab crap and are as big as rabbit hutches, also our extraction is liking a tornado taking off, if they can sell there is hope for everyone.
24 February 2009, 09:59 AM
#554
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I witnessed a heated discussion a few years ago at a dinner party, where it ended with a city boy saying to a person living/working in the country
"well I pay your fvcking wages"
mmmm sound a bit hollow now!!!
"well I pay your fvcking wages"
mmmm sound a bit hollow now!!!
24 February 2009, 01:08 PM
#555
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24 February 2009, 01:30 PM
#557
All I know is prices in my area have gone up by 2% and demand is increasing. I think this will resolve a lot quicker than people think.
I am posturing to start investments, I know its my risk and I know its going to work.
My dad is an Ex city trader/property investor. All his rich rich friends are starting to invest now.
Its time people... its time.
I am posturing to start investments, I know its my risk and I know its going to work.
My dad is an Ex city trader/property investor. All his rich rich friends are starting to invest now.
Its time people... its time.
If anyone buys now, due to the Halifax report, they're complete idiots IMO. Let's see what Nationwide bring out for February, should be due soon (and Halifax in early March).
24 February 2009, 04:11 PM
#562
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Damn my 5 year fixed rate, I thought I was being clever being cautious 
Don't worry all, the climate will be back to normal when it runs out and the base rate will have risen etc.
Don't worry all, the climate will be back to normal when it runs out and the base rate will have risen etc.
24 February 2009, 04:20 PM
#563
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According to ONE index when all the others are reporting falls, and there's been very few sales as well, so the index is easily distorted by the lack of data.
If anyone buys now, due to the Halifax report, they're complete idiots IMO. Let's see what Nationwide bring out for February, should be due soon (and Halifax in early March).
If anyone buys now, due to the Halifax report, they're complete idiots IMO. Let's see what Nationwide bring out for February, should be due soon (and Halifax in early March).
He is set to rent them out for 600 a month each, I understand it might take a few months to fill them.
But I bet you one thing, This complete idiot will not loose on these flats. I bet in 2 years this complete idiot makes somewhere in the region of 650k.
Last edited by Timwinner; 24 February 2009 at 04:38 PM.
24 February 2009, 04:37 PM
#564
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Mortgage lending UP in January from December ..... I feel that this is the turning point.
NR are lending up to 90% again ... and are being PUSHED hard to get the market going again (Political reasons I suspect!).
Labour cannot afford to have House prices dropping in the 6 months prior to an Election - they will do ANYTHING to secure rising House Prises before winter this year.
Jump NOW!
NR are lending up to 90% again ... and are being PUSHED hard to get the market going again (Political reasons I suspect!).
Labour cannot afford to have House prices dropping in the 6 months prior to an Election - they will do ANYTHING to secure rising House Prises before winter this year.
Jump NOW!
24 February 2009, 04:41 PM
#565
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So 120k per flat. At 6 percent that means you make a payment of 600 per month interest only. Subtract 1000 per year management costs plus maintenence and he better have some back up cash somwhere. Not to mention stamp duty.
n There are flats in milton keynes you can buy for 105k that rent for 650 per month so don't really think he got a good deal unless
1. he paid alot of cash upfront and does not want to leave it in a bank at 1 percent interest. 2. He secured a very good interest rate.
n There are flats in milton keynes you can buy for 105k that rent for 650 per month so don't really think he got a good deal unless
1. he paid alot of cash upfront and does not want to leave it in a bank at 1 percent interest. 2. He secured a very good interest rate.
Last edited by Luan Pra bang; 24 February 2009 at 04:42 PM.
24 February 2009, 04:58 PM
#566
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So 120k per flat. At 6 percent that means you make a payment of 600 per month interest only. Subtract 1000 per year management costs plus maintenence and he better have some back up cash somwhere. Not to mention stamp duty.
n There are flats in milton keynes you can buy for 105k that rent for 650 per month so don't really think he got a good deal unless
1. he paid alot of cash upfront and does not want to leave it in a bank at 1 percent interest. 2. He secured a very good interest rate.
n There are flats in milton keynes you can buy for 105k that rent for 650 per month so don't really think he got a good deal unless
1. he paid alot of cash upfront and does not want to leave it in a bank at 1 percent interest. 2. He secured a very good interest rate.
This guy built up and sold a massive high street chain, Chances are he knows what he is doing.
He bought them upfront, outright. The monthly fee is £60, the ground rent is £100 a year.
Stamp duty is set at 125k, 10 divided by 1.2 mil is 120 k each.
I am offering some what could be seen as inside information, take it or leave but dont make up sum to try and disprove it.
As with most threads in the non related I am now done here. Gone are the days of questions, now its all about how wrong every other poster is.
24 February 2009, 06:09 PM
#567
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If you read my post you would see that I already said the situation would be different if he had the cash. I do not remember ever accusing this guy of wasting his money but its a simple fact of economics that the yeild percentage available is what will help stabilise house prices.
I am pretty sure my figures are pretty accurate so how did I make sums up ? The point of a discussion board is to discuss so I am not dure what you are so excited about.
I am pretty sure my figures are pretty accurate so how did I make sums up ? The point of a discussion board is to discuss so I am not dure what you are so excited about.
24 February 2009, 07:45 PM
#569
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Chill Tim - you WILL make a killing!!! This is a hot topic so there will be different 'takes' 
D [off to buy some bank and bedding shares - people will always need money or somewhere safe to keep it] D
D [off to buy some bank and bedding shares - people will always need money or somewhere safe to keep it] D
25 February 2009, 09:24 AM
#570
You are a frickin merchant of doom..... Every post is how "the man" is against you or how we are all wasting our money.
This guy built up and sold a massive high street chain, Chances are he knows what he is doing.
He bought them upfront, outright. The monthly fee is £60, the ground rent is £100 a year.
Stamp duty is set at 125k, 10 divided by 1.2 mil is 120 k each.
I am offering some what could be seen as inside information, take it or leave but dont make up sum to try and disprove it.
As with most threads in the non related I am now done here. Gone are the days of questions, now its all about how wrong every other poster is.
This guy built up and sold a massive high street chain, Chances are he knows what he is doing.
He bought them upfront, outright. The monthly fee is £60, the ground rent is £100 a year.
Stamp duty is set at 125k, 10 divided by 1.2 mil is 120 k each.
I am offering some what could be seen as inside information, take it or leave but dont make up sum to try and disprove it.
As with most threads in the non related I am now done here. Gone are the days of questions, now its all about how wrong every other poster is.
The stamp duty threshold is not 125k at all, it's 175k. Here's a link: Stamp Duty : Directgov - Money, tax and benefits