^^^^^^^^^^^^^^^

Oh be jesus......

Is that what once was an interesteing thread is reduced to ????

 

Seems so, FSF. Thing is you see, when you've read our little "exchange" so you can post your very valuable contribution, and STILL you come out with;

It does my ******* head in. Sorry but it does.


But anyway, back on topic. House prices. House across the road from me sold within four days earlier this week. Needed a lot doing to it too. You don't often see houses on my road up for sale, but even so, i thought four days was impressive.

 

Bloke at work put his house on the market last week, 2 days and 3 viewings later he had 2 offers.

Asking Price £210k, 1st offer £180k - turned down, 2nd offer from different buyer was £206k - accepted.

The first offer was from someone who had been looking for 12 months - they have clearly waited too long and have missed the bargain time, but are still trying it on. Second buyer is new to the market and has bought.

In 3 months we will (not just me) wonder what all the fuss was about!!

 

You must live in a **** hole Pete if houses where you are sell for £200K!!

 

Yes UK plc is doing very well. Thats why they have been warning by the ratings agency that govt debt might have its AAA rating down graded

 

this is a very long winded thread that basically has, at it's heart, the simple fact that the housing market is just that a market.

and prices will reach a level that the market can bare, taking into account what we know about markets – i.e. that they are sometimes irrational and can rely too heavily on blank sentiment with little regard to the underlying fundementals.

anything priced right will sell, whatever the state of the market.

Bears **** in the woods after all!!!

 

Bloke I am speaking of lives 20 miles away ....... and it's an Ex-Council House, on an Ex Council Estate - and we know what that does to property prices ..

But, point I was trying to make was that it sold in a couple of days.

 

there is a little word in that which renders the rest rubbish ..... that's the word 'MIGHT' ................... like the World MIGHT End Tomorrow!

 

"The number of homes repossessed in the UK fell 10% in the second quarter of the year compared with the previous three months, lenders say"

Like I said, all done and dusted ......

 

The ying to your yang ==> Number of home owners falling behind with mortgage repayments rises, CML says - Telegraph

Steve

 

Well, the Express tells us today that we should all cheer up - it's finished, all over, roses are flowering and all is well .................. told you so!!

 

The same Dianna fixated Express that was sued by the McCanns for spouting inaccurate sh1te over a sustained hate campaign?

Steve

 

That's the one .....

 

How do you think it will be when we have to start paying the interest on the national debt of close to a trillion, and cope with the inflation caused by "quantative easing", and not to forget all the PFI charges?

Les

 

Emissions trading? It's the only tax gauranteed to grow.

 

Another 2.x pence on petrol at the start of the month.

 

With this cr@p summer and this massive debt to repay I think now is the time to leg-it! Those of us that have been wise and chosen Mattress Banking PLC 'always a soft landing' may yet be found larging it outside the Euro zone where we can even even afford a cup of coffee from a cafe!!

D

 

The taxpayers are going to make one hell of a profit off the Banking Shares it owns .... that should sort it - seems like Labour have done a fantastic job IMO

 

That is true with the bank shares 69p a share and if they rise back to £10 or what ever they were. Most of the money the government has spent has all be loans so the debt will be cleared sometime ???

 

 

Yep..

I was looking at getting a loan to finance a bit of an extravangant purchase.. Never had a loan and have cash in the bank.Dont owe a penny to anyone anymore either,but it cost more to borrow money now than it did 5 years since...

I thought the interest rate had gone down ???

All political bollocks as usual is it ?

 

If you have never had a Loan before - how do you know it costs more now than 5 years ago?

What APR are you being quoted?

 

Because i looked 5 years ago about borrowing cash,but used mt savings to pay off my existing mortgage..

APR quoted was 7.9% from A&L,thats who we currently bank with..Pretty sure it was 6.5% when i last enquired..

But thought borrowing was cheap now as the BOE base rate is so low..

 

Banks are not lending to each other at the base rate ..... neither are they paying wise savers 0.5% either.

I am getting 4% - they cannot sell a Loan to you at less than about 8% I wouldn't have thought?

 

yea..

There is a couple at just under 8%,nationwide being the cheapest IIRC.

What i was tryng to imply was,despite all this low interest feather preening by NL and the BOE,nobody is actually benefitting from it...

 

No-one was supposed to benefit from it .... not us mere mortals, it was done to save the world economic system - seems like it has succeeded?

 

You think ?? Even though we have had to employ quantative easing to the tune of £125billion,And interest rates are the lowest they have been in 300yrs+ ??

Think its far too early to tell really.

I thought part of the interest rate fall was to benefit borrowers and house buyers ? In turn,kick starting the housing market and consumer spending.

With the drop in house prices and interest rates,houses should be being snapped up.Thats not happening,even though the market seems to be pulling out of the downward spiral we have been in for 18 months or so.

Local high streets are still looking grim as small businesses are closing down and people lose there jobs.

I think 2010 will be a pivotal year..We will either see a "real" visual upturn in the economy or reality will bite with high interest rates and continued downturn in consumer spending,and all the implications that it brings.

 

How many years do you think it will take to clear a national debt of close to £1 trillion as well as paying off the interest? Where is that money going to come from?

Les

 

I thought all that profit that they are showing at the moment was going into obscene salaries and bonuses for all those who were responsible for the recession in the first place!

Your heros are as weak as water when it comes to dealing with them!

Les

 

BBC News today states Britain is coming out of the recession .A little bit later than I reported it but hey ,!!!!!!

As for interest rates ,yes they came down for people who have already borrowed ,but that does not mean the Banks will then lend at such low levels to new customers.Hence unsecured loans are much higher than they were a couple of years ago .And you wont get a new mortgage anywhere near .5% or indeed 1,2 or 3% .