Originally posted by rootsnall
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Boomed! House Prices going through the roof
Collapse
X
-
-
I bought most of my property in the mid nineties. Paid £53K for a 3 bed semi.
Cheap as chips and no one was interested in buying then.Comment
-
Originally posted by AtWBecause those who bought houses at peak prices at the time got broken and had to sell, that's why not everyone bought houses back then.Last edited by rootsnall; 8 February 2007, 12:49.Comment
-
Originally posted by shaunbhoyI proposed doing what all the hostages bar one resolved to do. Sit tight and await a negotiated release. A strategy which paid off handsomely. The only one that put his life in danger was the flighty nervous plonker that plunged headlong into the jungle and had to be fortuitously rescued by stray jungle natives. That panic-induced knee-jerk reaction would have been your option would it churchill? Good grief, Nelson would be spinning in his grave at the thought that a naval man (however tentative the link might be!) could have been so gutless and short-sighted. Still, I suppose being dangled from wifie's apron-strings for so long may have blunted your logic somewhat, assuming you ever had any that is!
Admittedly some of us can assess a situation more effectively and quickly than others as shown by your <eventual> change of stance. Still, you got there in the end, eh?Comment
-
Originally posted by rootsnallNah ! It was 90% sentiment and the masses regarded housing as a bad investment.Comment
-
sasguru,
'I'll be a millionaire after those 10 years.',
are you not a millionaire yet man ?
what's the matter with you ?
by the time you're a millionaire, with your 10 year housing
boom bust cycle plan, you be lucky if your million pounds will
buy you a plate of fish and chips !
Milan.Comment
-
Originally posted by TrollI don't know if it's just me getting older & more cynical but there seems to be a glut of opinion in the media posted as 'facts' - she is hedging her bets by saying that the figures 'suggest' this & obviously at some time (like a broken clock) the doom mongers will be right, even housepricecrash.com. I seem to recall similar predictions in 2006 & 2007.
1. Demand is maintained because the higher amounts of people entering the country
2. Borrowing, especially in higher amounts, has never been easier for everyone and his dog
3. There aren't many mortgage defaults and fire sales, because unemployment hasn't taken off
So prices are bound to leap ahead of the historical norm.
Beware though - there is more debt pressure in real terms than ever before! Who knows how much longer it can keep going - years and years perhaps. Tricks I foresee more of:
1. 50+ year mortgage terms, to be passed down to your children
2. Assisted purchase, where you only buy a proportion of the property and the government (i.e. taxpayer) buys the restComment
-
The time to buy is when no one is buying, the time to sell is when no one is selling.
Buy low, sell high.
Simple.
I'm Spartacus.Comment
-
Originally posted by rootsnallThe problem with the 'waiting for the crash to buy big' strategy is that if you are a cautious type and haven't waded in to the market in the last few years then you won't be the type to buy when its all doom and gloom post a correction. It seems a no brainer now but why wasn't every man and his dog buying property in the mid 90s !?Hard Brexit now!
#prayfornodealComment
-
sasguru,
sounds like you should leave the business to the real business men and stick with your mickey mouse software
Milan.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- How to answer at interview, ‘What’s your greatest weakness?’ Nov 14 09:59
- Business Asset Disposal Relief changes in April 2025: Q&A Nov 13 09:37
- How debt transfer rules will hit umbrella companies in 2026 Nov 12 09:28
- IT contractor demand floundering despite Autumn Budget 2024 Nov 11 09:30
- An IR35 bill of £19m for National Resources Wales may be just the tip of its iceberg Nov 7 09:20
- Micro-entity accounts: Overview, and how to file with HMRC Nov 6 09:27
- Will HMRC’s 9% interest rate bully you into submission? Nov 5 09:10
- Business Account with ANNA Money Nov 1 15:51
- Autumn Budget 2024: Reeves raids contractor take-home pay Oct 31 14:11
- How Autumn Budget 2024 affects homes, property and mortgages Oct 31 09:23
Comment