Property Snake

[pickle]

Time to buy to let. You can cover 75% of the mortgage costs, don't worry if interest rates rise further, you can put the payments shortfall on a credit card. Don't worry about the glut of rental properties and falling real term rents. It will all be made up in the equity rises which will go on forever.

Meanwhile people live in these over priced houses at subsidised rents, you couldn't make it up!

And when you've finished making a pile out of that pretty tale, I have an inside scoop on some tulip bulbs that are set to be the next big thing.....

[scooterscot]

According to the Land Registry figures quoted in today's Mail in most regions of England house prices are at best static or falling. Only London & the SE are they rising
http://www.dailymail.co.uk/pages/liv...e_id=1770&ct=5

Oddly, the Express today has a completely different take and everywhere is booming

I have a mother in Law who speaks Daily mail, it must be true.

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/6707157.stm

The number of new mortgage approvals in the UK fell to a 12-month low in April, Bank of England figures show.
Mortgage approvals totalled 107,000 in April, down from 111,000 in March and the third monthly decline in a row.

In a further indication of weakening buyer demand mortgage lending rose by £8.9bn, much less than expected and the weakest rise since September

Consumer debt rose by only £498m - half what was expected and the smallest increase since March 1997.


Doomed!

[scooterscot]

This is great news...

1) Mortgage approvals fell so we're not borrowing from the banks to buy our property as much

2) Consumer debt rose by only £498m, so we've got our finances under control at last.

Good news all round, statistics where would we be without them?

[Bagpuss]

Flood Noah? what fookin flood?

[GreenerGrass]

Good site, those city folk wanting to downvalue to a place in the country in a few years need prices near London to remain buoyant while the rest of the country faces utter collapse. There is a reasonable chance this could happen as long as the city jobs boom continues, the Olympics and related regeneration etc.
Here's for the ridiculous regional disparity to get even greater.

More immigrants please, but only in and around London.
I'm going to set up sham marriage and legal aid companies to fight deportation. If you can't beat em, join em.

[wendigo100]

More immigrants please, but only in and around London.

The Thames Gateway is being developed for them. Essex and Kent. That should be far enough away from civilisation.

[GreenerGrass]

The Thames Gateway is being developed for them. Essex and Kent. That should be far enough away from civilisation.

Don't forget it had Prescott in charge, most of the plan is barely nearer to being developed than it was 5 years ago.

[Troll]

I'm going to set up sham marriage and legal aid companies to fight deportation. If you can't beat em, join em.

I did read that there is a problem with new arrivals maintaining traditions of polygamy.Might be a good way to get more in & extra wonga - one bloke many wives & scream cultural abuse should the authorities protest

[monkeyboy]

My next door neighbour has just put there house on the market


bought feb2006 for 275k on market for 365K it was a wreck but they have not actually spent any money on it. IE still needs new boiler windows kitchen bathroom

Good return