Originally posted by HRH
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100% consistent then. That's good
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My ex-gfs brother and mother paid to go on one of these. Several k for two places.One good thing is that those scammy "seminars" on get rich quick (via BTL) sold for like £2-3k per place would probably stop - a lot of stupid people have already paid the money for those though.
Basically the parents are well off and they wanted to set the eldest son up with a decent career. He has a degree in sports science and is working as a personal trainer. An honest living but not making the big bucks. So he was going to be a landlord.
He bought his first place in summer 2007 which is looking at being the absolute peak of a bubble.Comment
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What if the years when the prices fall they do so at over 3x the rate they rise in the years they riseOriginally posted by sasguru View Post
Exactly.Originally posted by Diver View PostI've just been wandering around the local estate agents, Looking for a couple of cheap houses to buy, Phone is ringing off the hook with people wanting to rent.
Prices are dropping, nearly 30% of the houses on offer have price reduced labels.
In the past week, houses in the £150,000-£175,000 range have dropped an average of £5,000. Houses in the £175,000-£200,000 have dropped an average of £7,000.
Soon be plenty of cheap properties to buy, so I will wait til it hits bottom
A lot of people have made a lot of money from BTL. I haven't. However I absolutely refuse to cry any ****er with a house a river. One of the reasons I didn't buy a house was that I don't believe in paying anything to get on the housing "ladder". These silly ****ers that paid £250k for a new build flat becuase they "had to" are as much to blame as crazy BTL people thinking that they can make millions without risk. Ever.
Roll on the crash.
At the moment my favourite sport is viewing houses and commenting that its probably worth about £20k less than its on the market for. I like watching the owners faces.
It makes it even better when they are a David Wilson couple. Both young, newly weds, both "professionals" (aka tulip permies who think they have a career) thinking about having kids realising that there home is going down the tubes.
I give bonus points if they have a golden retriever running around.Comment
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Originally posted by Sockpuppet View PostWhat if the years when the prices fall they do so at over 3x the rate they rise in the years they rise
Exactly.
A lot of people have made a lot of money from BTL. I haven't. However I absolutely refuse to cry any ****er with a house a river. One of the reasons I didn't buy a house was that I don't believe in paying anything to get on the housing "ladder". These silly ****ers that paid £250k for a new build flat becuase they "had to" are as much to blame as crazy BTL people thinking that they can make millions without risk. Ever.
Roll on the crash.
At the moment my favourite sport is viewing houses and commenting that its probably worth about £20k less than its on the market for. I like watching the owners faces.
It makes it even better when they are a David Wilson couple. Both young, newly weds, both "professionals" (aka tulip permies who think they have a career) thinking about having kids realising that there home is going down the tubes.
I give bonus points if they have a golden retriever running around.
Mortaged to Let (MTL)
Confusion is a natural state of beingComment
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It never ceases to amaze me how many pompous, obviously ill-educated cnuts populate this board.Originally posted by Sockpuppet View PostWhat if the years when the prices fall they do so at over 3x the rate they rise in the years they rise
Exactly.
A lot of people have made a lot of money from BTL. I haven't. However I absolutely refuse to cry any ****er with a house a river. One of the reasons I didn't buy a house was that I don't believe in paying anything to get on the housing "ladder". These silly ****ers that paid £250k for a new build flat becuase they "had to" are as much to blame as crazy BTL people thinking that they can make millions without risk. Ever.
Roll on the crash.
At the moment my favourite sport is viewing houses and commenting that its probably worth about £20k less than its on the market for. I like watching the owners faces.
It makes it even better when they are a David Wilson couple. Both young, newly weds, both "professionals" (aka tulip permies who think they have a career) thinking about having kids realising that there home is going down the tubes.
I give bonus points if they have a golden retriever running around.
What a nob.If she weighs the same as a duck, she's made of wood. And therefore a witch!Comment
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There will not be a housing crash. Interest rate cuts are now on the cards starting with a .25 per cent cut tomorrow......... a cut of .5% is even being predicted!!
Business bankruptcies were up 8.5% in the first quarter of 2008 so the authorities are well aware that we need a major boost to the economy. The resident house-price doommonger Atw is going to be very disappointed over the next few months as interest rates fall rapidly and liquidity improves as the Bank of England relaxes the purse-strings by lending to the banks against equity.
The result will be only a minor stagnation in house prices over the next few months, and absolutely nothing like a 50% collapse.
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You get judged on what you post, and strangely most people don't have a hotline into what your really thinking every time you post.Originally posted by Sockpuppet View Post
Or should we just take everything you say as complete bollocks and leave it at that?Hang on - there is actually a place called Cheddar?? - cailin maith
Any forum is a collection of assorted weirdos, cranks and pervs - Board Game Geek
That will be a simply fab time to catch up for a beer. - Tay
Have you ever seen somebody lick the chutney spoon in an Indian Restaurant and put it back ? - CyberghoulComment
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And they all lived happily ever after.Originally posted by Cyberman View PostThere will not be a housing crash. Interest rate cuts are now on the cards starting with a .25 per cent cut tomorrow......... a cut of .5% is even being predicted!!
Business bankruptcies were up 8.5% in the first quarter of 2008 so the authorities are well aware that we need a major boost to the economy. The resident house-price doommonger Atw is going to be very disappointed over the next few months as interest rates fall rapidly and liquidity improves as the Bank of England relaxes the purse-strings by lending to the banks against equity.
The result will be only a minor stagnation in house prices over the next few months, and absolutely nothing like a 50% collapse.
Boomed!Comment
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