Daily Boom

[DimPrawn]

House sales hit 16-month high - Telegraph

Fill yer boots!

 

[BrilloPad]

Recession over. Its business as normal....

The DT keeps going downhill. Its becoming as bad as the Wail sometimes.

 

[MarillionFan]

Did a quick BTL model yesterday. When my new house is built in the summer I can then drawdown the equity and then buy another 12 properties (at one a month) for the next year.

Easy money. Hope the interest rates stay low. Fingers crossed.

 

[Support Monkey]

you either have short memories or were in short trousers the last time the prices took a dive, 1988 they dropped when interest rates were 15%, it took eleven years to start picking up again and every couple of month during those eleven years the daily mail /express and others kept telling everyone the prices were increasing when in fact they had stagnated, just like they have now.

It all goes in cycles this one being no different, there will always be areas where sales are better than others but for the general population house prices are going nowhere anytime soon

 

[BrilloPad]

Did a quick BTL model yesterday. When my new house is built in the summer I can then drawdown the equity and then buy another 12 properties (at one a month) for the next year.

Easy money. Hope the interest rates stay low. Fingers crossed.

Interest rates will be low for a long while. Everyone is too afraid of deflation. So those who borrow to the hilt will always be bailed out.

 

[DimPrawn]

you either have short memories or were in short trousers the last time the prices took a dive, 1988 they dropped when interest rates were 15%, it took eleven years to start picking up again and every couple of month during those eleven years the daily mail /express and others kept telling everyone the prices were increasing when in fact they had stagnated, just like they have now.

It all goes in cycles this one being no different, there will always be areas where sales are better than others but for the general population house prices are going nowhere anytime soon

Base rate is approximately zero. It's free money. 15% mortgages are 100 years away.

 

[BrilloPad]

Base rate is approximately zero. It's free money. 15% mortgages are 100 years away.

rubbish. 10 years of depression. 5 years of ww3. 25 years to forget the lessons. I make that 40 years?

 

[Support Monkey]

Base rate is approximately zero. It's free money. 15% mortgages are 100 years away.

Its very unlikely to go to 15% again but regardless the signs are all the same as the last time, it was only 15% for a short time it then came down but they still stagnated for 10 years before there was any real movment, its good if you can fill your boots with Buy to let but you need to be in it for the long haul if you want to profit from selling

 

[Scrag Meister]

Its very unlikely to go to 15% again but regardless the signs are all the same as the last time, it was only 15% for a short time it then came down but they still stagnated for 10 years before there was any real movment, its good if you can fill your boots with Buy to let but you need to be in it for the long haul if you want to profit from selling

Yes a very short time, a couple of days wasn't it.

 

[Support Monkey]

Yes a very short time, a couple of days wasn't it.

i cannot remember not quite as short has that but probably about 8/9 months then it was back to its usual 8%

regardless the issues were still the same risk of unemployment, social unrest, wider economic issues