Originally posted by jamesbrown
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Reply to: Getting rich sitting at home
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Previously on "Getting rich sitting at home"
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Sadly Pater who has retired to the Algarve has two properties extant in the UK which I'm supposed to sell.
I doubt my inheritance will be worth much for a while.
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Originally posted by BlasterBates View PostWell they were pretty much spot on in 2009
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Originally posted by jamesbrown View PostPredictions
"I predict that all asset classes are going to sink except the one that keeps me in work, which will go to the moon".
Estate agents are funny.
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Originally posted by BlasterBates View PostUnscathed no, crash also not, predictions currently 3-10% down. I gave up my BTL years ago.
"I predict that all asset classes are going to sink except the one that keeps me in work, which will go to the moon".
Estate agents are funny.
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Originally posted by jamesbrown View PostAround 20% of the workforce is furloughed. Massive redundancies are already happening. House prices are determined at the margins.
The idea that the housing market will weather this unscathed seems a little "unhinged" to me. Unless you're heavily invested in BTL, of course, then it's probably just "putting a positive spin on it"
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Originally posted by BlasterBates View PostAverage salaries down 20% "best scenario", unlikely
The idea that the housing market will weather this unscathed seems a little "unhinged" to me. Unless you're heavily invested in BTL, of course, then it's probably just "putting a positive spin on it"
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Originally posted by jamesbrown View PostWhen? Pre-CV? Yeah, sure.
Best case scenario, 80% of normal salary, no greater than 2.5k PCM, sounds like a lot of stretching on the horizon. Especially for those earning more than 30k pa, which is a lot of people in the SE. I say best case scenario, because furloughed workers will eventually translate into redundant workers in a lot of cases, plus there are redundancies ongoing. If you seriously think that UK housing assets are going to make it through this unscathed, I have a garden bridge for sale at full pre-CV price.
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Originally posted by northernladyuk View PostThe old man wanted his own working space.
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Originally posted by jamesbrown View PostLike 2009?
Mortgage LTVs will decline as the banks de-risk mortgage lending and unemployment will increase dramatically, far beyond the last recession (even with the furlough scheme). Values were stretched coming into this and the London market will follow other, similar, markets around the world. Leveraged BTL is stuffed; rents are already declining and prices follow rents. As for interest rates in the medium-term, it’s difficult to say. The shock is deflationary. The stimulus isn’t.
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Originally posted by OwlHoot View PostChortle!
Time, methinks, to revisit Terrible real estate agent photographs to see any recently added comically awful photos with commentary!
Loving this one:
Terrible real estate agent photographs - This bath was brought to you by the letter H and...
I'm actually crying, I'm laughing so much.Last edited by ladymuck; 1 May 2020, 14:17.
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Originally posted by vetran View PostWhat the 60s meets the Raj & Africa?
Its the B(ed)arage that gets me.
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Originally posted by ladymuck View PostIt's this type of des res that we should all be aspiring to.
Rightmove four-bed home advert leaves people feeling ‘baffled' after they look inside - Mirror Online
.. the absolute certainty that a murder has happened on the premises. ..
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