Originally posted by dotnetter
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Reply to: Boomed!
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Previously on "Boomed!"
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Yes I think workwise London would be better, but there are no lakes in there.
Hi Sandy hope things are well.
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Originally posted by BlasterBates..ah you regret going to Switzerland or just going premie.
Besides, this is no paradise either and workwise, yes, I believe the environment is much better in lil' ol' England. And the swiss efficiency.... oh, yes, that's just a myth .
However, have to admit that the quality of life is much higher here and for an italian, well, you feel half way home (bizarre how I tend to speak english first but then people are more comfortable with the italian language instead)Last edited by Francko; 6 August 2007, 08:17.
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Originally posted by FranckoI have found a contract but then I went for the permie option as it was almost the same money. I do regret it already after a few weeks though.
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Originally posted by DimPrawnYou must be joking.
http://news.bbc.co.uk/1/hi/business/6932304.stm
The average cost of a house in England will break through the £300,000 mark in the next five years, research suggests.
The National Housing Federation (NHF) warned prices are now almost 11 times the average wage and may rise by 40% as supplies fall further behind demand.
Yep, house prices are going up by another 40%. All true, the BBC say so.
I wonder if I can re-mortgage the extra 40% equity in advance to plough into off plan "luxury" buy-to-let flats? Shall I email the link to my building society?
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You must be joking.
http://news.bbc.co.uk/1/hi/business/6932304.stm
The average cost of a house in England will break through the £300,000 mark in the next five years, research suggests.
The National Housing Federation (NHF) warned prices are now almost 11 times the average wage and may rise by 40% as supplies fall further behind demand.
Yep, house prices are going up by another 40%. All true, the BBC say so.
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Time to hit the auctions again.
Who needs a pension
Property property property cheap property
Living off the backs of the unfortunate
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Originally posted by DimPrawnhttp://news.bbc.co.uk/1/hi/business/6929361.stm
The number of mortgages in arrears came in at 125,000 - 3% down on the same period last year.
Home repossessions 'rise by 30%'
So, while the number of mortgages in arrears are 3% down on the same period last year, an estimated 14,000 properties were repossessed in the first six months of the year - a 30% increase on the same time last year.
Depends how you read the article really but I am definitely reading that as DOOMED
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Originally posted by OrangeHopperNeighour is selling his house, which is identical to ours, for £40000 more than last year's asking price for our model. That is greater than a 10% rise.
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Originally posted by Bright Sparkdefinately boomed, china hasn't even started waking up yet, wait until
every chinese want's to buy cars, software and rolex watches.
http://news.bbc.co.uk/1/hi/business/6929160.stm
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When we get a major downturn, which muct happen sooner or later, just how may unemployed will we have? 6 million?
All those eastern europeans in the service industry jobs, will they go or will they stay now?
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Originally posted by DimPrawnhttp://news.bbc.co.uk/1/hi/business/6929361.stm
The number of mortgages in arrears came in at 125,000 - 3% down on the same period last year.
every chinese want's to buy cars, software and rolex watches.
http://news.bbc.co.uk/1/hi/business/6929160.stm
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Prices
AFAICS, prices in London have begun to stagnate, if you are looking arounf the first stamp duty threshold you will see that many are dropping to 250/255 that where 265/275.
Most decent places are way above that price though so we will have to see
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Originally posted by OrangeHopperNeighour is selling his house, which is identical to ours, for £40000 more than last year's asking price for our model. That is greater than a 10% rise.
That is what they are asking for but from what the estate agents I have been talking to have said, not many houses are fetching the asking price at the minute. I am not in London so that market may be different.
A lot of the houses we have looked at over the last 4 months are still on the market. We have just accepted an offer on ours after reducing the price by £15k and are looking to bank the capital (£200k) and rent for 6-12 months while we look for another. Not just gambling on the house market dropping but that we want to live in an area where houses don't come up that often so being a cash buyer is a big advantage.
Still, if the market does take a tumble then we will have timed it quite well!
Fingers crossed...
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Originally posted by FranckoI have found a contract but then I went for the permie option as it was almost the same money. I do regret it already after a few weeks though.
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