Get yer cash pile ready - cheap repo houses a plenty

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chicane replied

3 September 2007, 13:25
Originally posted by Muttley08 View Post

Just be careful where you've got it - under the mattress seems the safest place at the moment...defo not in the bank at least...

It's in the cellar along with my emergency supplies of hay bales and petrol.
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Muttley08 replied

3 September 2007, 13:15
Originally posted by chicane View Post

Sadly I have a mere 350 grand stashed away - not enough for a studio flat in Hackney even when the crash kicks in. Looks like I'll have to pass on this one.

Just be careful where you've got it - under the mattress seems the safest place at the moment...defo not in the bank at least...
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sasguru replied

3 September 2007, 13:11
Originally posted by Lucy View Post

To quote Georgie Best.

(Bad sas)

Yeah everyone knows that
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Lucy replied

3 September 2007, 13:10
Originally posted by sasguru View Post

I spent all my money on wine, women and song. The rest I wasted.

To quote Georgie Best.

(Bad sas)
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sasguru replied

3 September 2007, 12:56
I spent all my money on wine, women and song. The rest I wasted.
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chicane replied

3 September 2007, 12:54
And to think that it took all this time to scrape together that sorry excuse for a cash pile after foolishly blowing everything on the Monaco hillside residence and yacht last year. That'll teach me to be so careless with money.
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ChimpMaster replied

3 September 2007, 12:53
Bl00dy heck how long have you guys been contracting?

Seriously, this morning on the train I was talking to a couple of other guys who knew of contractors earning £650 and £750 a day and it made me feel tulipe!

And now you guys come up with this?
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sasguru replied

3 September 2007, 12:43
Originally posted by chicane View Post

Sadly I have a mere 350 grand stashed away - not enough for a studio flat in Hackney even when the crash kicks in. Looks like I'll have to pass on this one.

Pah! Call yourself a contractor ?
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DimPrawn replied

3 September 2007, 12:41
£350K should be enough for a 5% deposit though.
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chicane replied

3 September 2007, 12:38
Sadly I have a mere 350 grand stashed away - not enough for a studio flat in Hackney even when the crash kicks in. Looks like I'll have to pass on this one.
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dr_beat replied

3 September 2007, 12:15
The forum at http://www.housepricecrash.co.uk/forum/ is quite good on duscussions of house prices. Most of them have predicted some sort of fall but there is the odd few in denial.

What worries my is the effect that a credit crunch/recession/sub-prime crisis etc would have on the IT jobs industry and how this would affect the IT Contractor.
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DimPrawn started a topic Get yer cash pile ready - cheap repo houses a plenty

3 September 2007, 11:54
Get yer cash pile ready - cheap repo houses a plenty

http://money.guardian.co.uk/housepri...160516,00.html

Rics believes the trend will continue in 2008 as interest rates bite for homeowners whose fixed-rate deals have come to an end. It predicts repossessions will exceed 45,000 next year, a figure that would translate into 125 repossessions per day.

Excellent, a steady supply of cheap houses to buy and sell on at a profit later, or use as BTL and become a property millionaire.

It's all looking good folks for those with plenty of cash in the bank!!!
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