It's true - houses just aren't moving

MissMoneypenny

mewbie wrote: »

Now I do not want to get into a pointless political argument. There is plenty of archive material now available which deals with the history of the miner's strike. It could be argued that Scargill's hand was forced by Thatcher into a fight that she, and probably he, knew the miners could not win.

So maybe he did not choose the time of the battle, and was not perhaps thick. He was however beaten, and the argument, as with most history, will continue over the rights and wrongs.

I was working in London when Scargill use to love to try to bring the country to it's knees with his strikes. He seemed to be drunk on his power. We had to work by gaslights. Several off us around one light. We weren't able to work every day because of the lack of fuel. Everyone worked together (apart from the minors) to try to keep the country going. I was fortunate to be working for a large bank, so they always paid us a full weeks work. Others weren't so lucky.

I was living in a mining village in Wales when Maggie lured Scargill into another strike, but this time in the spring. It took his union members ages to work out what Maggie had done and that Scargill had fallen into a trap. Then out came the cardboard boxes, with signs asking for people to put food in the boxes for them, as their money was running out. The boot was now well and truly on the other foot.

I remember having to hide in a doorway with my young baby in a pram, as the minors decided to charge down the street in their anger. They had been use to stiking to get what they wanted and now they were turning very angry. Then I heard this loud noise, which turned out to be the police in full riot gear, running at the mob. The minors turned and ran away.

My sister's boyfriend was in the police during the minors strike and earned enough in overtime to be able to put a deposit on his first house.

LittleMissAspie

mircea wrote: »

My point is that rents are far too high to allow you to save for a decent deposit.

My boyfriend and I are managing it. We live in an expensive part of the country (Cambridge) and earn under 2x average wage between us (47k total). Yet we'll end up with 25k savings in 2 year's time.

Wages are not too low, as you said in a previous post. House prices are too high - they are out of kilter with everything else.

MissMoneypenny

EdInvestor wrote: »

If you are an FTB, you have little choice but to rent and save.

FTBs do have a choice Both my children (in their early 20s) could get a mortgage if they wanted as they have a good deposit each, a good credit rating and an above average wage. However, there is no point in buying now when todays bargain is tomorrows overpriced house.

Those FTB that need a 100% - 125% mortgage and no questions asked about their finances, will not have a choice. The days of silly lending have backfired on the banks and I doubt they will be in a hurry to be so generous again.

WTF?_2

MissMoneypenny wrote: »

I remember having to hide in a doorway with my young baby in a pram, as the minors decided to charge down the street in their anger. They had been use to stiking to get what they wanted and now they were turning very angry. Then I heard this loud noise, which turned out to be the police in full riot gear, running at the mob. The minors turned and ran away.

My sister's boyfriend was in the police during the minors strike and earned enough in overtime to be able to put a deposit on his first house.

Man - I thought that feral kids were a 21st century phenomenon but it sounds like it was just as bad with the minors back in those days too

mewbie_2

MissMoneypenny wrote: »

Scargill...drunk on his power...etc.

I too remember hiding in a doorway with my young baby, as the police baton charged everyone in sight. That damn miner's strike. No.. wait a minute.. I'm thinking of the poll tax riots.

Memories eh? Who'd believe it, eh?

mewbie_2

EdInvestor wrote: »

If you absolutely must move, consider renting out your existing place and your new place, rather than wasting time and money discovering that you can't sell.

Where are you going to live if you've rented them both out?

moanymoany

In Geriatrica-sur-mer where we are hoping to buy late this year I notice three houses that have been around for months have gone under offer. However, it will be really interesting to see how much they actually sold for when the figures come out!

tomstickland

mircea wrote: »

As always the doom - mongers on this board are talking crepe. The housing market has stopped because the bank will not lend anymore. Not to people with good credit and big deposits, not to people with bad credit and no deposits. The banks are not lending money to anybody - as simple as.

Why do you accuse !!!!!! of "talking crepe" and then go on to say the same thing as him. ie: a lack of lending has caused prices to drop.

Banks are still lending money - I was accepted in prinicple for a remortgage from a different lender last week.

tomstickland

neverdespairgirl wrote: »

Northern Rocks's SVR isn't worse than lots of other banks, as I understand it.

SVR at most banks isn't much worse than a lot of their "deals". But it is worse than a lot of the rates people did have which are now ending.

This is true.
I had a 4.2% fix with Halifax.
The SVR is 7% and I've just paid for a fix at 6.5%. The best fix I could find was 5.99% and the fees made that not worth it for me. ie: only 1% better than the SVR.

mr.broderick

dopester wrote: »

You mean most of the HPI cheerleaders and the "no crash coming" crowd?

Yeah it is a bit strange how they've shut up as prices have begun crashing.

The UK sheeple have got a bigger shock coming to them about the "value" of their houses than Neo had in Matrix 1 when awaking from the Matrix to find everything he held true was in fact not the actual reality.

I'm so glad my liquidity isn't all trapped in UK property. I'm so, so glad.

I was actually referring to nelly,sortofok,dolce vita,squatboy ect..all extreme bears i hastent to add ...