Property will stay in the doldrums

robin_banks

Fair point DD, on a personal level I agree with you, my point is aimed at pp who defines her 'wealth' by a spurious valuation of her property, as such she is 'depreciating'.

mystic_trev

Housing expert John Wriglesworth said: “I do not believe we will have a price crash. We are an overcrowded island with an ever-growing population. People have an innate desire to be home owners and supply is short.



In those circumstances I think there is more chance of finding Elvis on the moon than house prices crashing over the next five years. Prices may not be rising as sharply as they have been but there is no sign of them going into freefall either.

http://www.dailyexpress.co.uk/posts/view/39552#

House prices may fall a further 20% if lenders refuse to start lending again, warns housing market guru John Wriglesworth.

http://www.mortgagestrategy.co.uk/cgi-bin/item.cgi?id=176477&d=403&h=401&f=402

robin_banks

John Shuttleworth has more idea.

fatpig_2

pickledpink wrote: »

- I own my house OUTRIGHT - so it makes no odds to me!:p

in this context, house = caravan

I bet it gets really cold in the caravan park at this time of year, need to wrap up well

fatpig_2

mystic_trev wrote: »

http://www.dailyexpress.co.uk/posts/view/39552#




http://www.mortgagestrategy.co.uk/cgi-bin/item.cgi?id=176477&d=403&h=401&f=402

Wow! That's some serious backtracking there! He must have graduated from the same school of Economics as Krusty & Phil.

WTF?_2

fatpig wrote: »

Wow! That's some serious backtracking there! He must have graduated from the same school of Economics as Krusty & Phil.

He actually did the turnaround a few months back on a Moneyweek panel discussion - there's a podcast out there somewhere as I listened to it.

At least he admits he got it wrong and isn't trying to backpedal and spin.

Dithering_Dad

robin_banks wrote: »

Fair point DD, on a personal level I agree with you, my point is aimed at pp who defines her 'wealth' by a spurious valuation of her property, as such she is 'depreciating'.

Fair point right back, rb. PP does seem to wield her equity like a weapon on this website. The thing she doesn't seem to grasp is that because it's an anonymous site no one cares; because either no one believes her or because no one knows her. How can you be jealous of a stranger?

It's also a sad state of affairs if people have to boost their egos by bragging to strangers about wealth that they may or may not actually have.

Conrad

I keep missing out on these slanging matches. Bad timing as ever. Is there feed for 'newest slangers' I can hook up to?

neverdespairgirl

Dithering_Dad wrote: »

I had seen that rumoured on the forum for a while, but thought I'd ask the question. Hopefully pp with respond and let us in on any mortgage overpayment secrets s/he has. I could do with some, my mortgage free challenge is stalling a bit now.

What we know about PP's house:

I've got 2 garages actually - adjacent to my beautiful house.:p

Jealous are you?

http://forums.moneysavingexpert.com/showpost.html?p=13465057&postcount=121

She paid £525k for it in 2007:

I paid CASH for it after selling my previous one last year - for £525.000 to be precise!

http://forums.moneysavingexpert.com/showthread.html?p=15609165#post15609165


She likes it:

There is nothing more comforting and homely than living in a lovely, sumptious home filled with comfortable fine furniture and relishing in the comfort and spaciousness of it.

http://forums.moneysavingexpert.com/showpost.html?p=14058563&postcount=147

It's freehold, not leasehold:

Are you dense, Nenem?

I don't have a mortgage.................

Read......and LEARN!

Oh, and my property is Freehold - I own the land it's built on. And as for you saying the council could come along and and build a motorway through it...................:rotfl: :rotfl: :rotfl:you're bonkers!

And jealous.:p

http://forums.moneysavingexpert.com/showpost.html?p=13635841&postcount=62

She has a large designer kitchen, with integrated units, including a new £1,000 tumble dryer:

Ha! YOU obviously can't digest informaion properly!

Yes, I DID buy my property in the last year - for cash - after I sold my previous house.:p

As for the tumble-dryer (of which I subsequently bought) I needed an INTEGRATED CONDENSER type (all my units are fitted) and those dryers cost about a grand. I thought that was expensive - seeing as most dryers are only about £250!

It had NOTHING to do with space (my kitchen is LARGE:p ) but I didn't want to spoil the neat lines of my designer kitchen by having any old dryer stuck in the middle of it! PLUS, I needed an INTEGRATED one so as to cover it with the door which matches the rest of my kitchen units.

I suppose you wouldn't know about integrated appliances - in fact, I doubt you even have a tumble dryer!!:rotfl:

http://forums.moneysavingexpert.com/showpost.html?p=13634525&postcount=50

She lives in a "nice area" and not on a "sink estate".

Thank God YOU'LL never be able to afford to buy...................you'd drag the neighbourhood down.

The words SPONGE and SINK ESTATE spring to mind.

Yeah but, no but, yeah but, no but......................

Ever heard of the words WORK, PRIDE and GRAFT?

Sounds like you and your parents are lazy lards who want everything done for them without getting off their fat butts!

http://forums.moneysavingexpert.com/showpost.html?p=13622145&postcount=31

lostinrates

Dithering_Dad wrote: »

It's also a sad state of affairs if people have to boost their egos by bragging to strangers about wealth that they may or may not actually have.

I do so like it when we agree DD. I don't mind people talking in figures bcause its useful to see their (hopefully truthful) experience. I share numbers too, but I think its odd when people make associations on 'wealth' and investment choices not character and circumstance. I couldn't care less how much someone has got, so long as thy came by it legally and spend it legally, ( preferably somewhat morally).