Felixstowe Docks in trouble?

FungusFighter

drbeat wrote: »

He's working at the port today. Probably up to his neck in paperwork.

Never stopped him before! He does his most insightful posting at work, got time to think:j

No, I think he's shy about sharing the secret of his success

mewbie_2

FungusFighter wrote: »

No, I think he's shy about sharing the secret of his success

Well, I wish I knew how to get a 600k house. Unless the answer is borrow 599k.

drbeat

mewbie wrote: »

Well, I wish I knew how to get a 600k house. Unless the answer is borrow 599k.

750k if one had gone for Northern Crock Together deal

FungusFighter

mewbie wrote: »

Well, I wish I knew how to get a 600k house. Unless the answer is borrow 599k.

Do you think that's his secret?:rolleyes:

How much do you think it's worth now though - £600k at the peak, ......???

No wonder he's stuck on the lavvy!:rotfl: :rotfl: :rotfl:

mewbie_2

FungusFighter wrote: »

No wonder he's stuck on the lavvy!:rotfl: :rotfl: :rotfl:

I think the joke is something like..
"the bottom's fallen out of my world"
"oh no, the world's fallen out of my bottom"

FungusFighter

mewbie wrote: »

I think the joke is something like..
"the bottom's fallen out of my world"
"oh no, the world's fallen out of my bottom"

Thais thread isn't panning out, in fact it's gone down the toilet :beer:

drbeat

FungusFighter wrote: »

Thais thread isn't panning out, in fact it's gone down the toilet :beer:

hehe...I want Vinegartits back in the loop! Now he really stirred the !!!!!! up!

pickles110564

FungusFighter wrote: »

Been waiting for you to comment Pickles me old bull on your 10 plus times mortgage, deposit or no deposit and assorted other discrepancies.

Dying to know if your still expecting to get £600k plus for the latest one too or are you sitting in a shell counting the paper profits?:rotfl: :rotfl: :rotfl:

Sir, the main residence is worth around £500k in this market and the total outstanding mortgage including BTL is £465k.
Of course everything is paper value but I would (because of the area) still be confident of selling the main residence if I needed to.
The BTL's have all got tenants in (at the moment) but who knows what is around the corner.
I am lucky because I will keep my Job through this recession because the PORT is in a strong postion. I just feel sorry for the Home owners out there that have jobs in the retail sector they must be going through hell at the moment not knowing if they will have jobs in the new year.
I feel even more sorry for the STR's who banked on getting a good interest rate on their pots and not realising that what they wished for could also be their own undoing.

pickles110564

mewbie wrote: »

Well, I wish I knew how to get a 600k house. Unless the answer is borrow 599k.

Mewbie, I have never lost yet in all the projects that I have renovated and wont on this one too.
In a few months time it will be worth starting to find the next project as well because prices will start rising again and there will be people out there wanting old Character Properties which have been refurb up to very high standards. Because a) most people are lazy and would not know one end of a paint brush to the other.
b) the other lot are completly useless and their wifies would not trust them to do any DIY.

pickles110564

FungusFighter wrote: »

:rotfl:

FungusFighter So hands up everyone who bought property in the last 2 years with 50% or more deposit - did you?

Pickles Yes I did.

That's right the main residence was bought with more than 50% or more deposit.