Now property sales are rising - the best feeling of owning your first home

IveSeenTheLight

ad9898 wrote: »

A -3.5% in GDP this year at least and a likely negative next year as well means the 'recovery' in the housing market is someway off, house prices don't recover in a recession.

It's amazing how you are happy to accept one set of figures, but not another in the same forecast.

You happily quote A -3.5% expected drop in GDP for 2009 but instead of accurately reporting the prediction of growth in 2010, you infuse the original prediction with one of your own of continual negative growth next year.

It may well happen as you say but the report showing -3.5% this year was followed up by saying there is expected to tbe positive growth next year

http://news.bbc.co.uk/1/hi/uk_politics/8011882.stm

UK ECONOMY
• Economy forecast to shrink 3.5% in 2009
• Growth expected to pick up in 2010, expanding by 1.25%.
• Economy to grow by 3.5% annually from 2011

IveSeenTheLight

misskool wrote: »

Do people realise that when they're moving into "their" house, it's just a big fat debt for the large majority of their working lives?

I'm in a cheerful mood today

Very True

A big fat debt that is paid off in 25 years or less - while not having that debt could mean you have a debt to pay every month for the rest of your life (rent)

A big fat debt that secures the monthy payments throughout the term of the debt (slight variation each month due to interest rates, however likely relatively fixed throughout the term) - while this is highly unlikely over a 25 year term for rent

Happy Friday

ad9898_3

IveSeenTheLight wrote: »

It's amazing how you are happy to accept one set of figures, but not another in the same forecast.

You happily quote A -3.5% expected drop in GDP for 2009 but instead of accurately reporting the prediction of growth in 2010, you infuse the original prediction with one of your own of continual negative growth next year.

It may well happen as you say but the report showing -3.5% this year was followed up by saying there is expected to tbe positive growth next year

http://news.bbc.co.uk/1/hi/uk_politics/8011882.stm

Oops, a thanks by mistake:D, to take your point, I did say at least -3.5%, I could have used the -4.1% instead but I didn't, the issue is, Darling nor the IMF don't have much of a clue, so I could use any figures I please, and they have as much chance of being right as either of the two figures quoted.

One thing is for sure, a cast iron fact if you like, is that we are in deep trouble as a nation, worse than all the other leading nations, the word 'recovery' maybe a nice soundbite to use, but at this time it means nothing, and won't do for a considerable period, not being 'doomongering' just spelling out the facts.

Entertainer

Yep, it's a wonderful feeling to know that you've bought a highly geared property derivative and made your small contribution to the meltdown of western capitalism and the annihilation of Great Britain. Makes you feel all warm and fuzzy inside.:happyhear

System

The day I moved into my first place was the most stressful day ever! I sat there looking at all the furniture marks and small holes in the wall from pictures and had a right panic on (of course I realise that's all normal now). Plus I had to move everything myself in a borrowed van which I stacked into my Dad's fence post.

Then I had to clean my old room at Dads which was an utter state, clean my new place, and spend hours lifting very heavy items up stairs.

After a week though, I'd had my uncle decorate everything, got my sofas in, hooked up a TV and it felt like home, THAT was the happiest time

StevieJ

ad9898 wrote: »

Generali lives near Sydney, Australia, so not your average council estate, so as with the rest of your post, you are in fact miles out............ about 11,000 I think.:D

Just to edit................ sockpuppet alert everyone.

You obviously didn't read Gens post

You're right, it is a great feeling when you move into the first house that you 'own' (although there is usually the considerable side issue of a mortgage!). Mine was a tiny one bed house on a dodgy council estate. Every bank holiday monday there'd be a mini-riot as the locals couldn't cope with an extra day of excessive drug and alcohol intake.

SingleSue

We had a fleet of friends cars and vans helping us to move...great fun to get the beers out, have someone run to the fish and chip shop and then all of us sit amongst the boxes slowly getting piddled and full after a hard day of moving.

StevieJ

Entertainer wrote: »

Yep, it's a wonderful feeling to know that you've bought a highly geared property derivative and made your small contribution to the meltdown of western capitalism and the annihilation of Great Britain. Makes you feel all warm and fuzzy inside.:happyhear

Highly geared then but not any more :T

StevieJ

SingleSue wrote: »

Well our first (and only) house purchase was on a nice estate in a good part of the town.

I now live in social housing.....

By the way, not complaining, it's my birthday and I am not in a complaining mood!

Happy birthday Sue :beer:

Generali

For those who are wondering, I sold up for a small profit, bought a flat which I did up and sold before renting in the Barbican (and realising a boyhood dream while I was at it - I'd always wanted to live in the Barbican.

I am now in Sydney living the life of Riley's poorer cousin.

The obvious sock puppetry connection hasn't passed me by. Especially our friend with 10 posts and a knowledge of where I live.