HSBC calls end of crash, increases 90% mortgage funding

geoffky

Pobby wrote: »

Hamish, as a HPC veteran you will probably know Bruno. Sometimes your post remind me of him with all this banging on about house prices turning the corner again and soaring ever upward. Gets very tiresome.

you are joking!!!!!! he was banned after a few months...bruno was dead and buried before he even had his awakening and realized something was wrong with the housing market ....i think paying top whack in 2007 was his awakening...:T:T

geoffky

The above picture is a newbuild prison ????

fc123

Cleaver wrote: »

I've been told I look like a bit like him on a couple of occasions. Now there might be something wrong with that.

But we are in Internet Land so no matter what we actually look like.;)

Gorgeous_George

I'm getting 4.3% on my savings and 5% on monthly savings accounts. The banks need to charge more than this to make money.

In a rising market with low unemployment and a government with money to burn, the risk margin can be small. If they need to repossess they will sell for more than is owed and get 100% of their money back plus costs.

In a falling market with unemployment rising and a government printing money like never before the risk margin is somewhat higher. If they need to repossess they will sell for less than is owed and may never recover the money that they loaned - never mind the cost of recovery.

If you cannot afford the mortgage rate, offer less fgor the house. If you bought the house and can't afford the remortgage rate, take your business elsewhere. Maybe you will find a less competent lender

GG

fc123

http://www.thebug.com/allabout/aboutwayne.asp

Wayne Hemingway (of Red or Dead fame back in late 80's) was meant to be consulting/designing for Wimpey? I wonder what he is doing now?
He had a vision for NewBuild design...perhaps the race for max [profit didn't match his plan?

We once lived in Nil By Mouth concrete tower block.

This is my actual block (out of a dozen I think) and I know it was mine as it is painted Green. The Council (of wise men) spent cash painting us all diff lego land colours in 1989.
We lived on flipside on the right 1st floor.



When we got the keys, after looking out the window and thinking silently, OMG, I went of on a recky with baby son in his buggy. There were play areas all over the estate and grassy bits allocated for 'leisure time'. There was a lot of leisure time being spent on the estate but the play parks were littered with used needles and condoms, the grassy bits were dog toilets.

Apparently, when it was built back in late 70's, the architects drawing showed helicopters landing on the roof tops and happy families picnicking on the grassy bits....no scavenging dogs back then.

I can judge as I lived in one of these places. 80% of us were tidy, neighbourly bal bla. With the other 20%, it was like living next to The Devil. It was hell. Longest 3 and half years of my life,,,that's how long it took to save up and get out as prices first fell in 1990.
And it was £50 pwk (incl hot water) back then (which was pricey as we only earnt about £125 pwk take home) and had Pharoah ants and cockroaches....

It's being blown up bit by bit at the moment.

Cleaver

Where are those flats if you don't mind me asking FC? London I'm guessing?

Edit: is it this place?

geoffky

fc123...that place looks like hell on earth..anyone throw themselves off.?