Phew

fc123

mewbie wrote: »

I realise some shopping has to be done. Food, petrol, occasional electrical items or shudder.. clothes. I go with a clear idea of what I want, ignore virtually everything else on display and buy it. Object to get in and out like a military precision operation. I am not a browser.

On the rare occasions I buy something that wasn't on the list I feel guilty and dirty. Spending money does not make me feel good. This is a rare slip into anecdotal - it is why I am more popular when pretending to be someone else.

OK..Getting the picture though I suspect that there is shopping by proxy in your household.:o
..or you haven't bought anything at all since about 1973 and are sitting there semi naked in threadbare clothes on an old box with a beard all swirly and entwined around your ankles as you couldn't face the queue in Boots for new razor.

lostinrates

fc123 wrote: »

OK..Getting the picture though I suspect that there is shopping by proxy in your household.:o
..or you haven't bought anything at all since about 1973 and are sitting there semi naked in threadbare clothes on an old box with a beard all swirly and entwined around your ankles as you couldn't face the queue in Boots for new razor.

I picture him in sort of the same way, and find it peculiarly endearing.

ETA: part of his threadbae attire though, in my mind, is a fade and incongrous cape.

JanCee

I picture him in sort of the same way, and find it peculiarly [STRIKE]endearing[/STRIKE] disturbing.

the_ash_and_the_oak

silvercar wrote: »

Peak co-incided with mortgage rates around BOE + 0.5-1, so say 1.5%. Mortgage rates now are nearer 5%. Assume 50k deposit.

350k-50k=300k @ 1.5% IO = 375 per month

250k-50k=200k @ 5% IO = 833 per month.

Here's the thing tho. What about in 5 years time?

Example 1. lets say BR stays at 0.5 for the next 5 years. and the buyer puts the 500 a month saved into overpayments, this results in 500x12x5=30K knocked off the amount owed, bringing total down to 270k owed

Example 2. this buyer doesn't make any overpayments, leaving the total owed at 200k

buyer #1 is now paying BR+1% on 270k, buyer #2 is now looking for a new mortgage (either a fix or tracker) on 200k

treliac

fc123 wrote: »

..or you haven't bought anything at all since about 1973 and are sitting there semi naked in threadbare clothes on an old box with a beard all swirly and entwined around your ankles as you couldn't face the queue in Boots for new razor.

lostinrates wrote: »

I picture him in sort of the same way, and find it peculiarly endearing.

JanCee wrote: »

I picture him in sort of the same way, and find it peculiarly [STRIKE]endearing[/STRIKE] disturbing.

Maybe he frequents that naturist B & B.

Cleaver

"What are we queuing for?"
"Dunno really. New shops, innit?"
"Free stuff then?"
"Dunno. Just thought I'd come down."
"Cool. What's opening then?"
"Y'know, Next, Clinton's Cards, Apple, GAP, The Link, Lush, H&M, Ann Summers, Topshop that kinda thing."
"Oh, you mean the same f*cking shops that you find in every f*cking shopping centre and town all over the f*cking country?"
"Erm, yeah."
"It's like they just pour water over a seed and then, BOOM, you have an identikit shopping centre."
"Aye, guess it is."
"Sometimes I wonder whether it's just me, or whether actually there's more to life. Whether somehow I've been conned and I'm living in a consumerist nightmare. But it's a nightmare I can't get out of, not because of a trap, but because of my own malaise and unwitting stagnant attitute borne out of years of decrepitude and disquiet."
"Wicked."
"Och aye the noo."

silvercar

the_ash_and_the_oak wrote: »

Here's the thing tho. What about in 5 years time?

Example 1. lets say BR stays at 0.5 for the next 5 years. and the buyer puts the 500 a month saved into overpayments, this results in 500x12x5=30K knocked off the amount owed, bringing total down to 270k owed

Example 2. this buyer doesn't make any overpayments, leaving the total owed at 200k

buyer #1 is now paying BR+1% on 270k, buyer #2 is now looking for a new mortgage (either a fix or tracker) on 200k

But why buy, being you can rent for what you will pay on IO, with no maintenance to worry about?

Unless you think house prices are going to increase soon, why rush to buy, if the only mortgage deal will mean paying the same as rent?

the_ash_and_the_oak

silvercar wrote: »

But why buy, being you can rent for what you will pay on IO, with no maintenance to worry about?

Unless you think house prices are going to increase soon, why rush to buy, if the only mortgage deal will mean paying the same as rent?

yes i agree

fc123

Couldn't see anything in trade press about Aberdeens new shopping centre but LSecurities are ramping. They own a lot of comm property.

LINK

27 October 2009 | By Jennifer Creevy
Retail landlord Land Securities will no longer offer retail tenants rent concessions amid signs of increasing demand for space, leading to claims that landlords are back in the driving seat at the negotiating table.



Land Securities chief executive Francis Salway told The Times: “The downturn has been tough on property companies and on retailers. There are instances of retailers still asking for concessions, and it can be in our interests to show flexibility in specific areas, and we have led on a number of such initiatives. However, we do not believe across-the-board changes to agreed contracts are appropriate.”

Land Securities is the largest property developer in Britain, and has 1,600 retail tenants including John Lewis and Next.

Harry_Powell

We're moving into our new house next weekend, so I naturally haven't been keeping a watch on house prices since we had our offer accepted (I daren't!!) but if the prices in your chosen area are staying put, then I'm really chuffed for you carolt. I know you're holding off buying because of your kids and so I hope that these house prices stay on hold until that time.

Good luck.