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Rightmove December, down as expected.
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It's got to page 2, & I've never had the chance to do this before so here goes....
TIMBER!!!!!
It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
HammerSmashedFace wrote: »Nice to see some positive news for change, 3 straight months of lowered asking prices has to be good news after the ramping/spin/bollox etc.. that we have seen for most of the year.
The finger is still in the dam and holding back the pressure, but for how long now I wonder. Public sector annihilation, higher taxes, unemployment, stagflation will squeeze the nations income further as everything goes up, except wages.
It's been a bubble on a bubble, but ya canna deny the laws economics, I expect a Fan/Turd interaction of considerable proportions during 2010/11, after all, talk can only do so much, and I reckon it's just about done all it can.
I still can't believe that you have just bought a property
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
eh? Have I missed something?
Is HSF who I think it is?
Well if it is..... I hope the move went well and the new place is all you hoped for. Congrats.0 -
Harry_Powell wrote: »is anyone else hoping for a huge housing market crash just so it shuts up hamish? I can't be the only one surely?
It's clear as day when he cheers on interest rates at 1% for 5 years that he is an individual who is highly in debt and without savings or investments, not someone I'd follow for accurate and sensible financial advice or trend prediction.
Not at all. I have two houses, one of which is paid for, one of which has a mortgage thats now less than 150K due to low rates and overpayments (thanks Merv!!!). Total valuation of the two properties is around 600K, down a bit from peak but still not bad, for total equity of around 450K.
On top of that we have a decent private pension in low 6 figures, but with 25 years more still to add to it, and around 100K of savings and investments, and no other debt at all.
Simple math will tell you that even for people like us with good savings, modest LTI mortgages of 1.5 times joint income, and no other debt, 1% base rates are better than 5% base rates. And higher house prices will gain us far more than interest on savings.
I freely admit to a vested interest in HPI..... And the numbers are so clear, you really don't need to look any further for motivations that don't exist.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
ruggedtoast wrote: »Apparently he has two properties which are mostly paid off. He is hoping to sell them to contribute towards an early retirement.
True, but it probably won't be all that early. I've got a decade or two of HPI to enjoy yet.;)If what he says is true he is quite well off already, but you are correct in that he doesnt seem to have much empathy towards those less fortunate than him.
Also true, although I don't consider myself "well off", so much as "comfortably off". And certainly not rich by any means.
I am not very sympathetic by nature, which is why I rarely stray off this board into the other ones. I don't think they'd appreciate the advice, which would consist mostly of telling them to get off their lazy ar5e and work harder.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
So if prices go down 20% you lose £120,000 in assets, totally getting the obessive ramping now...0
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Harry_Powell wrote: »is anyone else hoping for a huge housing market crash just so it shuts up hamish? I can't be the only one surely?
It's clear as day when he cheers on interest rates at 1% for 5 years that he is an individual who is highly in debt and without savings or investments, not someone I'd follow for accurate and sensible financial advice or trend prediction.
Very true !!0 -
HAMISH_MCTAVISH wrote: »Not at all. I have two houses, one of which is paid for, one of which has a mortgage thats now less than 150K due to low rates and overpayments (thanks Merv!!!). Total valuation of the two properties is around 600K, down a bit from peak but still not bad, for total equity of around 450K.
On top of that we have a decent private pension in low 6 figures, but with 25 years more still to add to it, and around 100K of savings and investments, and no other debt at all.
Simple math will tell you that even for people like us with good savings, modest LTI mortgages of 1.5 times joint income, and no other debt, 1% base rates are better than 5% base rates. And higher house prices will gain us far more than interest on savings.
I freely admit to a vested interest in HPI..... And the numbers are so clear, you really don't need to look any further for motivations that don't exist.
I was so wanting you to finish off that post with "so I'm considerably richer than yow".0 -
So if prices go down 20% you lose £120,000 in assets, totally getting the obessive ramping now...
Well, I lose 120K in asset value, which is slightly different.... The assets themselves remain in my posession, and it would take a 75% drop for me to be in NE overall, so no worries there either.
But overall, yes, it really is that simple.
Like any other holder of assets, I don't want to see them devalued, and luckily, due to where I live, they haven't been very much at all.
It doesn't make much difference in the long run, as I still have a decade or two of HPI to look forward to, but it is annoying.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »I am not very sympathetic by nature, which is why I rarely stray off this board into the other ones. I don't think they'd appreciate the advice, which would consist mostly of telling them to get off their lazy ar5e and work harder.
And you didn't take this advice and took handouts from your parents....because?0
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