Everything is going to ruin in order to save the over indebted property bubble.

The_Fox_3

I had a wonderfull day yesterday after a 6 weeks of hectic work, i had to do a lot of driving and snagging problems with a few of my customers. Driving around the Suffolk and North Essex countryside in what was like a wonderfull spring day.

My only problem was leaving the radio on BBC Five Live and taken too much notice of the news when i did listen to the music channels.
Yesterday i heard more of the damage that spending cuts will cause, and i became a little angry.

There was me driving around these wonderfull villages that i have know so well over the years, only to witness great village pubs that have been open since i could walk, also they were there in my parents and grandparents younger days, now boarded up.:mad:

People sometimes blame cheap tescos booze, and it is partly to blame. But the biggest obstacle to many landlord/ladys is the crippling rents/rates on these now expensive propertys.

Back to the radio, and then i hear about swimming pools closing down, libary's closing, these are wonderfull places for so many reasons.
And to top it all off we have nearly all public lavertory's in some big citys being closed down, WE ARE GOING BACKWARDS AS A CIVILISED NATION:mad:, what do we all do now, p*** in the street.

And then again on the Radio i hear news about the tiny tax that banks must now pay, Ohhh, and they are ever so angry you know, yeah right!!
But then this idiot come on to talk about the economy and the fact that nasty banks will not lend and that they MUST, he must have said that ftb's MUST be loaned money again about a half a dozen times at least, " it's for the good of the economy" he said.

Well i run my own business, and i don't need no borrowed money and don't want any borrowed money, who is this bloke trying to kid, along with millions of others it's all about saving over indebted idiots that never planned for the future. I also cannot afford the home i deserve(yes i said it) for what i do and for what i plough into the economy. And before anyone has anything to say about that remark(and i know they will) i would be happy with an average type of house as a bloke that is in the top 15% of tax payers.

We cannot keep essential and good services open because we have to keep high house prices up, and we all know thats what it is all about, WE ARE GOING BACKWARDS FOR F*** SAKE.

Let the property market crash, let things find their own level, and once they do we can dust ourselves down and make create decent place to live. Maybe if not all our resources as individuals were going into crappy property we might be able to solve half of our problems as a nation one being having somewhere to !!!! when we leave home.

WHEN ARE GOING TO STOP LETTING THE OVERDEBTED EFFECT ALL OUR LIVES:mad:

Fox

Kenny4315

moan moan moan moan moan moan ...............................................................................................................................................................................................................................................
.............................................................................................................................................................................................. moan

moan (mn)
n. 1. a. A low, sustained, mournful cry, usually indicative of sorrow or pain.
b. A similar sound: the eerie moan of the night wind.

2. Lamentation.

v. moaned, moan·ing, moans
v.intr. 1. a. To utter a moan or moans.
b. To make a sound resembling a moan: A saxophone moaned in the background.

2. To complain, lament, or grieve: an old man who still moans about his misspent youth.

v.tr. 1. To bewail or bemoan: She moaned her misfortunes to anyone who would listen.
2. To utter with moans or a moan.

PasturesNew

But .... think of the children!!

Pennywise

I think the OP is spot on with this. I'm all for property to come back down to realistic levels and as a home owner I'm not a vested interest as it would cost me but I can see the bigger picture.

Because of high prices, rents are high, meaning the govt has had to pay out huge sums of money in housing benefits etc.

Because of high prices, public services cost more, i.e. higher rent for buildings, higher prices to buy, higher building costs, etc.

Higher prices have meant that people need higher wages, higher benefits, etc.

Basically, money from higher property prices is flowing into property owners hands at the expense of everyone.

Because of the tax rules etc, the government got very little back in the way of tax on the increase in property prices.

It's property prices that caused the recession and if kept at unrealistically high levels will hold back our recovery.

And as I say, I'm not saying that as someone destined to rent for life, as I have a property, not mortgaged, so a crash would mean I'd lose money, but I don't care about that as I see the bigger picture.

The_Fox_3

Kenny4315 wrote: »

moan moan moan moan moan moan ...............................................................................................................................................................................................................................................
.............................................................................................................................................................................................. moan

moan (mn)
n. 1. a. A low, sustained, mournful cry, usually indicative of sorrow or pain.
b. A similar sound: the eerie moan of the night wind.

2. Lamentation.

v. moaned, moan·ing, moans
v.intr. 1. a. To utter a moan or moans.
b. To make a sound resembling a moan: A saxophone moaned in the background.

2. To complain, lament, or grieve: an old man who still moans about his misspent youth.

v.tr. 1. To bewail or bemoan: She moaned her misfortunes to anyone who would listen.
2. To utter with moans or a moan.

And yet you still read my post, again!!:rotfl:

Look Kenny, get used to my moaning, because it's not going to stop because it upsets you, actually it is probably going to get far worse along with every other p****d off British person who are paying for those who cannot plan for the future, who are now crapping themselves in fear of prices collapsing.

I am not sure what your take is on all this, whether you have purchased you ex council house or have a small BTL full of Polish, but as far as i am concerned you are just another ramper that wants all this to just go away.

You can get as personal as you want as it won't cut any ice with me, in fact it speaks volumes about your fear of this house of cards crashing down:rotfl:

You know it's coming don't you Kenny x

The_Fox_3

Pennywise wrote: »

I think the OP is spot on with this. I'm all for property to come back down to realistic levels and as a home owner I'm not a vested interest as it would cost me but I can see the bigger picture.

Because of high prices, rents are high, meaning the govt has had to pay out huge sums of money in housing benefits etc.

Because of high prices, public services cost more, i.e. higher rent for buildings, higher prices to buy, higher building costs, etc.

Higher prices have meant that people need higher wages, higher benefits, etc.

Basically, money from higher property prices is flowing into property owners hands at the expense of everyone.

Because of the tax rules etc, the government got very little back in the way of tax on the increase in property prices.

It's property prices that caused the recession and if kept at unrealistically high levels will hold back our recovery.

And as I say, I'm not saying that as someone destined to rent for life, as I have a property, not mortgaged, so a crash would mean I'd lose money, but I don't care about that as I see the bigger picture.

Hi Pennywise.

The only thing that keeps me sane is knowing that there are people like you out there, and there are many.:rotfl:
All you have to do is think outside the box, even just a little, to realise how insane we have become and how people cannot think past their own selfish greedy wants.

I have owned property for 3/4 of my working life, and i will again, and without doubt it mostly is a worthwhile enterprise(not when it takes your life over though), but money making speculation should be no where near as ripe as it is, it is causing far too many problems.

I know far too many people who have mortgages("because that is the way it is don't you know") that they can barely pay monthly, interest only mortages in some cases. These people are entering their 40's and with all this mortgage debt to deal with they still have no provisions for a pension, it's scary.

Far too much of our resources are going into what was there in the first place, OLD PROPERTY!!!

And even more crazy is that with the obsession we have had with it(KIRSTY Grrrrr) we are not even being tempted with better products, we are actually going backwards and having to put up with a deliberate shortage in order to line the pockets of rampers, i would seriously have then shot if i had the power:)

Can you imagine if we treated property like any other business enterprise, where you have to improve the product constantly to get the customer. We have a system now where people fight to keep property at a poor and low level in order for their own selfish greed, it's on a par with a hoarding food while people starve.

Can you imagine what we could do if we allowed the creative side of the British to improve our housing, ground/air source heating, one extra floor from what is normal, parking under the property, etc etc, we could do far more.

But NO!!!

We have the like of Kenny trying to ramp up his 2 bedroomed ex council to deal with.

Kenny4315

The_Fox wrote: »

And yet you still read my post, again!!:rotfl:

Look Kenny, get used to my moaning, because it's not going to stop because it upsets you, actually it is probably going to get far worse along with every other p****d off British person who are paying for those who cannot plan for the future, who are now crapping themselves in fear of prices collapsing.

I am not sure what your take is on all this, whether you have purchased you ex council house or have a small BTL full of Polish, but as far as i am concerned you are just another ramper that wants all this to just go away.

You can get as personal as you want as it won't cut any ice with me, in fact it speaks volumes about your fear of this house of cards crashing down:rotfl:

You know it's coming don't you Kenny x

Doesn't bother me in particular, just makes you look like an idiot when you have no constructive argument, and just spout a load of nonsense.

I have already stated in previous threads that in my view house price will fall back this year by around 10% to 12%, no worries for me as I have my private residence almost paid £37k on £750k, :beer:and hold 50% equity in my BTL's, which have are on a lifetime tracker at 1.65% ABOVE BASE :beer:, and have full occupancy, as my tenants always stay for long periods, normally between 2 and 4 years.

Incidentally my main house is a 4 storey victorian townhouse, my BTL is 3 flats in a 3 storey victorian townhouse, which i own the freehold of.

dori2o

Pennywise wrote: »

I think the OP is spot on with this. I'm all for property to come back down to realistic levels and as a home owner I'm not a vested interest as it would cost me but I can see the bigger picture.

Because of high prices, rents are high, meaning the govt has had to pay out huge sums of money in housing benefits etc.

And you think that if house prices fell then rents would fall? They wouldn't, the profits that a LL makes would simply increase, they'd still charge the same for rents as they are now.

One of the main reasons for the property boom was the BTL'ers buying up the property leaving a shortage of available houses on the market, this pushed up house prices, and with it rents.

Because of high prices, public services cost more, i.e. higher rent for buildings, higher prices to buy, higher building costs, etc.

Again, what makes you think that rents/building costs would fall if property prices fell?

Higher prices have meant that people need higher wages, higher benefits, etc.

Basically, money from higher property prices is flowing into property owners hands at the expense of everyone.

Because of the tax rules etc, the government got very little back in the way of tax on the increase in property prices.

It's property prices that caused the recession and if kept at unrealistically high levels will hold back our recovery.

Property prices had very little to do with the recession. Unless you didn't notice the recession is worldwide, not only limited to this country

And as I say, I'm not saying that as someone destined to rent for life, as I have a property, not mortgaged, so a crash would mean I'd lose money, but I don't care about that as I see the bigger picture.

Those wishing/hoping for a return to the prices of the late 90's early 2000's are going to be very dissapointed. We've been told each year for the past 3 that house prices are going to crash by 50%, has it happened? NO. Will it happen, NO.

What we need to do is rebuild industry in this country. The Tory government of the 80's decimated manufacturing in this country. In my area alone we had British Aerospace, Mather and Platts, Seimens, Osram, Ferranti, Vickers, Rolls Royce, and many more. Now all have gone.

Almost 1M public sector jobs will go before the end of this parliament (if the coalition lasts that long). There are currently more then 2.5M unemployed, and as yet we have seen no signs that any more jobs are being created, so how eacctly do there jobs that are to be lost get absorbed by a stagnant private sector.

The government have done nothing to build confidence in any sector in the UK, despite their promises.

IveSeenTheLight

The_Fox wrote: »

Well i run my own business, and i don't need no borrowed money and don't want any borrowed money

Really!!!!!
I'm surprised.

Kenny4315

IveSeenTheLight wrote: »

Really!!!!!
I'm surprised.

:rotfl::rotfl:

DaddyBear

Kenny4315 wrote: »

Doesn't bother me in particular, just makes you look like an idiot when you have no constructive argument, and just spout a load of nonsense.

I have already stated in previous threads that in my view house price will fall back this year by around 10% to 12%, no worries for me as I have my private residence almost paid £37k on £750k, :beer:and hold 50% equity in my BTL's, which have are on a lifetime tracker at 1.65% ABOVE BASE :beer:, and have full occupancy, as my tenants always stay for long periods, normally between 2 and 4 years.

Incidentally my main house is a 4 storey victorian townhouse, my BTL is 3 flats in a 3 storey victorian townhouse, which i own the freehold of.

So what? My !!!!!!'s bigger than yours.