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

PasturesNew

Rents have now got to the point where to rent a 1-bed flat you need one full-time job. One full-time job will pay the rent and basic utilities. So then you need a second job, to pay for the commute to get to the first job. Now, you need a third job to pay for food and clothes, so you don't keel over getting to the first and second jobs.

Thrugelmir

dori2o wrote: »

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

A doubling of mortgage debt in under 5 years will hold the recovery back in the UK.

Thats many years of servicing debt for many.

Conrad

dori2o wrote: »

so how eacctly do there jobs that are to be lost get absorbed by a stagnant private sector.

The FTSE has breached 6000.

I'm a small biz owner and sense considerable optimism building.

As for pubs shutting OP - I know quite a bit about this sector. The reason so many do not survive is that people no longer go to the pub most nights in the way they used to and this is for many reasons including the fact there is now plenty of compelling entertainment and the internet at home.

Pubs that are doing well often have a decent food offering. I've lost count of the number of sub par meals I've eaten in pubs, and these slap dash places deserve to struggle. Even little things like the smell of old cooking oil is indicative of a !!!!!! offering - if they cant even get a basic like the smell of the place right, then there is no chance of being served a decent meal.

Conrad

Kenny4315 wrote: »

Anyway Foxy, I shall soon have to leave this debate, one of my kids has a swimming gala this afternooon and I promise I'd go. Privately educating my kids with my ill gotten BTL gains I'm afraid, at £4000 a term each it's all the rage for us BTLers. :money:

Hope you find an affordable house sometime soon. :money:

Mate I'm bullish, but bragging about possesions and wealth is about the most shallow foul thing I can think of.
It's uttely meaningless and would'nt impress me for a second, in fact where I live there are some people like you in the village and the rest of us (some of whom are quietly wealthy) consider these people with thier range rover sports, pretty vulgar.

We humour them, but in reality these people are not admired or liked.

adr0ck

The_Fox wrote: »

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

so basically you want us to build more houses?

IveSeenTheLight

PasturesNew wrote: »

Rents have now got to the point where to rent a 1-bed flat you need one full-time job. One full-time job will pay the rent and basic utilities. So then you need a second job, to pay for the commute to get to the first job. Now, you need a third job to pay for food and clothes, so you don't keel over getting to the first and second jobs.

Not everywhere PN.
Maybe it's time to stretch your wings

IveSeenTheLight

adr0ck wrote: »

so basically you want us to build more houses?

That would help considerably.

What's the likelyhood?

adr0ck

IveSeenTheLight wrote: »

That would help considerably.

What's the likelyhood?

about as much chance as Elvis flying a world war 2 bomber down from the moon and performing an impromptu performance in las vegas

Aberdeenangarse

Kennythecock4315 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.

Of course you do dearie However you've landed on my Hotel in Park Lane and have to pay me rent :rotfl:

DervProf

The_Fox wrote: »

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

Fox

When we learn to not lend to anything with a pulse and 2 pieces of ID.

We have bocome a nation of debt junkies (not all of us, I'm sure - but the overall attitude to debt is not what it was even 30 years ago). If I want something, I save up for it, then buy it. OK, expensive items such as cars and houses, yes a loan is often required. At the end of the day it's all about being patient. I practice what I preach, and it doesn't seem to have done me much harm. Saving up for stuff you need/want means that you end up being able to buy more of the stuff you want (in most cases). It isn't rocket science.