How I intend to make £'000s

zkeithz

I don't expect people to take my advice, but I will share my plans with you anyway.

Yes, house prices are due to fall, some even say crash.
There is plenty of information out there to support this notion. I found a couple of graphs posted on other price crash postings on MSE:

http://news.bbc.co.uk/1/shared/spl/h...ml/default.stm
http://news.bbc.co.uk/1/shared/spl/h...l/nn2page1.stm
http://news.bbc.co.uk/1/hi/business/6213549.stm

My plan:

I have removed as a result of various comments

Regards

Keith

mr.broderick

zkeithz wrote:

I don't expect people to take my advice, but I will share my plans with you anyway.

Yes, house prices are due to fall, some even say crash.
There is plenty of information out there to support this notion. I found a couple of graphs posted on other price crash postings on MSE:

http://news.bbc.co.uk/1/shared/spl/h...ml/default.stm
http://news.bbc.co.uk/1/shared/spl/h...l/nn2page1.stm
http://news.bbc.co.uk/1/hi/business/6213549.stm

My plan:

Sell now for £220,000 (conservative estimate). Total outstanding mortgage £36,000, no loans or credit cards (thanks to MSE) Giving me a balance of£180,000.
Invest in high yield savings, say 5% p.a. which will return in the order of £750per month compounding. Let's face it, inflation and interest rates are not going down in a hurry!!
Rent decent house in Midlands. Plently of 3 bed semi's available for £400-500 pcm. See: https://www.ononemap.co.uk
This represents a minimum return of £250 per month.
Hope the house price crash is as big as it was in late '80's early 90's.
Purchase same house again 2-4 years time, suggest £150,000, alternatively continue renting, or even sell my business; hardyconsultants and move abroad.

Regards

Keith

Very very interesting.

Maybe man u should sell wayne rooney for £38 million to real madrid.
They would return someting in the region of £13 million profit in the space of 2 years.
Do you think they would?

manhattan

zkeithz wrote:

I don't expect people to take my advice, but I will share my plans with you anyway.

Yes, house prices are due to fall, some even say crash.
There is plenty of information out there to support this notion. I found a couple of graphs posted on other price crash postings on MSE:

http://news.bbc.co.uk/1/shared/spl/h...ml/default.stm
http://news.bbc.co.uk/1/shared/spl/h...l/nn2page1.stm
http://news.bbc.co.uk/1/hi/business/6213549.stm

My plan:

Sell now for £220,000 (conservative estimate). Total outstanding mortgage £36,000, no loans or credit cards (thanks to MSE) Giving me a balance of£180,000.
Invest in high yield savings, say 5% p.a. which will return in the order of £750per month compounding. Let's face it, inflation and interest rates are not going down in a hurry!!
Rent decent house in Midlands. Plently of 3 bed semi's available for £400-500 pcm. See: https://www.ononemap.co.uk
This represents a minimum return of £250 per month.
Hope the house price crash is as big as it was in late '80's early 90's.
Purchase same house again 2-4 years time, suggest £150,000, alternatively continue renting, or even sell my business; hardyconsultants and move abroad.

Regards

Keith

you seem to have a good idea, i would probably do the same if i was a house owner.
goodluck

skintscotsman

zkeithz wrote:

I don't expect people to take my advice, but I will share my plans with you anyway.

Yes, house prices are due to fall, some even say crash.
There is plenty of information out there to support this notion. I found a couple of graphs posted on other price crash postings on MSE:

http://news.bbc.co.uk/1/shared/spl/h...ml/default.stm
http://news.bbc.co.uk/1/shared/spl/h...l/nn2page1.stm
http://news.bbc.co.uk/1/hi/business/6213549.stm

My plan:

Sell now for £220,000 (conservative estimate). Total outstanding mortgage £36,000, no loans or credit cards (thanks to MSE) Giving me a balance of£180,000.
Invest in high yield savings, say 5% p.a. which will return in the order of £750per month compounding. Let's face it, inflation and interest rates are not going down in a hurry!!
Rent decent house in Midlands. Plently of 3 bed semi's available for £400-500 pcm. See: https://www.ononemap.co.uk
This represents a minimum return of £250 per month.
Hope the house price crash is as big as it was in late '80's early 90's.
Purchase same house again 2-4 years time, suggest £150,000, alternatively continue renting, or even sell my business; hardyconsultants and move abroad.

Regards

Keith

thanks keith, you're great.

zkeithz

Just for the record, I did it in 1988. Although the margins weren't quite as good.
Sold in Peterborough for £75K, bought a similar house in 1991 in Leicester for £32K.
The market has a natural cycle depending on the fiscal and political policies of the day. Remember the 3 day week and the 38% inflation of the late 1970's? I bought a brand new car in 1978 and sold it 2 years later for £200 more!

As I said though, I don't expect people to take my advice, I am merely sharing my plans and experience, that's what makes this such an exciting website.

As for Rooney - I really don't know. The fact is I don't "need" my current house, just somewhere to live. Do Man U "need" Rooney?

Regards

Keith

skintscotsman

zkeithz wrote:

Just for the record, I did it in 1988. Although the margins weren't quite as good.
Sold in Peterborough for £75K, bought a similar house in 1991 in Leicester for £32K.
The market has a natural cycle depending on the fiscal and political policies of the day. Remember the 3 day week and the 38% inflation of the late 1970's? I bought a brand new car in 1978 and sold it 2 years later for £200 more!

As I said though, I don't expect people to take my advice, I am merely sharing my plans and experience, that's what makes this such an exciting website.

As for Rooney - I really don't know. The fact is I don't "need" my current house, just somewhere to live. Do Man U "need" Rooney?

Regards

Keith

keith, you truley are a wonderful man

manhattan

zkeithz wrote:

Just for the record, I did it in 1988. Although the margins weren't quite as good.
Sold in Peterborough for £75K, bought a similar house in 1991 in Leicester for £32K.
The market has a natural cycle depending on the fiscal and political policies of the day. Remember the 3 day week and the 38% inflation of the late 1970's? I bought a brand new car in 1978 and sold it 2 years later for £200 more!

As I said though, I don't expect people to take my advice, I am merely sharing my plans and experience, that's what makes this such an exciting website.

As for Rooney - I really don't know. The fact is I don't "need" my current house, just somewhere to live. Do Man U "need" Rooney?


Regards

Keith

keith, out of interest where abouts in peterborough was the house?

i know that city very well.

mr.broderick

zkeithz wrote:

Just for the record, I did it in 1988. Although the margins weren't quite as good.
Sold in Peterborough for £75K, bought a similar house in 1991 in Leicester for £32K.
The market has a natural cycle depending on the fiscal and political policies of the day. Remember the 3 day week and the 38% inflation of the late 1970's? I bought a brand new car in 1978 and sold it 2 years later for £200 more!

As I said though, I don't expect people to take my advice, I am merely sharing my plans and experience, that's what makes this such an exciting website.

As for Rooney - I really don't know. The fact is I don't "need" my current house, just somewhere to live. Do Man U "need" Rooney?

Regards

Keith

You summed it up keith, you called it a house and not a home but good luck to you sir.

zkeithz

manhattan wrote:

keith, out of interest where abouts in peterborough was the house?

i know that city very well.

Manhattan,
Old Fletton. Are you from peterborough?

arkie

Be careful, if the house market crashes, interest rates will probably go up and up, therefore your rent will go up, as will you council tax etc, your savings account will probably go up but not as much as the mortgage rate, and do you think its realistic for you to sell your house now for £220k, wait for the market to crash and get it back for £150k. Houseprices will never crash like that, the government wont let it, although the bank of england is independent from government, the MPC is appointed by the government. According to the press today, an average house rose nearly £1400 per month, we have one of the best property markets in the world, and once you are on the property ladder dont get off... stay on it

mr.broderick

arkie wrote:

Be careful, if the house market crashes, interest rates will probably go up and up, therefore your rent will go up, as will you council tax etc, your savings account will probably go up but not as much as the mortgage rate, and do you think its realistic for you to sell your house now for £220k, wait for the market to crash and get it back for £150k. Houseprices will never crash like that, the government wont let it, although the bank of england is independent from government, the MPC is appointed by the government. According to the press today, an average house rose nearly £1400 per month, we have one of the best property markets in the world, and once you are on the property ladder dont get off... stay on it

Fair comments even though im sure there'll be someone along in a sec to rubbish them.

That was my point keith, is it wise to sell your best asset?