We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage approvals for purchases up to 52,000 7% MoM 2% YoY
Comments
-
£1650 down the toilet each and every month - holy cow!!
£19,800 a year .... after 10 years, £198,000 paid towards someone elses property .... bonkers!Bringing Happiness where there is Gloom!0 -
Getting in £1500 pcm (but IO tracker is only costing me about 0.5% above base rate). Probably worth circa £425k. Paying out £1650 pcm (place probably worth £650K+ but might be a too far out in the sticks for some people - hence why it was on market for a while before I took it). As I am now retired I am intending to pay off mortgage with my savings when rates go up significantly.
Happy to do this for a while as Mrs Pimp loves the place - I am a bit too thrifty to enjoy it as much as she does.
Ouch, Gotta say if it was me I'd be paying the other mortgage down if heading into retirement, but each to their own. I guess Mrs Pimp must be quite persuasive!0 -
heathcote123 wrote: »Ouch, Gotta say if it was me I'd be paying the other mortgage down if heading into retirement, but each to their own. I guess Mrs Pimp must be quite persuasive!
Probably didn't make that very clear then!
My PPR is the place that I get £1500 for and its that mortgage that I intend to clear when rates go up. The cash is currently doing quite well in the bank and in Premium Bonds (although I accept that if I wanted to take a chance I could get into PMs etc). I did intend to pay the mortgage off when I retired but at this low tracker rate it doesn't really make sense.
It does seem wasteful to be paying £1650 for a place when I have a perfectly nice place within 5 miles that could be mortgage free but we decided to be a bit extravagant until Mrs Pimp starts work in Sep next year. I think that nett I am losing circa £600 per month but that is a price we have decided is worth paying (I suspect that the majority of tenants are paying more than that in rent alone anyway).0 -
You need a new, low cost, Mrs Pimp - I would suggest!
My wife gets what she's given ... and be happy about it!!
I did tell her that once - I didn't see her for three weeks....
.
.
.
.
.
.
.
.
.
.
.
.
then the swelling around the eyes started to go down
Bringing Happiness where there is Gloom!0 -
People are fed up with all the talk of economic meltdown I suppose and getting on with their lives?
I have seen people sitting, waiting, hoping, worrying, since 2008 to actually re-start their lives .... that's 3 years now - 3 years out of your life, 3 years you may have been buying someone elses property for them, 3 years where you have been on hold.
We are a strong species - we want to move on, we want to live, we want to enjoy .... sometimes one must just leap into the darkness to move forward.
Buying property in this time is a brave move - one for the strong and confident ... not me, I'm very risk averse - but it seems there are plenty of cavaliers about!
Good on them, I say.
Brilliant!!! Renters put their lives on hold because errr they dont buy a house. :rotfl:nollag2006 wrote: »Add to this the recent dollop of QE, and I wouldn't be at all suprised to see 2012 as giving us a good healthy push on house prices.
About time too - the last year has been completely flat
Now now nollag what have you been told about your predictions?
Do i really need to bring up the time you predicted last year the UK economy was moving at an accelerating pace?
Opps i just did
As for the 'recent dollop of QE' the dog on the street knows Joe Public wont see much of that0 -
Seems to me like they really aren't whatever spin you wish to put on it.
Still maybe I'm wrong and the traditional Winter bounce will rocket approvals into outer space right?!
Just wanted to mark geneer's last post in case he doesn't manage to get re-instated. On behalf of myself and some of the other posters many thanks for your very worthwhile contribution. :j0 -
Again???
Crikey, didn't notice that.
What'd he do this time?
“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: »Again???
Crikey, didn't notice that.
What'd he do this time?
Not really sure (although it may have had something to do with me putting in links to his more extreme posts over on another site). I certainly hope so.0 -
He did post something the other day suggesting that another forum user should go kill himself, which is a little unnecessary.0
-
He did post something the other day suggesting that another forum user should go kill himself, which is a little unnecessary.
That sounds like geneer.
Anyway, probably for the best.
He never debates, just trolls incessantly, so a bit pointless for him to be here really.“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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards