Will London HPI exceed 10% in 2012?

ess0two

homelessskilledworker wrote: »

I will be soon!!

Into Sibley or Joeskeppi!!!!!! or wotsthat or JohnyBravo's repossessed homes.:)

How does that work,maybe they all wont get repo'd??

Perhaps they're all the same people?

This is your last chance. After this, there is no turning back. You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland and I show you how deep the rabbit hole goes.

wotsthat

homelessskilledworker wrote: »

I will be soon!!

Into Sibley or Joeskeppi!!!!!! or wotsthat or JohnyBravo's repossessed homes.:)

Dream on Foxy. They don't let people buy houses with imaginary internet deposits.

There's an additional problem in that I've used the last 3 years to make hay while the sun shines to save every penny (and more) that's been gifted to me by super low interest rates. It's somewhat ironic that the crap savings rates on your pretend deposit have helped rescue the debt junkies.

Also I don't know if you've heard but it's impossible to repossess people these days because the government, apparently, will pay the mortgage until the day I die. If you want to find out more type "Graham Devon SMI prop" into the search function.

homelessskilledworker

wotsthat wrote: »

Dream on Foxy. They don't let people buy houses with imaginary internet deposits.

There's an additional problem in that I've used the last 3 years to make hay while the sun shines to save every penny (and more) that's been gifted to me by super low interest rates. It's somewhat ironic that the crap savings rates on your pretend deposit have helped rescue the debt junkies.

Also I don't know if you've heard but it's impossible to repossess people these days because the government, apparently, will pay the mortgage until the day I die. If you want to find out more type "Graham Devon SMI prop" into the search function.

Yes wotstit, all us nasty property bears come here just to impress you with out BS, because impressing a nob like you is going to change everything. How sad that you think you are worth impressing.:)

You seem to take history for granted untill it suits you, i.e property only ever goes up in the long term(which is true of course, and seem to think government and BOE intervention is now permanant policy and set and stone.. i.e prevention or repossessing of homes and permanent low interest rates:), You are a simply creature

brit1234

nollag2006 wrote: »

So are you still holding out for the 50% down by June, that you so gleefully predicted in 2008?

I'd say the increase in stamp duty from 5% to 7% for multi-million pound properties might just be the tipping point, eh?



Poor old brit

Oh poor Nollag, that's a bit of deflection failure by you. I'll repeat the post and this time answer the question!

brit1234 wrote: »

I think you are slightly confused. It is an increase of a minimum 7% not 2%. You forget that in the vast majority of these London properties are bought by foreigners under companies to avoid stamp duty.

So now you have the position where they carry on that way and pay 15% stamp duty or the other way and pay 7% stamp duty.

On top of that all their property they own now and purchase later is as of last week subject to capital gains tax. That is a great deterrent which either you ignore or don't know about. You do realise all this foreign purchases is about investing and protecting their money. The deal has got a lot more bitter for them and the biggest investors the Italians are now being taxed on properties they own abroad.

So I say again where is this double digit property growth coming from now?

Do you not see that these foreign buyers are here to invest not live? Do you see stamp duty up from 0.5% to either 7 or 15% might be now off putting? It kind of cancels out the weak pound advantage.

Now foreign businesses have to 28% on capital gains from these properties on top as of budget day. Because they set up a business just to buy a residential property to avoid paying 5% stamp duty and only pay 0.5% stamp duty instead I believe the now have to pay 28% capital gains tax.:D

Over night there is a massive deterrent but hey Nollag doesn't thing it will have an effect. The high end estate agents say it has caused a meltdown in 7 hours.

Maybe I would have more respect for your views if you could back them up. However you always fail to do this and result to insults. Come on Nollag back your stuff up, lets have a intellectual debate.

wotsthat

homelessskilledworker wrote: »

You seem to take history for granted untill it suits you, i.e property only ever goes up in the long term(which is true of course, and seem to think government and BOE intervention is now permanant policy and set and stone.. i.e prevention or repossessing of homes and permanent low interest rates:), You are a simply creature

Foxy, you really are struggling with this one. In fact, I think you are arguing with an imaginary version of me that exists only in your head.

If someone doesn't overborrow, buys a house well within their comfort zone and then saves every penny from the low interest rates do you think they are more or less likely to be repossessed?

Or put another way; it looks as if I'll have paid off my mortgage before rates rise significantly. Someone without a mortgage is generally at low risk of repossession wouldn't you say?

homelessskilledworker

wotsthat wrote: »

Foxy, you really are struggling with this one. In fact, I think you are arguing with an imaginary version of me that exists only in your head.

If someone doesn't overborrow, buys a house well within their comfort zone and then saves every penny from the low interest rates do you think they are more or less likely to be repossessed?

Or put another way; it looks as if I'll have paid off my mortgage before rates rise significantly. Someone without a mortgage is generally at low risk of repossession wouldn't you say?

You talk about an imaginary versions!, do you honestly believe anything you write, really??
I don't know what world you live in, but the world where I live in most people take on 25 year mortgages on their first time shoebox house, and usually that is a struggle for most. Many then move a step or two up the property ladder and before they know it they are going 30 or 35 years into a mortgage life, some longer.

Many recent homeowners(and I mean the last five to seven years) have been struggling to make their mortgage payments, many even have interest only mortgages where they still have not even worked out a repayment of capital plan.

If BOE and mortgage rates stay like they are for the next twenty plus years then I would agree that at some point with a few years inflation behind them that personal and mortgage debt might start getting paid off.

But that is not going to happen, there are signs now that mortgage rates might start rising soon.

You live in cloud cuckoo land mate

wotsthat

homelessskilledworker wrote: »

Many recent homeowners(and I mean the last five to seven years) have been struggling to make their mortgage payments, many even have interest only mortgages where they still have not even worked out a repayment of capital plan.

If BOE and mortgage rates stay like they are for the next twenty plus years then I would agree that at some point with a few years inflation behind them that personal and mortgage debt might start getting paid off.

But that is not going to happen, there are signs now that mortgage rates might start rising soon.

You live in cloud cuckoo land mate

Why are you quoting me in your post? You're having an argument against something that either someone else said or something you imagined I said.

I've never said that some mortgage holders aren't struggling or that some are on IO without a repayment plan. Without any context there's little point saying 'many' as that means nothing. The fact of the matter is that the average mortgage holder is sitting on a 60% LTV and arrears rates are very low. There are people having problems but maybe it's out of proportion to what you think (or hope) is happening.

We don't need 20 years of low BoE rates before seeing personal debt reduce - it's been happening for the last 3 years.

http://www.bbc.co.uk/news/business-17487150

Cautious consumers' repayments on credit cards, loans and overdrafts outstripped new borrowing by £305m in February, figures show.

This safety-first approach had led to a contraction in borrowing through loans and overdrafts for more than three years, major banks said.

When rates rise, especially if as a response to a strengthening economy, I think we'll find that the average mortgage holder will be a much better position to absorb them than a few years ago.

homelessskilledworker

wotsthat wrote: »

Why are you quoting me in your post? You're having an argument against something that either someone else said or something you imagined I said.

I've never said that some mortgage holders aren't struggling or that some are on IO without a repayment plan. Without any context there's little point saying 'many' as that means nothing. The fact of the matter is that the average mortgage holder is sitting on a 60% LTV and arrears rates are very low. There are people having problems but maybe it's out of proportion to what you think (or hope) is happening.

We don't need 20 years of low BoE rates before seeing personal debt reduce - it's been happening for the last 3 years.

http://www.bbc.co.uk/news/business-17487150



When rates rise, especially if as a response to a strengthening economy, I think we'll find that the average mortgage holder will be a much better position to absorb them than a few years ago.

Ok then wotstit, lets say you are right

We owed £1500,000,000,000

We now owe £149,000,000,700

Hardly much of a dent is it. And much of this repayment is probably forced, banks are not replacing overdrafts in a lot of cases, and personal loans are as hard to get as mortgages.

Just out if interest wotstit, do you have any idea how huge a TRILLION is.

Mr._Pricklepants

homelessskilledworker wrote: »

Ok then wotstit, lets say you are right

We owed £1500,000,000,000

We now owe £149,000,000,700

Hardly much of a dent is it.

1.5 trillion to 149 billion :rotfl:

homelessskilledworker wrote: »

Just out if interest wotstit, do you have any idea how huge a TRILLION is.

Probably wotsthat has, but do you? :rotfl:

homelessskilledworker

Mr._Pricklepants wrote: »

1.5 trillion to 149 billion :rotfl:



Probably wotsthat has, but do you? :rotfl:

And along comes little MrTroll... or Sibley or MrRees or !!!!!!!!!!!! or MrReeees or Given_up or MrsRees etc etc etc

yes I left out three zero's, imagine my embarrassment:spam::spam::spam: