BOE's prority must be preventing another housing boom.

Graham_Devon

wotsthat wrote: »

I keep hearing that - is it true?

From the horses mouth. A German who rents in Germany, but also in England.

She has no doubts that Germany offers tenants a better deal than the UK: "There's more to rent here and it's all very transparent. You can check if your rent is fair using the Mietspiegel [rental index] on the Munich city website. If you are paying too much, the tenants' association will step in for you."

Rents are tightly controlled and cannot normally be increased by more than 20% nominally over three years. Unlimited contracts are standard and tenants, if given notice, can demand continuation.
Deposits are normally for three months and must be repaid with interest on moving out. Agents normally take a two-month fee, although many landlords let directly.

Property is normally freshly decorated in white before tenants move in, and must be repainted when they leave.

"Because tenants rent in the long term, they may do some renovating. Sometimes the incoming tenants might have to pay extra towards them as a condition of taking over the flat – and that can run to a few thousand euros," Heike says.

But tenants get a "pretty good deal" compared with Britain, she says. "It's easier and cheaper for young people to get a place to live and to move about, but in the long term no one wants to be paying rent here either."

shortchanged_2

Conrad wrote: »

Not really, I think the tanker is turning now and I await the 'surprise turn in fortunes' headlines by summer+

We're trading with many parts of the world that are experiencing robust growth and I see every reason to be optimistic going forward.

you feelin it.........:rotfl:

I sure am.

I can't wait to start spending my wealth when house prices rocket again.

Mr._Pricklepants

Jimmy_31 wrote: »

I can go out and buy a house now, it would be a pretty stupid move since prices are falling around here.

Well, if you can buy a ficticious house in your ficticious area with ficticious cash, what are you banging on about affordability then?

Jimmy_31

Mr._Pricklepants wrote: »

Well, if you can buy a ficticious house in your ficticious area with ficticious cash, what are you banging on about affordability then?

Im alright jack.

Not good that.

Conrad

Jimmy_31 wrote: »

Looks like we will need lower prices, higher wages or live ten to a 1 bed flat for 20 years to save up a deposit.

Live 2 or 3 to a 1 bed flat and get saving.
At least you don't have to walk to a well through the heat with a pot on your head in order to get water, so honestly you have nothing to grumble about.

You live in one of the richest places on Earth which is why people who used to trudge to water wells still flock here.

The answers are in YOUR hands. A million immigrants will build a prosperous life in the comming decade, so therefore you can too, if you do the things they do.

Every process in the Universe has a formula. Those who follow the formula to save and buy a house, buy a house. My FIL worked 3 jobs in the 1960's when he wanted to buy a house. Try it. Live the formula and stop whining Man.

Conrad

Jimmy_31 wrote: »

I can go out and buy a house now, it would be a pretty stupid move since prices are falling around here.

You seem fixated on money. Me, when I was a ftb I just bought a home to enjoy. Keeps comming back to money with you. Don't let money be your God. Even if it fell in value a bit, over the long term who cares, just enjoy your home - aren't you always saying people shouldn't frame thier home as some sort of cash cow?

Graham_Devon

Conrad wrote: »

Live 2 or 3 to a 1 bed flat and get saving.
At least you don't have to walk to a well through the heat with a pot on your head in order to get water, so honestly you have nothing to grumble about.

What a great analogy.

Why don't you think of this when you are sending another one of your complaints off to the FSA about mortgage rationing?

Oh hang on....I think I get it.....if it effects YOU, then you shall complain. And what a lengthy, time consuming complaint you shall make. If it doesn't effect YOU, then you will try and make a comparison to 3rd world poverty to suggest we should all be happy go lucky and never murmur the thought of dissatisfaction with a system.

Why not moan to us all about how unfair it is that a client of yours has been asked to repay what she owes and signed up to? I bet you didn't give her the lecture about walking to a well, as you were too wrapped up trying to find a way of commiting some kind of fraud to get the comission.

Only when it suits, eh conrad?

Mr._Pricklepants

Conrad wrote: »

Live 2 or 3 to a 1 bed flat and get saving.
At least you don't have to walk to a well through the heat with a pot on your head in order to get water, so honestly you have nothing to grumble about.

You live in one of the richest places on Earth which is why people who used to trudge to water wells still flock here.

The answers are in YOUR hands. A million immigrants will build a prosperous life in the comming decade, so therefore you can too, if you do the things they do.

Every process in the Universe has a formula. Those who follow the formula to save and buy a house, buy a house. My FIL worked 3 jobs in the 1960's when he wanted to buy a house. Try it. Live the formula and stop whining Man.

Great post Conrad.
I'm afraid what we're seeing now is the instant gratification generation coming of age.
Their formative years have been spent receiving everything they wished for immediately without grasping the concept that somewhere, someone put in a day's work to satisfy their never ending 'needs'.
Now they enter real life and shock horror, not everything is handed to them on a plate. How unfair. We need a revolution.
Jimmy is a perfect example of this.

Jimmy_31

Conrad wrote: »

Live 2 or 3 to a 1 bed flat and get saving.
At least you don't have to walk to a well through the heat with a pot on your head in order to get water, so honestly you have nothing to grumble about.

You live in one of the richest places on Earth which is why people who used to trudge to water wells still flock here.

The answers are in YOUR hands. A million immigrants will build a prosperous life in the comming decade, so therefore you can too, if you do the things they do.

Every process in the Universe has a formula. Those who follow the formula to save and buy a house, buy a house. My FIL worked 3 jobs in the 1960's when he wanted to buy a house. Try it. Live the formula and stop whining Man.

What are you talking about people who have to fetch their own water for.

People are not going to accept renting a 5hit flat their whole lives whilst a corrupt government looks after its mates.

Jimmy_31

Conrad wrote: »

You seem fixated on money. Me, when I was a ftb I just bought a home to enjoy. Keeps comming back to money with you. Don't let money be your God. Even if it fell in value a bit, over the long term who cares, just enjoy your home - aren't you always saying people shouldn't frame thier home as some sort of cash cow?

Dont let money be your god, i think ill let it for a while longer because once ive saved up enough money to buy a house outright, i will have no worries once the next lay off comes.

It aint about what its worth, its about not having to worry about finding the next mortgage payment.

I work in the construction industry and i would be mad to take a mortgage on now, I dont even think a bank would give me a mortgage anyway.

I bet you could sort me one out though couldnt you;)