Any other home buyers in NI?

saverbuyer

bingobangobongo wrote: »

Anyone know anything about this company here?

http://www.negativeequityni.com/

What can they offer for those in negative equity??

False hope.

motorguy

saverbuyer wrote: »

The vast majority are though.

Really?

I would have a fairly tight grip of knowledge on the call centre market and TBH other than the regular tranches to backfill and for small project gains i'm not seeing massive recruitment drives by established companies OR by new companies setting up.

Also, as has been said, there are relatively few call centre jobs advertised.

And again, this has been backed up by what others are seeing too

Mistral001 wrote: »

Someone mentioned call centre jobs. I regularly scan the jobs market in NI and I find that there are very few call centre jobs advertised.

motorguy

saverbuyer wrote: »

But there are no jobs in the sticks. It's cheaper because the vast majority need to travel away from there to work. There's less land in the city, more demand.

It's only worth what someone else can and will pay.

Right

You're getting in to circular arguments here. You need to re-read how this came up. Post #251 is what i was commenting on this.

motorguy

saverbuyer wrote: »

To be honest I'm not sure if you can claim a "recovery" based on a couple of houses selling in CherryHill. I think they are selling them in twos as they build them.

They've all sold prior to being built and theres a waiting list for people pulling out.

I see quite a few developments opening out again and building commencing / recommencing.

There are people buying houses out there. There is some movement in the market.

This is very different to what it was 5 years ago.

qwert_yuiop

motorguy wrote: »

I would say a lot of people would be 'prepared to pay' prices that are out there, but cant.

Well, if that's correct then prices can only drop further.

As for a house being only worth what someone will pay for it, that is precisely what you will get for it, so whatever else you think it's worth is not relevant.

It's pretty dismaying to think the only way we can increase employment is to advertise ourselves as a low pay bastion. Which of course also means a downward pressure on property prices.

saverbuyer

motorguy wrote: »

Really?

I would have a fairly tight grip of knowledge on the call centre market and TBH other than the regular tranches to backfill and for small project gains i'm not seeing massive recruitment drives by established companies OR by new companies setting up.

Also, as has been said, there are relatively few call centre jobs advertised.

And again, this has been backed up by what others are seeing too

I'm not saying there are recruitment drives.

I'm saying the majority of InvestNI FDI jobs in the last 10 years have been call centre based.

Actually this is what the National Audit office said, not me.

motorguy

tara747 wrote: »

You said: "dropping house prices has done nothing at all for the economy, where the confidence that even gently rising prices would bring could be beneficial overall."

Meaning that falling prices = bad and rising prices = good? Or have I misread what you wrote?

Yes, you've misread. What i'm saying is that as long as people see house prices falling it will not instill any confidence. Where theres no consumer confidence, consumers dont spend.

tara747 wrote: »

Oh and house prices going up does equate to overspending.

No it doesnt. If a can of beans is 20p and the price goes up to 21p, there are various benefits to this, however the consumer can still 'afford' that increase.

If people end up paying £10.00 for a can of beans, then thats clearly overspending.

tara747 wrote: »

The banks are only doing what they should have done years ago i.e. sensible lending.

Its nothing to do with 'sensible lending' and everything to do with them preserving their profits and bonuses. Banks dont give a monkeys about individuals.

saverbuyer

motorguy wrote: »

They've all sold prior to being built and theres a waiting list for people pulling out.

I see quite a few developments opening out again and building commencing / recommencing.

There are people buying houses out there. There is some movement in the market.

This is very different to what it was 5 years ago.

We'd just have to take your word for it.

So you are saying this development off only 23 houses have all be sold off plan?

saverbuyer

motorguy wrote: »

No it doesnt. If a can of beans is 20p and the price goes up to 21p, there are various benefits to this, however the consumer can still 'afford' that increase.

If people end up paying £10.00 for a can of beans, then thats clearly overspending.

You have completely lost me here.

So any price rises a consumer can afford are a good thing?

Energy? Oil?

motorguy

qwert_yuiop wrote: »

Well, if that's correct then prices can only drop further.

Indeed - a lot of people 'cant afford' their own house now through lack of a reasonable deposit or not meeting the lending criteria.

Therefore dropping the value of houses further wont resolve that.

Maybe we need to move away from the mentality that people have 'the right' to own their own house?

qwert_yuiop wrote: »

As for a house being only worth what someone will pay for it, that is precisely what you will get for it, so whatever else you think it's worth is not relevant.

Just because some individual cannot raise the finances to buy something does not mean its not 'worth it'.

If i had a £200K ferrari that i was going to sell to someone for £100K and they could only raise £50K of a loan, it doesnt mean the Ferrari is only worth £50K.