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Do you think the market will crash?
ian13
Posts: 3 Newbie
Do you think the housing market is likely to crash? Given the reaction to the Northern Rock crisis, it seems that people may be loosing trust in the financial boom.
So is it a good time to sell up and downsize, sell to rent, or just stay where you are? And is there a good option as to what to do with the proceeds. Maybe savings isn't a good idea after all..?
So is it a good time to sell up and downsize, sell to rent, or just stay where you are? And is there a good option as to what to do with the proceeds. Maybe savings isn't a good idea after all..?
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yeah..............0
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Put it under the mattress.And is there a good option as to what to do with the proceeds. Maybe savings isn't a good idea after all..
But get a guard dog first and train them not to eat food from strangers.I'm not cynical I'm realistic
(If a link I give opens pop ups I won't know I don't use windows)0 -
If Northern Rock did go under it would be due to all the panic stricken idiots pulling their money out. :rolleyes:
What will happen though is that it will get bought out by someone else and all the panic stricken idiots will say 'told you so' followed by 'I only paid a tenner for my house and I've made a fortune; I'm really clever, me'Everything that is supposed to be in heaven is already here on earth.
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Doozergirl wrote: »If Northern Rock did go under it would be due to all the panic stricken idiots pulling their money out. :rolleyes:
What will happen though is that it will get bought out by someone else and all the panic stricken idiots will say 'told you so' followed by 'I only paid a tenner for my house and I've made a fortune; I'm really clever, me'
There's nothing wrong with 'panic sticken idiots' wanting something more secure for their savings.
Blame the 'panic stricken idiots' who have kept this housing bubble alive by doing almost anything to get on the housing ladder (125% mortgages, self cert mortgages etc..)Disclaimer: Any spelling mistakes or incorrect grammar is purely coincidental and in no way reflects the intelligence of the author.0 -
Well, if you live in Somerset, here's some impartial advice for you...
Somersett Gazette - Housing Crisis for First Time BuyersEstate agents in West Somerset say that for first-time buyers to get on the ladder they need to lower their ex-pectations, possibly move further afield and expect to ask for help from their parents.
Greg Lang, a partner at Ex-moor Property, told the County Gazette: "House prices have shot up enormously in this area over five years.
I'm seeing a lot of this in regional/local newspapers at the moment.Nick Maddocks, the sales manager at Fox and Sons in Minehead, said: "The influx of buyers from out of the area for re-tirement or holiday homes has far exceeded the price of suitable pro-perty for first-time buyers beyond the realms of possibility.
"The lack of any serious wage in the area is contributing to the problem."
Mr Maddocks said that first-time buyers needed to lower their expectations and get on the ladder as soon as possible.
"The best time to get on the ladder is always now."Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
If you're going to panic, panic early!Doozergirl wrote: »If Northern Rock did go under it would be due to all the panic stricken idiots pulling their money out. :rolleyes:
What will happen though is that it will get bought out by someone else and all the panic stricken idiots will say 'told you so' followed by 'I only paid a tenner for my house and I've made a fortune; I'm really clever, me'"Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
As soon as you tell people not to panic, they panic!
Can you remember the fuel crisis and people being told not to panic?Disclaimer: Any spelling mistakes or incorrect grammar is purely coincidental and in no way reflects the intelligence of the author.0 -
Guy_Montag wrote: »If you're going to panic, panic early!
Exactly, there is no downside to panicking. It's the ones that don't panic that will lose out. So, go on panic and keep panicking until you get all of your money out of this shambles of a fourth rate bank.
Not only do they not understand their own business they are assuming that the internet banking public are all fools. If I was denied access to my own money with no recourse in going to a branch I would be absolutely furious and I doubt whether I would be mollified by the empty platitudes of a chancellor who clearly is not even in control of his own eyebrows or a CEO who, lets face it, is just a skinhead.0 -
The one thing that really confuses me about all of this.... does Darling dye his hair white or or eyebrows black......? I think the public has a right to know.Mortgage debt - [STRIKE]£8,811.47 [/STRIKE] Paid off!0
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Well, I will now know when the crash comes because everyone will be screaming and commiting hari-kari.
What is wrong with having your own mind, I have no idea. I need to watch more ITV
Everything that is supposed to be in heaven is already here on earth.
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