Ooh buyers are coming back

Zammo

julie_d wrote: »

Yep, can agree with poster :j . No viewings since October :eek: .
Now have had a call from EA. for a viewing tomorrow
We will see, maybe 2008 will see a lot of changes? new home, new job, etc..
Best Wishes... Julie

Please do keep us updated on just how far below your asking price the offer comes in at, if they make you one at all.

:rotfl:

SquatNow

m00m00 wrote: »

4.1% looks like it won't cut it any more

http://news.bbc.co.uk/1/hi/business/7171345.stm

Yes I know I was quoting last months figures.

Apparently the increase in gas/leccy should put CPI up by a 0.6% to 2.7%

RPI will then be close to 5%.

Zammo wrote: »

Please do keep us updated on just how far below your asking price the offer comes in at, if they make you one at all.

:rotfl:

If the buyers come on here they will be advised to offer 20-30% below asking price.

gingin_2

andrew8018 wrote: »

Aplologies for the forthcoming rant but I've just re read this thread and simply cannot beleive some of the naivety on here. There is nothing that can possibly re-inflate this bubble now. IMO the BOE would have to cut the base rate by 2% to get people buying again.

Even if you do believe this figure, people will not feel this in their pockets by the time todays report of 15% energy price rises are implemented in the coming months and it costs a days wages to fill you car with petrol. This rampant inflation will prevent the BOE taking IR down by any significant amount.

Spot on!

From this mon to today husbs train fare has risen by 14% (he paid a whopping £106 per week prior to this), this is for one of the UK's busiest commuter routes so will affect a lot...

Gas bill up by 15%

Cost me £58 to fill up the car

£40 for 5 bags of groceries, no meat, no alcohol just good quality own branded fresh goods.

Looked at airfares to visit the overseas rellies £4200 for the cheapest flights for 4 to New Zealand!

It's all changed so much

Council tax to rise, other bills to rise, what else?

It's crazy, inflation MUST be rocketing. I will furious if the BOE lower interest rates.

Prices NEED to fall for this generation and the next generation I really worry for my kids if this continues because what will it be like in 20 years time?

mystic_trev

m00m00 wrote: »

4.1% looks like it won't cut it any more

http://news.bbc.co.uk/1/hi/business/7171345.stm

Bloody Labour (and the other lot 'aint much better) I'm beggining to feel I'm back in the early /mid 70's. Am I an extra on Life on Mars? Am I in a coma? (to much seasonal boozing) can I hear T-Rex ? Have I got a full head of hair?

This is all getting very depressing...........further IR cuts on the way, more Inflation and the £ tanking. You can forget yer blooming house prices going up, the worst drops (in the last 'crash') happened when IR's were being slashed!

Thanks Gordon.......you pratt. No more boom and bust ehhh ?

Mozette

Gas and electric OMG!!! :eek:
I'll be burning bits of the house to keep warm! :rotfl:

SquatNow

gingin wrote: »

Prices NEED to fall for this generation and the next generation I really worry for my kids if this continues because what will it be like in 20 years time?

Well your kids will be paying 40-60% income tax for a start. See this thread:
http://forums.moneysavingexpert.com/showthread.html?t=618029
Our parents have left us a few debts to pay... for a start theres a £1 TRILLION civil service pension debt. That's £1,000,000,000,000.00
Assuming 50% of the population is gainfully employed (fat chance) it works out at about £35,000 each. Currently 50% of the population is classed as being in employment, but that is expected to drop as more people retire, so expect to have to repay £50,000 each. Oh, and all the bills our parents left us? They're index linked to RPI, so they cant be inflated away... in fact your personal debt liability for your parents civil service pension bill will climb by £1400 in 2008. (With RPI at 4.1%)

So effectively if it was an interest only mortgage, it would cost you £119.58 a month. A repayment mortgage would cost £186.68. And those are assuming inflation doesn't rise at all. (Thanks to http://www.moneymadeclear.fsa.gov.uk/mortgagecalc)

Dont worry though, you and I will be in the camps well before then:
http://forums.moneysavingexpert.com/showthread.html?t=608253
As soon as you are 2.5 months behind on the mortgage you'll be out on your ear and moved to temporary accomodation. With 700,000 mortgages due to reset in the first 3 month of this year... there will be a lot of people needed temporary housing. Aircraft hangers are ideal.

The baby boomers have left their children and grandchildren a gargantuan debt to pay off. You and your children can expect lives of poverty and subservience to your parents.

Happy New Year.

epz_2

if they do cut rates then inflation will just get worse and everyone knows what happens then, unfortunatly gordy boy has an election to win and we can expect the cpi to dump energy costs and focus more on stuff like the cost of dvds soon.

brit1234

You forgot rail fares.

If the BOE cut rates this month then they should be shot as they are clearly not independent. Strange how they are being pestered to prop up house prices when there jurisdiction is CPI rather than RPI.

The crash is happening, nothing can stop it now.

gingin_2

SquatNow wrote: »

Well your kids will be paying 40-60% income tax for a start. See this thread:
http://forums.moneysavingexpert.com/showthread.html?t=618029
Our parents have left us a few debts to pay... for a start theres a £1 TRILLION civil service pension debt. That's £1,000,000,000,000.00

Dont worry though, you and I will be in the camps well before then:
http://forums.moneysavingexpert.com/showthread.html?t=608253

The baby boomers have left their children and grandchildren a gargantuan debt to pay off. You and your children can expect lives of poverty and subservience to your parents.

We will truly leave then squat now. For us it's as simple as packing our suitcases. The UK will lose a family of taxpaying, non debt ridden, non criminal record laden citizens and we are lucky we have the ability to fook off to somewhere better.

Edit : I suspect we are not the only ones...


Boooooooooo to Gordon Brown and his miracle economy

carpmaster

Melissa177 wrote: »

I find this site to be a not bad indicator, it's based on selling price rather than asking price:

http://upmystreet.com/property-prices/trends/l/sw3.html

Incidentally, other parts of London are looking like this:

http://upmystreet.com/property-prices/trends/l/sw11.html

http://upmystreet.com/property-prices/trends/l/e14.html

http://upmystreet.com/property-prices/trends/l/se16.html

Yes very good and how convenient that the figures on there are 6 months behind, meaning they don't include the last 4 months of house price falls!