Your are viewing a read-only archive of the old DiS boards. Please hit the Community button above to engage with the DiS !
is that what's gwine happen?
about time eh? yeh?
I've managed to buy a house anyway, but don't plan on moving again for ages, so I'm confused by all this crashing mularky. On the plus side it meant I didn't have to pay stamp duty, hooray!
Is that some form of fact, or is that, in fact, bullcrap?
My sentence got credit crunched. Bum.
I just soak of financial information like a sponge, then deposit it onto the unwashed thigh of life.
nice ...nice one yeh? yeh welldone
They need to stick that shit back on C4, and PRONTO.
is a reasonable estimate - this excludes inflation so in real terms then 50-60% isn't out of the question...
if the average wage is £25k and banks return to sensible (ie. 3 times actual salary - not self assessment) lending then i can't see any other outcome.
then a year of stabilisation. The thing to remember thou is that to offset the cost of maintenance and interest on your mortgage you need them to rise at about 3% pa anyway just to break even otherwise its no diff than renting (throwing money away). Personally i was going to and can afford to buy but decided not too 18 months back cos this was obviously going to happen. Now im not even thinking about it for 3 years + cos theres no point.
The big mental check for the world is to realise they are very long term investments again. eg. dont buy unless u intend to stay for 5+ years min.
eg. wife and kids in school why not aslong as ur jobs safe but you'd be looking at 10 years before you get a return on investment.
which is good cos it means only these types will buy and logic will return.
interest from their funds... if you think about it, it's cheaper than owning a property, maintaining etc.. but of course, that's definately not this board populous.