Housing Crash....

[planeterotica]

It dosnt need a crash just a slowdown in the economy with most people morgaged well above their heads you would be fucking stupid to buy now, i had a few grand in shares invested in a property fund which had done well over a few years returning around 20% a year with Fidelity but i sold them back in April and put the dosh into a high rate deposit account and i sleep well at night not having to worry about the markets !cool!

[Nob3y]

sodding hope so.I might be able to get a flat then

[planeterotica]

What you want a flat tyre for then knob !cool!

[Nob3y]

what the fuck are you going on about ?
whats a tyre got to do with long overdue housing price crash ?

[laralatex]

he's joking with you. you. Touchy subject planeteortica?

[Sam Slater]

[quote]what the fuck are you going on about ?[/quote]

Lol........

[img]http://www.thch.org/GettingaHome/THCHsf ... play=small[/img]

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[img]http://www.lemis.com/grog/Images/200111 ... yre-1.jpeg[/img]

[Jonboy]

Hello Planet If you don't need the money for a while why not by either Lloysds TSB or Northern Rock shares, Dividend yield is over 6,50 % witholding tax 10 % and if you wait the capital Gain should be woth quiet a bit and yes I have done this

[jimslip]

It's going to be carnage, in 1992 the interest rate went up to 16% I was paying about ?800 on a ?65000 mortgage. The average mortgage now is about ?250,000...........God help 'em