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Re: Housing Crash....
Posted: Sun Sep 09, 2007 6:17 pm
by 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!
Re: Housing Crash....
Posted: Sun Sep 09, 2007 6:49 pm
by Nob3y
sodding hope so.I might be able to get a flat then
Re: Housing Crash....
Posted: Sun Sep 09, 2007 7:26 pm
by planeterotica
What you want a flat tyre for then knob !cool!
Re: Housing Crash....
Posted: Mon Sep 10, 2007 2:43 pm
by Nob3y
what the fuck are you going on about ?
whats a tyre got to do with long overdue housing price crash ?
Re: Housing Crash....
Posted: Mon Sep 10, 2007 3:01 pm
by laralatex
he's joking with you. you. Touchy subject planeteortica?
Re: Housing Crash....
Posted: Mon Sep 10, 2007 3:27 pm
by Sam Slater
Re: Housing Crash....
Posted: Mon Sep 10, 2007 4:06 pm
by 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
Re: Housing Crash....
Posted: Mon Sep 10, 2007 5:15 pm
by 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
