Property as we know is supposed to be "bricks and mortar in the bank " :shock:
but do you buy do you rent :shock:
buying ..the property can go down and certainly it wont go up at present unless you live in London ?
do you rent ? at worst you fall out of work the social pay your rent and council tax but no return on rent paid .
hmmmmmm a dilemma :shock:
trav ..
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The economic climate do you rent do you buy ££££££££
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I have a brother who is a property baron :shock:
and he says its never been better to buy as now but ???
will property drop even lower as the starnglehold of the recession bites ??
and he is 100% in the saddle when it comes to ££££££££ and the tightest git you could meet :shock:
so tight he would wash his condoms to use again ???
so its gets me thinking who is right who is wrong ....what a gamble wnen it comes to £££££££££
trav..
and he says its never been better to buy as now but ???
will property drop even lower as the starnglehold of the recession bites ??
and he is 100% in the saddle when it comes to ££££££££ and the tightest git you could meet :shock:
so tight he would wash his condoms to use again ???
so its gets me thinking who is right who is wrong ....what a gamble wnen it comes to £££££££££
trav..
Sex God
Neither. Hook up with someone who has a place of their own. Marry them, be mean to them until they break and they have an affair. Divorce them for adutery and claim 50% of their property, goods and chattels and THEN you can choose to rent or buy from a position of strength.
Beware as no one on here possesses a crystal ball and can safely predict the future.
House prices are a kalaiedescope of segments and each may perform surveys have reported increasing house prices for each of the last 3 is not a true guideline as activity has been so low and mainly at the mid to upper sectors. Funding from banks is still very difficult to obtain especially at entry will continue to supress sales. The recession is far from over as we all have yet to suffer the inevitable public finance cuts which will be massive and will take unemployment to never before seen heights. This will also negatively affect property prices.
On the positive side both in the private and public sectors the national shortage of properties has not been addressed and this will put upwards pressure on prices.
So there's a few points to consider. Of course rental is dead money but in the short term can protect any capital you may have built up.
However if you buy be sure you know how you would cope if all went belly up and you lost your be aware Mortgage interest rates will be going up in the future ...and not too far away at that(2010 or 2011).
Hope all thats helped .... :shock:
House prices are a kalaiedescope of segments and each may perform surveys have reported increasing house prices for each of the last 3 is not a true guideline as activity has been so low and mainly at the mid to upper sectors. Funding from banks is still very difficult to obtain especially at entry will continue to supress sales. The recession is far from over as we all have yet to suffer the inevitable public finance cuts which will be massive and will take unemployment to never before seen heights. This will also negatively affect property prices.
On the positive side both in the private and public sectors the national shortage of properties has not been addressed and this will put upwards pressure on prices.
So there's a few points to consider. Of course rental is dead money but in the short term can protect any capital you may have built up.
However if you buy be sure you know how you would cope if all went belly up and you lost your be aware Mortgage interest rates will be going up in the future ...and not too far away at that(2010 or 2011).
Hope all thats helped .... :shock:
Sex God
Just think about the number of people in this country, the lack of space and the lack of housing. You would be a magician to identify the very moment in time when property prices are at their lowest and you never will. As long as you view it long term, you will be fine.
Sex God
The way I see it is that property is really cheap right now so buying would be the way ahead as long as you are not planning to sell it again in the near future as house prices could still be falling. If you are in no rush to get rid then you're bound to make some money when house prices go up again which they are bound to do at some point ...... You're only gonna loose money on a house if you need to sell it during these hard times. If you are in the position to buy and know that you can afford the repayments even if the interest rates go up even more then I'd say you'd be a fool not to.
Being no financial expert this is of course just my opinion, so if you decide to buy and end up loosing money .... sorry
Being no financial expert this is of course just my opinion, so if you decide to buy and end up loosing money .... sorry
Warming the Bed
Quote by __random_orbit__
all property is theft.
lp
Eh!!!
:idea: Travel the country ...meet new and interesting people ...save on rent or mortgage ...pick your plot ...and SQUAT!!!!
There you go ...problem solved.
Quote by Seb2009
Eh!!!
:idea: Travel the country ...meet new and interesting people ...save on rent or mortgage ...pick your plot ...and SQUAT!!!!
There you go ...problem solved.
I like the idea of squats now more than I did years ago. Perhaps I've seen some real positives that come from it now.
We used to have a great little squat cafe - everyone brought something towards the menu for the day. Could be carrots, lentils, tea or something and people would take it in turns to cook for everyone that came in.
Recently I've been attending lots of Gallery exhibitions - one of them is a squat gallery. There is a waiting list, those who are using it paint to a design they want (inside and out), they take responsibility for the building until its the next persons/organisations turn. Works well....
We have another really lovely one (well I like it) not sure what it is wholly used for - but I know they do up furniture that,s been thrown out. Hence called the Magpie
They sell it for a few quid or give it away to those who would like it. The building is completely covered in street art with strange sculptures in the garden. I love the building and the concept of it - I'm always taking pics of it as the street art changes often and the users of the building are really friendly.All the above for example are long term vacant properties where the landlord/owner cannot be traced. If people didn't care for these buildings they would become soon become an eyesore and stay like that due to the owners being untraceable.
Sex God
Buy low. Sell high.
Can't think of how it can be any more simple
Can't think of how it can be any more simple
Sex God
Quote by travlinmanukok
Property as we know is supposed to be "bricks and mortar in the bank " :shock:
but do you buy do you rent :shock:
buying ..the property can go down and certainly it wont go up at present unless you live in London ?
do you rent ? at worst you fall out of work the social pay your rent and council tax but no return on rent paid .
hmmmmmm a dilemma :shock:
trav ..
we rent and always have never made it onto the property ladder and don't b fooled by thinkin if outta work ya rent gets paid when recently in that position only got the grand sum of £16 per month toward our rent wish it had of just been paid would of had less grey hair by the end of it bloody lucky i dye it
