Prediction time

[Evans Electric]

I think this year will see a lot of price rises ,  already started with Petrol...electricity ... I await the arrival of this years council tax with trepidation.

And if GM sell Vauxhall motors to Peugeot  ,  they'll shut it down  .  

 

[phil d]

What really annoys me about the current situation is the way people are talking us into problems, yesterday on tv we had the idiot Blair going on about how we should do something because "people didn't know what they were voting for" when they voted for Brexit. I know why I voted out and it had nothing to do with the much vaunted millions that we could give to the NHS if we didn't give so much to the EU. The whole situation is pathetic, the only thing that has yet to be said, and it probably will eventually, is that if we leave the EU the sun will come crashing into the earth and destroy the planet! I've been around long enough to know how it works, lets be honest you can talk yourself into anything if you want to. Get up Monday morning and it's raining, you say to yourself "this is going to be a horrible day", keep telling yourself that and it will be a horrid day, think positive and it will get better, a bit of rain never hurt anyone did it?

This is the problem we have at the minute, instead of everyone moaning about how bad it will be when we Brexit, they need to think positive, if you have positive thoughts then others around you have them and all of a sudden things get better, that's what's needed here, but unfortunately our non biased tv reporters give far more airtime to the naysayers than to those who think positive, think bad things and bad things happen,

 We can be a great nation again, we just need the idiots who keep saying we can't to shut up and start thinking how to make it better.  

 

[Murdoch]

Hum..... That idiot Blair.... Not sure many people are going tho take much notice of him judging by a Have Your Say  on the BBC website yesterday.....

 

[Sharpend]

The truth is it's not whether the people take notice of Blair, it's the people who really have a voice that will make the noise to support what Blair is saying. 

Personalky the bloke should be gagged for life, lets face it after all that he said when he was PM and the opposite/nothing that he did then and now he wants us to take notice of him?? The guy is deluded. 

 

[Blue Duck]

I think this year will see a lot of price rises ,  already started with Petrol...electricity ... I await the arrival of this years council tax with trepidation.

And if GM sell Vauxhall motors to Peugeot  ,  they'll shut it down  .  

I predict that the poor will get poorer the rich will get richer, they will blame it in the brexiteers... Truth is its been going on for years right under our noses but we're too distracted by terrorism and imigration to have noticed that they are selling everything that's not nailed down to the Chinese or their dogging  golf chums. 

The labour party cant do **** as the middle classes have been eroded away by inflated property prices, suddenly everyone over the age of 50 with a house is a millionaire with a fat pension thinking oh we done rather well under the conservatives...

every day is bringing us a step closer to George Orwell's predictions and we are too overworked and stressed out to do anything about it.

 

[Kurt]

Actually TB coming out so strong is just playing into the hands of Brexit, his credibility is toast.

 

[SPECIAL LOCATION]

the middle classes have been eroded away by inflated property prices,

That is without doubt one of THE fundamental problems with our whole economic situation...

PLUS the way lending to purchase a property was C***** up by the financial experts and gurus of approx. 20ish +/- 5 years ago.....

When banks started becoming building society's doing mortgages...

and building society's started becoming banks doing current accounts..

everyone started offering stupid multipliers of earnings to work out how much to lend....

PLUS the trend of Endowment mortgages instead of repayment mortgages...

So the final result of such a recipe is that any person on an average or below average wage cannot stand a chance at purchasing even a basic starter home!!!

If they had kept the old 3 or 3& half times the basic salary of the main wage earner the prices would not have risen to such a stupid level.

Whereas lending at 5+ times both salaries has just proved a disaster...

The average worker has sod-all expendable income left, after keeping a roof over their head 

there was a link put on a while back to a video balaming the F****** Bankers!!

 

[Evans Electric]

The average worker has sod-all expendable income left, after keeping a roof over their head 

I agree  and surprisingly , I distinctly remember Prime Mininster  John Major saying exactly that .  Well his words were on the lines of ... the average worker has no money left jangling in his pocket to spend anything extra  , after paying to keep his head above water . 

I was always amazed to suddenly hear , out of the blue ,  that house prices are to rise ,  I'm sure they even DOUBLED once  !!!   Correct me if wrong. 

There was never any warning .  Then I start to think   ( because of the corruption I heard of within the construction industry) .... who profits from such rises ?

The buyer ?     No he's the loser.

The builder ?   Yes , if it's a new build I suppose they would profit , but not with an existing property .

The seller ?      Perhaps  not as he has to pay the higher price for his next property. 

The mortgage lenders ?        Well they will be lending twice as much ,say, and earning twice as much in interest.  So yes but they would need to have extra money available.

The Estate Agents ?          Now theres the rub !  The higher the cost of the house ...their mark up percentage increases.    Surely they wouldn't all meet up to discuss price hiking ....that would be illegal surely?

 

[Blue Duck]

Thing is.. if like me you dont have any expendable monies the you have to pay for unexpected problems with credit cards, If I did not have a good credit rating and have this facility it would be pay day lenders or loan sharks, more work, more stress, less time to think about what the politicians are up to.

You can sell your property without the services of an 'estate agent' which is probably why the are shagging renters.

I may only be a canard but it seems quite simple to sort this mess out.

 

[Murdoch]

The cost of housing in the UK has been out of hand for about 20 years.... As the populating rises, and people live longer, and house building don't keep up this was always going to happen.

Low interest rates haven't helped either as people don't realise the impact of interest rate rises, which will happen sooner or later.

A correction is long overdue.

 

[ProDave]

The cost of housing in the UK has been out of hand for about 20 years.... As the populating rises, and people live longer, and house building don't keep up this was always going to happen.

Low interest rates haven't helped either as people don't realise the impact of interest rate rises, which will happen sooner or later.

A correction is long overdue.

I actually found a post on another forum that the number of houses built since I think it was the 1980's until now, almost exactly matched the increase in population over that period.  So to say "there are not enough houses" is clearly not strictly true and is a gross over simplification.
 

 

[Murdoch]

I actually found a post on another forum that the number of houses built since I think it was the 1980's until now, almost exactly matched the increase in population over that period.  So to say "there are not enough houses" is clearly not strictly true and is a gross over simplification.
 

I would be curious to see the data BUT over that period the number of people living in each home as dropped

This data is a couple of years old but I can't imagine much has changed..

http://visual.ons.gov.uk/uk-perspectives-housing-and-home-ownership-in-the-uk/

 

[Evans Electric]

I may only be a canard but it seems quite simple to sort this mess out.

:C

 

[binky]

increase in divorce rates and susequent demand for smaller proeprties hasn't helped, along with selling off council houses, so now  a family home is occupied by a single person, whereas before they would have been moved to a small bungalow.

In rush of immigrant labour has also firked things up.

 

[Sharpend]

I was always taught that its supply and demand only it doesn't seem true on the housing model, however I always thought that it was more of keep new properties to a minimum and that will drive up prices thus making more profit. The stupidity of it is most of you fell for it . Personally I'd leave well alone for what goes up must come down and inevitably house prices will be included in this. The only advantage to buying a house is to buy cheap and stay put. To buy with the intention of selling to upscale is just foolish imo. Remember you never actually own it until the last payment is made, until then you're renting it from the bank on their terms. 

 

[pewter]

I did some work for an old boy who used to be a big wig in the city. This is what he puts alot of it down to.....

When interest rates were 10%+ , he bought a house and 10 years later it was still worth the same.

Tony (the liar) Blair got our interest rates down to 5% so he could try and get us to take the Euro.

Now we have 1% interest rates everyone is mortgaged to the max buying property so they can make more money out of poor people, an increase in interest rates will cause chaos.

I hope interest rates go up, and the trend of treating shelter (houses) as a crazy pyramid scheme commodity, needs to be stopped.  

 

[binky]

has a lot to do with the fella who fell overboard from his yacht, ripping off pension schemes and undermining trust in pensions, I know many people who bought houses instead of putting money in pensions even when final salary schemes were available to them.

 

[ProDave]

 Remember you never actually own it until the last payment is made, until then you're renting it from the bank on their terms.

But when that final payment is made, it don't half feel good and you can look forward to cheap accommodation for the rest of your days.  13 years and counting for me since that wonderful liberating day. 
 

 

[Murdoch]

I hope interest rates go up, and the trend of treating shelter (houses) as a crazy pyramid scheme commodity, needs to be stopped.  

hum... have you tried to get a mortgage in the last 5 years.... they are tighter now than the early 1980's

 

[Sharpend]

But when that final payment is made, it don't half feel good and you can look forward to cheap accommodation for the rest of your days.  13 years and counting for me since that wonderful liberating day. 
 

Thats right up until the time you fall ill or are unable to look after yourself, then they'll expect you to sell it to pay for your care! 

Oh and of course there will always be the dreaded repair bills and upkeep of the property to pay for.

so what is the point? Why not enjoy your money whilst you are still able too and leave the costs to everyone else?