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Who knows their stuff, springs on the way which way are they going to go 
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The ftse is booming. They'll just keep going up
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They'll go where they always go - that's up.
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The ftse is booming.
Funny you should say that. Today's price action has the hallmarks of the killer upthrust. Most traders will be looking to short the index after that. But don't let me spoil your tea. |
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Crippen should know. He invests his tenants Housing Benefit wisely.
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Well the housing market is like the stock market. In the long term they both go up but in the short term no-one knows what they're going to do. However if I had to make a guess I'd say they should go up simply because of the basic fundamental rule of economics which is supply and demand.
In this now ridiculously over crowded island there is simply not enough houses to meet the demand so as with any scarce commodity the price goes up. |
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Rebels are 12 miles from Mariopol, Ukraine.....massive industrial plant produces 30% of Ukraine's GDP
Will EU/Nato make a stand....if War starts then house prices will fall. |
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Will EU/Nato make a stand
Don't be silly. Nobody gives a toss about Ukraine why should we? |
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A housing site we were on last year have stopped building on there now due to lack of demand. They were probably £400k houses which is quite expensive for the Midlands.
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Correction : about 30% of Donetsk Oblast region
T&C , they have nothing but good words for you. |
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meatloaf the barometer
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it depends if the builders spirit level was south facing
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The banks lend the money to inflate the price with money that is made from nothing
so the only way is up until the money system is changed..Sadly Young people will never afford a house unless they get jobs at the top of society.. |
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Prices will keep rising, stand on my word.
If the Tories get in, it will be nirvana. Anyone eligible will choose to convert their pension into a buy-to-let - it is an absolute no-brainer. Here's what you should do: 1) Get a list of elderly house owners in the area in which you seek to operate and send each of them a "moonshot" offer on their property. To make this list takes a bit of craft. Essentially, you are hoping to get a bite from bereaved, cash-poor or confused house owners. 2) Visit house-owner showing interest and make a realistic, generous offer. Often, the owner is looking to downsize or wishes to move nearer the more able members of a dispersed fasmily. Often the property has become too much for the owner to cope with. But once a sale is mooted, competition comes out of the woodwork. Be prepared to raise your offer. Get your offer accepted. 3) Wait until the transaction is very well advanced, to the point where the vendor has heavy commitments pending on the sale, then revise your offer downward by 30%. Your Surveyor is your soldier. In property, you make a killing when you buy, not when you sell, so be prepared up to the last minute to walk away unless you get 85% of the deal. 4) Get a tenant in and claim the interest back on your mortgage. |
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making money out of elderly confused people?
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UB Nicholas Van Hoogstraten.
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you make a killing when you buy, not when you sell,
That's until you learn how to make a killing when you buy and when you sell. |
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That's until you learn how to make a killing when you buy and when you sell.
How can you make a killing when you sell? surely you'll just get whatever the market value is |
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Emden,
Please don't ask for free advice as refusal often offends. |
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It's ok Dr C, I've just worked it out.
You buy cheaply off the elderly who are mentally confused... and then... you sell the same house back to them for a massively inflated price |
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1)Buy a house in a suburban better off area with a safe conservative majority.
2) Put in planning permission for a mosque. 3) Take the inevitable highly inflated first offer from the locals who don't want it in the vicinity. 4) Retire gracefully. I hope this is of assistance |
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THE HOUSES IN THE NICE PLACES WILL ALWAYS INCREASE TO KEEP THE WEALTHY IN MONEY ,THATS WHY THEVE LET THE IMMIGRANTS IN SO THEM ,WITH MONEY WILL WANT TO MOVE TO A BETTER AREA ,DUMP THE IMMIGRANTS IN THE POOR DISTRICTS MAKING EVERYONE WHOS GOT MONEY TO MOVE WANT OUT SO INCREASING THE VALUE OF THE NICE AREAS,MONEY MONEY MONEY MONEY
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YES I KNOW YOU NEED THEM IN TO MAKE LOTS OF PROFIT OFF THEM BUT MAKE SURE YOU KEEP THE HOUSE PRICES UP WE DONT WANT ANY OF THEM POOR IMMIGRANTS NEAR US ,YES SO LONG AS IT DOESNT AFFECT US LET ANY ONE IN ,
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Further to my original post, the time between agreement and contract-exchange is - forgive the pun - absolutely key. It certainly helps to have an overbidder - one's partner? - make a superior offer that is later withdrawn. The optimum time to "seal the deal" on your own terms is about ten minutes after the vendor hears of this disappointment.
It all sounds a bit hard-nosed but remember, in relieving an older person of a property they can no longer manage, you are doing her a favour, and a favour to her neighbours (at least the front lawn will be tidy!) keeping up the values of the neighbourhood.  |
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Puns on here are never forgiven
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There is a niche market in properties protected by the Fair Rent Act. Depressed prices = eyes on stalks. Tenants clinging to this have to be sitting in their property for the last 30 years! Time to move the fossils on, but how to persuade a person renting a two-bed apartment for£500pcm in Mayfair? Not easy but, as landlord, you are legally entitled to take the roof off. Literally, but only effective if the Fair Rent tenants are left open to the elements.
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London house prices are falling, overall prices will conti.ue to fall for at least 50 years.
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You're 180 degrees facing in the wrong direction if you think house prices are going to fall. Revisit the thread in a year, I guarantee lfc 1971 is wrong.
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UB the downside of your plan is that the Elderley person you refer to might have a younger family member who actually cares for them ,and on realising your scheme they may slice your head off
 Hope you have decent life insurance going into this venture  |
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casemoney raises a pertinent issue: where there's an elderly property owner, a meddlesome "family member" can often appear out of nowhere Surprising how many are keen to cash in early,
, and the sweetest deals are often sealed in tandem with interested family parties. But obviously, the more isolated the vendor, the greater the chance of a beneficial transaction. |
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Prices to go up in the short term
*From April over 55's will be able to cash out their pensions. With pathetic savings rates plus inflation eating away at any savings there really is few options if you want a return on your money, so a lot of people are buying properties to either rent out or refurb and sell on. *some of the best fixed rates are at record lows * UK is one of the fastest growing economies * Help to Buy and other schemes to help people on to the housing ladder are heavily promoted * immigration adding to the housing shortage * Lots of confused and elderly people selling up to get away from rogue landlords who are threatening to take their roofs off and ship them off to care homes  |
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think you need to factor in what happening on the continent as well as the uk and work out where it would be best to buy.
if you look in spain right now you can get flats on the coast for anything from 38k euros to 60k euros. varying from 1 to 3 beds. they arent even bank repos. bank repos are a bit more complex but you can get even lower than the market indicator. when the economy picks up on the continent you seriously think immigrants will prop up the market in the uk? when everything is cheaper over there ? 1 bed flat varies from 200 to 300 euros a months!!!!! its that price a week surrounding london ....people need to wake up. |
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They're that price for a reason though G1 , many coastal resorts are almost derelict plus everybody wants to get into the UK all of a sudden , the Euro may crash etc ...
as for the UK every area has it's own market , there are still many bargains I see around the Midlands for sale for instance , most young people & immigrants have no interest in ever buying which makes the rental market very appealing imo I'm still interested in buying another place to rent out although posters on here are enough to put anybody off buying to let , yes there are costs for void periods but if you buy cheap enough who cares as long as it rents often enough for a decent yield They simply won't CRASH (if they didn't in 2008 they never will) they'll just continue to creep up gradually but beating most other sensible investments imo |
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The mother of all ponzi schemes; as long as all of us can rent out three/four properties, the party goes on.
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After a lifetime in property as a Chartered Surveyor and estate agent the 2 most frequent questions I received.
Are prices going to go up or down? Answer: I don't know and neither does anyone else. When's the best time to buy and sell? Answer: I don't know. Just do it and find out afterwards. |
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its a gamble.
its not a gamble on the costa....they have already bottomed out. in the odd area prices are rising. unemployment is falling slowly. this wont be a boom recovery but it will be a steady and stable one. where i go they have even started to build a new block....bit shocked meself but someone clearly thinks the good times are gonna be back not far down the road. problem for the uk is if immigramts see other countries offering a better life they mr and mrs wojicjek will be offski. |
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Jaywick looks nice.
Get a bundle of cheap properties there.  |
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Jaywick lol - know someone who has a flat close to there up for sale - same sort of lines - you can't give them away ,no one wants to know .
Total white elephant . |
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Just found out today my BTL mortgage has been accepted. Interest is Less than £300 a month. Will rent out for perhaps £800-£1000 per month. This is in the Brighton area, 2 bed flat. With margins like that I cannot see prices dropping. The med does look cheap atm. Lagos in the algarve places are going for around £40k Sterling. Just seems really cheap to me, Lagos is a lovely place too, not like some of the chav holes you get in Spain, though admittedly a lot of people there do read the Daily Mail.
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bix - there speaks a man who can charge £600 per hour for saying it sometimes rains in February. Why take unnecessary risks? Surprised to find you on a gambling site tbh.
I'm 95% sure that house prices will be higher in 12 months, and 99.75% sure they will be higher on May 7th. If the market shows any sign of cooling, the Tories will stoke it up, it's their first priority. rob_dylan: yes the sums overwhelm every other consideration (£5 billion tax relief to BTL landlords). The country is embarked on the ultimate ponzi scheme. Nobody makes anything, no point in working hard or being creativ;, but we're all going to get rich as long as we can all find four tenants to live off. |