New Posts For Thread: I'm thinking of buying a second homehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/25150477/i039m-thinking-of-buying-a-second-homeI'm 51, have paid off the mortgage, got £20K I can use as a deposit, and I reckon property is a good long-term investment. I believe though, that there will be an incredible price crash next May/June time, when the VAT, tax rises and unemploymeI believe everything is due for a crash. The stock market has been in bear market for the last 10 years. FTSE 100 @ 31/12/1999 almost 7000. Today 4850. Bear market which will take another 10 years before its over. Further falls on the horizan. Properhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/25150477/i039m-thinking-of-buying-a-second-home?post_id=454340937#454340937I believe everything is due for a crash. The stock market has been in bear market for the last 10 years. FTSE 100 @ 31/12/1999 almost 7000. Today 4850. Bear market which will take another 10 years before its over. Further falls on the horizan. ProperWed, 30 Jun 2010 16:58:31 -0500I would be interested to hear what some of those in the know and are prepared to be honest have to say on the matter... i.e mortgage brokers, estate agents, property developers...etc You need the chisel mortgage-broker-batman-floodlight.https://community.betfair.com/tradefair__financials/go/thread/view/94198/25150477/i039m-thinking-of-buying-a-second-home?post_id=454336333#454336333I would be interested to hear what some of those in the know and are prepared to be honest have to say on the matter... i.e mortgage brokers, estate agents, property developers...etc You need the chisel mortgage-broker-batman-floodlight.Wed, 30 Jun 2010 16:24:36 -0500Good luck with finding that.https://community.betfair.com/tradefair__financials/go/thread/view/94198/25150477/i039m-thinking-of-buying-a-second-home?post_id=454302445#454302445Good luck with finding that.Wed, 30 Jun 2010 12:08:58 -0500I live in the centre of York. Yes the last government went to huge lengths to keep house prices stable and the market as fluid as possible. Most dont want to believe a correction is on the cards but I dont see what can be done to prevent it.I wouldhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/25150477/i039m-thinking-of-buying-a-second-home?post_id=454295141#454295141I live in the centre of York. Yes the last government went to huge lengths to keep house prices stable and the market as fluid as possible. Most dont want to believe a correction is on the cards but I dont see what can be done to prevent it.I wouldWed, 30 Jun 2010 11:11:55 -0500The last Govt went to great lengths to support the market but its only delayed the inevitable.https://community.betfair.com/tradefair__financials/go/thread/view/94198/25150477/i039m-thinking-of-buying-a-second-home?post_id=454266997#454266997The last Govt went to great lengths to support the market but its only delayed the inevitable.Wed, 30 Jun 2010 07:05:12 -0500market flooded with propertys for saleAbsolutely cr...ap.Where do you live....we have been having a house price for the last 10 yrs...why has it never happened ?https://community.betfair.com/tradefair__financials/go/thread/view/94198/25150477/i039m-thinking-of-buying-a-second-home?post_id=454264905#454264905market flooded with propertys for saleAbsolutely cr...ap.Where do you live....we have been having a house price for the last 10 yrs...why has it never happened ?Wed, 30 Jun 2010 06:35:43 -0500The builders are not building for a reason... they are unable to shift the ones they have built. Some of the offers they are making for part exchanges are incredible. I know of one instance where the bottom of the chain almost broke down on a salehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/25150477/i039m-thinking-of-buying-a-second-home?post_id=454213745#454213745The builders are not building for a reason... they are unable to shift the ones they have built. Some of the offers they are making for part exchanges are incredible. I know of one instance where the bottom of the chain almost broke down on a saleTue, 29 Jun 2010 18:04:19 -0500Prime land in my City is owned by housebuilders but it is not cost effective for them to start building houses yet... I wonder why.It's exactly why the property market will begin to recover, the builders are not building many and this creates ahttps://community.betfair.com/tradefair__financials/go/thread/view/94198/25150477/i039m-thinking-of-buying-a-second-home?post_id=454209757#454209757Prime land in my City is owned by housebuilders but it is not cost effective for them to start building houses yet... I wonder why.It's exactly why the property market will begin to recover, the builders are not building many and this creates aTue, 29 Jun 2010 17:27:34 -0500trying to sell my top floor flat at the moment & have had two viewings so far, both buyers were eldery ladies who each came with their daughters, both loved the flat but because it was top floor did not buy.....i'm now thinking of banning pensiohttps://community.betfair.com/tradefair__financials/go/thread/view/94198/25150477/i039m-thinking-of-buying-a-second-home?post_id=454201357#454201357trying to sell my top floor flat at the moment & have had two viewings so far, both buyers were eldery ladies who each came with their daughters, both loved the flat but because it was top floor did not buy.....i'm now thinking of banning pensioTue, 29 Jun 2010 16:20:30 -0500The property shortage myth is one of the great lines used by Estate Agents.Leeds, Birmingham and Manchester has thousands of flats in new build complexes lying emptyPrime land in my City is owned by housebuilders but it is not cost effective for themhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/25150477/i039m-thinking-of-buying-a-second-home?post_id=453915417#453915417The property shortage myth is one of the great lines used by Estate Agents.Leeds, Birmingham and Manchester has thousands of flats in new build complexes lying emptyPrime land in my City is owned by housebuilders but it is not cost effective for themSun, 27 Jun 2010 17:26:15 -0500