Tradefair & Financials
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23 Mar 10
17:19
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01 Jun 07
but im worried about the next 24 months and the prospect of higher taxation, possible rate rises in maybe a years time. It maybe a buyers market but Im scared
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Replies: 13
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be buying cash surely
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Scared of it being a sellers market ?
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I'm scared that this thread might be a wind up.
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sort of but at the same time it worrying is it not? there are uncertain times ahead
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Yes, decreased personal disposable income levels, higher taxation, a weak currency (which is unable to export itself out of exchange rate abyss), restrained credit, tepid growth, non-existent job creation and loads of overleveraged boom years buyers is the perfect conditions to put a 200k bid for a mouldy old house with rotten bricks in the south somwhere with a matchbox bedroom and not enough space to swing a small child around.
The boom years are gone, just sell up your 300k house, spend 50k for the next two years enjoying yourself, 20k on renting (if ur not going travelling round the world with ur money), then come back to the UK buy the house u sold for 300k in 2010, now in 2012 for 220k and get a job as a surveyor or EA or Recruitment consultant and take advantage of the next 5 year boom period, with fat fees for doing diddly squat. Sorted |
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That's what I'm hoping for Mikaad.
We sold up and moved from the UK 3 years ago. Our house in Oz has gone up in value and the Aussie dollar has kept on getting stronger. In 2 or 3 years time if GBP / AUD is around the 1.3-1.5 mark, and houses in the UK 10-20% cheaper, then we may sell up in Oz and buy a house that was unattainable for us a few years ago without a mortgage. A hung Parliament or one-eyed Gordon still in power after the election might help! |
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your house in oz has gone up in value or price?
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Aren't they the same thing?
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How daft can you get!!
Low interest rates forever..Fill your boots! |
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"How daft can you get!!
Low interest rates forever..Fill your boots!" dafter by the looks of it |
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Says the man who is "scared!"
Wht the hell are you scared of? |
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So, Chisel, do you believe in TA or don't you??
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"Low interest rates forever..Fill your boots"
one of the most mental things ive ever seen |