Tradefair & Financials
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these are the options unless my sale falls through!
if i do buy it's not going to be until the money from the sale is in my bank account.
Renting is going to cost me £500-£550 a month with bills to pay.
Lodging would cost £250-£300 a month with no bills although not as much freedom.
If i consider either renting or lodging i would earn around 2.5% net interest off my readily available deposit which would cover lodging but not renting (i know i've forgot about inflation).
Personally i cannot see house prices going north over the next few years but they may head south but by how much?%?
Lodging sounds pretty tempting at present but i may think differently once i'm sharing someone elses home.
Anyone any thoughts on the direction of house prices over the next couple of years?
if i do buy it's not going to be until the money from the sale is in my bank account.
Renting is going to cost me £500-£550 a month with bills to pay.
Lodging would cost £250-£300 a month with no bills although not as much freedom.
If i consider either renting or lodging i would earn around 2.5% net interest off my readily available deposit which would cover lodging but not renting (i know i've forgot about inflation).
Personally i cannot see house prices going north over the next few years but they may head south but by how much?%?
Lodging sounds pretty tempting at present but i may think differently once i'm sharing someone elses home.
Anyone any thoughts on the direction of house prices over the next couple of years?
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actually also add TENT as an option due to the drop in share prices 
can't see prices going north. can't see them crashing either. will probably be a few % down I reckon. Not sure what will happen when interest rates inevitably rise.
kind of depends where you live. how about getting a small cottage somewhere remote, with nice bit of land, and become self sufficient? can't go wrong with that. Obviously not feasible if you have a job in london or something.
kind of depends where you live. how about getting a small cottage somewhere remote, with nice bit of land, and become self sufficient? can't go wrong with that. Obviously not feasible if you have a job in london or something.
Think ltv also. High = bank profit & small impact on lend. What happens next. High inflation coupled with no salary increases to match mains major pain. I wonder is Finland from the early nineties the future?
In 1991 the Finnish economy fell into recession. This was caused by a combination of economic overheating, depressed markets with key trading partners (particularly the Swedish and Soviet markets) as well as local markets, slow growth with other trading partners, and the disappearance of the Soviet barter system. Stock market and housing prices declined by 50%.[14] The growth in the 1980s was based on debt, and when the defaults began rolling in, GDP declined by 13% and unemployment increased from a virtual full employment to one fifth of the workforce. The crisis was amplified by trade unions' initial opposition to any reforms. Politicians struggled to cut spending and the public debt doubled to around 60% of GDP.[14] Much of the economic growth in the 1980s was based on debt financing, and the debt defaults led to a savings and loan crisis. Total of over 10 billion euro were used to bail out failing banks, which led to banking sector consolidation.[15] After devaluations the depression bottomed out in 1993.
hmmmm
hmmmm
cheers for your thoughts, i've arranged to lodge at a friends for a few months if the sale goes through as my friends could do with the extra cash
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