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How much a month is your rent/mortgage |
Less than £100 |
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21% |
[ 13 ] |
Less than £200 |
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8% |
[ 5 ] |
Less than £400 |
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18% |
[ 11 ] |
Less than £600 |
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21% |
[ 13 ] |
Less than £800 |
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11% |
[ 7 ] |
Less than £1000 |
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5% |
[ 3 ] |
Yikes |
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13% |
[ 8 ] |
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Total Votes : 60 |
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oldish chris
Joined: 14 Jun 2006 Posts: 4148 Location: Comfortably Wet Southport
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Posted: Tue Jun 26, 12 6:51 pm Post subject: |
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[quote="Chez:1265016"]
Shan wrote: |
I do think that there has been a lot of speculation in the new-build market - blocks of flats in Manchester, for example, that were bought up by investors and simply held, without being let out, until prices rise. I don't know where that stands now. |
and Liverpool, Birmingham and a few NE cities: they've lost a packet apparently. I have read that house prices are being maintained by the mortgage companies. The theory is: you have loaned 90% on several adjacent £100K houses. Fine. One house-holder can't pay, you repossess, it sells for 85K. You've now got several houses with negative equity. That's a problem.
Me? I don't mind, bought house for half its present value, have no mortgage, don't plan moving (other than to local Crem some time in the future).
I have got some shares BTW. They've halved in value since 2004, but the dividend isn't bad (way better than a deposit account). |
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oldish chris
Joined: 14 Jun 2006 Posts: 4148 Location: Comfortably Wet Southport
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jema Downsizer Moderator
Joined: 28 Oct 2004 Posts: 28203 Location: escaped from Swindon
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marigold
Joined: 02 Sep 2005 Posts: 12458 Location: West Sussex
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