 Living in Illegal apartment and getting 2 months to move out with toddler?? Can we get more time to move? |
| My husband and I with our 1yr old son live in an illegal attic apartment... When we moved in we didn't think it was illegal until our friends told us it was when we have already moved in. (we ... |
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 My house has been on the market since march 2006 and wont sell and has had about 2 pathetic offers? |
| i have dropped the price from 450 000 to 399 000 and changed real estate agent once alredy ,the agent im with now seems pretty good though they do what everi want them too and are advertising the ... |
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 Then tenant signed a lease to rent our home on 1/13/07. When we cashed the depoist check? |
it BOUNCED. We gave him the keys already on the 13th since the home is in TN and we live in VA. We've given him over a week to get us a new deposit check, but we haven't gotten it.
Is ... |
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 I want to pay off my mortgage, do I need to get a lawyer or should I get in touch with the bank directly? |
| I've decided to pay off my mortgage from money that I've inherited instead of investing in something else as it's more beneficial for me to pay it off and live comfortably off my ... |
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 I want to buy a house or a condo, how much of my monthly imcome should it be? |
If my monthly income is 10,000 what percent of that should be dedicated to a house? Is there a specific percentage?
Additional Details
Is the 30 Percent BEFORE or AFTER taxes?... |
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 Landlord notified me of a mandatory inspection 4 days in advance. Am I legally obligated to let them enter? |
| I live in an apartment in Oklahoma City, OK. They set the date of the inspection, and it is while I am at work. Do I have the right to refuse the inspection or at least set my own date for when I ... |
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 When getting a first place, is it better to rent an apartment or buy a starter house? |
| I have heard arguments for both sides and wondering what people think. Renting is usually just throwing money away in a sense and with a house can actually build credit.... |
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| It's that time of year (lease renewal) and I have an uneasy feeling. I don't want my landlord to pull any funny business because I'm pregnant. He already informed us that the rent will ... |
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 If someone owns a piece of land, do they own it all the way to the center of the earth? |
| THis sounds like a 'duh' question but really, there are archeologists and stuff and are they allowed to dig under your land?... |
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| bring people to show them round my flat as my tenancy runs out next month. i was not able to view the flat untill it was vacated i have read my contract and it says nothing about this. can he do this.... |
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 Is older house dangerous to live in due to asbestos paint & stuff like that? |
| I heard that you can get a cancer. Is it really dangerous? Besides the paint, anything else that might cause health problem in older houses? I am talking about houses built in 1950s & 1960s. H... |
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 @@@@is it true interest rates are coming down to avoid a housing crash@@@@@? |
| is the housing market in london oing to crash im thinking of selling up in ... |
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 We made an offer on a house and now they want another offer?...? |
| we made an offer on a house & from our understanding we had the highest offer but now they want us to give them a "highest and best" offer. the realtor told my boyfriend that they were ... |
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 My rights as a tenant? |
| Just had a call from our estate agent saying that our landlord is thinking of selling our rented property. Our contract runs out this summer and although the landlord is fully aware of that she might ... |
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jm52525 | Is there going to be a house price crash in england? what do you think? |
COULD we really see a crash in prices, or is it just likely to level out? I dont understand how a crash could happen given the level of demand for homes? am i wrong? i hope so! |
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Tara
 |
I can't see there being a crash like the 90s in the major cities as there are so many people who haven't been able to get on the ladder that when prices drop they will seize the opportunity. This will bouy the prices up again. Prices are already dropping other places though. Take a look at www.propertysnake.co.uk, a database of reduced house prices across the UK. It's updated daily, and currently contains 121,398 reduced prices....
Good luck! |
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Princess no it all
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there is one happening ij ireland at the moment, it is good for people who did not buy a house yet. but bad news for home owners. |
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Butternut27
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yes definately prices are going down...go to propertysnake.com and see how prices are falling...i used to be offered about 100 properties in Greater London a week to buy....these would be probate,repossessions...in this week, I have been offered 722 properties in Greater London...and many are buy to lets from landlords as the rents are not paying the mortgages and they can not get good mortgage products as banks not passing on the drop in interest rates..so with all this avaliable and banks asking for 20-25% deposits...demand is falling....demand was high bcoz of easy credit...not like that anymore....also no more self certifying to get mortgages like b4 when pple were just lying to get bigger houses..its not looking good..I wish I was wrong but I can see it coming....pple can't see it now bcoz employment is strong..but this is going to change..there are ggoing to be job losses this year and next year due to the economic downturn....the Govt targets to build houses are a joke....where are they going to get the labour..we don't have enough tradesmen to build for the Olympics as it is..another problem is we have higher credit card debt than anyone else...less savings than anyone else....so we have so many things stacked against us....many people are in denial...but it is coming... |
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Ed
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There is high demand but you have to consider the level of earnings. Prices can only go so high. Wages are not keeping pace with house prices, and now it is getting harder to borrow big mortgages.
A price slump is great news for anyone who wants to buy. It is not necessarily bad news for home owners. If a home owner wants to sell, and bought a long time ago, they are still looking at a big profit. If a home owner recently bought, then this is called negative equity - again this is not a problem for those who do not intend to move, only for those who recently bought and wish to sell (at a loss)
UK house prices are far too high and need to come down. The only other alternatives which could make them affordable are too painful economically (high wage inflation, high inflation)
Buying a house should not be seen as a way to get rich quick, but a long term investment and a RISK. Most of all, a house is for living in. Buying multiple homes and renting them out seriously inflates the price for all of us. |
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Eddy T
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You are right house prices is levelling out now as demand for them remain strong. Land for housing are in limited supply and demand for them are increasing in England. It is a country known for its peace, glory and prosperity.
If I am not mistaken the British government has budgeted more money to be spend on infrastructures for building, housings and projects for communications. |
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charterman
 |
It is already happening. House prices are falling because banks won't lend to risky customers. Too many properties on the market with everybody trying to sell before they fall further, and buyers not buying because they are waiting because the price they pay today could be cheaper tomorrow.
There will be no big bang of a crash, just a continuous fall over the next 2 years at least. |
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gordonmother
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The prices will come done, as more and more people will not be in a position to offer the asking price. The housing market has already slowing down, but a crash , I doubt it, unless other factors ,like US market crashes ,and this will have a devastating effect on everyone. |
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boogaboogabooga
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they said on the news last week that here, NI, houses had fallen on average 20K - I think they'll not go down much further and just level off now. It's the variable mortgages that I think will really bite everyone UK-wise in the bum this year :/ |
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Luli
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Yeh, i think its going to crash.
You are right, there is a lot of people that want homes, but they want *cheap* first time homes so that means that all we are left with is expensive homes...
So what is going to happen is that people are going to get so tired of not being able to sell their expensive house that they will start to drop the prices and that will have a knock on effect.
Also, where i live, there was a lot of demand for house so they have just put up three!!! appartment blocks within 2 years... that is just going to saturate the market.
They are doing the same all over the country. |
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Luke C
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Although we may see sharp drops in certain areas, I agree with you that there isn't likely to be a nationwide 'crash' in house prices for the forseeable future. As you say, there is easily enough demand to satisfy the supply.
Indeed, in many areas they will continue to rise for some time, although on the whole, they are starting to level out.
(Certainly can't make the easy money that you used to be able to anymore!!) |
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floppity
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What goes up must come down! Right now, people are either upgrading their own houses rather than buying (partly because of the Home Information Packs so wisely bought in by labour) or they are buying abroad to get better deals, also with the first time buyers unable to go anywhere near the housing ladder, people simply aren't buying here. So a crash has to happen within the next few years.
(May I add, that as a first time buyer I've got my pocket money ready and waiting!) |
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