 Is this house gorgeous? |
| what do you think about this house(http://122kilkea.com). Is it gorgeous? Is it worth it? Would you consider it a large house, mansion, or mini-mansion? I think stylist to the stars Monique Rychtr ... |
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 Have Brits got no sense of humour!? |
Look their in such financial s**t all that is left to do is laugh!!!
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T5 went well this ... |
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 Can anyone help save my home? |
| I have been living in my rented home for 5 years and my land lady now wants to sell.She has offered it to me and the other tenant for £40,000 under market value (and this is a realistic market value ... |
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 Is a landlord or tenant responsible for funding replacement of contents damaged by the ceiling collapsing? |
| We are in rented accommodation and our ceiling just fell down in the lounge causing damage to some of our possessions, such as our TV, PS3, rug, couch covers, throw and pillows. We have provided a ... |
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 A tenent doesnt want to move from my property, after the end of the lease.? |
This is the 3rd time im asking this question, Im not asking about court removal, can you please answer the last question in my post.
As i said in an earlier question I live in PA and Im a ... |
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 How much per year do you pay for property taxes on your house? |
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Just curious..Me and my wife have a house in Mexico and pay about 330 Mexican pesos a YEAR which is about $31.00 US dollars ! The house is appraised at $110K...... |
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 Can you buy a house when you don't have any money for a downpayment? |
| My husband wants to buy a house. He's been approved for a 700,000 loan. But he doesn't have any money for a downpayment. He keeps saying that first time home buyers can get a lot of help.... |
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 How to divide rent between 4 people in a 3 bed home when 2 of the tennants are a couple? |
| The monthly amount is currently 1300 euro 1 tennant pays 350 euro 2 tennants in larger rooms pay 475 euro each. What is a fair amount for the 4th person to pay as this tennant would be sharing with 1 ... |
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 Can I change the locks when renting a home. My landlord is making threats!? |
| I feel like I must change the locks in order for my stuff to be safe. I know that they have already been in my home and searched thru my things when I wasn't home. Also their brother in law is ... |
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 Does my landlord have to provide me with smoke alarms? |
| I live in a one bed flat on the first floor with only one excape route. The flat is not purpose built. We live in the county of Oxfordshire.... |
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 Deny rent because heater in bathroom is broken? |
| Can the tenants stop paying rent because the heater in the bathroom doesn't work?... |
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 Should i pay my rent up for 6 months is that a good thing to do ? |
should i pay my rent up for 6 months ? people tell me no i should only pay for 3 months.. if something happens can the landlord keep the money
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i wanted to be ahead on ... |
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 Can landlord prove that damage was not there when I moved in even if they don't have before pics? |
| My landlord is suing for damages that she claims we caused. The dishwasher leaked through the floor. It was leaking when we moved in. We only used it 4 or 5 times. There is no way we could have ... |
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 Should I plunk down $400,000 on a CONDO that has not been built yet ?? |
WOW, the CONDO market in Toronto Canada is HOT, HOT, HOT !!
I've seen over 200 people waiting in line for the lucky opportunity to be one of the few people to put down $400,000 or more on a ... |
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 I want a house!!! Any advice? |
| Me and my husband want a house so bad but we are in a finacial struggle right now and have dwindled our savings. We have a child so we are really working with one income. I only work partime. Any ... |
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| In your opinion, are double-wide mobile homes as good as, better than or worse than houses? |
| I am thinking of trying to purchase a home. I have saw some very beautiful double wide trailors. I used to hate trailors, but that's before they came out with the ones that look like real houses.... |
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NOOO!!! | Why is the fall of house prices in the UK reported to be a gloom? |
It should be a celebration!
Why can't houses be seen as homes again instead of unjust get rich quick investments?
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This "got to rip you off" mentality in Britain should be made illegal. Houses are for shelter but programmes on TV treat homes as nothing more than showrooms for profit.
I know people may have negative equity but we can't continue to rip off others because of what wanton greed caused in the first place. Justice needs to be readdressed and homes are sensible for everyone. |
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a coffee free bag of revels
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It's only seen as gloomy by greedy home owners who are obsessed with money and supposed values of their property. It's all a big con by banks for goodness sake, the sooner people see this the better for all of us. |
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alexhmac
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I agree! The same thing is happening here in New Zealand. Finally property prices are coming down and its being reported in the media as a bad thing. The more it comes down the better and maybe normal families can afford a house again and not just investors trying to make a quick buck. |
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OwenGlendwr
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Absolutely !! While the "property speculators" were lining their own pockets, folk in the wider economy were priced out of having a proper home. Now the chickens are coming home to roost - and I for one won't be shedding any crocodile tears. |
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eddysfatnephew
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You're so right!!
Lower house prices mean we can afford something better, so we should be celebrating.
Some people have been deluding themselves that they are rich because they have an expensive house, forgetting that they are only rich when they sell the house, gaining lots of money, but losing their home. These people are now sad, because they are also now kidding themselves that they are poorer.
I confess to being a little gloomy about the possibility of negative equity at some stage if the recession really bites.
But you are right, we should be celebrating the end of this ridiculous, unsustainable spiral, and the possibility that our kids might be able to afford a home after all! |
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Curious Steve
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It is for some people. I think the reason it is seen as a bad thing is, that people like banks and developers will now loose money.
but houses are homes and should nto be used as some sort of currency.
I just bought a house in september last year, I am probably going to suffer negative equity. but my house is my HOME. I can afford the mortgage, because I planned for the worst and I dont care if it is worth less now. It is my HOME, |
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roshariouk
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Lets also not forget this may see an end to really lazy estate agents who just sat back and let properties sell themselves; greedy landowners who overinflated land prices having the knock on effect of making houses more expensive; and really badly built housing that people had to buy because it was relatively cheap.
Unfortunately, it could also mean a lot of decent people out of a job as developers and builders stop building and their contractors have no work - so it's not all good news!! |
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sana321
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i agree! i'm deffo celebrating..i've been waiting about 6years for something like this to happen...but bear in mind with the interest rates, its slighty harder and more pricier to get a mortgage... and as for get rich quick schemes, you've hit the nail on the head. im so fed up of hearing how some people have 10,20,30 properties on their portfolio..taking all the good ones in terms of price and quality... thnks to their estate agent 'contacts..'... |
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spook542
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I one way I agree with you.
One of the big problems with house prices in the past 10 years or so is that houses have come to be seen as "investments" rather than homes. A sense promoted by the plethora of ghastly TV shows about buying and selling.
It is good news if you're a first time buyer trying to get on the property ladder. It is extremely gloomy if you have recently purchased having pushed yourself to the limit to do it as it was the only way you could afford to.
Overall I think it is generally a good thing as it should make houses more affordable for first time buyers and the first time buyer market is waht the whole housing market is based on. If there are no first timers people can't sell their current place to buy their second and so on. |
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Jace
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Gloom for the industrys that rely on housing growth (mostly trades people, real estate, banks etc.).
We all need to live in our own house, eventually.
My view is for first home buyers, that if the cost of land relies so much on speculation/supply and wage growth, then really, how much money we all earn is meaningless as the same ratio (or ridiculous ratio as we have seen) of our savings gets thrown away into the cost of land, the price of an invisible yet flat object which technically isn't owned by anyone.
PS. SCREW HOUSE PRICES |
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hopflower
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I know what you mean. I did not think it would get that way in the U.K. You are going the way of America, and that is a mistake. Good luck. It has been that way in America for years. You are losing freedoms there, as we are here. One of those freedoms is the right to own a home that one can afford. Soon, only the rich can own one. |
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Butternut27
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because of human GREED and companies like Inside track Rich Dad, WIN investing, Witney etc have held seminars which people paid thousands to attend and be told that property was the way to your dreams and pple have believed that and many have been burnt...
The bonus is that...all those lying, cheating turds otherwise known as estate agents who did jack **** in the boom times as property sold itself... their little mini's and thight stripped suits will be out of jobs....happy days... |
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brainlady
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Negative equity could occur. All people, even those that just wanted homes for themselves or their family- have paid well over the odds for their property and have high mortgages in relation to wages/income. This means that with the credit crunch- having less credit to spend on food/clothing/luxuries etc and some fix rate mortgages coming to an end or second mortgages having been taken up- their mortgages could be higher than the value of their homes. This could also lead to repossessions and homelessness.
The change this time will be that many first time buyers will not be given mortgages(unless they have a good deposit of 20% say) and may not be able to buy homes, even if prices fall substantially. This will have the knock on effect of making prices cheaper. However, with the sheer demand for housing in the uk- prices will stay relatively high I believe- but the money to purchase them will be harder to obtain. This will benefit unscrupilous landlords, rich- tax free off shore investors and wealthy foreigners to buy the land and property in the uk. |
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helenmarson
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It is gloomy because people who bought houses before the prices fell will now not be able to afford to keep up mortgage payments, and may lose their homes. Also, some people's houses are now worth less that what they paid for them, so when they sell, they will get less money back than they paid in.
The idea of just seeing houses as homes is idealistic - I'm guessing you're not a homeowner? Most people do not buy houses as a way to get rich, but to live in as their homes, and they will be the ones who lose out. |
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london*winter*dreamer
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because they aren't made of gingerbread!! that's why!!! Or is it...? But you can go ahead and party if you feel the need. |
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La La Trixiebelle
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Its gloomy if you brought at the top of the market,and now you may be paying over the odds.These folk need to sit tight and ride out the market.In the long term it will work itself right.
As for the Investors,many will be celebrating.....as they buy up property at knock down prices,knowing that prices will eventually go up again.
. |
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Happy Murcia
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If you ever find yourself in negative equity or unable to sell your house,get a mortgage or homeless you may take a differing opinion,,I recall very well the 15% mortgage rates of the late 80s and early 90s and saw gloom everywhere,,
But I do agree homes are now nothing more than investments for the get rich quick brigade,,they have in part caused it,, |
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