BANGKOK RED
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« Reply #15 on: Tuesday, January 22, 2008, 09:55:29 » |
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That's pretty much spot on, but I suspect it's a cut 'n paste job :shock: :shock: :shock: I have reason to know these things I'll have you know![/quote]
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Batch
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« Reply #16 on: Tuesday, January 22, 2008, 10:20:45 » |
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Exactly NR will not go bust, and therefore the debt won't be written off. Even if they did, the mortgages would be sold off to another lender.
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janaage
People's Front of Alba
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« Reply #17 on: Tuesday, January 22, 2008, 10:22:16 » |
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I know, it really does not affect the people with the mortgages. Which is what annoys me when the clueless estate agents try to be cocky by making the "it's gonna cost ya" face.
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« Reply #18 on: Tuesday, January 22, 2008, 10:31:19 » |
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It doesn't affect anyone. The Government have decided to prop it up with our money. They are guaranteeing 100% payback of savings even if it did go tits up. Estate agents are wankers? Who'd have though 
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janaage
People's Front of Alba
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« Reply #19 on: Tuesday, January 22, 2008, 11:03:46 » |
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It doesn't affect anyone. The Government have decided to prop it up with our money. They are guaranteeing 100% payback of savings even if it did go tits up. Estate agents are wankers? Who'd have though  it could affect savers Batch as NR's savings rate could be cut to save money, althoguh they do have to keep them competitive.
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pauld
Aaron Aardvark
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Absolute Calamity!
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« Reply #20 on: Tuesday, January 22, 2008, 11:24:28 » |
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All this doom and gloom on the news this morning, markets down 5.6% yesterday, expecting even more today, we're going into a reccession, it's all America's fault and the world is going to end.
And within an hour of trading this morning shares are back up 2.4%.
Fucking media scaremongerers. A big part of it though is also the sheep mentality prevalent in the City. All this BS about the "Big balls" the traders have and that's why they pull off the big money deals so that's why they get the 6-figure bonuses. Then a few of them get the jitters and within half an hour they're all heading for the sell button, like a stampede of frightened little girls. Pussies.
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yeo
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« Reply #21 on: Tuesday, January 22, 2008, 11:30:06 » |
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I cant see how its the medias fault,what do the media have to gain by reporting whats happening negativly?They report what the experts are saying simple as that.
It always balances out in the long term anyway
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axs
naaarrrrrppppp
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« Reply #22 on: Tuesday, January 22, 2008, 11:38:41 » |
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same as with house prices - they get a sniff of things not being perfect and then create a story which depicts the worse possible case scenario.
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genf_stfc
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« Reply #23 on: Tuesday, January 22, 2008, 12:22:08 » |
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i saw a good piece in a magazine recently where someone had written in to explain how newspapers always plot a graph showing the change in house price rather than actual house price - so if last month house prices increased 2% and this month they only increased 1% you still get a nice graph with an impressively scarey downward slope on it, even though it would still cost you loads more to buy the house each month.
The most accurate piece of reporting I've seen so far - The publication I saw this in ? This month's Viz, in Top Tips...
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janaage
People's Front of Alba
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« Reply #24 on: Thursday, January 24, 2008, 09:05:52 » |
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Anyone see the Intel chairman (Garrett) on BBC Breaksfast news talking to Declan
"I hope the media don't talk us into a recession, as it always makes a good story...."
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juddie
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« Reply #25 on: Thursday, January 24, 2008, 10:16:05 » |
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so I'm, looking to move house at the moment, but the wife thinks it's not a good time. I said that while the prices may have levelled out, that doesn't just mean that we might not get as much we want for our gaff, but that houses we're looking at moving into are also levelling, so it's all relative. In truth I don't really know what I'm talking about, but do people what know what they're talking about think it's a good time to be moving?
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janaage
People's Front of Alba
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« Reply #26 on: Thursday, January 24, 2008, 10:21:43 » |
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I'm looking to move now Juddie. As you say the prices may be levelling but that applies tomost if not all properties.
If you were moving abroad it may be an issue, but if you moving around the same area it's not reallly much of a concern. I may not get my asking price, all that means is the offer I make on my next house will be relatively reduced.
Only my opinion, but makes sense in my head.
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juddie
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« Reply #27 on: Thursday, January 24, 2008, 10:26:15 » |
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that's precisely how I think about it. I was listening to summat on 5Live saying that if you're looking to sell and buy to move into, the market doesn't really affect you. If you're buying as an investment then don't bother.
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Sussex
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« Reply #28 on: Thursday, January 24, 2008, 10:33:43 » |
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We've just bought a place. The way I see it is a mortgage is over such a long period of time, there will be a few blips over that time but you have to pick the right time to move.
My housemate and I moved in to a two bed place nine months ago which is now worth 25k more than he bought it for. Three beds in the area have come down from 275k to 245k (ish), so when I move out he can now buy a three bed place. Just need to keep an eye on the market.
Macca would know best about all this.
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janaage
People's Front of Alba
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« Reply #29 on: Thursday, January 24, 2008, 10:42:16 » |
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that's precisely how I think about it. I was listening to summat on 5Live saying that if you're looking to sell and buy to move into, the market doesn't really affect you. If you're buying as an investment then don't bother. Or if you're moving abroad. You might want to wait for the next surge in the property market, but that'd be a gamble.
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