House prices have fallen at the fastest rate in 12 years. Is the great housing boom finally over? And are you worried?
YES IM ConCERNED AS MY PROPERTY HAS LOST £17,000 IN 2 YEARS AND HAS BEEN on THE MARKET 7 MonTHS WITHOUT A SINGLE VIEWING ! THE PROBLEM STARTS AND ENDS WITH THE LENDERS, THEY WERE GIVEING 100% MORTGAGES TO BUYERS AND A LARGE PROPORTIon COULDNT AFFORD THE REPAYMENTS, BUT THEY LENT THE CASH REGARDLESS. AS THEY ARE ALWAYS THE WINNERS, THEY JUST REPOSESS THE PROPERTY AND SELL IT on. NOW BUYERS MUST HAVE 10% DEPOSIT IF THEY WANT A MORTGAGE, WHAT THIS MEANS IS MOST PEOPLE WonT BE ABLE TO BUY THEIR OWN HOME DESPITE THE PROPERTY BEING CHEAPER. SO YES WE SHOULD ALL BE ConCERNED AS A HOUSEING MARKET CRASH AFFECTS EVERYTHING, ALREADY THE BUILDING INDUSTRY HAS SHED THOUSANDS OF JOBS, THOSE BUILDERS AND LABOURERS ALL HAVE HOMES TO PAY MORTGAGES on AND THEY WILL BE REPOSESSED IF THEY CANT KEEP UP THE MORTGAGE PAYMENTS. ITS BAD NEWS NOT GOOD NEWS FOR BUYERS, DESPITE WHATS BEING SAID HERE A BOUYANT HOUSEING MARKET IS ESSENTIAL TO OUR EConOMY, YES HOMES PRICED REALISTICALY IS CORRECT BUT "NOonES BUYING" THANKS TO THE BANKS ! NOT THE GOVEARNMENT - THE BANKS !!!
Tried to sell our fully paid for house after working 44 years and paying 15 % interest rates for some of the time.Following all these years of hard work we would like to retire to somewhere a little quieter,but can we no because Mr and Mrs Greedy want 2 cars on there drive a new bathroom and kitchen but will they save and wait no they must have it now. Mr and Mrs Greedy are probabley blaming the banks the goverment anybody but themselves.Well Mr and Mrs Greedy you borrowed all this money now live on egg and chips for a while but most of all learn a lesson from your parents dont borrow more than you can pay back.
Not worried. Property is a long term game. The last downturn lasted a total of 11 years until prices finally recovered to their previous peak. Trouble is too many people nowadays think that buying property is about making a lot of money quickly. Property is the best investment you can make, but you have to look in terms of 10-15 years.
Yes of course I`m worried, I have to work over 48 hours a week now for £6:75 per hour which is half of what I was earning 4 years ago and then I was garrenteed 38 hours a week For £14:00 per hour, so your question about am I worried is a little bit stupid. I am very concerned that I can not afford to finish my mortgage, to heat my house, to EAT in my house, To afford fuel to get to and from work, and WHY, Because of the greed of the government, the power supplyers, the petrol industry, they keep putting all these costs up, do we have a payrise in view, I dont think so, I had one 2 years ago 25 p per hour. And to top it all the sia have increased the cost of a permit to work(licence) So now we have to pay them £240:00 for the privilidge of working, isn`t it scandolous that they have the power to charge us so that we can pay our taxes all with the blessing of the government, The sia was set up to regulate the security industry, but lo, it hasn`t because we still get illigals working, and would you believe in the government and best of all in airports,. Whats the point noone hears us,
OOOOOOOO yes
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