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PostPosted: Fri Dec 14, 2012 8:18 pm 
eBay Outing Master
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Joined: Sat Nov 21, 2009 3:53 pm
Posts: 8000
This might help if you want sympathy

http://www.samaritans.org/

happy christmas :xmas-big-grin:


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PostPosted: Fri Dec 14, 2012 8:35 pm 
BANNED USER
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Joined: Fri Oct 26, 2012 5:15 pm
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Quote:
homeless

Homeless people with a WRECKING BALL driving a NAIL down the soldiers bodies.


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PostPosted: Fri Dec 14, 2012 8:47 pm 
retrobike rider
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Joined: Tue Mar 17, 2009 3:55 pm
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Location: In trubble'fsumthin r'uther....North Warwickshire
I was strangely depressed by it all really......I felt for the family with the two girls, must be an awful thing to happen at a time of life when thoughts of retirement start......I felt a bit sick when the bailiff arrived and asked 'are you ok?'.......talk about poorly timed comment!....


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PostPosted: Fri Dec 14, 2012 9:17 pm 
Retro Guru
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Joined: Fri Mar 25, 2011 7:48 pm
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Location: Glasgow
feetabix wrote:
I was strangely depressed by it all really......I felt for the family with the two girls, must be an awful thing to happen at a time of life when thoughts of retirement start......I felt a bit sick when the bailiff arrived and asked 'are you ok?'.......talk about poorly timed comment!....

I felt least for them. Taking on a £2k a month (I'm sure a 100%) mortgage because you can 'afford it' then one client stops paying and you lose your house isn't deserving of sympathy imo. That's the mark of a cretin.

Afford it my arse.


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PostPosted: Fri Dec 14, 2012 9:51 pm 
Old School Grand Master
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Joined: Wed Apr 12, 2006 12:33 pm
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Location: The Home Of Mountain Biking, And All Great Things.
I have a pal who asked my advice a three years back on buying a place. I told her she ought to wait until things settle down, but she went ahead, and did not speak to the financial advisor I set her up with.

Now she is struggling, and has had to take a couple in and work a second job. All to serve a mortgage that could have been 20% less if she had waited a while.

Have to agree a little with Techno, people buy as though it is always a secure investment, when it is actually a massive long term binding debt.


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PostPosted: Fri Dec 14, 2012 11:39 pm 
retrobike rider
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Location: In trubble'fsumthin r'uther....North Warwickshire
Yeah, I take your point.......basing a decision on one paying customer seemed daft, but no one there showed basic signs of sound financial judgement.....the mob in London angered me though, populating the country with children they can't afford to keep, but insisting on smoking next to them......that seems to dissolve my sympathy somewhat!.....


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PostPosted: Sat Dec 15, 2012 12:17 am 
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Location: Glasgow
highlandsflyer wrote:
I have a pal who asked my advice a three years back on buying a place. I told her she ought to wait until things settle down, but she went ahead, and did not speak to the financial advisor I set her up with.

Now she is struggling, and has had to take a couple in and work a second job. All to serve a mortgage that could have been 20% less if she had waited a while.

Have to agree a little with Techno, people buy as though it is always a secure investment, when it is actually a massive long term binding debt.

The problem isn't even one of prices, mortgages or markets; it's greed pure and simple. Even buying a few years ago at the peak wouldn't have been a problem if you had a decent deposit and only took say 70% of what you were offered. That would give enough slack to get away with most of any future fluctuations in house prices or interest rates.

Trouble was some spivvy wee ned in a shiny suit told them they could get £xxx and 'buy' the house of their dreams. And any sense of self-restraint went out the window.

Property is a sound investment if done properly. Even in a downturn. I know several people who have been very smart and made a lot of money. Which is indirectly coming out the pockets of the gullible and greedy masses. This time next year all going well the same plebs will be securing my future as well.


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PostPosted: Sat Dec 15, 2012 11:55 am 
Old School Grand Master

Joined: Sun Jun 27, 2010 9:37 am
Posts: 3976
pee's me off when everyone who buys property expects to make money. i bought a home not an investment. i have improved my home as a matter of pride and to make living in it more pleasurable. not to make money on it. for gods sake i wish people would just stop and enjoy what they have rather than constantly wishing for what others have. imo its why we got in this mess n the first place.



*as an aside i have been at the other end with crippling debt and what not, but was lucky enough to do something about it before it went too far. will never do credit again (except maybe another mortgage in 10/15 years time once our current home is paid for).


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PostPosted: Sat Dec 15, 2012 2:30 pm 
Retro Guru
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Joined: Fri Mar 25, 2011 7:48 pm
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Location: Glasgow
jamabikes wrote:
pee's me off when everyone who buys property expects to make money. i bought a home not an investment.


Vast numbers of people who bought in the last ten years think they've made money when actually they haven't. Daily Mail stories of rising prices makes them feel smug and better off so they spend on credit cards or remortgage for holidays etc. Problem is prices rise and fall at broadly the same rates, so if the house you're in has increased by 40% then likely so has the one you want to buy next. No cash gain there. Selling to release equity is difficult and expensive as houses aren't the most liquid of assets as many find out. And then there's the effect of inflation, if you 'make' £20k over 5 years it's not really £20k any more as it has less purchasing power than 5 years previous. The only ones who ultimately benefit are the smart or those who stay in their house for decades, the rest are usually just treading water.

But as long as it's all about "house prices rise for the eight month in a row" headlines then the plebs will feel all warm inside. Leaving the gains to be made by ones who understand the game. And when it all turns to shit it's someone else's fault, and everyone else's responsibility to bail them out.

I only saw a bit of the programme but was there a woman who'd bought at £50kish whose house was now worth nearly £200k? HTF does that end up in homelessness? Some BTL or cash buyer would surely give her £150k, pay off the mortgage and have a pot to use to rent or buy a flat in any town other than London. Or did I miss something?


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