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9th July 2020, 20:06 | #21 | |
Gets stuck in
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Last edited by edwardmk; 9th July 2020 at 20:15.. |
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9th July 2020, 21:04 | #22 |
This is my second home
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This thread has turned sour?
macafee2 |
9th July 2020, 22:34 | #23 |
Gets stuck in
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[QUOTE=macafee2;2823968]This thread has turned sour?
Thats because people are obsessed with asset value .A classic case of "IM ALRIGHT JACK" |
10th July 2020, 06:26 | #24 | |
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10th July 2020, 08:20 | #25 | |
This is my second home
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There is one difference it makes, whether you can afford to sell or not. Near to the beginning of a mortgage term negative equity often means that selling the house will leave a shortfall in paying off the mortgage, a shortfall that often can't be met. Leaving the 'owner' unable to move until the equity balance is restored. Either by prices going back up or by paying off a larger percentage of the mortgage. (Of course there's always the option of leaving the market and renting, or becoming homeless).
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Need a T4 ?: T4 Owners Map thanks to Stevestrat ( use at your own risk) Where?: https://en.wikipedia.org/wiki/Tanelorn Mods/Retrofits: PCV vortex 'filter'; bluetooth; inline thermostat; reversing sensors; plenum spyhole ; headlamp washers ; Diy mp3 player replacing CD multichanger; FBH with remote; Headlamp washers; black/chrome front grille, rear blind; Xenon projectors To do: puddle lights; 2 Din cd/nav to fit; boot release button |
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10th July 2020, 09:18 | #26 | |
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Property prices are artificially inflated above the norm by greedy speculators, often overseas absentees, private landlords, and greedy estate agents. This is coupled with the scandalous "right to buy" meaning social housing stocks are dwindling to a point where people not in a position to buy their own home for whatever reason, are forced down the road of private rental property. My house if marketed today would in all likelihood sell at around 200k, four times what I paid for it 25 years ago, and 3000% more than the house cost new 48 years ago. £6500 in real life inflation terms from 1972 as opposed to 2020 is £86000, so why the disparity? When asked by people what is your house worth? I always answer as to the price I paid, simply put I couldn't care less how much the house is worth, it is my family home and not an investment vehicle. Brian |
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11th July 2020, 09:29 | #27 |
This is my second home
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As I said earlier - the Great God Greed rules. |
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