eeeeeehhhhhhhhhh you can't say that 
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Damocles said:
Why do I feel that everybody wants to make this a different economical principle than all other things? High demand with low 'stock' = high prices: high 'stock' with low demand = low prices.
Damocles said:
Now you've lost me: do you want houseprices according to the cost of building (and why isn't a builder allowed to make a profit?) or by building more houses i.e. high 'stock' with high demand = reasonable and affordale prices (for most of us
anyway, still not for all )The bottleneck right now is the planning permission, not what the builders get. That empty piece of ground is worth lots of money. That is the bit I do not like. You can only get a market price for something if people are allowed to get on and build them.
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I imagine that the dreadful performance of pensions has a lot to do with high demand/prices. People have been looking toward investing in developing and buy to let as an alternative retirement fund.
There are so many programmes on television now encouraging people to invest in developing with quite high returns in a short amount of time.
I'm sure that because prices are now so ridiculously high that there are no margins left in developing which is bound to have a knock on effect with regards to the general slow down in property values.
But I'll leave you all with a question:
Since the economy is so strong at the moment and some companies are reporting record profits, does this mean pensions are healthier than they were? Surely with all this money (albiet credit...) surely they must have clawed some back by now???
There are so many programmes on television now encouraging people to invest in developing with quite high returns in a short amount of time.
I'm sure that because prices are now so ridiculously high that there are no margins left in developing which is bound to have a knock on effect with regards to the general slow down in property values.
But I'll leave you all with a question:
Since the economy is so strong at the moment and some companies are reporting record profits, does this mean pensions are healthier than they were? Surely with all this money (albiet credit...) surely they must have clawed some back by now???
mildmanneredjanitor said:
Do you know that from 1 April 2006 you can use your 'pension fund' to buy property? Don't know the exact ins and outs, but it seems that you (i.e. your fund) can get a mortgage for this purpose as much as half the amount that is in your fund. (Say your fund is 100.000 you can get a mortgage of 50.000) You can even 'sell' your existing property to the fund for tax-purposes, but as I said before, don't know all ins and outs.
A boom in this kind of investment is expected.
stu.cutter76 said:
But, if there is a recession, then leaders will no longer be able to offer you 4x your income, so you'll be no better off, and actually less likely to afford a house.
The only real house price drop (more than 5%) has only happened once. And prices were restored in 1-24 months..
... It's unrealistic to think it will happen again.
To all home owners, you really just need to be able to pay your mortgage for two years at 15% and you know you're covered.
Whether that means a very secure job, or a pot of boiler money somewhere is your choice.
If you have a One account, then why not get an extra 15k agreed on your mortgage, that you don't take out (and therefore don't pay for).
Sorry Freddy for not explaining things more clearly.
I'm not talking about pension companies, but your own private pension fund. Small companies (including self-employed) can create their own fund and use the above mentioned new scheme.
I'm not talking about pension companies, but your own private pension fund. Small companies (including self-employed) can create their own fund and use the above mentioned new scheme.
Like a load of loan sharks ?
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