Bring on the repossessions

Discussion in 'UK Motorcycles' started by ogden, Jan 11, 2007.

  1. ogden

    CT Guest

    But, but, but...

    ....Ginge is heading this way!
     
    CT, Jan 12, 2007
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  2. ogden

    Cab Guest

    IIRC, 7.62mm was 7p.
     
    Cab, Jan 12, 2007
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  3. ogden

    ogden Guest

    Until we're walking off the southern side of the Isle of Wight, there's
    plenty of room to retreat without going North!
     
    ogden, Jan 12, 2007
  4. ogden

    CT Guest

    Good point, actually.
     
    CT, Jan 12, 2007
  5. Yes sir,

    --
     
    Steve Robinson, Jan 12, 2007
  6. ogden

    Beav Guest

    Shows how up to date I am when it comes to mortgages:) I think it was about
    2.5 times when I took my first one out 30 years ago.


    --
    Beav

    VN 750
    Zed 1000
    OMF# 19
     
    Beav, Jan 12, 2007
  7. ogden

    Beav Guest

    "eric the brave" <""simonb_at_zapik_dot_co_dot_uk\"@foo.com (eric the
    brave)"> wrote in message
    When were they ever that?


    --
    Beav

    VN 750
    Zed 1000
    OMF# 19
     
    Beav, Jan 12, 2007
  8. ogden

    Beav Guest

    Okay - fair enough.

    Being slightly tangential, but when did the idea that we all had a
    right to buy our own house come into being?

    Thatcher told us, which pised off my old man.

    Did people in previous generations all own their houses?

    My old man was totally opposed to house ownership. Well that was until me
    and my brother and sister bought him one. He didn't seem to object too
    strongly about living rent and mortgage free for 20 odd years. Mind you, he
    was a bit of a hypocrite.



    Not saying it's fair or unfair - just interested in whether the
    attitude has changed as well as the price

    Attitudes have definitely changed.


    --
    Beav

    VN 750
    Zed 1000
    OMF# 19
     
    Beav, Jan 12, 2007
  9. And ALMOs, don't forget.

    Ali
     
    Alison Hopkins, Jan 12, 2007
  10. Rilly? Out of all my Merkin chums, only about twenty percent are buying
    their own gaffs. On the West Coast it seemed to be mostly rental.

    Ali
     
    Alison Hopkins, Jan 12, 2007
  11. ogden

    wessie Guest

    I disagree. In the medium term the baby boomer generation will reach
    retirement age. Many of those people with buy to let properties will
    want to release the equity to fund their social and health care at a
    satisfactory level. The State will means test everything and the State
    funded care provision will be minimalistic.
    In the medium term the tax take will not be enough to fund the
    social/health care needs of the baby boomer generation. The
    birth/immigration rate since the mid 1970s has not been high enough to
    produce enough economically active people to replace the baby boomers as
    they retire.
    It is likely that there will be a huge balance of payments deficit due
    to the imbalance between the economically active/inactive cohorts. Some
    of that imbalance will be addressed by people releasing equity from
    their properties. However, as the pool of economically active people
    reduces demand for property will decrease. Even without interest rate
    rises there is going to be a massive property crash in the medium term.
     
    wessie, Jan 12, 2007
  12. Jesus. That's ten times what I owe.
     
    The Older Gentleman, Jan 12, 2007
  13. You should be able to find a portfolio of investments that can give you
    a decent return on that sort of cash but balanced against your tolerance
    of risk / potential for loss of some capital / returns.
     
    Paul Corfield, Jan 12, 2007
  14. ogden

    Dan L Guest

    The Older Gentleman coughed up:
    I have a few years left, then the trauma of sorting out my endowment
    mortgage shortfall.

    Happy days


    --
    Dan L

    http://thebikeshed.spaces.live.com/
    1996 Kawasaki ZR1100 Zephyr

    BOTAFOT #140 (KotL 2005/6)
    X-FOT#000
    DIAABTCOD #26
    BOMB#18 (slow)
    OMF#11
     
    Dan L, Jan 12, 2007
  15. ogden

    Lozzo Guest

    The Older Gentleman says...
    I owe £167 on mine and I think that's too much some days.
     
    Lozzo, Jan 12, 2007
  16. ogden

    Timo Geusch Guest

    Well, it seems that the multiplier used by the banks is pretty much the
    only thing that's keeping up with house price inflation.

    Funny that.

    But what do I know, given that I've got a 1.5x income mortgage.
     
    Timo Geusch, Jan 12, 2007
  17. ogden

    Timo Geusch Guest

    Yebbut, the West Coast is *seriously* expensive if you're talking Cali.
    A lot of the people I know over there either want to or have bought
    their own roof over their heads.

    Heck, even Ann's Army brother[1] bought a farm in Kansas.

    [1] As opposed to the more sensible one who isn't in the Army.
     
    Timo Geusch, Jan 12, 2007
  18. ogden

    Timo Geusch Guest

    They probably *have* pensions that do, as opposed to the piss-poor
    state pension over here.

    Mind you, the way the supposedly superior German system is going for
    people my age is that we get to pay twice. But then again, I haven't
    given them money for the past nine years.
     
    Timo Geusch, Jan 12, 2007
  19. ogden

    Dan L Guest

    Beav coughed up:
    **** me, was that in the 19th century then, you're fucking ancient, man.<snip>



    --
    Dan L

    http://thebikeshed.spaces.live.com/
    1996 Kawasaki ZR1100 Zephyr

    BOTAFOT #140 (KotL 2005/6)
    X-FOT#000
    DIAABTCOD #26
    BOMB#18 (slow)
    OMF#11
     
    Dan L, Jan 12, 2007
  20. ogden

    Ben Guest

    A search on Rightmove for Blackwood + 10 miles around with a max of
    50k returns loads of housing, starting around 30k.

    Someone on minimum wage in full-time employment (10k per annum) could
    get a 30k mortgage.
     
    Ben, Jan 12, 2007
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