i desire a house but the prices havn't crashed enough yet 18 months more of drops will do nicely, speaking of 18 months it's that long since i bought my S for 8.5k (cheapest blue one in the autotrader) i'm glad thats all i spent, i'd have lost more than that on a new one in the time

 

Trying to sell my house as the moment as well, also considered selling the S2000 to raise funds for the deposit.

Plan B is now to rent my house out, buy now while prices are low, and sell the rental house in 5-6 years time when the market is more boyant.

I can see times are tough out there at the moment and cant believe more people are not feeling it. Both me and the wife have been very luck/worked hard and doubled our salaries in the last couple of years, without this we would have been facing very difficult times now.

 

I was about to say that it was because ATC get paid loads!

 

For what reason? Have you got a very large mortgage or other debt?

 

Interest payments aren't going up that much, food, petrol, and raw materials are sky rocketing though. So the people that are affected are very fat, drive big cars and are in the habit of buying alot of metal and wood.

 

I fixed my mortgage 5 years ago at 4.09%. It runs out nect month and I just fixed it again for 4.99 for 2 years.

 

Things have increased in price but there is no way, a person with moderate debt would be that much different in terms of lifestyle. Unless, they are debted to the hilt and living an unsustainable lifestyle out of their means.

 

Mortgage isnt that huge, depends what you call large, when we got the mortgage it was 3x my salary + 1x my wifes, with only a 6% deposit and our first house.

So when we got the house we were reasonable maxed out.

Recent lending % rate increases on mortgages, we are on the SVR mortgage with Ingdirect, still a fairly good deal though.

Petrol/diesel prices, we have to drive to work, no other choice really.

Council tax increase

gas and electric increases

food bills etc... etc....

At the time we had loan, all be it very small loan to assist in the buying of 2 second hand cars (Rover 214si

 

The economy has needed this for ages. Too much debt out there, too many people on the fringes of what is right.

The trees are being shaken and it looks like victims will be all over the show. Good bit of negative equity never hurt anyone. I had 30% of the stuff in 94 and I'm now sat on my arse chewing biscuits with robotic hoovers in my bedroom.

The bubble was bloody stupid and had to burst, thank f**k it has, if for first time buyers only.