Is the Boom about to Bust?

Go to: Forums > Work & Money: Investment Property

There are 94 postings to this topic on our Member website and this page runs 7 days behind our Member website. For the full topic click to sign up to OUTeverywhere.

Topic started by Purveyor Of Party Rings (paul_alexander)

It lies not in our power to love or hate, For will in us is over-rul'd by fate. When two are stript long ere the course begin, We wish that one should lose, the other win; The reason no man knows; let it suffice, What we behold is censur'd by our eyes. Where both deliberate, the love is slight: Who ever lov'd, that lov'd not at first sight.

A topic from Work & Money: Investment Property

paul_alexanderMon 14/05/07 20:42

In the past few weeks I have become unhealthily interested in current house prices and the fact that we seem to be at the apogee of a huge house price bubble.

Reading this rather over long article seems to encapsulate many of the problems.

http://observer.guardian.co.uk/review/story/0,,2078270,00.html

Anyway I have been here before in the 1990's and lost money in the last crash and I am hearing all of the same things as before 18 years ago.

Such as

"House prices only ever go up"

Sealed bids for properties.

Mass veiwings

"It is different this time"

But this time the market has been skewed by the massive increase in the Buy to let market which doubled in the past 18 months alone ( It did not really exist before 1999) with investors scared of missing the escallator. 70% of property sold in London in the past 12 months was sold to the Buy to Let Market - pricing out the First Time Buyers. Infact rents have not gone up for 3 to 4 years and there are now many nicer properties now avaliable for rent. Infact many BTLers are not covering their costs as they fail to account for maintenence and voids in lettings.

Many of the Buy to Let-ers are gearing themselves on 100% interest only mortages with as little down as 5 or 10%, and then not renting the property out because it is to much hassle but hoping the property will continue to appreciate. Some are withdrawing equity on existing property to invest in new property.

With perhaps another two interest rate rises due in the next two months - some of the people are going to squeak.

I see trouble ahead.

setherMon 14/05/07 20:47

It's a minefield huh? I hear all the time that the bubble is about to burst, have been hearing it since I came to the UK 4 1/2 years agao.

But now the banks seem to be limiting the fixed interest rate deals which has spooked me more than anything else.

I am thinking of buying an investment property in the not to distant future but maybe I shouldn't!

There are 92 more postings on this topic on our Member website. For the full topic click to sign up to OUTeverywhere right now.

Enjoy chatting with our members

Imagine joining a social network of people from all around the country and see how you'll feel a year from today. You're increasing your circle of friends. You're doing more of the stuff you enjoy. You're having a great time meeting new people in your area. You're seeing all the benefits of becoming a member of OUTeverywhere. It still feels great making new friends and every day you're hearing more and more about the stuff that everyone's doing. You're joining in. Now, that was easy, wasn't it?

We make meeting people easy. Click to sign up to OUTeverywhere and get up and do something different!

PLEASE NOTE: Events are listed on this website on behalf of organisers in accordance with the Terms of Membership of OUTeverywhere and only if they have chosen broad publicity when adding their event to the Member Events calendar. As such, events are not necessarily affiliated to or endorsed by OUTeverywhere and may not be organised by the person who has listed the event: the person listing this event may simply be attending an event organised by another person or organisation and may wish to meet other people sharing their interest in the event. The mention or appearance of any person or organisation featured on these pages is not to be taken as any indication of sexual, social or political orientation of such persons or organisations. We cannot guarantee that the information is accurate and recommend that you always seek to contact the organiser directly to confirm full details of any event. Under no circumstances will we be responsible for any loss or damage resulting from reliance on, use or misuse of, the information on this website.

Our Vision | Our Team | Privacy Policy | Identity Theft Protection | Terms of Membership

Chat and Meet People

Enter one or two words to tell us something you enjoy:

Or enter a postcode or the name of a place:

Latest Shout OUT

Broadcast to the gay world with our public Shout OUTs service! Post on our member website or from your mobile phone and raise your profile.

Philbury: Back In Northwich!!! (philbury) from Holmes Chapel in Cheshire in United Kingdom shouts OUT: "I can't think of what to write here today!"

Events Calendar

< July 2008 >
S	M	T	W	T	F	S
		1	2	3	4	5
6	7	8	9	10	11	12
13	14	15	16	17	18	19
20	21	22	23	24	25	26
27	28	29	30	31

This Topic's Tags

Members tag topics with key words to help us find similar topics.

Discover GMEET

Add all your web profiles to the new GMEET.com website profiles directory service. Supports Facebook, YouTube, MySpace, Bebo, LinkedIn and dozens more. For social and business networking, web personals and online dating.