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The "How much is this table worth" thread....
- Thread starter Paul
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D
Deleted member 2463
Wat? Inflation won’t give them a choice and in theory the new mortgage code should mean people can afford bigger payments.
Starting to see lots smaller construction companies go out of business because the cost of materials has quadrupled and that’s a bigger risk than mortgage defaults.
Neil.
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- Jul 21, 2011
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If people don't have the money they won't be able to afford bigger payments.
D
Deleted member 2463
That’s the peoples fault for being so stupid and a deluge of cheap fire sale properties on the market would be most helpful economy wise.
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Yeah there are a lot of old mortgages out there and remember what happened to people in the nineties.
People need homes and getting a council house is virtually impossible, rent prices are high and a landlord can give you notice to get out. I wouldnt call it people being stupid, it’s just the way it is.
People need homes and getting a council house is virtually impossible, rent prices are high and a landlord can give you notice to get out. I wouldnt call it people being stupid, it’s just the way it is.
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Deleted member 2463
If people are living behind their means that’s stupid. Expecting these low interest rates to be around forever is madness and the process for mortgages aims to deal with that.
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@Arv is right
The bank solvency point is a major factor here.
Might explain why government inflation figures have no correlation with the real world any more. Wood, fuel, cars, steel .... rising at 2 and a bit per cent ?????
A US hedge fund manager explained this really well. He said that prices are like temperatures. The temperature is different in Alaska v Florida v NY. Talking about average temperature makes no sense.
The bank solvency point is a major factor here.
Might explain why government inflation figures have no correlation with the real world any more. Wood, fuel, cars, steel .... rising at 2 and a bit per cent ?????
A US hedge fund manager explained this really well. He said that prices are like temperatures. The temperature is different in Alaska v Florida v NY. Talking about average temperature makes no sense.
I know but interest rates have been low a long time now, no doubt they will go up and some people will be in trouble.
It happened to me, interest rates were 13% ish. Had small kids wife working in a bank and I was working all the hours. Nearly lost the flat in London and was in debt for years but cleared it, not nice from a personal experience. People getting repossessed left, right and centre back then.
It happened to me, interest rates were 13% ish. Had small kids wife working in a bank and I was working all the hours. Nearly lost the flat in London and was in debt for years but cleared it, not nice from a personal experience. People getting repossessed left, right and centre back then.
D
Deleted member 2463
Bank solvency is not an issue at all.
They have low risk property as collateral. Before they had high risk debt that’s what caused the banking crisis (that we all paid for because idiots got over extended).
Comparing the US state by state I agree - comparing the UK like that - foolhardy.
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They have low risk property as collateral. Before they had high risk debt that’s what caused the banking crisis (that we all paid for because idiots got over extended).
Comparing the US state by state I agree - comparing the UK like that - foolhardy.
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D
Deleted member 2463
Of course it is - they’ve been making tons of money for the last ten years because of low interest rates. And even in a firesale the the price the bank will sell for is huge
Foreclose 100% on - 90% loan at worse case plus inflation on the property plus the income on any debt to find the new purchase. It’s a goldmine for the banks.
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Foreclose 100% on - 90% loan at worse case plus inflation on the property plus the income on any debt to find the new purchase. It’s a goldmine for the banks.
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Thanks all. Just secured one and really looking forward to getting my hands on it
D
Deleted member 2463
Yes it’s wildly under at the moment. A blind man can see that with his cane.
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D
Deleted member 2463
Jib
Site Supporter
I feel like surely interest rates have to go up soon but we moved in June, our extra mortgage was agreed in February, we didn’t renew our ported mortgages when we moved but have just had to do that, they were 0.55% cheaper than the mortgage we agreed in February. Which makes me think our lender at least isn’t expecting a hike or they were expecting a larger hike back in February. I don’t know how all the decision making happens but I was really surprised the rates were lower.
We downsized in 2013 because we thought interest rates couldn’t possibly stay as low as they were then for much longer
It worked out well in the end but obviously we were very wrong about the rates
We downsized in 2013 because we thought interest rates couldn’t possibly stay as low as they were then for much longer
It worked out well in the end but obviously we were very wrong about the rates
There’s a whole generation of home owners who have never paid high interest rates on mortgages.
rates have been ultra low since 2008. Even if rates go up to 3-4% which seems like bugger all to older people it’s going to come as a major financial shock to younger owners.
its all well and good for us to shake our heads and talk about youngsters in their 20s “over extending” themselves but the reality is flat/house prices are scarily high in comparison to wages.
renting isn’t viable in the longer term. The house next to me is rented out for over 4K a month and is considered to be a cheaper place to rent.
the predicted exodus from the cities hasn’t caused prices to fall. There’s been some decrease for smaller flats etc but places with gardens have increased significantly again over the last 18 months. Anything new coming onto the market is getting snapped up. There’s a real lack of family sized properties.
there is a real need for an adjustment in house prices but demand due to
aging population,increased divorce rates and a general growing population are ensuring prices remain sky high
a walk around today took me past a staggering amount of construction. As far as builders/developers are concerned it’s full speed ahead. Loads of sky scrapers are going up around this area so I guess they aren’t predicting a property crash. In New Cross alone they are starting to build a jaw dropping 28,000 new homes. Even more are planned and under way in Lewisham.
even where my parents live outside of London. they are squeezing houses in everywhere. Another 3000+ are currently being built despite a huge luck of infrastructure for commuters.
I think young people are going to have it rough for the foreseeable future.
rates have been ultra low since 2008. Even if rates go up to 3-4% which seems like bugger all to older people it’s going to come as a major financial shock to younger owners.
its all well and good for us to shake our heads and talk about youngsters in their 20s “over extending” themselves but the reality is flat/house prices are scarily high in comparison to wages.
renting isn’t viable in the longer term. The house next to me is rented out for over 4K a month and is considered to be a cheaper place to rent.
the predicted exodus from the cities hasn’t caused prices to fall. There’s been some decrease for smaller flats etc but places with gardens have increased significantly again over the last 18 months. Anything new coming onto the market is getting snapped up. There’s a real lack of family sized properties.
there is a real need for an adjustment in house prices but demand due to
aging population,increased divorce rates and a general growing population are ensuring prices remain sky high
a walk around today took me past a staggering amount of construction. As far as builders/developers are concerned it’s full speed ahead. Loads of sky scrapers are going up around this area so I guess they aren’t predicting a property crash. In New Cross alone they are starting to build a jaw dropping 28,000 new homes. Even more are planned and under way in Lewisham.
even where my parents live outside of London. they are squeezing houses in everywhere. Another 3000+ are currently being built despite a huge luck of infrastructure for commuters.
I think young people are going to have it rough for the foreseeable future.
I hate to say this but I think neil is right the banks and government have kicked the can down the road as long as they can particular with printing money bounce back loans deferred vat and fur low
We are in a worse position now than in 2008 when after that crash we where told no more silly lending roll on 12 year and we are back to square one again just in a different way no silly lending but silly interest rates and the bank will pay your deposit
Sadly people just have a spend spend spend attitude today and don’t worry about tomorrow but then the interest rate go up 2% or a job loss people have zero or minimal savings and it’s game over
We are in a worse position now than in 2008 when after that crash we where told no more silly lending roll on 12 year and we are back to square one again just in a different way no silly lending but silly interest rates and the bank will pay your deposit
Sadly people just have a spend spend spend attitude today and don’t worry about tomorrow but then the interest rate go up 2% or a job loss people have zero or minimal savings and it’s game over
Disease, floods, fires and now a possible massive recession on the cards. Better get p15sed this weekend lads before the world ends 
Just remember to save some booze for next weekend.... the crap-fest that is World events will be even worse by then.Disease, floods, fires and now a possible massive recession on the cards. Better get p15sed this weekend lads before the world ends
To move away from the economy for a moment, can anyone suggest a ballpark for LCD Sterns or JJP machines? I'm looking for a second and I'd love a JJP or newer Stern again but they don't seem to come up on public sale too often so I want to make sure I can actually afford one. Bonus question - Rick and Morty specifically? Dream machine!
£5000 - £5750 for a Stern Pro, depending on which title and condition.
I am getting on average one inquiry per week asking if mine is for sale and how much. I’ve been offered £10k for it, but it’s not going anywhere.
I saw your post. I'm afraid you won't get a JJP for £6k if you do, you are a better negotiator than me!
JJP POTC goes for stupid money
.JJP GnR likely won't see any sales anytime soon.
JJP WoZ and Wonka more likely but I would prices around 8k in all honesty and higher..
Stern's modern LCD not DMD go from around 5.5k to 6.5k for a pro.
Premiums obviously higher than this but depends on the pin.
Keep an eye on the for sale thread. Gems do show up.
I think deep down I knew that was the case! Oh well - remains a dream machine.
Yeah I knew for the JJPs I would have to stretch but I do like the look of WoZ and Wonka so depending on availability I could just about do it. Part of me was considering selling the JP2 and looking for a POTC but I think having two great machines is better than one awesome one!I saw your post. I'm afraid you won't get a JJP for £6k if you do, you are a better negotiator than me!
JJP POTC goes for stupid money
JJP GnR likely won't see any sales anytime soon.
JJP WoZ and Wonka more likely but I would prices around 8k in all honesty and higher..
Stern's modern LCD not DMD go from around 5.5k to 6.5k for a pro.
Premiums obviously higher than this but depends on the pin.
Keep an eye on the for sale thread. Gems do show up.
For the price of some of the high end stuff in all honesty you be far better off with 2 or 3 lower end pins as you will have variety which truly is the spice of life.
Like Alan my R&M BS edt. is going nowhere and although no one has offered me 10k I was offered 16k+ for my GnR which is IMO madness but needless to say it’s staying as I doubt anyone with a CE will be parting with theirs.
If tou really want something newer keep saving there’s lots of Spike 2 pros that come up 5-6k or go that little further and see what Phil has NIB and have a little peace of mind.
Like Alan my R&M BS edt. is going nowhere and although no one has offered me 10k I was offered 16k+ for my GnR which is IMO madness but needless to say it’s staying as I doubt anyone with a CE will be parting with theirs.
If tou really want something newer keep saving there’s lots of Spike 2 pros that come up 5-6k or go that little further and see what Phil has NIB and have a little peace of mind.
Fubar
Registered
That's assuming you have unlimited space to put them though!