The property apocalypse draws closer...
Oct 28th 2007, 3:47 pm
#1036
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Joined: Apr 2005
Location: Melbourne
Posts: 4,553
Re: The property apocalypse draws closer...
Was just checking whether this thread was closed too! Appears not
Oct 28th 2007, 7:52 pm
#1037
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Joined: Jan 2005
Location: Dubai
Posts: 888
Re: The property apocalypse draws closer...
Any idea what happened to the other one?
Oct 28th 2007, 10:14 pm
#1039
BE Enthusiast
Joined: Jan 2005
Location: Dubai
Posts: 888
Re: The property apocalypse draws closer...
The "Buying a villa and wanting to live in it" one. The thread has been closed.
Oct 28th 2007, 11:38 pm
#1042
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Joined: Jan 2005
Location: Dubai
Posts: 888
Re: The property apocalypse draws closer...
What, the idea of buying a villa and wanting to live in it?
Oct 28th 2007, 11:46 pm
#1043
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Joined: Aug 2004
Location: Dubai
Posts: 2,082
Re: The property apocalypse draws closer...
Yep....almost unheard of in these parts....
sarcasm (i'm not very good at it apparently).
Was attempting to have a go at the fact that it seems most property is owned by speculative investors...the very idea that someone might want to buy it for themselves must be a pretty new concept...and by the deletion of the postings....maybe a little offensive?
sarcasm (i'm not very good at it apparently).
Was attempting to have a go at the fact that it seems most property is owned by speculative investors...the very idea that someone might want to buy it for themselves must be a pretty new concept...and by the deletion of the postings....maybe a little offensive?
Last edited by Jeeper; Oct 28th 2007 at 11:48 pm.
Oct 29th 2007, 12:11 am
#1044
Soupy twist
Thread Starter
Joined: Dec 2004
Posts: 2,271
Re: The property apocalypse draws closer...
I think the original poster was expecting tea and sympathy, and was rather taken aback to have her naÏŠvety pointed out to her 
Apparently, they would only be able to cover the monthly mortgage payments by "scrimping and saving". This suggests to me that they've bought something they can't really afford - if they're having to scrimp and save *now*, what happens when, as is inevitable, DEWA bills go up, service charges go up, school fees go up, the general cost of living goes up? You can't rule out mortgage interest rates increasing, either.
Alvin Hall has it exactly right; buying property *isn't* always a better idea than renting. If you can't comfortably afford the monthly repayments with plenty of breathing space left over to absorb future increases in the cost of living, you're lining up trouble for the future. The current state of the UK mortgage market is living proof of that.
Apparently, they would only be able to cover the monthly mortgage payments by "scrimping and saving". This suggests to me that they've bought something they can't really afford - if they're having to scrimp and save *now*, what happens when, as is inevitable, DEWA bills go up, service charges go up, school fees go up, the general cost of living goes up? You can't rule out mortgage interest rates increasing, either.
Alvin Hall has it exactly right; buying property *isn't* always a better idea than renting. If you can't comfortably afford the monthly repayments with plenty of breathing space left over to absorb future increases in the cost of living, you're lining up trouble for the future. The current state of the UK mortgage market is living proof of that.
Oct 29th 2007, 6:15 am
#1047
BE Enthusiast
Joined: Oct 2006
Posts: 537
Re: The property apocalypse draws closer...
I think the original poster was expecting tea and sympathy, and was rather taken aback to have her naÏŠvety pointed out to her
Apparently, they would only be able to cover the monthly mortgage payments by "scrimping and saving". This suggests to me that they've bought something they can't really afford - if they're having to scrimp and save *now*, what happens when, as is inevitable, DEWA bills go up, service charges go up, school fees go up, the general cost of living goes up? You can't rule out mortgage interest rates increasing, either.
Alvin Hall has it exactly right; buying property *isn't* always a better idea than renting. If you can't comfortably afford the monthly repayments with plenty of breathing space left over to absorb future increases in the cost of living, you're lining up trouble for the future. The current state of the UK mortgage market is living proof of that.
Apparently, they would only be able to cover the monthly mortgage payments by "scrimping and saving". This suggests to me that they've bought something they can't really afford - if they're having to scrimp and save *now*, what happens when, as is inevitable, DEWA bills go up, service charges go up, school fees go up, the general cost of living goes up? You can't rule out mortgage interest rates increasing, either.
Alvin Hall has it exactly right; buying property *isn't* always a better idea than renting. If you can't comfortably afford the monthly repayments with plenty of breathing space left over to absorb future increases in the cost of living, you're lining up trouble for the future. The current state of the UK mortgage market is living proof of that.
Oct 29th 2007, 8:10 am
#1048
Soupy twist
Thread Starter
Joined: Dec 2004
Posts: 2,271
Re: The property apocalypse draws closer...
That's because you're not very bright.
That's because you know somewhat less about this particular situation than I do.
I don't think the poster has given us enough info for you to start preaching to them about what they can or can't afford.
Oct 29th 2007, 8:48 am
#1050
Soupy twist
Thread Starter
Joined: Dec 2004
Posts: 2,271
Re: The property apocalypse draws closer...
But you *aren't* very bright, I'm afraid. You've demonstrated that time and again, primarily by making assertions so ludicrous that shooting them down in flames has been almost embarrassingly easy. Remember "capitalism is king in Dubai", for example? 
Another good one was the time you tried to develop your old faithful "sour grapes" refrain by saying to shiva "Bad time at your rent committee hearing?" shortly after shiva had made his landlord his bitch
Another good one was the time you tried to develop your old faithful "sour grapes" refrain by saying to shiva "Bad time at your rent committee hearing?" shortly after shiva had made his landlord his bitch
Last edited by Eeyore; Oct 29th 2007 at 8:52 am.
