@Coltrane. Ignore them. Been telling me that for god knows still have nuff equity in this place let me tell you. The days of cowboy profits and the kind of gung ho days are curtailed for now but property is good business and a good investment over the medium and long term.

Property and land..can't beat it my brother good sounds basics...



FB

@Blackmatta got a point. The profit like all these things on a serious note is for those who got into the market at the right time and price. The margins now as you said are quite tight. I mean the rent to mortgage market is really tight.

But on a very selfish and short term asessment and I say that because what we gain today will be taken out of our children's arses tommorow or now as the case may be.

But depending when you came into the market determines what surplus you have or room to manouvre. So a very selfish and misleading argument by me which you have corrected. But never fear remortaging etc can give you room to move to set up a business abroad or buy land and work it that way.

Some of my close friends dumped about 60 properties before this down turn and are laughing like Larrry right now.

FB

if only property prices came right down. blame the second home owners.. greedy...but on a serious note i need to be earning double my wage to get a house. job offers.....

so should i buy now, or wait...? i can't trust the mortgage advisors cos they r in it for their own gain...

lookin to buy and lease out... and start from there, i'm hot on DIY so a place needing work dont scare me, but ppl keep telling me to wait...

i got everything ready, so when is it right to jump...?

@Ms Pnutt if you can afford to buy. Property prices are actually silly if the truth be known. I bought early but I feel it for kids and who are about 17/18 because they are really goiing to get eaten alive unless they can get on the 2,00, 000 p a bracket.

@All. For me property is a serious issue black people need to be getting their act togher on in developing alternatives because as things stand we ain't seen the half of it. Property shapes community and also organisational forms and community structure and shape.



FB

housing crisis is not the fault of individuals who mostly do whatever they can to survive in a contracted-out culture. No. The fault lies squarely with Government, whoever that government is. Only they have the power to do something about it. No-one has really bothered even trying since the Sixties and things weren't that great then as this was the decade which brought us Cathy Come Home.
It caused quite a shock then.
Now we have property **** and the only shock waves are caused by falling house prices, not homelessness.
There must be massive hidden homelessness in this country. You do the maths. Average income is only around £26k per annum, and around half of all wage earners earn a good deal less than that. [Source: Polly Toynbee in the Graun.]
Average price of family home, at most conservative estimate, is somewhere around £150k. Six times average salaries. And most family homes cost a great deal more. £150k wouldn't even buy you a one-bedroom flat in most parts of London and the south east.
That's the story. But instead all we ever get is ooooh er, missus, house prices down...
This could be because the media is now almost totally staffed by rich ****ers who have houses or have rich parents who will ensure they do. (I apologise for use on an F word)