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harvipark

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Posts posted by harvipark

  1. A period of transition can either be very easy, or….. well not so easy. For myself it is most definitely the later, and it’s still not finished.

     

    So In the meantime here are a couple that have kept me going while in the bunker. I owe a lot to this forum and to what I have learned here so I’d thought I’d quickly pop by and say hi :)

     

     

    Hello stranger!

     

    Good to see you are still around and still in one piece!

  2. Is a fair value for gold nearly $4,000?

     

    Gold is hitting record dollar highs once more but should an ounce really be worth $4,000 - almost three times the $1,400 range it has been trading around?

     

    The bold claim has been made by Paul Tustain, the founder of gold investment service BullionVault.com, who reckons the market still ‘significantly undervalues’ the shiny stuff. His view, which is obviously heavily weighted in favour of gold, is that inflation and potential financial risks mean gold has a ‘fair value’of $3,844 an ounce.

     

    That’s a mighty big number, considering gold is trading at $1,430 at the time of writing, having hit a record spot closing high of $1434.5 on 2 March.

     

    http://blogs.thisismoney.co.uk/2011/03/is-a-fair-value-for-gold-nearly-4000.html

  3. Reminds me of this ..............

     

    {definately not for work or fro in front of kids}

     

    :D Retrieved from the memory banks.........thanks for that

     

    Ministry?.....Fab!

     

     

    None of the above really my thing generally, just the odd tune I liked. Preferred this kind of stuff ...

     

    Weird is that. The "above" was my kind of thing!...Oh well, each to their own i suppose

     

    Never really got into the ska thing but i would make an exception with Madness...they were a bit special. Suggs is a top bloke...lots of respect for that guy

     

     

  4. 1/

    Penny, the Junior Doctor who makes Pds.2,000 a month - that's less than Pds.25,000 a year, and she wants to buy a flat for... wait for it: Pds.210,000 - that's more than 8x income - a ridiculous multiple! And yet this passes without comment. And the interviewer seems to think that 10% down and a 90% Loan is somehow normal.

     

    I agree.....Its almost as if we have all become desensitised as to how much 210k really is. Aided by low interest rates, people are just focussed on how much the monthly payment is rather than how big the loan is.

     

    2/

    The banks ARE profiteering.........

     

    It would be interesting to see if the banks try to maintain their margins should the BoE push interest rates up? I dont think they can

     

    The point is from that podcast is that the general public are starting to get the message that the housing market is now dead in the water and hopefully we can look forward to more affordable house prices in the coming years. I was talking to a young 20 something friend the other day who cannot afford to buy, and similar to Penny the Junior Doctor, he is angry and frustrated that he has been priced out.

     

    What I am trying to get across to him is that if he is patient and rents for a few years more, he will be presented with the buying opportunity of a lifetime in the coming years

     

  5. Listened to this tonight. Some good anecdotals as to how hard it is to get a mortgage in the current economic climate

     

    Well worth a listen....

     

    File on 4. Homes but no loans

     

    Homes but no loans. Despite the threat of a new slide in house prices and rising levels of negative equity, the number of property-buyers having their homes repossessed has declined over the past year. But now many economists predict interest rates will rise in the course of 2011, fuelling fears that Britain's housing market could be facing a double dip. With banks chasing profits and affordable mortgages harder to find. Michael Robinson asks what impact the new housing freeze will have on Britain's already battered economy.

     

    iPlayer

     

    http://www.bbc.co.uk/programmes/b00xppmm

     

    Podcast/stream

     

    http://downloads.bbc.co.uk/podcasts/radio4...10125-2044a.mp3

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