Our very own Cartwrim......Famous?

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Is this you Matt

http://news.bbc.co.uk/1/hi/business/7661303.stm

Massive coincidence otherwise lol even has the same name as your wife lol

Famous

Interesting! But will he admit it...

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Why wouldnt you

[Stu]

'Cos he's taken a 30 Grand hit (of which 9 grand in cash & 21 in negative equity), his monthly outgoings have gone from £675 to £805 plus cost of Buildings insurance and building repairs.

But he's not alone & nothing to be ashamed about.

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[quote=Stu;1650486
But he's not alone & nothing to be ashamed about. [/quote]

Exactly......anyone whos bought in the last 3 years will be in exactly the same situation......if things keep going the way they are.....anyone whos bought in the last 7 years will also be looking at a similar scenario.

End of the day they were just paying someone elses mortgage before which is dead money....now they have something thats their own and they have no intention of moving anyway.

Its like me, I didnt buy my house for an investment, I bought it because I wanted a roof over my head I could call my own and I knew I wouldnt be moving anytime soon.

I must be the only person who's house has gone up, but hasn't gone down again yet......

My mortgage is due for renewal soon. Go 4.5%, and hopefully 4% by the time i resign (currently on 5.7%)

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Living in the south east, and you think your house hasnt gone down in price Is that because you havnt had it valued yet

South east is one of the bad areas for % drops as londoners try to sell their second homes.

Well the other houses on the market in my direct area (still sought after) haven't dropped in price at all in the last year. OK they have even'd off, but deffo haven't dropped. In fact, extended ones with 4 beds seem to be going for over market value still.

Might just be my location. New motorway rebuilt, international rail station opened, bluewater, local hospital etc...

Currently the house values are still £20k+ over what we paid 2.5 years ago.

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They may well be on the market, but they probably arnt sellling.

I could be wrong though, I suppose it is possible some local areas are not following regional trends.

Originally Posted by Stu

'Cos he's taken a 30 Grand hit (of which 9 grand in cash & 21 in negative equity), his monthly outgoings have gone from £675 to £805 plus cost of Buildings insurance and building repairs.

But he's not alone & nothing to be ashamed about.

It is indeed me but I think you're wrong in the above Stu. It is true that there are undoubtedly drops in price of flats in Birmingham at this time, but the only measure they are using in this analysis is the B1 postcode. I live in B16 postcode in a development which is about 90% owner occupied and even on recent trends is maintaining values much closer to their peak prices; as opposed to some other developments which are about 20% owner occupied, where the investors are pulling out and the ghosts are moving in.

My friend has a friend who works for the Beeb and asked if I would chat to them. They wanted to do a follow up TV interview today but only rang at lunchtime and I'm at work so not enough notice.

As I said in the interview to the chap, I couldn't give a rats if the property's worth 10k at the moment cos we're not looking to sell - it will only be in 5 years time that I may have to worry. Even then, it's likely that if my house has dropped by 50%, ie, to £97,500, the next house I want to move in to will have dropped significantly as well so it's all swings and roundabouts really. It's the 'investors' that are f*&%*'g things up!