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Hi JA & FIN,
If everything is so gloomy for refinacing and everything is going to hell just then only those with BG might get their money back the rest by you own admissions and statements will get nothing because all their assets are worthless in this financial situation. So the best outcome is that they get the fundins and everyone wins both the IWMH and IWMMB as they would have the money.
so
I Still Want My House
regards brianmags
R4 556
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Brianmags, I don't know if you are aware, but there is a financial crisis worlwide and decisions made in US tonight, could make things a lot worse.
Everything (financially) is so gloomy for refinacing whatever the business, whatever the premises.
Only those with BG might get some of their money back the rest by you own admissions and statements may get nothing.
The best possible outcome is that they get the refunding, but as per my first sentence, there is a financial crisis worldwide.
Who do you think will put up legitimate funding for such a project and in such a market?
Only today (fact) a premises valued at £2,000,000 three months ago, has now been revalued at £1,250,000
Who wants to risk investing in property for the next 12 months.
More and more unemployment, higher food costs, many cannot afford a holiday or to pay the mortgage on their home, let alone buy a holiday retreat.
Don't you think funders will take that into consideration?
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Hi Guys
The real negative part is .....just suppose......
The builder goes ahead and builds......on a high percentage pay back for finance......we have to go ahead with our house purchases and not sure if we can get a mortgage......or have customers to go there......or the services to go with the development..............living in a building site for years because of the slow sales
Then the builder does go bust and the game is over........................man o man......the amount we lose now is chicken feed compared to what it could be eventually
Now thats negative for yer.............................the worst part is, it is more than likely to be the outcome for a lot of people if iwmh actually happens.
Frightening
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Best wishes, Brian
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Hi briando
we wil have to wait and see what is played out and it wont help if everyone starts fighting between themselves I still believe the best option is completion of developement at least if you wish you may be able to sell at a profint in the future and housing is a long haul investment wheather you want to or not sometimes you make it in a short time but thenat others you have to wait it out and as long as you are not overstretched on outgoing then you can ride out the bad times. But I was looking at the long term not fast buck otherwise I would n't have laid out the cash
regards
brianmags
R4 556
I want my house
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Hi Brian
Sorry but the points i was raising had nothing to do with falling out, just speculating on possible outcomes.
If anyone wanted a fast buck.......they would have done better betting on a 100 mile snail race..............san jose were never a fast buck....or a buck..........just a misery
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Best wishes, Brian
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Pleeeease. Will some never learn?
Financial crisis, property market slump and glut of properties and now some are talking about selling at a profit in the future.
That is assuming that you are prepared to sit it out for 10 years, pay the interest on borrowings, pay the annual insurance, maintenance costs and community charges and hope that the property price will increase above that annually.
I agree that property is a long term investment, but you have to buy "right" to start with and if you need considerable funds to acquire, this could set you back years, when the market is not good.
If you are looking at a property as a long term investment, you have to be careful of the type of premises and standard of construction of the premises you will buy.
How many of the throw them up standard of buildings do you expect to have a life greater than 25 years, without major maintenance works being needed.
brianmags, you have told us what the best options are for purchasers, SJ and everyone else regarding financing. It is evident that you are not, or never have been involved in funding, development or property investment and such comments are laughable, (fact), try talking to people who are experts in these fields.
I fear that your lack of knowledge in such matters can lead to tears. No problem, that is your business. But when you try to convince others of your beliefs, that is what I find to be dangerous. Just as dangerous as the developers and agents who promised the earth to purchasers (sell at a profit, long term investment, good rental yield).
Developers and agents have been slated on here for allegedly mis-selling. Now we have a purchaser claiming that "sell at a profint in the future". You can guarantee that can you? I suppose the bank manager supports and guarantees?
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Hi Fin
never said I was involved in major refinacing I am only an ordinary guy all i want is either my house or my money it is that simple
brianmags
R4 556
I Want My House
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So what are the comments such as the following based upon?
"best option is completion of developement"
"may be able to sell at a profint in the future"
"housing is a long haul investment" (but not guaranteed)
"best outcome is that they get the fundins " (do you know that their interest charges will not escalate?)
" no problem in getting a mortgage for Jumilla " (are you also stating the same applies in 12 months time?)
These may be your thoughts and no problem with that. Everyone is entitled to an opinion, but broadcasting them as Gospel and encouraging people to join a "clan" which is in the minority of purchasers and spreading those belief, could cause a lot more heartache to people, which they do not need right now.
Any evidence to support your claims?
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Hi Fin
I dont agree with all you say but dont stop you from saying it and as for my comments I believe most of them a fairly correct better to have something rather than nothing i dont force my opinioon just state them and let others make their own decisions
brianmags
R4 556
I want My house
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Yo may not agree agree with all I say, but you cannot stop me from saying it.
The problem is that you state your opinions, numerous of which you cannot support with facts. This is where the problem is, anyone reading is likely to possibly think that nobody would make such bold and sweeping statements if they were not fact, which is exactly what you do. Doesn't give any credibilty for SARC does it.
You say your comments are "fairly correct". More spin, you often hear Labour ministers say such things when they can't answer questions.
"let others make their own decisions" Yes fine, so why try an tempt them to support you "clan"?
Any evidence to support your claims?
Do you at least realise that if someone spreads fiction as fact (likely many of the tabloids do), could cause a lot more heartache to people, which they do not need right now., and many could possibly be easily influenced?
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Hi FIN
I dont think anybody has stopped you saying anything have they?
I sometimes find it hard to concentrate on your postings because they are so long and involved, good as they are at times.
Its also difficult sometimes to distinguish from what you have said before and what you are saying thats new......but dont let that stop you!!!!
Brian
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Best wishes, Brian
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Brian, no, nobody has stopped me, it was in response to "but dont stop you from saying it "
Regarding the alleged repeats. Sorry about that, but very few facts have changed over the last few months and I respond when people comment and state spin and what really is garbage if they cannot support and in view of market conditions.
It is said that if you tell a monkey something over and over again, in the end they will understand. So repeating facts over and over, hopefully the penny will click with some.
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FIN, you say alot about the same old stuff, becomes boring, and so telling a monkey over and over would only work if he listens(reads it) and i dont think we are monkeys do you?
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No, not all.
If you find facts boring then sorry, can't help you there.
Can only assume by your comment that you would rather hear that all is well at SADM and that in a year, you will be sipping a dring in the clubhouse?.
Shame that is not fact. Can't please all........... This message was last edited by FriendinNeed on 10/2/2008.
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Hi All,
I have read down the thread and no one has said why it would be better for a purchasers to go for their money rather than their property,just the same old negatives. We have lots of whaffle attacking any idea or suggestion that supports SADM and getting you house but no reasno as to why going for your money will result in a better out come. I tend to believe that it is only those with BGs who want their money back would benifit from SADM not proceeding and therfore have an interest in talking down the probability of SADM going ahead.
Why is it that those who keep on deriding SARC and I Want my House have to be rude? Is it because in truth they have nothing of substance to say and just react to the information and comments from others?
All the best to you all what ever your prefered outcome.
I Want My House
Tony R17 18
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Tonymal Why do you think people with a BG don not want SADM to go a head ? What difference would it make to people with a BG if it goes ahead or doesnt ? I can't see that it would make any difference to them at all.Perhaps you could enlighten us .Thanks JA
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