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Thread: UK Recession forecasted?

  1. #1
    zummerzet_lou's Avatar
    zummerzet_lou is offline your flexible friend
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    Default UK Recession forecasted?

    On the news this morning they are forecasting a recession.

    Mortgage rates are up, loads of people are coming out of their fixed rate deals and house sales are slowing.

    Our house has just gone on the market .. could we have chosen a worse time? Not even had a single viewing yet - doesn't look promising does it?

    Lou
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    Sorry about the bad news, Lou. I guess a lot of people, including a few on here, are sweating at the moment that they aren't going to be able to sell their houses and move forward in their plans.

    Still, if someone wants your house badly enough, they'll still go for it, so fingerscrossed that this will be the case. Just make sure it's not your mother that's put a jinx on the proceedings to put you off going to NZ.
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    zummerzet_lou's Avatar
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    I suppose we still have ages ... still not had our ITA so plenty of time. Just had this daft notion that our house would sell quickly and we'de be panicking about what to do, rather than now worrying about if the house will ever sell!

    Life is never easy is it?
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    ebianca's Avatar
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    Know how you feel Lou although we have had a few veiwings but no takers.

    Being at the lower end of the market and one of the cheapest houses in our are we are hoping we should still be OK.

    We had a promising veiwing on Sat by a couple down sizing and wanting to move near family who live about 5 min walk from our house- however they only just put their house on the market

    Hope things pick up now kids are going back to school.
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    I was already starting to worry without this! Wondering whether we should drop our price or wait it out a bit longer. Decisions, decisions - but at least the exchange rate is going the right way today

    Good luck to everyone selling

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    ebianca's Avatar
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    Funny you mentioned reducing- we knocked a few grand off ours last week- getting so deperate to go now.
    Flights booked for 24th March 2008!
    Landed in Wellington 26th March 2008!!

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    EOI Selected 16th July 2008!
    EOI 'Successful' 1st August 2008!
    ITA Received 8th August 2008!
    ITA Aplication accepted 26th September!

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    Dawn's Avatar
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    Hey guys, I remember being so completely peed off when we couldn't sell our house. We were desperate to get over to NZ and were sitting watching house prices going up and the lifestyle we wanted disappearing up the Swanea. We were also aware that if we didn't sell within a certain time frame we'd have to put off moving because of where our oldest daughter would be in her schooling. We felt like it was never going to happen. But then I started to think about things from a different perspective as I realised that I was being quite narrow minded. When you're caught up in a situation you usually only see things from one point of view and when things aren't happening the way you want them to, you feel as though you are being prevented from moving on. Feeling like this was just making me anxious and frustrated and even a little resentful and that is not a good frame of mind to be in. It's not productive or in the least bit helpful to any situation so after a while I decided to try and just let things be. Instead of thinking about all the things I wanted to happen and all the things I couldn't have, I switched to just getting on with stuff and making the most of what I did have. I began enjoying the moment with the realisation that these times would soon be left behind. I felt loads better about myself once my focus was back on what mattered i.e. today. And whaddya know, within weeks we had two offers on the house on the same day when we hadn't previously had one offer in two years!

    Everything in it's own good time peeps! Things happen when they're supposed to happen. We didn't sell when we wanted to and that put our plans back at least 18 months. That's 18 months of house price rises, 18 months of us having to pay rental fees on a house in the UK we had no intention of renting initially (because Lauren was then at the stage in her schooling i.e GCSE's when we couldn't take her out) obviously eating into our capital, 18 months of Lauren making stronger and more important relationships with friends i.e. harder for her to leave behind. But maybe that was all supposed to happen for a reason. Maybe Lauren was supposed to make strong friendships so that she could learn how to deal with the pain of leaving them behind. Maybe this will teach her things about herself and help to make her a stronger person. Maybe NZ just wasn't ready to offer us what we needed at that point. Maybe I was supposed to wait to come here. Maybe other things had to move into place first. And I think this because since being here we haven't had to wait for anything, we haven't really had to look for anything, it's found us almost as if it was meant to happen.

    Bide your time girlies. Greater forces are at work. Enjoy what you have and just relax knowing that everything will happen when it's good and ready. Have faith
    Last edited by Dawn; 06-09-2007 at 12:23 PM.
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    AND..... if you'd moved here 18 months earlier, you might never have met us

    Where would you be without your demi-god then huh??

    Last edited by Welshgirl; 06-09-2007 at 12:31 PM.

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    Dawn's Avatar
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    Quote Originally Posted by Welshgirl View Post
    AND..... if you'd moved here 18 months earlier, you might never have met us

    Where would you be without your demi-god then huh??

    Yay! WG is quite right! We may never have met up, they might have been off doing something else like......like......like........well they might have been doing something else and again, yay, where would I be without my DemiGod? My DemiGod who is the Taffmeister. My knees are vair vair soar from my constant genuflecting in his direction. And thrice, yay, just coz I wanted to say thrice
    Passionate about the unfathomableness opportunities of kiwi-a-gogo-land

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    keeweegal's Avatar
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    Quote Originally Posted by Dawn View Post
    Bide your time girlies. Greater forces are at work. Enjoy what you have and just relax knowing that everything will happen when it's good and ready. Have faith
    You are vair vair wise woman - thank you!

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