I bought my house about 5 years back, before this mad price rush that seems to be going on and am quite chuffed that I did (didn't realise what was going to happen with prices, just decided to buy at the time).
Now my mates all want to buy houses and are having problems due to the high prices. As an example, I paid just over £50k for mine 5 years back and my friend tried to buy one 5 doors down from me the other day and it ended up going for around £115,000!! Has the world gone house mad? :eek:
Anyway, I spoke to this person today as I am trying to help them find a house but they've decided to stop trying to buy now and continue to rent. They said they spoke to two different sources (not sure who) and also heard a report on the radio and all said it was no longer worth first time buyers to buy a house due to the high prices and that they will fall soon and all the people buying now will be stuck in massive negative equity.
Now I'm no house or mortgage expert at all, but I was wondering if anyone knew if the above is true or have they been misinformed?
I know they really want to buy asap as they are fed up of renting and are also getting married in October and would like a fresh start to their new life together etc.
Anyone got any thoughts on this as I haven't a clue and they are asking for my advice....
Please help.
I didn't find the right solution from the Internet.
References:
https://forums.digitalspy.com/discussion/131566/house-prices-no-point-buying
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Thanks!
Application of vacuum technology
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Main function of pump body The pump body is also known as the pump housing. The main function of the pump body is to close the impellers of various pumps and the medium to be transported in a certain space, concentrate the medium discharged from the impellers of the pump to the outlet pipeline, and convert a part of the velocity energy of the medium into the boosting energy, so as to speed up the velocity of the outlet pipeline, and increase the pressure to achieve the purpose of constant flow of water energy at the low place to the high place. The pump body is also a part that bears the medium pressure.There are three kinds of commonly used pump bodies: volute type double suction centrifugal pump: the shape is very similar to the snail's shell, the volute has different cross-section and gradually expanded flow channel, and the shape and size of the flow channel have a great impact on the flow head of the pump. As shown in Figure 2-7Pump body with inducer device: the pump body is a rotating body model, and there are several flow channels with inducer structure outside the impeller in the pump body.Double layer pump body: a cylinder shaped pump body is added outside the general pump body, which is called double layer pump body, This kind of pump body can usually play the role of heat preservation or temperature reduction. For example, when the sewage pump is automatically stirred to deliver high-temperature liquid, if you want to keep the temperature unchanged, you can apply hot water or heat preservation liquid to the outer layer to keep the liquid in the pump body from falling. If you want to reduce the temperature, you can apply cold water to the outer layer to also play the role of temperature reduction.Dry Type Oilless Vacuum Pumpsindustrial vacuum pumps,vacuum furnacesDry Screw Vacuum Pump
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