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#166 iangilb

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Posted 26 July 2006 - 01:03 PM

IANGILB , in answer to your recent post , thankyou for your advice / concern , but i'm not going to get into a pointless debate about my circumstances , i am fully aware of all your points , we are very very happy with what we've done and our current posistion is excellant and of course i'm aware i have to pay tax on my interest , it's the basic rate taken at source , the area is Harrow 12 month falls of 8% according to the bbc i would defo confirm this , but i never said compounded 20% , do you know what the letters YOY means ? Thanx again m8 for the advice if i need any more your be the first i'll ask ;)


Yes you are right. I did misinterpret YOY. Schoolboy error :(

#167 grey shark

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Posted 27 July 2006 - 07:14 AM

IANGILB , there was a time when everyone on here wouldn't of known what YOY meant , well done you for being honest , good luck in whatever you do :)

#168 Virgin

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Posted 27 July 2006 - 10:33 PM

Hi

I am a 28 year old girl living and working in London with no hope of ever being able to buy. The stories I read about the last crash are encouraging, but it hasn't reached here yet. I'm hoping that by 2008 the market will have reached a level where I can at least have the opportunity to buy. I believe that the current situation is wholly unsustainable. I'm not happy about it though!

#169 Sledgehead

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Posted 28 July 2006 - 03:33 PM

Hi

I am a 28 year old girl living and working in London with no hope of ever being able to buy. The stories I read about the last crash are encouraging, but it hasn't reached here yet. I'm hoping that by 2008 the market will have reached a level where I can at least have the opportunity to buy. I believe that the current situation is wholly unsustainable. I'm not happy about it though!



I think I speak for all the single males here when I say, welcome! ... and are you really a virgin? ( :P )
Bubble Thinking & The Wisdom of the Property Bulls (click the pink arrow to see it in full!):

QUOTE(BTLlondon @ Jun 13 2005)
You have missed the HMS "good time to buy boat." ........Now is a good time to buy  

QUOTE(nodumsunreader @ Aug 10 2005, 03:48 PM)
.....if your wished for HPC actually happened ..... The only winners will ....be those who own property  

QUOTE(TheLittleGuy @ Aug 13 2005, 02:16 PM)
I think that the market will eventually have a proper crash ... I used to be an HPC believer, but that was a long time ago  

#170 Snagger

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Posted 04 August 2006 - 10:09 AM

Hi All,

considering I spend so much time on the net it's taken me a while to find this site, probably as I didn't think so many people out there shared by own thoughts on Labours housing/economy lies, whoever I spoke to was either getting rich from the housing boom, so didn't care, or was too blinded by the media to see what was really happenning.

I've been fortunate in securing a HA home, so the cheap rent is allowing me to save up a deposit and I'm not under any pressure to buy, even though I probably could probaly scrape enough for a tiny box house, which I'm not willing to do. I've also been approved for shared ownership, despite not being a 'key worker'. I guess they want me out of our HA home now.

some intresting posts on shared ownership properties being over priced, are these the ones on the open market? the new build SO properties round my way seem if anything, to be discounted, eg Large 3 bed semi for 175K where as similar non SO properties on open market are 200+


Whatever, I'll probably sit tight for another year and see what happens, if there is a crash, even the SO houses will crash.

#171 Carl Henry

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Posted 04 August 2006 - 02:36 PM

Hello all,

I am please to have become part of the House Price Crash community, I am fairly new to forums but enjoy answering questions as I have 28 years of property & general business experience to draw on.

I look forward to an interesting time.

Best wishes to all,

Carl Henry

#172 jethro

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Posted 04 August 2006 - 07:52 PM

Hello,

I've been lurking for a while, reading what people have to say, and it has sunk in! I found myself arguing in work about reasons not to buy, and I was fighting a losing battle. Everyone was saying things like:-

"house prices will go up 50% by 2012"
"prices will never go down"
"the last crash was caused by reccesion, there cannot be another crash"

I gave up arguing. Sometimes I lose hope and start looking at wrongmove, but realise I can't afford anything and have children.
Like Snagger, i live in a dead cheap house to rent, and could buy a rathole in drugville, but why bother?
Even so, no matter how much i save, a family house stays out of reach.

I live, I save, I live in hope....................................................... :huh:

#173 tensecs

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Posted 04 August 2006 - 10:19 PM

Lurking since '04, renting since '04.

I am just as certain of HPC as I was then (and of dotcom bust in 1998) but patient wife wants to decorate our child's room.

looking for a house to grow old in, have put in an offer (17% off original) but that has been rejected.

#174 Guest_Shedfish_*

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Posted 05 August 2006 - 09:04 PM

Hi all

i've found my way here to this prime evolutionary niche via a fruitless and frustrating search for something larger than a shed, at a cost of less than a small island. no intention of speculating / investing... i just want somewhere to live, with a garden i can sit in, and slurp beer away from the CCTVs, traffic, CHAVs, the ex...

i've come to the conclusion too that buying now is madness. basically it's the first time i've ever been in a position close to buying, financially or emotionally. never seen the point... lately i do. but jesus, what a mess. if you think the price earnings graphs are steep, you should see my learning curve :) not yet an amateur economist, but also unlikely to buy a pile of cracks surrounded by bricks, surrounded by crazies, from the first shark i encounter either.

over the last 9 months or so i have been to see something like 40 houses (blind optimism becomes market research). not one would i have considered putting an offer in, to within 80% of the asking price. what a p*sstake.

i feel disposessed. did the Normans write the deeds down on bog roll in felt tip quill, then flush them down the loo? weird that it's taken me to the age of XXX to get this angry. some things should be a basic right imho...

...so i'm saving. i want such a deposit that it makes my mortgage of the 'toytown' kind, rather than 'monopoly' money. my work situation is currently healthy, but will not always be - so i'm basing my plans on the likely scenario, rather than best case method that seems fashionable in the dinner party classes.

punditry amongst the VIs is rife and cynical... i'm so confused. less confused though thanks to the first class research on this site... thank you all!

however i think i'd have to base my 'prediction' (for what it's worth) on just 2 pieces of data -

1) an excellent thread on here mentions this place
- i know it covers the north west only, but that's quite a spread (north staffs, cheshire, manchester..., and probably represents a good sample of rural and urban + suburban england outside the Metropolis. unbelievable results...

2) have uploaded a graph, hopefully it displays. in the history of graphs, have you ever seen one like that before?

i thengyoh
in the process of my house stalking i have actually seen a number of houses go down in increments on WrongMove, in my neighbourhood (mid staffs). an example is one that started at 120k, then down to 115, then 110, then 105.
an offer has been made (which presumably was lower than that...) so something like a 15% reduction. still too expensive, but well on the way!

so i've called off the search for now. more FTBs should do that i reckon... maybe if we could start a FTB rental house share, price the BTLs out, then not buy a thing for 6 months...

i do go on... erm sorry

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#175 Jason

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Posted 05 August 2006 - 09:45 PM

Hello Shedfish! :)

If anyone has any questions, just ask.
House Price changes
NO LONGER UPDATED.

----------------------- Peak ---------- Trough -(% trough fall) - Current - (% from peak) - (% from Trough)
Halifax: -------------- Aug07 199,612 - Apr09 154,490 (-22.60%) - Oct09 165,528 (-17.08%) - (+07.14%)
Nationwide: ----------- Oct07 186,044 - Feb09 147,746 (-20.59%) - Oct09 162,038 (-12.90%) - (+09.67%)
Rightmove: ------------ May08 242,500 - Jan09 213,570 (-11.93%) - Nov09 226,440 (-06.62%) - (+06.03%)
DCLG (formerly ODPM): - Jan08 221,758 - Mar09 187,193 (-15.59%) - Jul09 196,338 (-11.46%) - (+04.89%)
Land Registry (Mth): -- Nov07 186,009 - Apr09 152,803 (-17.85%) - Sep09 158,377 (-14.86%) - (+03.64%)
FT HPI: --------------- Feb08 231,804 - Apr09 199,953 (-13.74%) - Aug09 205,338 (-11.42%) - (+02.69%)
Land Registry (Qtr): -- Q307 230,474 -- Q109 198,939  (-13.68%) - Q209 224,064  (-02.78%) -- (+12.63%)

Topic Link: http://www.housepric...howtopic=127421
Links: Halifax, Nationwide, Rightmove, Land Registry (monthly), Land Registry (Raw data - Quarterly).
____________________________________________

Read what the papers said during the last crash: Here.

#176 bugged bunny

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Posted 05 August 2006 - 11:12 PM

Hi

Been lurking for a few weeks, now hooked, so have signed up. I specified bear in my profile, but I'm something in between bear and bull (please could we have an option for wishy-washy/idunno/in-betweeny/sit on the fency/stagnation scenario?). Am fairly bullish short-term about where I live - bought a couple of years ago - my local housing market is more buoyant than it was 2 years ago.

I currently reckon we're probably at least 18 months away from any potential crash in the housing market. I don't believe a significant crash is inevitable. However, I do feel we're on the verge of a recession. Also I believe that NuLabour have wrecked the economy, in the long term, from what I've read on economics, regarding loss of the UK's manufacturing base and availability of cheap credit.

I've come quite late to economics...it was the last subject I would have chosen to study at school. I was too naive and left-wing and interested in so many more things to have even vaguely entertained the idea of studying it back then..

However, in my current situation, I've decided it's time to educate myself in that area, and I feel I've learnt a lot from this site. I've enjoyed the humour too. :D

Planning to emmigrate to Europe for a whole load of reasons in a couple of years or so, so my only quandry is whether to sell up sooner rather than later. I have a place in mind where I've already learnt the language and love the culture. I guess the answer is to follow my heart.

I feel that HPI is detrimental to quality of life, creativity, freedom and raising children in a nurturing environment. It's widening the gap between rich and poor but making which camp you fall into something of a lottery based mostly on age but also on circumstances for many people. It's one of the most important social issues in this country today.
"Closing in on empty spaces ... Winners laugh too soon ... A paper world with paper faces ... Beneath a paper moon. ... There's a man, a real pacesetter ... Coming after me ... And after him there's someone better ...
And after him there's me." - Human Racing, Nik Kershaw 1984

"Wake up smell the catfood in your bank account" - Don't Let's Start, They Might Be Giants 1990

#177 Lionel Richtea

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Posted 08 August 2006 - 09:45 PM

Any reason why none of my new threads have not appeared?

Happy to not bother if that's what the mods want, but it would be nice to know before I go through the effort of typing a long(ish) new thread.

I thought the "no threads until VIP" crap went out the window months ago.
Once... twice... three times a thread-killer

#178 Jason

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Posted 08 August 2006 - 10:01 PM

You;re still a "new member" so your threads need approving before they appear.
House Price changes
NO LONGER UPDATED.

----------------------- Peak ---------- Trough -(% trough fall) - Current - (% from peak) - (% from Trough)
Halifax: -------------- Aug07 199,612 - Apr09 154,490 (-22.60%) - Oct09 165,528 (-17.08%) - (+07.14%)
Nationwide: ----------- Oct07 186,044 - Feb09 147,746 (-20.59%) - Oct09 162,038 (-12.90%) - (+09.67%)
Rightmove: ------------ May08 242,500 - Jan09 213,570 (-11.93%) - Nov09 226,440 (-06.62%) - (+06.03%)
DCLG (formerly ODPM): - Jan08 221,758 - Mar09 187,193 (-15.59%) - Jul09 196,338 (-11.46%) - (+04.89%)
Land Registry (Mth): -- Nov07 186,009 - Apr09 152,803 (-17.85%) - Sep09 158,377 (-14.86%) - (+03.64%)
FT HPI: --------------- Feb08 231,804 - Apr09 199,953 (-13.74%) - Aug09 205,338 (-11.42%) - (+02.69%)
Land Registry (Qtr): -- Q307 230,474 -- Q109 198,939  (-13.68%) - Q209 224,064  (-02.78%) -- (+12.63%)

Topic Link: http://www.housepric...howtopic=127421
Links: Halifax, Nationwide, Rightmove, Land Registry (monthly), Land Registry (Raw data - Quarterly).
____________________________________________

Read what the papers said during the last crash: Here.

#179 Lionel Richtea

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Posted 09 August 2006 - 08:44 AM

You;re still a "new member" so your threads need approving before they appear.


Clearly they haven't passed muster so far.

What a waste of time.

Tx for the info.
Once... twice... three times a thread-killer

#180 Ian Worthington

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Posted 09 August 2006 - 09:37 AM

Clearly they haven't passed muster so far.

What a waste of time.

Tx for the info.


Unfortunatly there's so much trolling on this site that any posting not fulling in keeping with the opinions of the natives is viewed with great suspicion. Its a great site in many ways but maybe not that welcoming of newbies as it could be. I almost never post for the same reason.

i




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