Thursday, Aug 14, 2008
lines for dinner parties
creditcrunch.co.uk: Down trodden first time buyers get social revenge.
Now the sensible people who were not suckered in by programs such as location location location,
have been vindicated by todays (and the past few months) haliwide statistics.
Up to half a decade of pent up emotions being on the receiving end of stick from the unquestioning herd, they
have finally snapped and are preparing their own lines for dinner parties.
- 'You bought a BTL last November? You f***ing dimwit!' -
'You paid £200K for a 2 bedder in central Manchester? You daft c**t!' -
'Seen these Haliwide monthly figures - I bet you're well gutted!'
Posted by mountain goat @ 03:24 PM (1214 views) Add Comment
21 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. layers said...
He who laughs last....
Shouldn't gloat really, but it's hard not to!
2. nopensionnohouse said...
Ha ha! AMEN!!
3. nopensionnohouse said...
My sides are splitting!
4. nopensionnohouse said...
Oooh, not the most flattering photo on the world!! Anyone seen her hat?
5. Quad said...
looks like she has aready eaten it:)
6. jack c said...
"Anyone seen her hat?" - looks like she ate it (and a few more on top)
7. Papabear said...
@nopensionnohouse #3: is that graph inflation-adjusted?
8. mark wadsworth said...
Smuggest of the lot? Those who sold-to-rent last year!
It's totally mad - we're now renting a really nice house with the interest we earn on what we sold our old, also really nice house but in worsening area. Our new house would have to fall in value by 50% from last year's asking price to cost the same to buy as to rent, and that's with a 25% deposit. Madness. In the long run, aren't renting and buying supposed to cost about the same?
9. mark wadsworth said...
Smuggest of the lot? Those who sold-to-rent last year!
It's totally mad - we're now renting a really nice house with the interest we earn on what we sold our old, also really nice house but in worsening area. Our new house would have to fall in value by 50% from last year's asking price to cost the same to buy as to rent, and that's with a 25% deposit. Madness. In the long run, aren't renting and buying supposed to cost about the same?
10. nooneo said...
Wow. Now that's what I call a property (pornstar) bubble.
11. sold out said...
Great photo,Nopensionnohouse
Kirsty is getting so big these days they appear to have fitted wheels to her, but one has fallen off (the rest will be off in 2009).
12. nopensionnohouse said...
Is that a bit of a moustache she has coming there? Meow!
Papaear: No, I don’t think so. The average price is wrong as well but I think it is just meant to illustrate the slope of the graph compared with the last crash!! It’s going to be faster and deeper than the last crash for sure.
I found it here:
http://www.creditcrunch.co.uk/home/index.php
13. angonamo said...
Not sure what the picture of 'Jabba The Hut' has to do with house prices ;-)
14. drewster said...
Come on guys, be nice. It's fair to criticise her economic figures but it's mean to pick on her figure.
Judging by the dress, I'd say she was pregnant when that photo was taken.
15. bystander said...
Agree drewster, she may be a total flake with regards to property expertise and advice, but the woman can't help the way she looks, and although she may not be to everyones taste, I am sure there are many who would find her womanly figure very enticing.
16. str 2007 said...
Come on you lot 15 comments above this one without a mention of spare tyres.
17. str 2007 said...
RE: Graph at 3.
I remember the last recession and speaking for Hampshire there is no way there was a 12% fall.
I distinctly remember the house next door to my parents slling for £120k having been up at about £180k (divorse) and currently would have been about £550-600k at peak.
Also two friends of mone bought a 2 bed flat for £60k which went down to low £40's. There were numerous others but can't remember the exact figures but 20-30% I would say were the last falls.
A neighbour of mine in Marlow, Bucks has told me that the £300k house we currently rent sold for £85k in '92 having been up at about £130k,
So it wasn't just Hampshire. Hali figures bust have been based on Northern areas back then or something because without a doubt the fall was way more than 12%.
18. Luckyjim said...
Are who have been trying to talk the market down for the past five years any better than those trying to talk it up ?
Good luck with the website Zoran.
19. Tenyearstogetmymoneyback said...
Mark at 8.
Thats exactly waht I've thought. Renting should actually be more expensive as the landlord has to cover void periods,
pay people to do maintenace etc.
str2007 at 17
Are the Halifax figures based on sales. I bought (in Hampshire) in 1989 for £65500 (which was off the peak).
By 1995 the best offer I got was £48000 so I stayed put until I got my money back in 1999.
:- Duncan
20. mark wadsworth said...
@ Papabear, no that's not inflation adjusted, the inflation adjusted figure was down about 30% overall (although anecdotal evidence above suggests it was more than 30%)
Nationwide do inflation adjusted figures here.
21. sold out said...
luckyjim@0735pm
Q "Are who have been trying to talk the market down for the past five years any better than those trying to talk it up ?
A Yes
There is a big differance between being a bear as far as property is concerned (and simply pointing out the fact that property does fall in price) and those people that have consistently claimed that property only ever goes up in value and then sickeningly persuaded others to buy without warning them of the possible risks.