Sunday, Apr 05, 2009
HPC gets a mention
Times: The water margin
We put in a low bid for quite a nice house the other day. The agent we dealt with was cross about our low offer and seemed to take it as a personal insult, which was silly. He said he was almost certain that the property slowdown had bottomed out and prices were heading skyward once again. “But I don’t understand. Is there any reason why you won’t offer any more money?”
Lucky he was having the conversation with the old man and not with me, because I would have found it impossible not to cackle, then to point him in the direction of housepricecrash.co.uk, a website with which I have recently become obsessed. Its tone is as one-sided as the name suggests, but I’m rather taken by a chart I have printed out and pinned to my wall...
Posted by little professor @ 03:15 PM (1217 views) Add Comment
9 Comments
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1. Eigeig8 said...
I look forward to reading her articles in the back of the Sunday Times property supplement every week; her comments about estate agents and their behaviour made me laugh out loud at the breakfast table this morning - I had to read them out to my fellow breakfasters, who all agreed with her comments. A voice of common sense every Sunday.
2. gone-to-colombia said...
We have become the paradigm. Where once this site ran like a perverse steam train on a single track in the direction of a behemoth, now we are that juggernaut. There is no individuality in that!
3. drewster said...
@gtc, this site still has purpose. Just look at Merryn's FT article below - she points out that bullish sentiment is returning in some quarters. We need HPC.co.uk to quash these rumours and to expose the bullish charlatans like Assetz!
4. gone-to-colombia said...
Drewster, I agree, it's just that there's more pleasure shouting in the wind.
5. growler said...
@2 Drewster. As Denning once said: the law is an ass
6. Mr Messy said...
house prices have most certainly NOT bottomed out , interest rates will not stay this low for much longer which will put house prices further under pressure, i also feel house prices have not dropped anywhere near the 20% that the land registry are telling us ,and fell they have a lot further to go
7. Mr Messy said...
house prices have bottomed out ???? i dont think so , interest rates will not stay at this low a level for much longer and when they start to rise that will put even more pressure on the housing market. i also think that someone is telling lies as houses near where i live dudley ,west midlands have not fallen anywhere near 20% from peak , that the land registry is telling us, thay still have further to fall
8. titaniccaptain said...
Well done HPC...........as Drewster said this site still has a very serious purpose and alot of people could get hurt if they jump in now......unless we get hyper inflation property is a no go area for along time.....long may HPC answer this call
9. crunchy said...
5. titaniccaptain said..."unless we get hyper inflation property is a no go area for along time."
I hope so! Speculating on property prices surging in value beyond the rate of inflation is equal to betting on whether FTBers will be priced
out of the market.
There is something very wrong about removing the right for a hard working person earning a reasonable salary to own what is after all a
home. I want the entrapment of being forced to finance somebody elses retirement through renting to end and if that means that past
parasites go to the wall then so be it. Rant over for now!