Friday, Mar 02, 2012
House prices could collapse ... anyway
Telegraph: House prices could collapse if thousands of homes become uninsurable and unmortgageable
Aren't riverside properties meant to be 'highly desirable' in the words of the nasal-voiced EA?
Posted by paul @ 09:30 PM (1426 views) Add Comment
9 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. mdmick said...
Yes, if water rises higher than a really really long line of sandbags then people who are not in sight of a river can end up flooded anyway.
The Environment Agency do cool maps where you can search a postcode and see if it can be affected like that.
London has the Thames. The Thames is a river.
Sohis argument holds water.
2. mark wadsworth said...
Quick! Get the taxpayer to pay for flood insurance and to subsidise insurance cover! These people own land so we must give them money!
3. libertas said...
This is part of Agenda 21, where they use planning regulations to restrict areas of human habitation. Agenda21 states that no humans will live near shore-lines. No kidding. And all your national and local government's have signed up to it.
4. stuartking said...
Libertas: "Agenda21 states that no humans will live near shore-lines."
No it doesn't.
What it does do is suggest moves towards 'sustainable' and 'responsible' development - it was signed up to by the party of small government in 1992.. so, nothing new here.
Libertas, you clearly don't worry about facts getting in the way of your spurious arguments on this thread and elsewhere.
5. stillthinking said...
Even if there are unlikely areas that get affected, I find up to a quarter of properties totally unbelievable.
6. mdmick said...
I would imagine that a flood of water can mess up a municipal sewage system - thus making an entire area quite undesirable to live in.
Also, when the flood is over and the flood zone homes go up for sale at a reduced price, the nearby safer houses will be trying to compete for buyers with those peoperties.
So, a property can be affected without actually experiencing lapping water coming through the front door gap.
Plus the hysteria. Foreign buyers fear buying in Area X because of uncertainty over water barrier protection...
7. paul said...
8. paul said...
I think this property is also next to the river.
Look at that bath!
9. icarus said...
'This is good news. It will restrict supply and give a boost to house prices in unaffected areas' an expert said last night.