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House Price Crash Forum


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  1. You are not supposed to notice this. Just go out and buy a £20 DVD player and pretend to be happy.
  2. http://www.rightmove.co.uk/viewdetails-759...pa_n=2&tr_t=buy Seems to be back on the market. Fill yer boots!
  3. At the current rate of upward progress it should hit it by July. And for anyone who wants to take my response seriously, please note that I didn't give a year.
  4. Elizabeth Magpie makes some good points. Seeing what the charts are telling you is a lot easier after the event when everything has happened and nicely stands out for you. Doesn't always work out like that of course. Robert Prechter is an Elliot Waver and he believes the Dow will ultimately go south in a big way. his 1995 prediction was 1000. I don't believe he's moved much on that since. http://www.financialsense.com/editorials/g...n/2001/1203.htm A couple more sites below which may be of interest to you. http://goldennumber.net/ http://www.fibonnaci.com/
  5. Take some time and go to Citizens Advice or found out if your local Council has a tenancy relations officer. At the very least they should be able to put you on the right track of what you can do and your options. http://www.adviceguide.org.uk/n6w/index/fa...h_tenancies.htm
  6. Don't worry, all these new retail and office macjobs will pay enough for people to be able to afford these new builds.
  7. For a while there appears to have been a forth way to make money in Baghdad until recently - property. From an article on Reuters. "Estate agents say a sharp spike in sectarian violence in recent months has driven property prices higher in more peaceful areas of the capital, while prices are dropping in more violent neighbourhoods. The old real estate adage "location, location, location" still applies, but rather than the proximity of schools or transport driving the demand for property, as in most of the world's capitals, in Baghdad it's purely down to safety. Fearful of sectarian reprisals that have killed hundreds, families from the Shi'ite Muslim majority and the Sunni minority are being driven out of mixed neighbourhoods and are seeking refuge in areas where bombs and bullets are less common." And we think our housing market is looking dodgy? "Demand to buy houses used to be strong, particularly shortly after the U.S.-led invasion toppled Saddam Hussein, but as violence has steadily taken its grip on Iraq, few people want to risk buying, insteading looking for short-term rents." Location, location, location, now this gives me an idea where Phil and Kirstie should be sent for their next series. http://www.alertnet.org/thenews/newsdesk/IBO863827.htm
  8. Yes, as if it's not a civil war already in everything but name. Iraq rarely makes the front pages anymore, unless something big happens. Out of sight, out of mind is an old political game. This site gives a better picture. http://icasualties.org/oif/default.aspx
  9. This was initially on at just under 80 grand, recently reduced to 70. Just looked and Rightmove have it listed as Sold STC. There are clearly still people about with more money than sense.
  10. Talking of muppet, can you guess which one is Henk Potts? Muppet Henk Potts
  11. No, not Banbury, but for my sins I work in Oxfordshire. I know many people who work in Oxford, but don't live there. Don't think they can afford to. Either that or they bought outside of Oxford, normally further North and spend hours every day on the motorway to get to work, slowly putting themselves into an early grave so they can afford to pay a mortgage.
  12. Surely the tenants could buy their house from the housing association, or part buy/part rent, just as Council tenants did in the past? Don't know what the arrangement was in this case when the Council sold off it's affordable housing stock, but you can bet your life the tenants won't be offered the properties at 12-14 grand each. http://www.housingcorp.gov.uk/server/show/nav.549
  13. It concerns me that poor Kirsty doesn't seem to have a second brain cell to rub against the one she's borrowed from her mate Phil. She said: "We need first time buyers to keep the housing market buoyant, and we need the housing market to be doing well to keep the economy healthy. These two requirements simply don't go together when the FTB has been priced out by the inflation of everyone's favorite asset bubble, the housing market. Perhaps the tories will give her a job as Housing Minister if they get in, or Chancellor. She couldn't do much worse than that nice Mr Brown. The economic understanding of both is so similar that if Kirsty became Chancellor you would only be able to tell them apart by remembering that Brown was the good looking one.
  14. I do not believe this. Charter Community Housing paid £12,000-£14,000 each and they are in financial trouble? Ok, they bought 3,680, but you try finding a house for less than 140 grand in Oxfordshire. "THE housing association that bought Cherwell's 3,680 council homes for £12,000-£14,000 each two years ago has hit a financial crisis. The chief executive and financial director of Charter Community Housing (CCH) are 'on leave' and three Housing Corporation experts have been sent in to solve its problems." It goes on in almost comical fashion. "Housing Corporation spokesman Naomi Evans said: "The corporation has placed Charter Community Housing under supervision because of concerns about its governance and business planning." And there's more. "Cllr Pat Cartledge (Lab, Ruscote) said: "We keep getting told how brilliant they've been. Now I'm flabbergasted. These people were meant to be the 'experts'. "My concern at the time of the housing sell-off was that this might happen. Social housing should be in the control of the local authority. There were other options. "But instead we were told to flog the homes for £40 million. I hope tenants won't suffer. I shall be looking to see if promises are kept." http://www.banburyguardian.co.uk/ViewArtic...ticleID=1379630
  15. Useful article below, but pure soft commodity funds seem to be rare. There is always the danger that in any bull market many fund managers simply jump on the bandwagon with few having any track record of knowing what they are doing. Just look back at the tech boom 1998-2000 to see how many new funds were set up then to take advantage of a market going parabolic. Most are still 70-90% down in value today from their bubble top price. Also, many a general smaller/growth companies fund got caught out after re-positioning themselves into tech and not getting out because of the heady gains they could show to attract more customers. I get a little weary of any market once a number of new funds to take advantage of it are started up on the back of the bull run. http://business.timesonline.co.uk/article/...2003219,00.html
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