CynicAl

I am slack-jawed looking at that. I would love to meet someone who had spent £389k on a '1 bed apartment' and ask just why they decided that they wanted to condemn themselves to such a thing. Is living in London so good that you have to suffer that sort of existence? And that's not sarcasm, do some people find the opportunities so irresistable that they are willing to put up with this for the future benefits?

Yup, that's the one, inspired isn't it? They are onto their 3rd agent!

Look at the pound for the last month against just about any other currency in the world though, e.g. AU$ and SE Asian currencies. Not pretty.

I'd go for that, and not only because I know enough people who are lazy sods because of what 'Daddy' did. A bloke I know at work, when questioned as to whether he thought that the HPI he loves so much was good for his children, retorted that his kids would have half the value of the big house he owned (he was conveniently forgetting that he lives there) when they come to buy property. Obviously the concept of collective responsibility in a society is lost on him. I suppose he thinks that if you are unfortunate to be born to poor parents then home ownership shouldn't be something you should hope for.

I'm tempted to go and view the higher priced one just to ask why they are expecting >£20k more than the other guy. Southerly aspects?

Spot the difference. Which one will sell first? Hmmn. http://www.rightmove.co.uk/property-for-sa...%3D101%26y%3D20 or http://www.rightmove.co.uk/property-for-sa...%3D101%26y%3D20 Now, both of these affect the Rightmove asking price index.

I cycle and as almost all cycles and equipment are imported, we have been hit hard. 25% -35% price increases across the board. It's not funny. I have to cycle more to save money on petrol to redress the balance. My personal level of inflation has been about 8% in the last year. When do you think the airlines will take off the massive fuel surcharges that they put on last year? Oil price is back down to 2005 level or thereabouts!

EH11 in Edinburgh Q2 bought for £183k 06/06/03, sold for £250k 17/09/07, Nationwide suggested that it would have been worth £328k. So Nationwide overestimated it's value by 31% at that time. Not so accurate in this example.

http://www.channel4.com/news/articles/busi...r+rates/3033592 Up again, 0.3%.

Where has he found a BTL tracker offering 2.9%? That astounds me.

Trying to sell a flat on Housepricecrash.co.uk? Eek! Irony overload.....tilt.....!

Yes, he built it to live in as his planning permission would not let him sell it on. The house was a delight to behold.

Talking to a guy at work who has just sold a house (for the same price he bought at in June 2006), he told me that RE/MAX wanted to put his on at about £15k more than he got for his. When he asked the agent about how many she had sold recently, she confessed to not having made a sale since October. His house is a lot nicer than comparably sized houses on for £10k - £15k more. He did sell very quickly though, so someone thought that they were getting a bargain.

The sellers have enlisted Re/Max who have taken the laughably interesting approach of putting the price up £30k. Now, if something is not selling for o/o £169k how can you be so stupid as to be persauded that it will sell at o/o £199k? http://www.rightmove.co.uk/property-for-sa...xPrice%3D200000

True enough, I am just worried that it's a Genie out of a bottle....

I was thinking about the reversal that QE may bring on. Of course, some think that in order to suck the money from the system in c18 months that interest rates will have to rise pretty dramatically. That'll cripple the housing market in a different way..... Sometimes I think that I should have stuck with Economics at Uni, but the rest of the time I think that I would have bought into received wisdom on subjects which appear to be insufficient at this time. Getting out of this crisis is like trying to untie the Gordion knot. sp.

Sorry, is everyone bored of talking about house prices now?

In light of the imminent QE, how much of the crash will now be a nominal drop and how much will be an erosion in real price? And when would be just as well buying a house (while our deposits are still worth something) and letting inflation take it's course? Circumstances meant am I only now in a position to ditch Sterling......

Because your mortgage is an asset that will be sold on as such in order to pay the banks creditors.

Yes, as you say, prudent, they shouldn't be paying dividends at this time, they can't afford it. I get the feeling though that the preference share route was politically expedient to sweeten the pill at the time. Fewer people called for the bankers to be lined up against the wall and shot! ;-) I wonder how the red-tops will react to this?

Seems to me that the capitalisation was initially given based on the concept that the government (taxpayers) would get some money for providing this loan (the £600m in dividends per year) from the preference shares. Now, we will have ordinary shares (therefore potentially no dividends) so the big cash injection gets no interest. Great eh? And potentially the share price will fall to effectively zero! Cue government giving RBS to some institution for a pound in the future... Possible? Hmmn.

Okay, so the institution is receiving a fee for lending out the shares, but this fee must be a lot lower than the shorter expects the shorted stock to fall or there would be no benefit to doing it. Now, is it just a case of risk versus reward for the lender, or is the fee there effectively to hedge losses that the lender already expects? Explanations in words of two syllables or less much appreciated..... Thanks

Something like this? http://www.rightmove.co.uk/property-for-sa...0&minBeds=3 I would be surprised if it goes to £30k, but £40k might be possible. Look at 2000-1 prices I'd say.

I'm sorry, why is it unreasonable for someone to expect to be able to do their job safely without fear of attack? And Kingsgate, are you seriously advocating physical violence against someone who gives out parking fines? If the 'good' burghers of Sheffield think it is reasonable to allow traffic wardens to be attacked then we should fence the place off.

Bother is that the change from Offers Over to Fixed Price makes it look like asking prices are rising. In reality, most sellers would have been expecting a 10-15% premium over the o/o price last October, so a 2% rise in detached asking prices really reprsents something like a 10% drop in sellers expectations, and that is before you offer below the fixed! Now that so many prices are fixed I would expect to see the asking prices slipping quite dramatically.