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House Price Crash Forum

BROF

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Everything posted by BROF

  1. http://www.telegraph.co.uk/money/main.jhtm.../bcnhsbc208.xml "In our view house prices have moved significantly away from 'fundamentals'. Price declines in the region of 10pc this year cannot be ruled out." Tiiiiiimmbbbeeeeerrrrrrrrr!
  2. This info is from the Nationwide release of 3rd April unless I'm missing something. See the report again here: http://www.nationwide.co.uk/hpi/historical/Q1_2008.pdf
  3. Scaring the hell out of a potential first time buyer
  4. http://news.bbc.co.uk/1/hi/business/7101867.stm 2 brokers receive slap on the wrist and 42k in fines. ".....the FSA said it had found examples of people being offered home loans they might not be able to afford." I don't know whether to laugh or cry
  5. Can't speak for Denmark but I would certainly recommend Sweden as a place to live. Society here is less subject to the inequalities of wealth that seem to have arisen in the UK over the last decade or longer. Yes prices have rocketed in many of the main cities, but it is still a place where you can pick up a 5 bed detached house with land for anything upwards of 25k in the more remote parts of the country. There are some real bargains here if you can adapt to the harsh climate. In the big cities its a different story though. HPI fever has been rampant over the past 5 years but is still nothing compared to London standards.
  6. Another country feeling the pinch? Sweden posts 3% quarterly drop after 21% yoy gains. http://www.thelocal.se/9038/20071108/
  7. http://www.telegraph.co.uk/money/main.jhtm.../bcngold115.xml "The era of 'peak gold' has arrived. Try as they might, miners cannot find enough ore at viable costs to replace their fast-depleting reserves, even if they dig miles into the centre of the earth"
  8. Love the photos of champagne glasses in the kitchen x32 average earnings? bloody bargain that
  9. ok. noone else is biting. go on then....whats the theory??
  10. Thanks for the replies y'all. Every little helps.......
  11. sorry if this has already been asked but could someone clarify something that confuses me. The consensus appears to be that the USD will devalue in the forseeable future. If I was to buy gold, assume I wanted any profits (fingers crossed) when sold to be exchanged to a currency other than the USD. Even if I have made a profit in USD then if the USD has tanked I could potentially face a loss via the exchange rate devaluation into another currency. Have I misunderstood something?
  12. Every now and then, listen to the 'nutters' and try to imagine what it meant for you if they were right. Every now and then??? Every visit to this site involves listening to nutters and imagining what it means to me if they are right......isn't that the whole point?
  13. Does such an area exist in England anymore? If it does I'm willing to pay x6 salary to live there
  14. Have been watching the North/West Yorkshire border market closely for a while and it has been completely dead for 9 months or so. It seems that there is a standoff between buyers and sellers....asking prices are refusing to budge and nobody is willing to buy. Somethings got to give soon
  15. Purely anecdotal: I'm in the process of selling a 3 bed semi due to bereavement in the family. First offer came in after only 5 days on the market, 5k under asking price. Was ready to accept when 3 subsequent offers came in ....all in cash.... ....the best being 2k over asking price. This is in South Yorkshire, not central London. Not wanting to put a dampener on proceedings here but it seems that the HPI monster is not completely dead, yet.
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