TheCountOfNowhere

Has the Titanic quarter sunk ?

It's another Sherlock Holmes monent.

I hope so. in 2008 it collapsed. Asking prices went down about 25% when my wife had her flat so it can go down very quickly !!!

I think that;s the same link twice...I get a for sale each time. at 130K, using historical costs of repayment mortgages, around £600 per month for £100K mortgage, then that place would be borderline.

There are many circumstance when buying is sensible: 1) You are rich. 2) You are a cash buyer and wish to buy and not move again 3) You have just sold you gold you bought in 2005 4) You have a familly and a secure job and can well afford your payments as well as having a wedge put by for a rainy day 5) You pay 70% or less of the 2007 peak price 6) You're a crazy BTL-er who can't see past the end of their nose. Any more ? You might have notice I omitted, person on average wage, putting every penny they've ever saved + borrowed from parents and getting massive mortgage to buy as expensive a house as possible in the hope of making a killing in the next 10 years

Funny, I like your style.

I think the last one is an average house, 4 bed house on an modern soulless estate http://www.rightmove.co.uk/property-for-sale/property-20393016.html and http://www.rightmove.co.uk/property-for-sale/property-32624374.html - £210K and similar nearby: http://www.rightmove.co.uk/property-to-rent/property-21800712.html - £745pcm What's that, about 130K mortgage ? With the smaller house the differential starts to get close, then by the time you get to a flat then you might as well buy as the rents are silly, though you'd be made to pay 100K+ for a flat round northampton. Although, we have stuff like: http://www.rightmove.co.uk/property-for-sale/property-25680385.html - £162,995 or rent: http://www.rightmove.co.uk/property-to-rent/property-36502478.html - £650pcm equivalent mortgage, normally about £110K. ----- http://www.rightmove.co.uk/property-for-sale/property-36608843.html - 89,500 to rent and equivanent one nearby: http://www.rightmove.co.uk/property-to-rent/property-36342350.html - £450pcm so maybe about 70-80K mortgage.

Here's some top end buy/rent examples. Buying makings NO sense: The same, or equivalent houses ( i.e. same size on same street ) http://www.rightmove.co.uk/property-for-sale/property-20006391.html - Guide Price£865,000 http://www.rightmove.co.uk/property-to-rent/property-21654165.html - 2,300pcm - Equivalent of a £400-500K mortgage ------- http://www.rightmove.co.uk/property-for-sale/property-36513518.html - £749,950 http://www.rightmove.co.uk/property-to-rent/property-26717170.html - £2,400pcm Equivalent of a £400-500K mortgage ----------- http://www.rightmove.co.uk/property-for-sale/property-31304389.html?premiumA=true - £265,000 http://www.rightmove.co.uk/property-to-rent/property-36373544.html?premiumA=true - £895pcm Equivalent to a £150-180K mortgage. I could go on all day.... Add in buying selling costs and you can rent something like the last one for 10 years for the price difference....especially with falling rents, which I reckon is a given.

I can't disagree with any of that. Just ask your friends to pay Northants prices and not london prices when they buy I reckon the london effect, if there is such a thing, is keeping the top end houses 20% over valued at present. When london pops though a lot of people will be sitting on a big loss. Sanity will prevail.

Already made the decision that we don't want to live there unless it sold around 450. The road is too noisy for us and not sure about the local schools. It's a nice house but Abington park has some very dodgy areas very near by.

To me, it means, please don't panic now that it's obvious that house prices are not going to recover and kick out your tenants and try and sell at peak 2007 price. When someone tells everyone not to panic, I tend to slip out the back door and panic before everyone else twigs.

I dunno, that's crazy money for a busy main road. As for "Maybe someone moving up here from the south-east"....I think a lot of desperate vendors are waiting/hoping for this. I know of one property that sold at full whack and the agent was amazed, said it was worth 100K less, but someone bought it. ( just think what one could do with 100K ) You must be a right idiot to not pay the local prices though, to buy a house in Northampton at London prices is skewing the whole market for the locals ( as per Cornwall, lake district etc ) and giving false hope to vendors. If someone fro the S.E. is moving hear they should do their research, pay rock bottom local prices and bank the money. If you do your sums using zopla, then this place round the corner, on the park 1 abington Park crescent: http://www.rightmove.co.uk/property-for-sale/property-29042182.html should be worth about the same price as the asking price for this one on the billing road !!!!! 15th Apr 2002 1 Abington Park Crescent, Abington, Northampton NN3 3AD Detached, Freehold, 1 Beds, 1 Baths, 1 Receps - Edit £365,000 Land registry now at early 2004 prices, so in line with the land registry valuation it should be worth about - Zoopla Estimate £545,693 That would push the price of the billing road one right done in my opinion. People buying really need to be on the guard at the moment and start pushing agents for prices at 2004 ( or better still 2002 values ).

Great minds think alike........fools seldom differ

...unless you are a banker

Yes, one to watch though :-)

Got to love the zoopla chap...is he a member here ?

http://www.bbc.co.uk/news/business-16918000 "According to former Malaysian Prime Minister Mahathir Mohamad, the message is simple but devastating: Europe must face up to the new economic reality. "Europe... has lost a lot of money and therefore you must be poor now relative to the past," he reasons in an interview with BBC World Service's Business Daily. "And in Asia we live within our means. So when we are poor, we live as poor people. I think that is a lesson that Europe can learn from Asia."" I would appear non-european countries can easily see europes problem, i.e. they are skint.

Q.E.D.

"A top City trader who lost £17million...." I hate to think what the bottom City traders are like.

Here's one to warm the cockles of a HPCers stony heart: http://www.rightmove.co.uk/property-for-sale/property-16974795.html 05 October 2010 * Initial entry found. ... 20 November 2010 * Price changed: Guide Price £1,375,000 £1,250,000 . ... 12 May 2011 * Price changed: Guide Price £1,250,000 £1,100,000 14 June 2011 * Price changed: Guide Price £1,100,000 £995,000 ... 01 October 2011 * Price changed: Guide Price £975,000 £900,000 28 July 2011 * Price changed: Guide Price £995,000 £975,000 10 January 2012 * Price changed: Guide Price £900,000 £869,000 06 February 2012 * Status changed: from 'Available' to 'Under offer' HOOOORRRRAAAYYYYY 08 February 2012 * Price changed: Guide Price £869,000 £840,000 * Status changed: from 'Under offer' to 'Available' AAAAWWWWWWWWWWWW :angry: That's a £535K drop in asking price...A lesson to anyone buying an top end property.

That was lucky, saved you buying a house :-) I'd personally either tell the EA to FO ( for he is the one selling the house to the other party, or lying to you that there is another party ) or say, "phew, that's a relief I was about to drop my offer 10K and pull out, so I'm glad they have a new buyer". And, remember, NEVER BELIEVE WHAT AN EA TELLS YOU.

Fair points. I've already retracted my statement. I think the system has to change instead. People should not be allowed to borrow more than 3 times their income

http://en.wikipedia.org/wiki/Miquita_Oliver

I went to see the Sherlock holmes movie recently, it was very good. It would appear he is actually alive and well and working for this organisation.

Sounds like a good landlord. I like my LL, he sorts stuff out when I ask him to. Rent's not going up. Happy to have me there as long as I like to stay. if the LL was a ****, I'd move. I'd like to mention neighbours, I have fine neighbours right now, can't fault them. Time before last when I owned a place I had a right d*** for a neighbour, I was glad to move to get away from him. Wish i'd been renting then. I'm sure there are many people stuck with nasty neighbours that wished they'd rented. It's worth every penny in rent not to be stuck somewhere, if that's dead money then I'll happily kill some more