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TheCountOfNowhere

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Everything posted by TheCountOfNowhere

  1. If I were a betting man I'd probably have gone for those figures too. The RPI going up is great for anyone holding nsandi index linked savings certificates. Though I have noticed this year they have only made one issue ( for both 3 and 5 year ) bonds, they usually have at least 2 !!!!! Me thinks they know the RPI will be staying high.
  2. I think the latest CPI and RPI inflation figures are due out tomorrow. http://www.statistics.gov.uk/cci/nugget.asp?ID=19 "The next publication date is 12 February 2008." They surely have to be going up !!! If not, I will be buying a house.... RPI 4%, they're having a laugh!!! Try 7%+ Does anyone actually believe in the official figures ?
  3. The beauty of a flat ( sorry, executive apartment ) is you can chuck yourself out the window when it all gets too much !!!!
  4. I have the same problem. You can usually guess which property it is by using the post code/area search in rightmove for the new selling price. Not ideal but it usually works. The no chain thing is a good idea, you can move quickly and will be able to negotiate a much better price. You will probably be able to negotiate away your cost of renting for a year just based on the fact you have no chain. I think this week has seem some houses being shifted (if you look on rigthmove and includ sold STC in your searches) but i think the problems with chains will see lots fall through. There is just no money to lend 100% mortgages for the first time buyers at the bottom of the pyramid.
  5. "She recently had it valued and was told that due to the problems is now worth just £175,000." £175K....I think they must mean £75K !!!! Thats a "hand the keys back and walk away" flat if I every seen one !!!
  6. The trouble is that no one really knows what will happen but as you point out by playing the game you can be a fair bit better off. You just have to do what you think is right. Personally I think sentiment has most definitely changed and a day doesnt go by now with me hearing someone talk about the house prices dropping. Saying that it does look like a few houses round Northampton are starting to shift, but ive heard of several people having sold then their buyers pull out and/or the chain collapses.
  7. Looks like it's sold before going to auction. The next bagshaws auction is 19th March
  8. An update from propertysnake. According to propertysnake, 355 houses in northamptonshire reduce in price as of today !!!!! This is my favourite: http://www.propertysnake.co.uk/site/detail/9625452 and the same place on rightmove http://www.rightmove.co.uk/viewdetails-189...=7&tr_t=buy Dropped 25%, from £155K to £115K sold straight away . If 3 bed semis are selling for 115K now how the hell are they going to sell a 2 bed flat for 180K !!!! like: http://www.rightmove.co.uk/viewdetails-181...=4&tr_t=buy or http://www.rightmove.co.uk/viewdetails-987...=4&tr_t=buy No one in their right mind would buy an apartment in Northampton at that price !!!! Northampton is toast !!!
  9. Check this place out: http://www.rightmove.co.uk/viewdetails-189...=7&tr_t=buy According to propertysnake it was dropped: 07 Nov 2007 First day listed (price £154,950) 09 Dec 2007 Price changed from £154,950 to £144,950 08 Feb 2008 Price changed from £144,950 to £115,000 It's been sold straight away at 115K. Thats probably a good price for that place....now tell me how do they expect to sell 2 bed flats for 180K when you can get a 3 bed semi for 115K ?????? According to propertysnake, 355 houses reduce in price as of today !!!!! It was 334 yesterday !!!!! Northampton really is toast
  10. Yes, if you want to stay up the nelson mandela estate where I am lodging. We have some great ex-council houses at , or around the £1m mark. By £1m do you mean, £1mmmmacdonalds, that might seem a lot to someone in the east midlands now!!!! Seriously, if you have that sort of cash, movesome where affluent where your children stand a chance of a good education and no inbreeding program.
  11. more bad news for Northampton: http://www.northamptonchron.co.uk/news/Ano...s-to.3761900.jp And this count of nowhere bloke somehow managed to get a dig in about house prices and the 334 reductions this week even though the article is about 100 job losses. He's not helping matters bringing such bad news to the masses !!!!
  12. Just looked on Property snake at Northamptonshire today. As of today there are 33.4 pages, I repeat 33.4 pages, of reductions !!!!! I saw a peak of 19 pages in January !!! Looks like people are starting to realise !!! Panic will start to set in soon, if it hasnt already.
  13. "£995 pcm 5 bedroom detached " That says to me the actual "real" value of the house is approx £150-170K Why would you buy something for 400K that you can rent for 1000K pcm, the 400K mortgage would be 2500K per month. The 1500K difference PCM. if you saved that in a high interest account every year you'd get 856K return in 25 years !!!
  14. The vote is "Do you think we're on the verge of a house price crash? " I assume the 20% voting "no" are voting because we are no longer on the verge but are actually in it
  15. I hate to spoil the party but if you look at the barnard marcus result summary, it looks like this has been a successful auction compared to the previous auctions listed: Lots offer: 250 Sold: 74% Total Raised: £31,103,600 Average selling price=£168127 Previous best averages were £168468 was 19 Sept 2007 and £179555 on 26 July 2007 Does possibly show a drop of 7% from last July but not much change from last Sept. Anyone want to comment on this or do some analysis on the results ?
  16. I was watching that one too...what happened to the HPI over the last 6 years !!! The other owners in those shoe boxes will be sh*ting themselves now !!!
  17. The germans have a great word for this "Schadenfreude": http://en.wikipedia.org/wiki/Schadenfreude "Schadenfreude is a German word meaning 'pleasure taken from someone else's misfortune'" Funnily enough, ive heard it 3 times in the space of a week !!!! Must be something afoot.
  18. That's dirt cheap for round that area. Round there they have been selling for £130-140K !!!!!! Still over-priced though, should be around £80-90K On the same road, 3 bed-semi advertised on rightmove at £175K !!!!! http://www.rightmove.co.uk/viewdetails-166...=1&tr_t=buy Looks a bit nicer but 65K less is a LOT !!!!! ( excuse the pun ) Still a positive HPC result me thinks.
  19. Having over 200K doesnt make you rich !!!! That wouldnt even buy you a garage in Chelsea !!!
  20. Has anyone got a feel for %lots sold against %lots unsold ?
  21. Hi. I totally agree with you on wootton, Grange park is the same and Upton it has to be said is a ridiculous. The only reason I can see for people paying such ridiculous prices to live on the new estates is for the schools. Maybe they are good in Wootton ? I've heard the government is changing all this soon though so people buying there wont be guaranteed a school place there !!!! Watch the prices tumble then!!!! I've noticed this new build phenomina also. The developers have been conning people into paying more and more for a new built even though,as you say, prices in Northampton havent really risen in 3 years !!! They will have to return to some level of normality as no one seems to be buying them. Ive viewed a couple and had to laugh at a) the size and the price. Regarding your move, here's my opinion, for what it's worth...If you are trading up the housing ladder by 50K say, then you might save 10-20K in 2/3 yars by hanging on for the crash. Not a massive amount to win or loose really in the grand scheme of things. So if you like where you're trading up to then go for it. Some people in Northampton have now realised the prices are dropping and they cant sell so if you negotiate hard then you will get a good deal. As they keep saying on this site, when you put an offer in then if you're not embarrassed by how low it is then it's too high :-) Whether or not SaleToRent is for you depends wholely on your circumstance and how much you can like a gamble. I've done it and Im very happy with my circumstances at the moment, but it's not for everyone. Good luck with the move and welcome to the Northampton thread. :-)
  22. Lets hope not...though I took my 35K out of there last friday, just be to on the safe side. Sometimes best to get a head start on the rest of the runners.
  23. Here's a good one for you, I said months ago the Upton development was going to be the worse place to buy a new build in Northampton. Now: http://www.northamptonchron.co.uk/news/Hou...oper.3752240.jp "The future of a new village has been put in jeopardy, after a developer pulled out because of the state of Britain's deteriorating housing market. A new developer must now be found to build homes and shops on part of the Upton development, in which Prince Charles has taken a special interest, after both the developer and the site's underbidder opted not to build on the site." The houses on that estate will be worth 50% of their new build selling price in 2 years time. Its ridiculously overpriced. Also, more bad news "184 Avon (in Corby) jobs to be axed": http://www.northamptonchron.co.uk/news/184...o-be.3754404.jp
  24. Excellent news. Inflation is now not being controlled so expect rate rises from here on in !!!
  25. Lot 42: Sold £12,000 A house in mid-glamorgan: 74 Blean-y-Cwm Ter, Treherbert, MId Glamorgan, CF42 Looks like a block ot terraced houses. The closet land registry sale I can see is: 26 Oct 2007 80 Blaen Y Cwm Terrace, Treherbert, Treorchy,Rhondda Cynon Taff CF42 5NE Terraced Freehold £69,000 So 12 K might be a bargain. Bidding started at 8 K Gotta laugh
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