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House Price Crash Forum

rettah

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Everything posted by rettah

  1. Not with an 8% budget deficit we're not. Or are they going to bend the rules again.
  2. It's not debt but working capital. Most companies need working capital which is usually financed from short term loans or overdraft facilities. Debt tends to be a long term loan. If the company made nothing it would have no debts.
  3. FFS, suing because the flats were "overvalued by the surveyor". How idiotic are these people, why can't they take any responsibility for their actions. :angry: :angry: :angry:
  4. Just about to start. Edit; Nationwide, not just london area.
  5. They should, but all the main indices of HPI (HPC) do not include auction sales. (Please correct me if I'm wrong)
  6. That's the blunder of wallys..........
  7. I wouldn't want to shelter from a bomb in there, looks more like a shed!!
  8. Anything in particular wrong with it (other than price!) These ones: http://www.rightmove.co.uk/viewdetails-103...p;mam_disp=true seem to be dropping like a stone. People were asking £200k for them a year or so ago.
  9. The house price chart they put up was a load of rubbish and contradicted what phil was advising his clients. The graph showed general price falls of around 5% in a year and then Phil told his clients that prices in their area had fallen buy 10% in a few months. Quite ridiculous.
  10. The govt doesn't own the deposit side of B&B though. This was picked up by santander in the fire sale.
  11. I started reading it but got sidetracked by the article on lap dancing clubs that appear to be doing very well. Seriously though, how difficult can it be for the FSA to look into these dodgy brokers? Surely the banks must be doing away with these middle men who are just salesmen and motivated by the same greed that has caused the current financial mess.
  12. Sorry to here this. I'm a structural engineer so in the same boat. Certainly work is getting thinner with everyone trying to chase local authority and education work (Fortunately this is the sector I'm working in). As you say the commercial sector is dead and retail is not looking great either. One big concern I have is that the dredit cruch could have a hugely negative influence on new PFI projects that employ a large number of people in the industry and has been one of the boom areas over the last few years. Fortunately the middle east still seems to be booming.......
  13. £185k does not strike me as rock bottom yet for hatfield. I've been looking at prices in welwyn/hertford area for a while and noticed this one added to rightmove today: http://www.rightmove.co.uk/viewdetails-237...p;mam_disp=true Seems reasonable value to me as 2 bed terraces in the area were going for nearly this last year. I guess you could probably knock at least another £20k off that price as well.
  14. Very interesting on the cost front for selling. If Tesco ever gets its home sales site off the ground it would be curtains for a lot of estate agents. At least now estate agents are having to do some work for their commision rather than just plucking a name of a list.
  15. Good for you. Where was the flat if you don't mind me asking? Was it one of the new build blocks that have gone up in the last 10 years? I remember looking at a flat in St A (in the maltings I think) about 10 years ago and it was tiny for the money. I couldn't believe the prices that people were paying in the new build blocks a couple of years ago and can't see any reason for them not to come down to around the £200k mark. Edit - PS. in terms of the press you have to take the rough with the smooth as it was them who were responsible for talking prices up in the first place.........them and gordon brown.
  16. So with the economy now heading for deep recession and unemployment set to rise to over 2 million she seems to be saying that things can only get worse. Much worse.
  17. If you take the L out he sounds like a turkey!!
  18. Global,Global,Global,Global,Global,Global,Global,Global,Global Global,Global,Global,Global,Global,Global,Global,Global,Global Global,Global,Global,Global,Global,Global,Global,Global,Global Global,Global,Global,Global,Global,Global,Global,Global,Global Global,Global,Global,Global,Global,Global,Global,Global,Global Global,Global,Global,Global,Global,Global,Global,Global,Global Global,Global,Global,Global,Global,Global,Global,Global,Global Global,Global,Global,Global,Global,Global,Global,Global,Global
  19. How on earth could anyone possibly hope to make this stick. Absolutely stupid.
  20. Sounds about right........if you said your income was £60,000.
  21. This is just round the corner from me. According to nethousprices this sold for £330,000 in dec 2005 so a nice loss of £139,000. £191,000 is probably on the money for the market at the moment but will be making a loss in a few months. This really is an ugly building.
  22. Interesting. A friend of mine, who has a BTL (That costs them money), has recently taken in a lodger. Perhaps this is what's happening. The BTL brigade digging their own graves.
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