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House Price Crash Forum


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Posts posted by rettah

  1. Taking a long term view a lot of commodities (metals) are actually still very cheap. The price in the 80's was artificially low due in part to the breakdown of the USSR which released large stocks on to the open market. This low price meant mines closed and it was uneconomic to conduct large scale exploration. The price of many metals has not kept pace with inflation (in the long term) and it could easily be argued that they could increase much further.

  2. This kind of ties in with my "lunatics have taken over the asylum" post about fairfield which is just down the road from letchworth. There are some nice houses in letchworth which compared with Welwyn (and the asylum!) still seem to be "reasonably" :lol: priced.

    There is a big redevelopment planned as well: http://www.thenextsteps.co.uk/

    Some of the new builds prices seem to be crazy though


  3. Flats in a block just down the road from me went on sale from new in 2005 and I was astounded at the prices being paid. The block is in a terrible location between sainsburys, a car park that is used as a skate park and the railway line. One flat has been for sale for ages and is now under offer at £184,000 :


    The lowest price paid in this block in 2005 was £250,000


    So the minimum loss in 3 years is £66,000 or about 26% - in an area that has supposedly seen huge increases!

  4. I think tonights could be a cracker. There was a brief sumary in saturdays telegraph that said this:

    Sarah Beeny has her hands full with two sets of first time property developers, each of whom is taking on two properties. One lot wants to squeeze three bedrooms into a a pair of tiny Victorian properties in Wanborough, Wiltshire. The others are undertaking some colossal DIY on two large semis in Christchurch, Dorset. Sarah can’t dispute the ambition involved here, but it doesn’t stop her thinking they are all bonkers.
  5. Nomad, I actually live in North London now and am amazed at the prices of some of the properties. This is a new build just down the road from me:


    How close together are they? There is hardly any garden as well.

    Live_in_hope, I agree with what you say about the arelsey/stotfold area and you can actually get a very nice place in Letchworth for that sort of money.


    There must be over 100 properties for sale at Fairfield at the moment which , to a degree, says it all.

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