bearly holding up
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Posts posted by bearly holding up
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A Muslim friend of mine was telling me recently that he wanted to marry a second wife but that his wife would not let him!
Most men can't even cope with one woman never mind two!There is also the issue of potentially providing for two sets of kids has well-more expense!
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Read today from one of the daily bank reports they expect 0.25% for each meeting between now and the end of the year bar 1 meeting. Rates to be 4% by year end.
Sorry to be thick-but what does this mean for us, apart from more pressure for BoE to raise rates?
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These look like fairly standard job losses to me, something that is just part of the ebb and flow of a normal economy, not one about to sink into a recession. how can 120 jobs going at Danso mean depression?
It is ironically an unhealthy sign if this is not happenning - it means govt. is propping up unprofitable businesses or the economy is in such a boom that even the weakest can survive, until a recession follows.
As someone posted earlier, there is a danger of spinning every bit of news out of all proportion. This looks like it to me. You eventually won't see the wood for the trees.
Don't want to spoil the party though.
Agreed,what about the news of 02 creating 1500 new jobs?Sorry don't know how to post the link.I think it is appropriate to post about job losses ,but at the same time we should also include new jobs created- this way we will get a more balanced picture of what is happening!
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ImupNorth,I was feeling similar to you recently.I previously posted that nothing much was shifting in my area.However sine then I have seen signs of movement-mostly at the bottom end ,but also some at the top.On checking EA websites,some properties have sold,but compared to this time last year , little.On my journey home from work,all the houses in my town display a 'Sold' sign,they are all at bottom end of market & sold quickly.I also (only today) heard of a 4 bed extended semi going for full asking price within a week.
Having said this ,recently I visited a friend who lives more towards the Manchester side(approx 25 minns drive from me) and did not spot a single sold sign in the Rossendale area.From this I concluded that it would take abit longer for the slow down to reach my area,which is less desirable & cheaper than Rossendale is perceived to be.So I think alot of the above posters are right ,the slow down will happen in our areas,but it will take longer.
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well done david. im in the same boat. im super keen to buy, but im biting my lip. i simply dont want to get cheated by 50% and i wont do it.
i see lots of houses i could afford right now, but i always think.
if i wait 6 more months i can have that house for 1/2 price or double the house for the same.
only an utter fool would buy right now.
Ican't imagine prices will fall by 50% in 6 months-unless we have complete economic meltdown.
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Looking at the BBC page on the link, I find it hard to believe average wage for Hynburn area listed in lowest paid areas- it still seems to high has average wage for this area.Burnley & Nelson wages are still lower!
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I was expecting a spring bounce around here-there are not many for sale signs around.However looking at estate agents websites nothing much is shifting-little is under offer.Supply is definitely increasing.Maybe I should have posted this under North-West but that is such a big area with many variations!A site of new builds has recently added stamp-duty and carpets paid for in their deal.
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I was expecting a spring bounce around here-there are not many for sale signs around.However looking at estate agents websites nothing much is shifting-little is under offer.Supply is definitely increasing.Maybe I should have posted this
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This EA may well want to market below current market value has part of this offer.There was a similar offer around here sometime ago by a newly set up EA.The EA basically gives 2 valuations , one for selling in guaranteed fixed period(substantially lower) and one for conventional sale(higher|).
Incidentally there is a firm advertising £99 to sell your property in the Blaskburn LPS this week, but there is no time limit or guarantee to sell.Also flicking thro' the supplement little seems to be selling.
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I had noticed this approx 2 months ago,that propetry at the lower nd was selling((East Lancs) but none at top end.However in the last months I have seen afew properties go SSTC from 200K-400K price band-Johnny Law.
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Completely agree with Mercenal.Approx 18 months ago if you went into an estate agents there were always another ( on average 4 other )customers present.You had to queue to see an assistant.Also you were very hard pressed to find a property that was not under offer. Infact I remember asking if that was all they had on a number of occasions(honestly I am not making this up).The phones were constantly buzzing and I personelly remember an EA asking a potential vendor 'how much they wanted to achieve in terms of asking price' in Reeds Rains.At that particular time I remember thinking this is madness and surely it can't last(this was before I discovered this site or any like minded people).Vendors were doing mutiple viewings and if you missed the soonest appointment they could give you then you lost out on purchase of the house(again talking from personel experience.
Contrast this to just before Christmas 2004 when, they was nobody else in any of EA's I visited and the phones did not ring at all.If you wanted an appointment it was when and how you wanted.I couldn't get over the difference from 6 monthe ago ,it seemed like another world.Now if you ring about a property more than once they remember you by name-possibly due to lack of activity?
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7 page article roughly saying few buyers,unrealistic asking prices and estate agents in financial trouble, if things don't pick up.Most bearish report I've seen on Ch4 teletext.Remember not to long ago headlines like 'Houseprices back on the Boil'.Apologies if this has been posted before.
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Do you have tangible evidence of this?
Sorry can't say I have,but its in an area that my hubby is very familar with and knows some of the people living there.Can only go by what he told me.
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Actually BL, Right-To-Buy converted vast swathes of housing stock from the public sector to the private sector. This increased supply of housing in the private sector, which in turn decreases prices. So RTB should have acted to reduce private sector house prices, not increase them. Perhaps today's housing bubble would be even worse if there had been no RTB.
Actually I know of various counciltenants that bought there council properties for has cheaply has 9-12K and then sold them on last year for between 60-70K!Ludicrous.My hubby was actually telling me of people, that had somehow fiddled the system and bought mutiple council properties for next to nothing.
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Its true, most people you speak to seem to think property is a one way bet ,be it family ,friends or work colleagues.I generally keep quiet and say that time will tell.
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Nice find zzg113,kind of confirms what many are saying on HPC site.
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ok. clothes, shoes AND make up.
and dancing around handbags at wedding receptions.
Nope wrong there,don't own any make-up(unless miosturising cream can be counted in that),and only have one hand-bag.
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I agree with the point which most people have made.Offering 115K has soon has the property went up,has probably made the vendors confident they can get more.
I think it depends on how you feel.If this is your ideal property and you would be gutted if it sold to some one else then you have to make the decision has wether to offer more to secure the sale.However if you could take it or leave it ,then you probably are better of waiting.At the end of the day it has to be a decision that you are happy with ,no matter what everyone else advises.It probably makes it a bit harder if this is the only property on the road for sale because the vendors have no one else as competition.
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Not all women are obsessed with shopping and money.
I'm not financially driven at all. Hell, I wouldn't have become a scientist if I was interested in having any money...
Ursa Minor
Seconded by me Ursa Minor.I am saving has much has possible for deposit for a house.I actually prefer to have one pair of shoes at a time,because I never get round to wearing any different pair.I think that the female members on this website(although a minority) are a testimony to that fact that not all women are interested in shoes and clothes only!
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Cmopletely agree with you Right freds dead.I am from the same area has you-east lancs.I didn't know wages were that low however.Can't believe prices in relation to local earnings.Blackburn seems to be more expensive than Darwen though. Not sure what the reason for that is.However things still seem to be selling.I've actually seen afew propreties over 200K either sold or go under offer-the first in a number of months.One particular house in Darwen which did not sell for 210K,was advertised for £795 per calender month(luxury type) and went under offer for rent in a day of being advertised.
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Thanks Pakard, I think I understand it better now.
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I am tracking around 1200+ properties in Crawley and I am going to give you a big, big . All of you wanted a proof. Now U can have it. Here is a graph! House prices from £250,000 to £350,000 price range for the last 16 weeks (from 01.11.04).
Maybe I'm being thick, but I don't really understand this graph Packard mate!
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Latest Crown Heights bail-out:
http://www.fastcropit.com/sisogr/html/temp...d=siba999001894
As advertised in Wednesday's "Basingstoke Extra" freebie newspaper.
£165k guide price - that's £65k off the original asking price. Again, applying the 90% rule in place at the moment, that's a realistic selling price of £148,500 - £81500 off the original price.
I'd be seriously miserable if I'd made an investment like that
Can't wait for these kind of reductions up North.
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Right Freds Dead,you mentioned you are looking to buy in Accrington. Where abouts? Do you mean Accrington near Blackburn?
Small Anecdote
in House prices and the economy
Posted
Just a small anecdote that put me in a good mood last night.On the road I live on,one particular house went up for sale(I would guess about si months ago),for 225K.I thought it was quite overpriced at the time.Surprise ,surprise it hasn'nt sold, infact a couple of times the for sale sign has dissapeared and then reappeared- with the same agent.Recently it has been reduced by 5K.
Anyway in this week, the next door neighbours has also gone up for sale-identical house, with a different EA, I thought it might be 5K less,or the same price,however its for192.5K! Brought a smile to my face.