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House Price Crash Forum

Ked

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    The Land of the Blind
  1. The Bournemouth Community Centre for the Arts was commissioned by the poet Sir Percy Shelly in 1878 as a lasting gift to the children of Bournemouth. The local Tory council have pushed through plans to demolish it to, and I quote: "allow first time buyers to gain a foot on the housing ladder.”. The local occupy group have moved in, for better or worse, in an attempt to delay the proceedings but I can't see much hope in it being saved. Bournemouth Council seems to have an obsession with embarking on speculative new build housing ventures, often at the expense of the towns Victorian heritage. There are hundreds of 2 bed flats that just won't sell in the area, including the lions share of the abortive Barrats development on the seafront. It's really quite sad. http://uptospeednews.co.uk/news/bournemouth/boscombe-arts-centre-opens-to-creative-kids/ http://www.bournemouth.gov.uk/NewsEvents/SpotlightFeatures/BCCA-site---update.aspx
  2. FUBARnoc should be using a highly available storage server / SAN really, otherwise they have created a massive single point of failure for everything in their vcluster. SAN backed "cloud" style services are very prone to this kind of failure.
  3. The story line of Accelerando, a recommended read for those interested in this subject: http://www.amazon.co.uk/Accelerando-Charles-Stross/dp/1841493899/ref=sr_1_1?s=books&ie=UTF8&qid=1317379328&sr=1-1
  4. There seems to be little mainstream media coverage on the financial collapse going on in Korea at the moment. Eight banks closed already and more to come by the looks of it: More google news Domin Bank, a savings bank with a capital adequacy ratio below 5 percent, voluntarily decided yesterday to suspend its operations temporarily because of massive withdrawals, becoming the country’s eighth savings bank to close. The decision took both depositors and financial regulators by surprise since it was the first time that a local bank shut its doors on its own. Domin Bank, which has six branches in Gangwon, was placed on a watch list last week by the Financial Services Commission. The move triggered a bank run on Domin Bank. According to Domin Bank, deposits amounting 31.8 billion won ($28.2 million) were withdrawn since last Thursday, including 18.8 billion won on Monday. <!-- insert mushroom cloud image here -->
  5. The reef looks like it's working in these pics: http://www.facebook.com/album.php?aid=24276&id=135927623111632 It's all too easy to be negative about these things...
  6. From the Torygraph: http://www.telegraph.co.uk/finance/economics/houseprices/7442568/House-prices-on-verge-of-double-dip.html House prices look poised to fall again after a flood of sellers wiped out the seasonal boost usually provided by spring househunters. By Angela Monaghan and Richard Alleyne Published: 12:01AM GMT 15 Mar 2010 Prices rose just 0.1 per cent, the weakest growth in the month of March for at least eight years. The news has raised fears that the market could be following a "double dip" pattern after last year's recovery. The housing website Rightmove said the £216 rise in average asking prices in England and Wales was the lowest it had ever recorded for the month and compared with an average jump of 1.3 per cent in March. The group attributed the low figure to a surge in the number of people putting their property up for sale. The number of properties on the market jumped by 17.5 per cent compared with the previous month and 34 per cent compared with the same period of 2009. It is the highest level for 18 months. “We still think house prices are overvalued ... at some point or other house prices have got to adjust,” said Ray Barrell, senior research fellow at The National Institute for Economic and Social Research. Rightmove said the steep increase in competition among sellers had given people less opportunity to increase their asking prices. A mismatch between supply and demand has been a key factor in supporting the house price recovery, but many economists expect prices to resume their downward trend as more homes are put up for sale. “We expect house prices to fall further,” economists at Capital Economics, the independent consultancy, said. Even in very weak markets, prices traditional drop before Christmas and then rise again in Spring. Economists predict that despite a return to economic growth, unemployment in Britain will remain high, wage growth will remain subdued, interest rates may rise and supply could start outstripping demand. All of these factors are likely to bear down on prices over the course of the year. Both Nationwide and Halifax have already reported house price falls in February. Nationwide said average prices dipped 1 per cent to £161,320, ending a run of nine consecutive monthly rises. Halifax reported an even sharper fall of 1.5 per cent, with average house prices dropping to £166, 857.
  7. Indeed. What would be even better is if they converted some of those lovely old victorian buildings back in to family homes again - a man can dream ...
  8. Allsop seem to handle a fair few Bournemouth properties. They have 10 in their upcoming auction later this month: 331 Investment Flat Bournemouth £50,000 - £60,000 299 Investment Freehold House Bournemouth £65,000 - £75,000 282 Investment Flat Bournemouth £85,000 - £95,000 291 Investment Freehold House Bournemouth £250,000 - £275,000 262 Investment Flat Bournemouth £75,000+ 263 Investment Flat Bournemouth £75,000+ 264 Investment Flat Bournemouth £75,000+ 265 Investment Flat Bournemouth £125,000+ 266 Investment Flat Bournemouth £125,000+ http://www.auction.co.uk/residential/onlinecatalogue.asp?S=C&O=A As Juvenal says though, the auction is held in London
  9. If you go to the satalite view, the house is on the opposite side of the road and one to the right of the pin - the left half of the semi (as viewed from the air). No 51 I think. Charminster has traditionally been considered a student area, although this has changed a lot over the lasts 10 years. Mainly due to the university building several high rise halls of residence in the Town centre, this has caused a massive drop in the student let market round here. This end of the street is all families and actually quite a nice community.
  10. I used to live in Rickmansworth as it happens. I now live in Charminster and regularly drive back up to Ricky to see family and friends. It rarely takes more than 1.5 hours, sometimes much less as it's motorway all the way. I love Charminster. You can still get a Victorian semi for less than 200k in parts. My house is 20 minutes walk from the beach (boscombe) & same to the town centre. It's a 5 minute walk to Charminster Road where there are lots of international bars / cafes / restaurants, and 5 minutes to my favourite local real ale pub - The Brunswick. In the spring I can cycle from Charminster, along the seafront, across the sandbanks ferry in to the Purbecks which is just fantastic. There's a 3 bed semi opposite me that's on for 180k (needs a lot of work though): http://www.rightmove.co.uk/property-for-sale/property-28127381.html
  11. I just touched down from 2 weeks in Oz. I lived in Sydney in 2005 - 2006 when GBP/Aus was 2.4. It felt like a cheap, carefree existence back then. At the current 1.7, it is far from comfortable for anyone traveling on GBP (much like anywhere in the world). One thing that was ubiquitous, whether I was in NSW, Gold Coast or the Sunshine Coast, was the massive proliferation of "luxury living" new build estates - they are EVERYWHERE now - horrific, souless communities that sprawl across the countryside. While in one of these Stepford style estates, my girlfriend was taken sick and needed to go to hospital, we hailed a cab and the cabby couldn't find where we were on map or GPS because the estate was too new, he consequently couldn't find a hospital either, it was a hellish Xmas years eve beyond belief. Australia still seems to be living through the boom times, but it seems to be built on fresh air. We stayed with a couple who were dying to sell their latest new build investment property and plunge it in to the next "millionaire" estate. It felt eerily like 2006 for these people, it was so pervasive that I found it hard to articulate my point of view in the face of such a hard, prospecting, Aussie spirit. These McEstates seem to be everywhere on the east coast of Oz now. They weren't their even 4 years ago but now seem to permeate every small town and village along the east coast. I love the Aussie spirit and would emmigrate here in a heartbeat if my other half could hack leaving her family, but the whole place feels like it is at a tipping point. I read somewhere that Australia didn't get the full brunt of the great depression until 1932 onwards, some 3 years after the US. My experience of Oz this time was a country that has run off the cliff and is waiting for gravity to do it's thing. TBH though, It was nice to be somewhere with a sense of hope. Love Ked
  12. That's one of the more interesting pieces I have read recently, very thought provoking. Thanks for posting.
  13. If it encourages people to use less oil, consume less and waste less, then doesn't seem like such a bad idea on the face of it. Although a general sense of personal responsiblity for the world around us would be far more desirable.
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