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CheapAsChips/Houses

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  1. Mid 2005 when it looked likely that the crash had started - there were significant house price decreases in some parts of London, but there weren't that many negative articles in the paper... ..now, although there has not been any price falls to talk about (in fact as we speak prices are still rocketing), there are plenty of negative press articles around. Just around the corner?
  2. What a load of tosh! Buying when houses are way above the long term averge as they are now is like betting on each and every number on the table (bar the 00s, as they could still increase) but getting 2:1 odds. A fantastic bet - one which everyone should take!
  3. Thats just the problem. People thinking that you absolutely HAVE to own the home you live in. Personally I find it quite liberating knowing I have a significant amount of money in the bank, I don't owe a single pound to anyone, and when the market finally turns and banks are no longer handing out money left right and centre, I will be in such a privileged position that I could be choosey of which house I buy.
  4. They ended up buying a 3 bedroom terriced house just off fulham palace road for £395k (closer to hammersmith than fulham really, but right by the river, and it needed modernising). They previously had a basement flat ON parsons green, not in the parsons green area. They have spent about 50k on their new house and had it valued 4 months ago and were told they could get £650k easily. I know its just a valuation, but in todays environment they could even get higher. I'd hate to know what it would be valued for today. Things are getting really stupid now! A friend just bought a one bedroom f
  5. Fulham came down significantly in 2005. A friend wanted to upgrade his one bedroom flat on Parsons green for a bigger house in Fulham in 2004 but could not afford to - but could in 2005. Another anecdote - a girl at work bought a unit off plan in May this year at the new development in Borough (Tabbard Square). She paid £450k for a 2 bedroom flat in the highrise building. She is about to complete, and she has already been offerred £650k!! Thats £200k in less than 6 months on a £10k deposit!! I don't even want to work out what that means as an annual return. My entire credibility is at st
  6. If you have the maximum (25k) in the web save account, what happens to the interest you earn on it? Does it get paid into you web save account so you do not get interest on interest i.e., interest is paid on max 25k? Worth checking out?
  7. That's not what I am seeing. Towards the latter part of 2005 - SW London was full of for sale signs, and I honestly thought 'Here we go', but I cannot believe how few for sale signs there are around here. I think we are still a long way off the inevatible.
  8. We are a couple of months away from the annual bonus round, which is enough time for this change in sentiment to gather pace. These guys are being paid an obsene amount of money because they have some brains. They may stay away and dissapoint?
  9. I have just switched my FTSE 100 tracker for a natural resource fund. I now have that, plus a fair amount of cash and gold shares. I would like to invest some more, and was wondering if anyone had some thoughts of investing in Germany / Japan. Both countries have had it bad in recent years, but could they be tuning the corner? Any thoughts?
  10. A friend of mine put his house on the market 5 months ago - a three bedroom end of terrace in South Wimbledon / Merton (the not so nice area of Wimbledon) and got an offer (from a FTB) within a week at the full asking price. He was prepared to let it go at 25k less than the asking. He has been looking in the Kingston area, and apparantly houses are being snapped up days after coming on to the market. He has just had his offer accepted - at the full asking price, and is fortunate that his FTB has been patient in waiting for him to find something else. Market seems pretty healthy
  11. I have been reading this site for a few years now and I am quite over most of the banter that is going on. There is so much more being said, but so much less that actually worth reading. When I visit I check out the news blog - then try and find anecdotals - that what really matters - what is being reported in the press, and what is actually happening. Although I used to read with enthusiasm every tom dick and harry's opinion - I am getting extremely bored with them now. A section for anecdotals - hopefully with some estate agents contributing would be a great idea! Enough support and I am
  12. I couldn't agree with you more! I have been reading this site for a few years now and I am quite over most of the banter that is going on. There is so much more being said, but so much less that actually worth reading. When I visit I check out the news blog - then try and find anecdotals - that what really matters - what is being reported in the press, and what is actually happening. Although I used to read with enthusiasm every tom dick and harry's opinion - I am getting extremely bored with them now. A section for anecdotals - hopefully with some estate agents contributing would be a gr
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