hpc-craig

So with Sterling crashing are we even likely to see the falls in Oil passed? I need to buy some heating oil in the next month, the oil graph already looks like a future graph of house prices,so I am just wondering wherther I can hold out a little longer. Currently 45p per litre in my nexk of the woods.

Good luck and you will be missed. Like others have said, very simple minded idiots are the only people who moan about the Polish coming and 'taking our jobs' etc. I for one have much respect for them. I honestly do not think I would leave my family and friends, move to a country where I didn't know the language and look for a job. There are really not many brits that would. If there was a huge emigration of the British to Poland then thh Poles would still be expected to speak English. I know a few Polish workers in my town, very hard working, friendly and they picked up the LOCAL language in no time. Whilst I don't know any of them well enough to go and visit them in Poland, I was very impressed with the Loacls in our town when a group of state draining chavs went to a house of Poles and beat 3 of them up. The chavs were driven out of our local pub and we now have a nice mix of English and Polish Now though the number of Polish going home is noticably on the increase. Whilst this will no doubt help the House Price CrashTM, I do wish you guys were staying and the benefit cheats of the UK would naff off.

Is that site actually in real time? As in none of this 'delayed by 15 minute' nonsense on the bbc or Yahoo? There are no winers according to the BBC!! Never seen that before: http://newsvote.bbc.co.uk/1/shared/fds/hi/...t/3/default.stm Talk about black friday

I do feel sorry for the girl in question, she stands to lose a substantial sum of money as she naively thought that a bank would be a safe place to put it. Whilst there were warnings in place, it doesn't help when people such as the Icesave MD is on the radio telling people everything is hunky dory. I doubt the average Joe has any idea what a Moody's rating is etc. You can only invest based upon the information you have. That said, it is common knowledge that the maximum compensation limit was £35000. this was HIGHLY publicised after Northern Rock went under, so people should have been aware of the repurcussions. I am an Icesave saver. I have £20,000 in there. I do have the bulk of my savings (not STR, 6 years of hard graft) spread between Halifax and Northern Rock. I put my ISA in there as it paid good interest rates. Being keen on economics, I was aware of the troubles Icesave were facing but my gut told me they wouldn't go bust. Looks like I was wrong, but I took the safe gamble, so I should get my money back.

What i'm more worried about is are these mortgages going to be coming available soon. I have this strange gut feeling that with all thats gone on today the banks may think 'we are invincible' and start lending competitively again. I hate these silly mortgages at silly wage multiples, they fuelled the boom and I sdont want them to restart it.

We are about to get this where I live. 2 fields near to my house are being developed. This has been in the councils local plan for development for years (at least 10, probably more) but still people complain. The thing is most people in our road are for it, its just the ones on the edge who will lose their view that are complaining. The amazing thing is that these people live in houses that are barely 10 years old and the houses behind them had their own views 'spoiled' by the people who are now complaining. Complete hypocrisy. I am expecting the lead protester to be coming around looking for signatures for his petition and I will be telling him a few home truth's. The other fantastic local act of nimbyness near me are people whose houses are flooding due to bad drainage. The council are yet to fix them. A farmer a couple of hundred yards up the road wanted to build a development of about 30-40 hoses on a couple of fields. The residents complained that the drains couldn't cope (which is fair enough), so the farmer and developer said that they would donate £250,000 to fix the drains and the remainder (as the council have said it won't the full amount to fix) will go to improving the local health center. Fantastic then. Clearly the flooded residents don't think so as they kicked up such a stink that the council have refused planning for the time being. They claimed they were being blackmailed by the farmer as he wouldn't donate the money unless planning permission was being granted. The drains aren't his responsibility so why should he? The residents declared victory, but you all know what happened with the sheer volume of rain last week? they flooded.

This was featured on Central News (ITV Regional) earlier, so its getting a bit of media attention. I'm surprised the one in Devon has got so many entries. I'm embarrassed to admit i'm tempted to buy a ticket.

I do. As long as the guys at the top get rich, then sod everyone else. Once it all starts going pair shaped they are crying to the government for bailouts. If we are a Capitalist country, then that must be what capitalism is, as that is what has happened/is happening.

I completely agree. Of course Capatilists only want a free market on the way up. If only they had have intervened years ago to curb HPI, we would be in a much better posistion to 'weather the storm'. As it is we are like a guy sitting on the beach in New Orleans. Absolutely f*cked.

Blimey! I had no idea wages were that much lower up north. My out of school, no skills required shop job paid more than that in year 1 (I'm in Gloucestershire, this was 4 years ago, and house are A LOT more than 70k.). And Only 13.7k for an engineer, is it any wonder we ahev a lack of skilled young workers coming through?

SO is bruno for or against a crash in prices? He quotes in the times that they will fall 70% but calls STR's scum? Does he just have a problem with this website, I've often heard him mentioned on here, but have never seen him until now.

Looks like Gordons gone and had words with Mr Darling. Maybe Alastair isn't as bad as everyone thinks? perhaps he is just a puppet and can only say what his master wants him too.

"The head of one property group, forced to own up to half-yearly pre-tax losses of £236.7million" That wasn't Mr Anthea Turner per chance (G Bovey). Why are people reluctant to mention him by name? Assuming its him of course.

Yes, they did. They wanted to remove food and fuel from the index, so the Bank of England could cut rates. They desperately want rates to be cut, it wouldn't surprise me if they're next move is to offer Merv and other members of the MPC a blo job from every member of their little club.

Greedy Buyers? I love it. The Haliwide are both back to Q3 2006 prices, so his house is only worth 2006 prices, with or without a new kitchen. I wish i knew where he lived, I'd ring the agent up and put in a greedy offer.

They've been adding more of these throughout the day. I really despair, especially at the first time buyers. One says she has to save £12,000 for a deposit, or wait and see if the market changes. We won't see 100% mortgages this side of the Olympics (London 2012). Funny thing is, they are complaining about lack of mortgage availability, but it is this which is a major factor to bringing house prices down to affordable levels. Levels where you don't rent your house from the bank for massive amounts of interest every month. Levels where people may have money left at the end of the month to have a bit of fun and live life. Why do they seem to have the I WANT IT RIGHT NOW attitude?

If people hadn't been brain washed by the whole 'Luxury' thing, all these flats we've seen would never have sold. They stick the kitchen in with the dining room/living room, lay some cheap ass laminate flooring, make the rooms smaller and offer 'stunning views' of similar buildings or if you are lucky you can see the whole ugly city. And they charge tice the price for the priviledge. How on earth were so many people conned into this? Was it for the 'social' factor - "I live in a 2 bed luxury apartment, it cost me 1/4 of a million".

Lol, some people are so dim. Numpty. 100% mortgages are gone for good (not that the Bank of Englad actually offers mortgages). What on earth? Sit tight OR save for a deposit There is no OR, they come hand in hand. You do BOTH. This one is my favourite though: I shows just how bad our boom as been when this guy can't sell an 8 bed house for £220k in France. That would only get you a cramped 1 bed flat in some parts of the UK. Seeing things like really make me wonder whether its really worth waiting for the crash, or whether we shouldjust leave now.

Suggest to the estate agent that you will be calling the land registry as you are interested, but don't want to be liable for false sale prices being reported to them.

Maybe he meant GCE?

Damn right. The Russians are not without blame in all of this - don't get me wrong but I do NOT* want to see them rebuilding the USSR and invading other countries. BUT, it seems that the Americans think they can invade any country willy nilly and get away with it and at the smae time threaten any other country that might try military action. The weapons of Mass destruction were INVENTED as a reason to invade Iraq and yet the Russians go and protect there own people (albeit in another country) many of whom have been killed by Georgians and are told, on no uncertain terms, to back off. All that said, I would still rather be allied with the Americans, but I would much rather Brown kept his nose and our country out of the USAs and Russias tit for tat argument's (which I could see escalating into Cold War II) *Edit: Can't beleive i missed out the not. You'll all think I'm some psycho.

That is insane. Who in their right mind would pay for that? It wouldn't surprise me if the owners of the first floor flat bought it in a couple of years for next to nothing. I've said it before but, I have no problem (perhaps even a little respect) with property developers who take run down or near derelict houses and bring them back to life. But the sickos that take a normal 3 bed semi and turn it into cramped flats really get my goat.

I thought he meant the boards estate agents put up outside peoples houses. They drive by, see a house they like and ring the agent that way.

Nice on BF. I have to say, I am noticing rentals coming down in price. Me and GF are currently living with parents (seperately). Last looked at renting in February. A 3 bed was about £550 in a fairly nice estate. Its your average house. Most are hovering at £500 - £550 and one is now on at £475. One set of 4 flats are all available to buy or to rent and they are even doing a package deal whereby if you buy all 4 flats you get the shops underneath thrown in for free. I am yet to find this deal on the Internet, but it was for a 'Limited Time' in the local paper. 1 of the flats is now rented, so I am guessing no one took them up on their offer.

On BBC Midlands Today a few minutes ago, the correspondant was in Stratford Upon Avon doing a report into Property (if things are bad in Stratford, you know they are bad everywhere). He had a copy of the local paper and sommented on how there are usually 2 property supplements and now there is just 1 and it is 'almost empty'. The Internet has long been threatening the death of these things anyway. Afer the crash I expect most will have gone.