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House Price Crash Forum


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Everything posted by Badger

  1. http://www.theargus.co.uk/news/9351206.Brighton_drug_dealer_has_to_sell_flat_to_pay_debt_back_to_society/
  2. This post is obviously a joke. If not, as your self appointed counsellor I prescribe a whole month away from this site.
  3. http://www.youtube.com/watch?v=QRJxafiqHvw
  4. http://news.bbc.co.uk/1/hi/talking_point/1222127.stm From the comments: I truly hope so. I am so sick and tired here in the UK of meeting unskilled, untalented, 20-somethings who have grown rich over the last 5 years by doing absolutely nothing, just because the value of their house has gone through the roof. I would love to see the smug smiles of satisfaction wiped from their faces by a global recession and a corresponding house market crash. Fortunately I have a broad I.T skill set that pretty much allows me to go from job to job, so long as I'm willing to move, so I'm confident that if a recession hit my job, I could get another one. But most of these people have a very narrow skill set, have never left their home town, and bought their house 15 miles from mom and dad. Everyone needs a good recession from time to time to wake them up and make them realise how powerless they truly are. How events beyond their control can reduce them to nothing, in an instant. It's a spiritual experience! B. Thompson, UK
  5. House prices fall at fastest rate ever across England and Wales Read more: http://www.dailymail.co.uk/news/article-2042927/House-prices-fall-fastest-rate-England-Wales--London-market-continues-flourish.html#ixzz1ZHhWYTbF
  6. http://www.dailymail.co.uk/news/article-2042927/House-prices-fall-fastest-rate-England-Wales--London-market-continues-flourish.html
  7. I've got a fast, wired connection & can't get onlive to work, keeps coming up with the message 'Network Problem' (ie v slow etc).. I've played xbox live no problem, no lag, dunno what's up with this!
  8. I work in advertising and a couple of pints on a Friday lunchtime is followed by an email sent round at 4pm once back at work that the jugs of cocktails are ready. So we pop down to reception to get trays of whatever's been concocted and attempt to continue working. It's basically actively encouraged by the chairman who swings between rabid fitness and outright hedonism. As an aside, I find it interesting that it's more the idea that when one has a drink on the go, things are all good. It's this association with it being a positive thing that's hard to shake, when all it does is make you poor, fat, feel like crap and damage your health. Now, who's responsible for duping the masses then I wonder.
  9. That actually offended me when I saw it on the bottom of other emails. I just turned it off in preferences on mine.
  10. Quote: 'Britain’s fiscal and economic problems result from grotesque mishandling of the economy under the 1997- 2010 Labour administration. Gordon Brown’s reform of the financial regulatory system, and his insistence that the Bank of England determine monetary policy on the basis of retail inflation alone, resulted in a reckless escalation in mortgage lending. The ensuing property price boom spurred unsustainable growth in a plethora of housing-related sectors, and underwrote a rapid expansion in consumer borrowing. Believing that this bubble was real growth, Brown spent up to, and beyond, the apparent expansion in the tax base that had resulted from the propertydriven boom. Real public spending increased by 53% in a period in which the economy expanded by just 17%. As soon as the bubble burst, a chasm rapidly opened up between excessive spending and falling tax revenues. In addition to skewing the economy towards debt and public spending, Brown and his colleagues imposed ever-increasing regulatory and fiscal burdens on business, and simultaneously transferred resources from private industry into a public sector whose productivity was subject to continuous decline. This weakened the overall productivity of the British economy. Labour’s period in office was characterised not just by economic and fiscal mismanagement but also by the promotion of a culture of moral absolutism centred around spurious and selective concepts of ‘fairness’. This culture, and the accompanying sense of individual and collective entitlement, is the biggest obstacle in the way of effective economic reform.'
  11. I thought this was interesting speaking of destructive power - algorithms making decisions for us in the markets, eg 70% of Wall Street uses 'black box or algo-trading' http://www.bbc.co.uk/news/technology-14306146
  12. This amuses me, found this on Zoopla - when they state 'the property is priced to sell' WTF else are they normally priced for? To make a f*king obscenely unrealistic 'profit' ? http://www.zoopla.co.uk/for-sale/details/14896294?search_identifier=ec9acae3911472e2b45750a2c83ae075
  13. Check out the giant outside mirror in this pic to make the patio look bigger http://www.zoopla.co.uk/for-sale/details/15157426?search_identifier=5ddc0d9f84366e052263ff354eea2f90
  14. First listed at £475k reduced twice down to £425k. Getting perilously close to the last sale of £398,887 in May 2008 This is a 3 bed terraced house with garden. http://www.zoopla.co.uk/for-sale/details/14757188?search_identifier=5ddc0d9f84366e052263ff354eea2f90
  15. My rent in 2004 - £650pcm. My rent in 2011 - £650pcm. Edit: I got a pay rise last week too after 3 months of waiting for an answer
  16. Here in Lewes we've a Waitrose & a Tescos. Currently being built is a huge Aldi literally right next door to the Tescos. I can't wait, especially as there's no £ shop here! I'm envisaging many an apparently well-off yummy mummy shop in in there in false moustache & nose when it opens!
  17. Colleague on pretty average wage just bought a 'tiny' 2 bed terrace in Hanover, Brighton for £240k. He says it's 'ridiculously priced but fuggit'. Him & gf have been saving for 6 years for the deposit, plus small help from rellies. Now he's got a moving in date, he admits to 'being scared because of how much everything costs' I said what like utiities etc? His reply, 'no the roof needs doing, etc etc'
  18. In other news http://www.dailymail.co.uk/news/article-2016775/European-debt-crisis-Nicolas-Sarkozy-jets-Berlin-talks-Angela-Merkel.html
  19. Not convinced no smoking would increase house prices, tho at least he admits they're too high, to his credit
  20. http://www.guardian.co.uk/theguardian/2011/jul/15/smoke-free-high-street-proposal-inflames-residents Quote: 'Matthew, who works in an estate agency in the town, said: "It's quite la-di-da around here. Not many people smoke. So it might send house prices up a bit. But they're too high anyway. I think it's a bit silly." Otherwise, OT
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