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House Price Crash Forum

hostman

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Everything posted by hostman

  1. The amount the Government are talking about its not going to have any positive affect. What's £270 million when the total housing stock is worth (at current prices) over £4 trillion? Also, any local council / HA is not going to pay full price for these unsold properties. Plus, aren't some of these shoddily built, not even up to HA standards? I really wish the Government would just leave it all alone. They don't do anything to stop the continuous rise of property prices, but do almost everything they can to try and stop prices falling. Why!?!?! If prices fall 20% nationally it means more priced out people will be able to buy the ENTIRE property and not get involved in these horrid shared ownership schemes. Edit: Also - If there is a housing shortage, then why are these empty!?!? - The whole supply and demand argument is once again unmasked as a load of tosh!
  2. Volumes are truly monstrous: "The number of completed house sales fell by 50 per cent to 53,080 in March 2008, from 106,047 in March 2007".
  3. Figures just out: May 2008: 222.8 (April 2000: 100) Average price £183,266 Monthly change 0.0% Annual change 1.8% For comparison, previous month: April 2008: 223.2 (April 2000: 100) Average price £183,626 Monthly change -0.2% Annual change 2.7% Interesting that it states no drops but yet the annual figure is down -0.9. http://www1.landregistry.gov.uk/houseprices/
  4. I'm often bemused when I hear "buying is cheaper than renting" - Not for me it isn't. In Luton, you're lucky to be renting a two bed apartment for less than £500 a month. The cost to buy said property on a mortgage with 10% deposit will be not far off £800 a month.
  5. There is no one silver bullet. Its quite clear what the solution is, it is a mixture of lots of different things: 1) Reduced usage - I.e. investment in modern, efficient equipment for business and homes, insulation of older homes etc 2) Clean coal - We have oodles of coal in this country waiting to be mined, but the tree huggers hate the stuff, depsite modern clean coal technology and carbon capture 3) Wind turbines (or generally renewables, hydro plants are also one major option being under utilised) - We need more of these, LOTS of these. What's interesting are the costs associated with building them, this link: http://www.iht.com/articles/2008/05/19/business/wind.php (posted by another forum user in this thread) suggests America has built 25,000 for $15 billion, but here in Blighty, its going to take £100 billion to build 7,000? Where's the money going and why do we always over pay and get it so wrong with big projects? 4) Nuclear - We have the technology now to provide oodles of power from a handful of power stations. The problem is, once again, the tree huggers seem to think we're all going to glow green when they fire them up I, for one, DO NOT want to rely on countries like Mother Russia for our energy. Of course, there are two types of energy being discussed, oil and electricity. All the Nuclear power stations in the World aren't going to be power our petrol BMW's
  6. For me, I like that property, a lot. Sizeable garden area also, could put a pool in.
  7. We use Natwest and HSBC for our business banking. On the whole, no major problems. All will treat you with relative disdain until you're turning over £1 million + a year.
  8. So I go about my daily trawl on Right + PropertyBee, seeing what's what etc etc. When I start to notice more and more properties with price INCREASES, but they have also changed over to "enhanced" listings when they appear on searches. Like this: Personally, it makes no difference to me if the listing is yellow boxed or not. I'll treat them all equally. You could surmise those with yellow boxes are more eager to sell and therefore could negotiate a bigger discount, hence why some have increased the price and then gone enhanced. Anyone else noticing this?
  9. My rule is not to get too excited, because no one really knows the release date other than Nationwide If go to bed one night thinking "Its out tomorrow, its out tomorrow", then wake up, find its not out and may not be until another two or three days, its very disappointing.
  10. Can I just say that, along with Estate Agents and Mortgage providers, their ultimate aim is not high house price inflation. It is volumes, if this ultimately leads to HPI then so be it, is their view. So all these conspiracy theories about data release date's is just silly. They should squash such rumours though, by stating on each release precisely when the next one will come out. The major problem in the property market is lack of transparency.
  11. This is nothing new. My partner works in a local council in the south east and has to call it "Mind Mapping".
  12. Check for bodies in the garden.
  13. Where else would they do it? A bus shelter? The loony, high town buying artist struck the amazing asking price deal in the very good Pizza Express in Luton
  14. Exactly. Those on the thresholds are often easier to be negotiated down. Increasing the threshold will cause further inflation.
  15. I saw one of these programmes a year or two ago. Two girls bought, but it all ended in disaster. They couldn't decide on furniture, the other wanted out and I think the sister or brother of the other ended up buying the other half off the one that bailed. I haven't heard anything about this sort of scheme since. A failed social experiment
  16. You're within five minutes of the airport from anywhere in Luton, it's not a massive place
  17. As I've posted in the other thread about tonights prog: I live in Luton and have done all of my life. Believe you me when I say you would not want to live in High Town. It is the towns Red Light district and synonymous with drugs. The flat they viewed with the 70's deco, is here: http://www.rightmove.co.uk/viewdetails-731...22&tr_t=buy I picked it up with property bee on 29th Feb, its been sat their ever since with seemingly no interest. Also, how the hell does a "community artist" earn enough money to buy a £130,000 house? Bank of Mum and Dad? There is no way on earth she is earning more than £18k in Luton as a community artist. On the end credits, it showed "prices correct 2006/2007". The ditzy woman who bought the High Town house will quite possibly be in negative equity. Nice one Krusty. I honestly do think Phil bites his tongue when around Krusty, hes not the bad guy, but Krusty certainly is.
  18. I live in Luton and have done all of my life. Believe you me when I say you would not want to live in High Town. It is the towns Red Light district and synonymous with drugs. The flat they viewed with the 70's deco, is here: http://www.rightmove.co.uk/viewdetails-731...22&tr_t=buy I picked it up with property bee on 29th Feb, its been sat their ever since with seemingly no interest. Also, how the hell does a "community artist" earn enough money to buy a £130,000 house? Bank of Mum and Dad? Btw, on the end credits, it showed "prices correct 2006/2007". The ditzy woman who bought the High Town house will quite possibly be in negative equity. Nice one Krusty. I honestly do think Phil bites his tongue when around Krusty, hes not the bad guy, but Krusty certainly is.
  19. I've come not to expect these reports to be released on time, leaves one with an empty feeling all day when they're not released
  20. Those who have experience of Ltd companies (myself included ...) will know that companies house have very very very small teeth. A company can continue trading for years with overdue accounts before any solid action is taken. Its one of the major failings of the countries regulation.
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