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House Price Crash Forum


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Everything posted by Steppenpig

  1. You mean foreign companies? I have probably mentioned before, for exactly the same reason that some UK firms are relocating to the EU, some foreign firms are going to need to relocate to the UK. People seem unable or unwilling to grasp it.
  2. I understand. Well, next time your browsing the express and you spot one, don't hesitate to flag it up for me.
  3. Could you provide a link. I continually see remainers claiming this, but never seen any leavers actually mention it.
  4. On the subject of labour leave, saw this on reddit earlier. From a more open minded era. https://www.theguardian.com/commentisfree/2015/jul/14/left-reject-eu-greece-eurosceptic
  5. With "pent up demand" (aka, low finance costs enabling owners to hold out for higher prices longer than normal times) and low transactions, any "bargains" (in the sense of being cheaper than similar houses nearby are priced) are going to get snapped up or bid up to (or near) the market rate. In the absence of generalised price declines, the only damage limiting strategy is to ensure you don't overpay. Or, if anyone knows of any bargains, let me know.
  6. I'll say this for them, the EU politicians/eurocrats seem much better at appearing convincingly steadfast in their intentions, until they change them, than our crowd ever do.
  7. Just had to reinstall my system. "Property Log" doesnt seem to turn up when you search in the chrome store. Had to use a general google web search. Hope they're not trying to hide it from us.
  8. it'll be interesting to see how undemocratic china with a falling population and democratic india with a rising population compare in military assertiveness in 10 or 20 years.
  9. It's in the politics sub forum. Just scroll down. It's private, so no one will ever know your secret. Open until Sunday, when the results are announced.
  10. It's funny, how looking unlived in and therefore presumably not containing much of value, actually increases the risk. That's why I assume it is just dossers and low life, rather than proper criminals. It's true about the value. Given the unoccupancy rate, they should really drop to zero. In fact, they are so tiny that they are quite expensive. I think they're about half the size of a normal 3 bedder terrace in most other towns, and if you include garden (absence thereof) probably about a quarter of the footprint or less. So on a per sq foot basis, they are probably just as expensive as houses in nice towns with jobs and fewer criminals.
  11. Thanks Brucie. That would significantly increase the value of my home posessions. Do the pictures get saved online? What happens if they steal the cameras and your computer?
  12. The Irish border question seems to have gone a bit quieter of late, and not sure how the last bout ended, but i thought this was mildly relevant from one of my youtube subscriptions. oh, it doesn't seem to have embedded at the time stamp. The border gets mentioned at 6:41 and then is actually crossed at 8:01. He also mentions having crossed the border (which I assume is the bridge) at about 10:30 and 14:10. - I appreciate these are pedestrian/cycle ways. He crosses a road border at 24:50. It seems like cars entering Switzerland have paused, while the ones entering Germany just slow down a bit. Obviously it's a fairly quiet road, and no doubt there are major routes that commercial traffic is expected/required to use. But I assume 90% of the apparently thousands of irish border crossings are quiet roads. This by the way, is by Basel (Switzerland's 3rd city).
  13. I'm toying with buying a house in a dodgy (i.e. cheap area). Looking around Burley, seemed like a significant number had been broken into, and maybe 5% of the houses were boarded up. Presumably the unoccupied rate is even higher. Are there any useful measures one can take in such an area, especially if leaving the house unoccupied for any time. e.g. steel doors and shutters. I assume most of the burglaries are local amateurs, homeless, druggies, etc, as there wouldn't be any valuable possessions in most. EA did say that they can strip the house of everything, including boilers etc. Even saw one that the wall had been broken through to get access (an internal wall in a porch, not an external wall).
  14. not on facebook yet but looks like sold for 99,950. https://houseprices.io/?q=ll151lf
  15. Although extreme rapidity would actually ease the transition. Everything carries on as before, just population is a bit thinned out. We need a nice plague or natural catastrophe.
  16. Been watching a few auctions myself and the guide prices often seem to be set ridiculously. That lot 5 was a 7 bedder, so even fire damaged, hard to believe the guide was ever a fair valuation. I see lot 18 has been reappearing every few months. Sold at 64k today, previously at 50 and 55k. I watched the auction house north west auction today. Saw a couple of houses which failed to sell at 25k a few months ago sold for 37k. I think it's a bit of a lottery.
  17. Nothing on rightmove or zoopla, but presumably this one. https://auctionhouselondon.co.uk/lot/?lotID=33062 Streetview Looks hideous but spin round and all the houses on the other side of the street have similar lofts. Edit. Streetview is a pain to copy paste. That's actually the wrong side of the street, you need to spin round to see no 61.
  18. For rent at 3,467 or sale ar 1,195,000 That's 3.48% return. Normal for London I guess.
  19. On a simple affordability argument it probably makes sense (although not sure what salaries are like these days) but doesn't account for the financial risk of borrowing 20 times salary in 2019 compared to 3 times salary in 1996.
  20. Yeah, I shouldn't have said "cheap" but still interesting that prices do seem to be coming down., and setting a price below the neighbours results in going stc in a few day, and/or something dodgy going on with the last two I mentioned and I want to keep an eye on them. At the moment, they look like they're still 50% overvalued, which must be about 10 years' salary for the sort of people who buy there. ie overspending by about a quarter of their working life's earnings. If it is a trend, they might be reasonable value in 10 or 20 years
  21. Another unexpectedly cheap one, gone under offer in a few days. 975k. No loft extension, but sure it would have been at leat 100k more a couple of years ago. https://www.rightmove.co.uk/property-for-sale/property-78759140.html
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