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Everything posted by Steppenpig
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Examples of big & multiple drops
Steppenpig replied to Sausage's topic in House prices and the economy
https://www.barnardmarcusauctions.co.uk/auctions/30-november-2021/?lots=3 You can select for unsold as well -
BoE mortgage approvals data Oct 2021
Steppenpig replied to Dorkins's topic in House prices and the economy
Presumably the areas under the graph above and below the trend line need to approx match, so it looks like it should drop below trend for a bit. -
Sadly missed my chance. I thought houses peaked maybe 2013/14, dipped a little, but bounced back and have been pretty flat since. Cambray was always a bit cheaper then Scholars/Pentney/Haverhill
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Heard the other day on the German telly, their turbines are being decommissioned after 20 years because the subsidies end. I struggle to believe any of this is making us wealthier or using resources more efficiently.
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Its weird and interesting how so much of the british empire happened often almost by accident or just the whim of some random bloke somewhere, often against the wishes of parliament, especially compared to the active empire building strategies of the continentals. Also interesting that many people on all sides of the debates were actually very enlightened (not just the british of course). In fact, the whole enterprise was "very british" from start to end. (I don't know anything in depth, just what I read when I stray across it).
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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.
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Examples of big & multiple drops
Steppenpig replied to Sausage's topic in House prices and the economy
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. -
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.
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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?
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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).
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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).
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not on facebook yet but looks like sold for 99,950. https://houseprices.io/?q=ll151lf
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So many people I know are taking early retirement
Steppenpig replied to simvastatin's topic in House prices and the economy
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. -
Barnard Marcus auction results (rampers look away now)
Steppenpig replied to mowlem's topic in House prices and the economy
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.