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House Price Crash Forum


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Posts posted by Steppenpig

  1. 6 hours ago, debtlessmanc said:

    For most of the time it existed the British Empire lost the UK money, Adam Smith analysed it in "The Wealth of Nations" and promptly announced the Empire was a waste of money. Most of it (yes including Ireland) was acquired in fits of English paranoia that the continental powers would get there first. India, North America, Australia all acquired to stop the French getting them. The first fleet arrived in australia literally a few weeks before the french equivalent, they sailed off to colonize NZ and got wrecked in a storm.

    Where did the UK's money come from? - well we did invent the steam engine and we were the world biggest producer of coal from 1890-1910, and the worlds biggest producer of oil in the 90's

    We are an island built on coal surrounded by a sea full of fish as Nye Bevan observed.

    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).

  2. 14 hours ago, maffo in oxford said:

    Just been awarded two new contracts at work, fit out of commercial premises for two companies expanding into the UK. One a software company, the other specialises in agricultural manufacturing.


    Viva la Brexit ?

    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.

  3. 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.

  4. On 04/07/2019 at 10:51, debtlessmanc said:

    Saw this on another forum, found it really interesting - Bertrand Russell (Born 1872) being interviewed on television in 1952. The interesting bit is from 21 to 25 mins (well it is all interesting). He basically predicts the world's current problems and also the EU's direction of travel (as a proto-world govt). The only difference is he clearly understands the importance of having a stable population everywhere for world peace. Something which has become a taboo to discuss in liberal circles

    edit to add, he also predicts the rise of china industrially but not democratically


    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.

  5. On 17/03/2019 at 20:30, up2late said:

    It's a tricky one, especially if you are talking about a back to back terrace. Your front door and downstairs window are going to be the only way out if there's a fire. The idea of blocking these with metal bars gives me the shits, but plenty of houses in Burley have them.


    My approach would be to make the house look cared-for and lived-in. Net curtains, fresh paint on the ledges. Make sure downstairs door and window are sturdy. Maybe an alarm or CCTV you can monitor from your phone?


    Burley only looks cheap compared to the ridiculous prices in other areas. Student houses are starting to sit empty as students realise that they'd rather have an en-suite loo and ethernet in one of the newly built blocks. I expect Burley to get cheaper still, but you know that because you're here. Good luck whatever you decide.

    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.

  6. 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).

  7. 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).

  8. 10 hours ago, GreenDevil said:


    Bubble is well and truly bubbling in birmingham, lots of bids, lots exceeding guide prices by huge amounts.

    Lot 5 - fire damaged semi in handsworth, 60k guide 310k!

    Last one (lot 6)  a shit semi BTL guided at 30,000 fetched 154k!



    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.

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