Jump to content
House Price Crash Forum


  • Posts

  • Joined

  • Last visited

Everything posted by needle

  1. http://www.housepricecrash.co.uk/forum/index.php?showtopic=170064
  2. Does anyone actually read these threads before posting? I agree, but you need to look at this as an opportunity to spot some interesting stuff. This one, for example has a 'Sold STC' sticker but is not listed in the history as Sold. In other words, it was initially put on rightmove with a SOLD STC sticker already on it. So while your theory may be correct, its not conclusive. http://www.rightmove.co.uk/property-for-sale/property-34830029.html 07 August 2011 Initial entry found.
  3. Could be but heres a propery that came to market for the first time today with a 'Sold STC' sticker already attached..... rofl http://www.rightmove.co.uk/property-for-sale/property-31666987.html READ THE OTHER THREAD ANYWAY FOR SOME INTERESTING RM OBSERVATIONS . . .
  4. Heres another oddity 2 Hayes Terrace, Timperley http://www.rightmove.co.uk/property-for-sale/property-19462980.html 05 October 2011 Status changed: from 'Sold STC' to 'Available' 21 July 2011 Initial entry found. LR data - SOLD on 11/7/2011 10 days before it appeared on rightmove ??!!?? http://www.houseprices.co.uk/e.php?q=Heyes+Terrace%2C+Timperley
  5. READ THIS THREAD - something odd is happening here http://www.housepricecrash.co.uk/forum/index.php?showtopic=170064
  6. The announcement was made after the close.
  7. Heres an example or 3 from my area ---------------------------------------------------------------------------------------------------------------------------------------------------- http://www.rightmove.co.uk/property-for-sale/property-18329214.html Price history - 05 October 2011 Status changed: from 'Sold STC' to 'Available' 15 July 2011 Status changed: from 'Available' to 'Sold STC' 16 March 2011 Initial entry found. LR listing - NONE sold since Jan 2011 http://www.houseprices.co.uk/e.php?q=Clarke+Crescent%2C+Hale&n=100 -------------------------------------------------------------------------------------------------------------------------------------------------------- http://www.rightmove.co.uk/property-for-sale/property-17542269.html (number 97) 05 October 2011 Status changed: from 'Sold STC' to 'Available' 09 July 2011 Status changed: from 'Available' to 'Sold STC' 03 December 2010 Initial entry found. LR listing - NONE sold since MAY 2011 and that was number 25 http://www.houseprices.co.uk/e.php?q=Brunswick+Road%2C+Altrincham&n=100 --------------------------------------------------------------------------------------------------------------------------------------------------------- http://www.rightmove.co.uk/property-for-sale/property-31711349.html (Number 64) 05 October 2011 Status changed: from 'Sold STC' to 'Available' 05 July 2011 Status changed: from 'Available' to 'Sold STC' 21 January 2011 Price changed: from '£175,000' to '£167,500' 07 November 2010 Initial entry found. LR listing - NONE since July 2011 (number 46) http://www.houseprices.co.uk/e.php?q=Sinderland+Road%2C+Altrincham&n=100 -------------------------------------------------------------------------------------------------------------------------------------------------------- http://www.rightmove.co.uk/property-for-sale/property-18812868.html 05 October 2011 Status changed: from 'Sold STC' to 'Available' 31 July 2011 Status changed: from 'Under offer' to 'Sold STC' 04 June 2011 Status changed: from 'Available' to 'Under offer' 01 June 2011 Price changed: from '£174,950' to '£165,000' 18 May 2011 Initial entry found. LR listing NONE since 2009 http://www.houseprices.co.uk/e.php?q=Heath+Road%2C+Timperley&n=100 Any more examples?
  8. Okay, have looked into this in more detail and something funny is happening, bear with me: Loads of houses in my area coming back on the market. A lot went sold STC many months ago. I'm fairly sure, but not certain, that some of them actually did sell. However I have checked many of the properties that sold back in May and June of 2011 and NONE of them appear in the LR listings at http://www.houseprices.co.uk or http://www.nethouseprices.co.uk So wtf is going on? I have 2 theories - one of them is obvious, the other is a potential bombshell. Theory 1 This is the most likely reason. A Rightmove error has caused all SOLD properties to be relisted as Available. We know from the LR that the properties have NOT SOLD so whats happened? Well what we are looking at is a list of all the UNSOLD properties your friendly local EA has that have been removed from the market. What you can do to help is run through ALL the properties in your area and update them for Property-bee. This will give everyone a list of the accidentally re-listed properties to compare against Land Reg figures. What are you waiting for? Get to it! Theory 2 (Now please, this is stretching things a bit so do not jump to conclusions - its speculation) Properties repossessed or otherwise acquired by the banks were put up for sale. The properties didnt sell on the open market and so were moved to SPVs - Special Purpose Vehicles by the banks. (We know this happened) Because one company sold to another company the transactions do not appear on the Land Registry; commercial transactions. Now the commercial vehicles such as UK Asset Resolution (http://www.ukar.co.uk/) have completed the asset transfer they need to dump the properties on the open market. Please bear in mind that Theory 2 is pure speculation on my part. I just cant help noticing an awful lot of the properties were vacant in the initial sales photos and NONE that I've looked at are on the LR.......
  9. Use this thread please, something funny going on - http://www.housepricecrash.co.uk/forum/index.php?showtopic=170064&st=0&p=3136689&fromsearch=1entry3136689
  10. Okay have just checked some of the same properties on Primelocation and they are showing NO CHANGE in status. Seems to be a RM problem - started last night 3/10 btw
  11. Indeed. I notice that this has just occured for 'Premium Listing' properties too. Loads have changed from 'Premium Listing' to 'Available' overnight. I'd be inclined to think this is an RM issue but I've posted on PB support site anyways...
  12. Seeing the same thing in my area. Some of the houses have definately sold too as they appear on the LR. Could be a change on Rightmove though..... There havent been any PB updates lately so I dont see why this would suddenly happen. Will have a look on the PB site.
  13. No this is not in the way of a HPC this is a feature of a HPC. If people cannot sell their property so they rent it out but they incur costs in doing so. Secondly they still have the liability of the mortgage on the house, that never goes away. Thirdly, because they cannot sell their house they cannot raise extravagant sums to purchase a new house. Their plans get scuppered too. Finally, they need somewhere to live too so they must either buy (and spread their liability across two properties, only having control and use of one) or else they too must rent because they cannot afford to buy, not having sold. Not being able to sell is a major cause of chains collapsing in the market. Renting out a house therefore causes the market to collapse further. As these people wait until 'prices come back' other forced sales - such as divorces, repossessions and deaths continue to flood the market. As these houses usually sell at lower prices the average price for property actually sold - in the absence of 'proper' sales - starts to collapse rapidly. All they are doing is holding on to their property as prices decline further. Renting out a property you cant sell does not solve any of these problems, it only defers the inevitable. In my area, 'normal' sales have collapsed and the only progressions are repos and estate sales; as a result prices are starting to fall hard. I saw this coming in 2004-05 and I thought it would be bad. However, the attempts to defer the inevitable had made it worse by several orders of magnitude; the banks and financial system nearly fell. An outside event, such as further European deterioration (a Greek default, for example) or a downgrade of UK rating will do this. If they continue to defy reality and attempt to spend public money propping up property prices I fear the whole economy will collapse. We are very, very exposed at the moment. Renting might be the safest financial option. And I dont say that lightly.
  14. It could be fantastic but for 2 problems 1. too many old people. little old ladies clogging up 4 bed houses while families have to compete for terraces. Its fkn crazy. Thats why the town is dying and why all the shops are charity shops. No youth. No life. 2. car parking is too far from the town centre. Who wants to park by the sports centre and walk all the way to M&S or to a restaurant? He probably has to pay high rates on a shop and not on a mobile unit. Besides who are the fkwits who own property in the town. Drop the rents. BTW his crepes are excellent, but at £2.50 for a pancake, they'd have to be.
  15. And yet linked from the same BBC page and dating from Jan of this year is this gem - Conwy council looks to fill empty homes http://www.bbc.co.uk/news/uk-wales-12158940 So, if I've got this right, they have 26k empty homes and at teh same time (from the first article) they are subsidising students to buy houses... WTF?
  16. Look Altair is on ice for as far back as I can remember. The spot is used for parking now and should remain as such. I'm gobsmacked by that interchange link you put up. It looks like someone just stuck a greenhouse on the front of the station. Thats the fkn plan? Thats it? WTF will that change? Why? What are they going to sell? Does Alty need more coffee or charity shops? Where will people park? House prices are too high and so only old people can afford to live in Alty. Unless youre opening a shop selling beige overcoats or mobility scooters you'll go under. Let the prices crash, let new blood in and lets get hte town moving again. No Altair is not to blame. For that particular row you can blame Tesco.
  17. Could the mods pin this image or put it in the resources section, please.
  18. Indeed. Propaganda at its best. (image courtesy of boyRacer on thepropertypin.com Anyone think this isnt propaganda?
  19. Eh...actually the link says its back on the market. If you had property-bee (why dont you?) you'd see teh following history 29 August 2011 Status changed: from 'Sold STCM' to 'Available' 09 July 2011 Status changed: from 'Available' to 'Sold STCM' 16 October 2010 Price changed: from '£279,995' to '£349,995' 16 June 2010 Initial entry found.
  20. So why do you need a 4 bed house for 3 people? Not if you believe the EA bullsh1t - the BBC are buying up every house, not renting!!! Shortage of 4 bedders to rent is because its hard to get a group of 4+ people together to rent a place. It might have been possible in 2005 but then you wouldnt have saved a large deposit so you still wouldnt have been able to buy it, would you? Are you seriously considering moving without renting? Youre just gonna buy a house and move in after being away for years?
  21. ***STOP PRESS****** Remember people, that not only is this asking prices, its initial asking prices. No price drops are ever measured by Rightmove. None. Ever. No matter how much the asking price drops, its not included in Rightmove reports. Thus, it will always be strongly biased towards an upward trend.
  22. Sorry I dont understand what that means; "they all have possession orders, other times just one of them." Do you mean there may be several charges on the property from different companies? If so, surely theres only one company managing the sale?
  23. Ok, just to clear things up. I know of a repo on the market and we talked about making an offer for it. It was a good offer but the EA said the repo people wouldnt accept it because they had a higher offer - within 2% of asking. Now the property is still on the market and I suspect they may be holding it for a 'friend'. I'm sure there was a thread on finding the repossessing company somewhere, but what I dont get is how the poster found out who the reposessing company was. I'm trying to find who 'owns' the property (the repo company) so I can make an offer directly to them. Anyone?
  24. So theres no way of directly contacting the mortgage company and making an offer?
  25. Could anyone shed any light on this; When a house is repossessed, who is listed as the owner on the LR? Is it the bank or does the owners name remain on the documents until its sold? TIA
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.