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House Price Crash Forum


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Everything posted by the_duke_of_hazzard

  1. That's a real shame - did anyone post anything 'contentious'. I could see RMove getting annoyed by that, to be fair. Is there not a generic plugin that allows comments on arbitrary websites? I can image it would be generally very useful.
  2. https://www.rightmove.co.uk/property-for-sale/property-58002831.html developer run out of money? Haven't seen one of these in S London since 2007.
  3. I just tried reading Black Swan and I thought it was really badly written, like a bright student on amphetamines trying to get everything they can think of on the page. Apparently Fooled by Randomness is much better.
  4. And you're still paying 400 pounds a month rent service charge (which no doubt will rise further).
  5. The London quotes are universally negative, including this gem: 'J.J.KING, FRICS, Wimbledon, Andrew Scott Robertson, 020 8971 6780, www.as-r.co.uk, [email protected] - Applicant registrations has slowed. However greater positivity is coming from vendors leading to more offers/ sales being agreed.' Positivity = willing to drop prices I guess. Never heard it called that before.
  6. https://www.theguardian.com/business/2016/sep/06/trump-us-federal-reserve-false-economy-interest-rates 2016.
  7. In my part of London (southern part of Southwark) I can see definite signs of desperation. All the properties I'm watching remain on Rightmove for a long time and I can see there's a race to the bottom with a lot of them. The froth has most definitely gone.
  8. UK two year rates are three times what they were a few months ago, around a 5 year high https://www.bloomberg.com/quote/GUKG2:IND
  9. Jesus, London transaction numbers in London are a holocaust. And that was in May - I think it's got worse since then.
  10. https://www.nationwide.co.uk/about/house-price-index/headlines
  11. Stock rising also. Up over 50% in a year in my part of SE London.
  12. The article says prices are already in annual falls: The Reuters poll follows figures from the Office for National Statistics which show that the average value of a home in the capital fell 0.7% in the year to March at £471,944, down around £3500. That was the second consecutive month of declines and the biggest annual fall since September 2009. so why the word 'danger'? This will let some much needed air out of the market, particularly in London and the South-East. Ah, that was the problem - too much air! Asked to rate house prices, on a scale of one to 10 between extremely cheap and extremely expensive, respondents gave a median of nine for London and seven nationally. I guess some Londoners are aware of Japan prices in the 80s then.
  13. Electoral suicide, but it would be hard for Labour to disagree without looking like the party of the monied. We all know this is going to happen eventually anyway.
  14. Someone drew my attention to this chart: https://ycharts.com/indicators/30_year_mortgage_rate Since end 2016, rates have gone up 1.1% on a 30-year mortgage (or over a third!). So you're an investor with a lot of money. Where does your money go? To that risky 1.5% 2-year fixed UK mortgage loan in a declining market, or this one, which yields nearly double (albeit for 30 years)? Does this help explain why the market is cratering in London?
  15. I knew a librarian on 40K twenty years ago. I see a house went there then for 84K.
  16. How is renting and having children incompatible? I've been doing it for 11 years, it's only saved me hassle!
  17. Well, I suspect Brexit has caused a few to 'disappear' from the south, and those that might have 'appeared' have not.
  18. When though? If it was 40 years ago (or even 30), that's not so great...
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