Jump to content
House Price Crash Forum

Jim B.

Members
  • Content Count

    1,321
  • Joined

  • Last visited

About Jim B.

  • Rank
    HPC Veteran
  1. HA HA HA. You obviously have a very short memory or are about 12. I remember the last recession in Bristol. Prices in Bristol are simply unsustainable. They will collapse next year.
  2. The low has not been reached as an artifical floor has been in place for political reasons. Low interest rates, government ordering banks not to reposses etc. After the election I think nature will take it's course. We were expecting a bear trap/dead cat bounce and we've had one, it's downhill from here.
  3. If you thought that through you would realise it's not possible. 2007 prices were what they were because of massive easy lending. You won't be able to get to those prices again in the current climate, or at least in the next 5 years I would think. Just think through logically waht you are saying. There is nothing to support these prices. This data is all skewed because of the low transaction levels. It doesn't paint a true picture.
  4. The best deals are still for those who want 60% so I think they are thinking of more than 10% falls
  5. Purely anecdotal but there is a nice little street behind me with about 15 houses on it. The type that a teacher or a young professional couple would buy. Anyway, there was nothing for sale on it a few weeks ago and now I was shocked to see 4 houses for sale and one for rent. Looks like the flood of properties has started, so good news for lower prices.
  6. Now, I'm no expert myself, but you could get the cheapest mortgage on offer with that much, the low rates they have for 60% LTV. So, if the rate you were paying was significantly less than you could get for a fixed rate bond you would actually make money out of this. I.e borrow £100k at 3%, put your £100k in a fixed bond for 5%.
  7. +1. But wait a while. You will be in a superb bargaining position. You should get at least 10% off for a quick cash sale.
  8. Well done. I can't believe they are leading on '81% Up'. What a selective, and biased, ways to look at the figures.
  9. +1. Unless you can get a real bargain now (50% of 2007). Unemployment is rising, this will be added to by the public sector cuts, banks are not lending silly money again. IMO house prices will only go one way. House prices do not rise when unemployment is rising rapidly, you don't have to be an expert to know this.
  10. Sell as quick as you can. You've only got a small loss so far. Prices have to drop further, and flats more than houses. The worst type, yes, shared ownership. These will be impossible to sell, as people will be able to buy flats outright.
  11. Door slammed on ftb's http://www.guardian.co.uk/money/2009/sep/1...uyers-mortgages and in the comment section, the ever bearful Patrick Collinson 'Too soon to talk about recovery' http://www.guardian.co.uk/money/2009/sep/1...es-house-prices "So, we still have high house prices, high interest rates, high deposits, and no wholesale funding. Just what sort of base do the "optimists" think this forms for a "recovery"? I'm in the other camp of optimists – those who are optimistic that prices will stagnate or fall for years to come."
  12. I'm convinced things are going to get much worse. The economy is in a terrible state, unemployment will soar, cuts in public spending. More specifically, I was reading in the Guardian, that house prices are still very high, mortgage rates for anyone wanting over 60% are on average over 6%. So essentially not much change from peak, yet the lending has vanished. There is only one way prices can go.
×
×
  • 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.