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House Price Crash Forum


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  1. With respect though, that is only the reality of part of the market place. That part being the asking price (advertising) part. If you want to use "the market" to work out how to apply an actual, real-world valuation to a particular property then you need to take actual completed sale prices into account. The part of the market you quoted isn't valueless as it gives some indication of where its going but it is a long way from being the full picture. The bottom line still remains that you can tell me anything you like as to what my house is worth, as I can advertise it to you at any price I li
  2. No. Few people who inherit grannys house will have to take on theburdon of another mortgage becuse a) Granny will have likely cleared it years ago or, grannys life insurance will have clared it. Even then, there probably wouldn't be enough houses coming onto the market if every single house from a deceased estate had to be sold as a matter of urgency to have an effect large enough to crash the market.
  3. True but only to a certain extent. Many people will simply rent out their existing house and rent somewhere else if they can't sell or can't get what they want for their house. In reality few peole actually need to sell. The only ones who are actually forced to sell are those who fail to pay their mortgage. Okay, people who've inherited granny's house usualy need to sell because they can't aford to keep it but even then lots of peopel will hang on for quite a while until they get somewhere near their price. There aren't enough people who need to sell to affect the market enough to crash it - n
  4. Asking prices are essebtilly irrelevant though. It's what sales actually complete for that matters. You can put a 10 bed country pile on the market with an asking price of offers over a quid but if you aren't prepared to less then 5 million then you might not sell it. Low asking prices are very often a teaser to get people through the door in the hope that two or more of them will start fighting over it. You aren't bound by it in anyway so you may as well try it. Bottom line - if people don't need to sell then they won't and there's no way anyone can make them unless they don't pay the mortga
  5. Thsi si true to an extent but has to be qualified a bit, I think though. Even an increasing rate of job losses (if it comes to pass) won't have an immediate, strong effect on the housing market. Lots of people will have some form of loss of income insurance which will at least cover the interest on their payments; they will have redundancy payments; many people are in a two income household which will make it easier to pick up the slack if one looses a job; the statutory mortgage relief scheme (don't know the details of it) will help a bit; Mortgagees don't want to possess and sell peoples ho
  6. I don't think it is. Not from where I'm sitting at any rate. Like I said, the only thing that will, or could, crash the market is lots of forced sales and that's not happening. If people don't need to sell then they won't. Not saying there won't be a crash but it's not looking likely. Interest rates are very low. I think someone on here predicted 3 rate rises this year. How big is each rise likely to be - not very, so rates will still be low at the end of the year meaning people won't be pushed much more than they are at present. I'm not financial or economic expert but I can't see how any cr
  7. The title is somewhat deceptive; he didn't "foreclose" on them,or anything remotely close to it. Not a particularly significant story, really "Man takes company to small claims Court" is hardly Earth-Shattering. However, full credit to the guy for actually getting off his **** and doing something. Loads of people mooch about internet message boards whining about how crap things are and begging information from people on how to solve their problems only to do fvck all about it. Doing something usually isn't a big effort and no one is going to do it for you - not for free anyway. Nice looking
  8. They'll never give him the loan if he tells them what its for though. If he doesn't tell them then they will easily get a charge on the property and probably even if he doesn't default in any way.
  9. My link This is being done on another thread. The paper has misrepresented the case to give the impression that Human Rights legislation prevents non-paying tenents from being kicked out. That is not true, the case is about proportionality. The actual point in this case was that kicking her out is disproportunate to the aim the council is trying to achieve - that being, getting their rent arrears back. They have agreed a payment plan with her and have offered alternative accomodation in another one of their properties. That being the case, how can it be a proportunate response to evict her
  10. She did, it's in the part of the judgement I posted. She claimed it and it was paid and reduced some arrears she had to zero. They then wanted some additional info they she didn't provide, the claim was cancelled and subsequently reinstated some months later. The gap represents the arrears of £3.5K. She then agreed to pay it off via an arangement with the council.
  11. And the rest; The disposal of these appeals (a) Ms Powell # Mr Underwood informed the Court that Hounslow had decided, in the light of the decision in Pinnock, to offer Ms Powell suitable alternative accommodation. As before, this accommodation was to be provided on a non-secure basis. Her rent arrears would be carried forward to the new tenancy on the basis that she continued to pay off the arrears at £5 per week, subject to any changes in her circumstances which would enable her to pay more. Mr Luba said that he was grateful for this offer, and he submitted that in any event the
  12. Some of the judgement relating to Ms Powell, I've not read through it all and offer no comment yet; The facts (a) Ms Powell # As already noted, the local housing authority was satisfied that Ms Powell was homeless, eligible for assistance and had a priority need, and was not satisfied that she had become homeless intentionally. She was given a licence by the London Borough of Hounslow ("Hounslow") to occupy a two bedroom ground floor flat at 15 Pine Trees Close, Cranford from 2 April 2007. She and her two sons Zaid, born on 3 April 2005, and Nour, born on 14 April 2006, were noted o
  13. People are always asking me on here what I am, what I do, where I've lived, etc? Usually a question related to the subject matter we happen to be discussing at the time - as if it makes a deifference to the value and quality of the issues I'm raising. Seriously though, surely an EA will be too busy applying too much hair gel or polishing his Beemer to be able to learn obscure legal precidents relating to possesion and sale of repo's?
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