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House Price Crash Forum


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About JustYield

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    Ladder denier.

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  1. Anyone else like Orion (Paul Oakenfold remix), Diamonds in the Sky? From about 45 mins: It's the only thing recently I sought out on hearing it, download easily available. Obviously better played loud or on bass-heavy cans.
  2. A fair assumption I think. Maybe the forum could be renamed, HousePriceErosion? I was in Phuket in June and some of the 100+ year old fir trees in front of the Marriott hotel had been undermined and swept into the sea, the day before we arrived. Coastlines never stay the same for very long.
  3. DLR to Greenwich, run up the hill and grab a minicab from Mad Mike's Cab's to New Cross, get on next train to T-Wells (or the secret villages to the south). Sorted. You'd have to leave the Ferrari behind, granted.
  4. I know you've explained before FreeTrader, but what is your interest here? Is it anomalous valuations, the madness of the property market or do you have some specific affinity to eroding coastlines and the properties thereon? What happens when these houses are eventually swept away - is there any insurance on them? Will they get bailed out, just "because"?
  5. I don't know if she successfully passed on her increased variable costs to the renters! Just sayin' - she thought this was a perfectly valid course of action. It does amaze me how many people seem to want everything their way. It doesn't occur to everyone that they can say "No" (or the Anglo Saxon equivalent there-off).
  6. That is one reason for marginal price rises, sure. Does not mean it is the only reason or indeed the main reason. In a shortage scenario for basic necessities, people will make alternative arrangements (e.g. more people to a house, basically, thus reducing demand). Demand is quite elastic in the rental space. Only those who can afford to will pay ludicrous rents, either because they are not bothered, have financial assistance or are so downtrodden they are willing to part with the majority of their take home pay for shelter will participate. Anecdotally, a long time ago an amateur landlord told me she'd sent a letter to her tenants to demand an increase in rent because her mortgage interest rate had increased! Apparently renters in the UK just suck it up.
  7. What the actual ******?! It's as if a company were to do a rights issue and say, "you can participate [by putting up new cash] but don't worry, if you don't we'll compensate you anyway [for the price fall per share]". And who is to be compensated: those who are selling or those who have no intention of selling in the near term? Remember an economy does well if lots of people are in work in the community buying goods and services from each other. House prices follow, not lead.
  8. I think BTL is fine. Renting should be encouraged and made less shit though. Let someone else own the property, what's this obsession with owning?! Ultimately rents will be whatever people can afford, from post-tax unlevered income. Edited to chop long quote of OP which I thought was funnily-long.
  9. What's the most rational, collective response to the risk of IRs increasing? Collectively take on more debt!
  10. Personalising HPI in this way could backfire spectacularly.
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