Sibley's Love Child
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Posts posted by Sibley's Love Child
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The biggest mistake such articles make (a la 'FTBs will be over 40 by the time they buy') is basing their conclusions on an unchanging property market.
It wouldn't be so bad if they factored in falling prices and how that would be to the benefit of FTBs.
But of course (to paraphrase Khards from the blog) the DM readership wouldn't have the satisfaction of looking down their nose.
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Still, credit where it's Jew.
Ba-dum tsh.
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The usual shroud-waving guff from Shelter with the ever-loathsome Guardian the willing messenger.
This was the same axis of evil that were lobbying the government against the HB reforms.
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well written
plus he was right there was no big HPC
Yup, he may be cerebrally challenged but he was right (up to a point) on that score. His mantra 'the govt wouldn't allow a crash' was rightly ridiculed but f*ck me did he not have the last laugh.
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There's still life in this ponzi scheme yet cap'n. If the entrants are no longer willing then we'll simply extort the capital by force. F*cking bravo.
Wandsworth council are doing something similar but using the proceeds of right-to-buy to fund FTBs deposits. That's a win/win for the homeownerists; lose one unit of council stock to the private market while helping a hapless FTB onto the great debt servitude lottery.
T
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One thing I don't understand is why of all the UK financial institutions, only Nationwide and Hafilax publish indices. There are a lot of other banks and banking groups who must have copious notes on how much they are lending for mortgages.
Anyway September is a bad month for selling houses because the kids are all going back to school unless prices have risen; in which case Mummy and Daddy will want to kick off the academic year with a shiny new house for the kiddies.
That's a very good point. Take Santander, they have the largest share of the mortgage market at around 17%. Halifax is only 8%, NW somewhere in between.
As for the LR, i'm plumping for a rather anaemic -0.2%
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Spent five years in SE17 until 2010 so know the area very well.
If you like life a little 'edgy' or 'vibrant' or 'lively' then that's the place for you. Given the prices commanded in the area, there's obviously enough well-to-do people (but can't afford Dulwich or Clapham) happy to live in third world, crime ridden, chav infested sh*te hole. Don't get me started on the bad points.
On a serious note, were I a woman I wouldn't feel too safe living practically inside Burgess Park. Not so bad in the daytime (Chumleigh Gardens is lovely); not so good by night.
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Pathetic shroud waving from one of the last decade's arch-rampers. No different to their faux hand-wringing as per adults unable to leave the family home.
The DM and their ilk got their HPI they so cheered on and now they have the temerity to bemoan the logical socio-economic consequences?
F*ck you all and your rotting cadavers.
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One battered pizza per family?
Won't anyone think of the wee bairns?
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Congratulations Kit you've won the race to the bottom for UK plc.
It remains to be seen whether this new low can be bettered.
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Even better, while 'Laffetz' as a firm are registered with the FSA to provide financial advice, Stuart Law isn't.
Still, you don't need to be registered with the FSA to get your financial 'advice' peddled in the gutter press.
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Poor Sentance, pretty much the lone voice for IR rises month-in/month-out (of course Weale & Spencer got on the act but too feckin' late).
Even that w*nker Blanchflower had a few public pops at Sentance, ostensibly an op-ed from the ramping rag that is the Evening Sub-Standard.
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Since I joined HPC, none of the big three indices has fallen below £160K. This one is currently the closest... Down 1.1% would do it!
EDIT - none of them have gone above £170K either, but I'm not so keen to see that!
Ah, those halcyon days of 2008, like a fine wine.
Edit: -350% MoM
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This thread hasn't been consigned to the off topic forum yet? Mods, you know the drill.
Sheesh, it's like a mumsnet thread on acid.
Get a friggin' grip men.
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its over. there is no horizon.
Sorry, I appear to be fresh out of hugz.
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i was recently looking at some stats provided by the IPCC that showed a 95% correlation within 2 SD's between the number of EA branches and the number of UK homeowner twigs over a statistically relevant period of time although the number of hockey sticks used in girls schools had an inverse correlation with both over the same period.
I think you may have mistaken causation for correlation.
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I will welcome the demise of 100% of EA branches.
I don't think they are needed anymore, the web has seen to that. All that is sustaining their business model now is the systematic promising of unrealistic prices to sellers. I don't think that will last for much longer.
That the prop in question has been unsold for a year indicates it's overvalued. Equally, EAs recognise that if they don't overvalue to gain the instruction a rival will. F*ck em, they're the architects of their own demise. This is the business model they created.
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Hi All,
Currently looking at options of whether we should extend or move.
Having spent about 6 weeks looking at what's on sale i'm disappointed by the nasty overpriced slave boxes around where I live.
Finding anywhere significantly better than where we currently are launches us into really silly money.
However, one place caught my eye which ticks most of the boxes so we thought we'd arrange a viewing (last time I did that was 1996).
The property has been on the market for over a year and in that time the price has gone from £500,000 down to £400,000 (bounced everywhere in between) and a few days ago the price moved up again to £419,000.
Conversation with EA goes as follows...
Me - "Hi i'm interested in viewing property blah blah blah"
EA - "Can you make it this afternoon as we have someone else viewing today too?"
Me - "Sorry can't make this afternoon but any other weekend is currently good for me"
EA - "Are you able to complete immeadiately or do you have to sell your house?"
Me - "No, our house isn't even for sale yet we've only just started looking but this is the only house we've seen that looks interesting"
EA - "Sorry the vendor is only allowing viewings for people who can complete immeadiately"
Me - "Sounds strange considering his house has been on the market over a year. Call me back if he changes his mind".
Do you reckon this is the EA playing some odd game (as they were happy to let me view if I could've made today) or could the seller really have given the EA this instruction?
It is for this reason why I welcome the inevitable demise of, say, 20-30% of EA branches over the next couple of years.
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+1. I think it was the Financial Stability Report a few months back that reckoned up to 12% of all UK mortgages are now in arrears, and I can't see that figure going in any direction but up for the foreseeable. Just wondering at what point forbearance becomes unsustainable for the lenders.
Ironically, it is the FSA encouraging lenders to exercise forebearance and only repossess when all other avenues have been explored (as per 'treating customers fairly' charter'). The same FSA then has the f*cking gall to warn lenders that they're storing-up trouble for themselves by relying on forebearance (recent-ish article in Mortgage Strategy, I think).
It'd be funny were it not so pathetic.
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Paper article on High Net Worth individuals. So I appologise that I cannot print it in full. Insurance Times 16 Sept 2011.
Here is an aside, not something they comment on in the article as they are focused on selling insurance to the rich.
"Home repossessions were 40% higher in H1 2011 than in H1 2007"
Has anyone seen another publication advertise this figure. It seems quite a dramatic one given the record low interest rates and all the help home'owners' have received in forebearance from the banks and handouts from the government.
Another interesting set of figures is on average 16% national increase of millionaires in the UK 2008 - 10. Looking at the map it's even from North to South (e.g. Scotland 18%, NE 17%, NW 16%)
Where has the money come from to make these people millionaires? Cash is depreciating, property too, shares are losing. My guess is it was share prices since the increase is up to 2010. All very odd though.
Can't say i've seen that fig before; CML reckoned 40k repos this year (compared to 30k last year, I think). Of course due to said lender forebearance and rising mortgage arrears this figure should be a helluva a lot higher.
Ho hum, all they're doing is making it harder themselves in the long-run, gravity always wins.
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I thought that bloke who mentioned Thatcher was going to get dragged outside and lynched
Yeah, got off on a good start by bugging up the anti-euro bloke. Flushed himself down the sh*tree by eulogising Maggie in scouseland of all places. Oops, back to history class for you.
Edit: speellong.
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Brilliant last bit from snapps, followed by insane claps for caroline flints comments! But at least snaps wrapped it all up well, winning some good support!
Caroline Flint is f'ing useless, she speak 105% pure ********! Eg the comment about the energy Market being uncompetative, even though ed milliband was energy secretary.
David dimblileby is doing his best to blunt any rightwing support!
Flint is definitely jostling Hazel Blears for top spot in terms of loathsome MPs.
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Supercilious tw*t pushing the odious first time buyer scheme, natch.
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Long overdue an update. Haven't seen any news on them whatsoever. They kept a high profile on the way up, I imagine they're keeping a low profile on the way down.
700+ houses to sell all in the same area? Madness.
Rantnrave and I spend a bit of time over at Estate Agent Today, as luck would have it there's an Ashford based EA. Well, I couldn't pass-up the opportunity...
http://www.estateagenttoday.co.uk/news_features/House-prices-in-new-rises-says-Zoopla
We Have A Country Full Of Stupid Sheep
in House prices and the economy
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Who are these people that you speak of, or is it just empty rhetoric?