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House Price Crash Forum


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About Beckenham

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    HPC Poster

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    Beckenham, Kent
  1. Bickley and Chislehurst are nice leafy areas which is why prices are high; lots of people want to live there and are prepared to pay those prices (it's the same for Beckenham, West Wickham etc.) Grove Park is a shitehole and hardly anyone wants to live there (unless they're into dodgy pubs, fast food joints and 'yoot's prowling the streets.) Hence the prices are low. Grove Park is the Bromley borough in name only. It's more like Lewisham. If the poster wants to get to Charing Cross then he should look at Hayes or West Wickham. 40 mins into Charing Cross (direct.) As I said if you need to get to Victoria or Blackfriars then Bromley South / Shortlands / Beckenham are the places to look at (25 mins or so direct.)
  2. In the Bromley borough there are some lovely areas. Prices are high as a result. You can get into Blackfriars or Victoria in around 25 minutes from Bromley South or Beckenham Junction.
  3. What is truly laughable about the hatred of the Wilson on here is the reason for that vitriol; all the so called 'experts' in economics on here couldn't see the money making scheme that two teachers could. Believe me; unless the entire system collapses (in which case we're all screwed) the Wilsons will come out of this multi millionaires. They are not leaches or parasites; merely people who were prepared to take risks in order to accumulate wealth. Most of you missed the boat in respect of housing in the late 90's. A lot of you are angry about that. You're also angry that the price crash you wanted hasn't happened. What you fail to see is that you are the ones obsessed with house prices; most people just see their house as their home. I'm sure the Wilsons will have no sleepless nights about criticism from people who are so piss poor at financial forecasting.
  4. A nice house in an area you want to live in that is affordable on your income that you'll lose for 5%? And you think the builder is the greedy ‘****.’ This is the very essence of the HPC hypocrisy; you who bemoan those who see houses as cash tills or investments are completely hung up on the price. 5% is such a small margin that over the lifetime of a mortgage you won't notice it. Yes, you may get it cheaper but you may lose it. A house is a home- if you want to live there in the medium to long term then house prices don’t matter. You’re not buying at the top of the market; you’re buying for a reasonable price. I sold and rented at the peak band waited. Then I bought for a good price in a nice area. I don't want to move for 15 years at least. Sellign and renting was something I had to do but I'm so glad I now have a house tha t I'm settled in. Money isn't everything. And a paper profit is nothing. Good luck; I hope you’re happy whatever you do.
  5. The price is what people will pay. Nothing more or less than that.
  6. Fixed rate mortgages mean that this isn't the case any more. How many fixed rate mortgages were there in the last crash?
  7. So many people either have no mortgage or have massive equity in their homes (I know HPCers like to think everyone overdosed on equity release but that isn't true.) Yes interest rates will probably go up but a great many people are on fixed rates and this won't have any effect on them.
  8. Good post. Many are in stable jobs, still have cash and couldn't care less about house prices. The recession juts means a better shopping environment.
  9. That is guff of the highest order. I wouldn't expect a GCSE student to write like that.
  10. Why bother? Life's too short. I doubt anyone who I work with would consider £5 a day to be a lot. Most get a £2.50 coffee in the morning as well and I suppose you could drink a nescafe at work but, again, why bother?
  11. Ha ha. I work in Hoxton and I see no fear at all! Stop being hysterical. My local sandwich bar has seen no great fall in profit. People still need to eat and £5 a day on lunch doesn't break the bank.
  12. Saw a nice place, on at £299k. Reduced from £319k Me: The problem here is that I know if I wait it'll go down. We only need a 15% drop and it'll be so near stamp duty threshold that no on will pay over that. EA: These houses will never go below £250k. Me: But we're already over 7% off peak. We only need to get 15% off from the asking price and it'll be £254k. EA- No, it'll never happen, the area is too good. Me: It happened in the late 80's / 90's. EA: Well (you guessed it) it's different now... -I bang my head against the wall- After this friendly chat I asked him when he became an EA. He said 1995.
  13. He just read my e-mail (before Iain McWhirter started talking) :-)
  14. Simon Mayo is talking about 'how bad the market will get' on Radio 5live. He wants contributions from listeners. Surprise surprise the Scottish financial correspondent that appears on 5 live has just said (to paraphrase:) 'It's different this time.' Get on and spread the word.
  15. I've just sent this e-mail to the BBC News feedback site. Dear Sir/madam You are reporting a -3.8% reduction in year on year (yoy) house prices following the HBOS figures released today. The yoy figure is misleading as it is calculated by reference to 3 monthly periods. This appears to be a ploy to deliberately downplay the figures. If you compare last May to this May (which, call me crazy, but a year on year figure should do) you will see that: Average price in May 2007- £196,636 Average price in May 2008- £184,111 A 6.36% YOY reduction. From peak (August last year) this is a 7.8% reduction I would be grateful if you could note this. All journalists are reliant on press releases from vested interests but it is important that an independent organization such as the BBC analyses the figures themselves and reports in a manner that is fair and does not mislead the public. HBOS’s spin should not be reported as fact. The numbers don’t lie. Kind regards XXXXXXXX
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