redmen9
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Halifax Hpi September 2010 -3.6%!
redmen9 replied to Pent Up's topic in House prices and the economy
To quote Fracncis Rossi Whoopy, bleedin, do! Let this be it! -
Ah, the good old Renting v Buying debate. Ultimately it's sentiment and security that lead people to want to buy isn't it, if you discount the ingrained notion driven into us that houses are investments. The downside is that your landlord can turf you out, that you cannot make any alterations etc. Upside, on my part, living in a house that would fetch in excess of half a million pounds for £800 a month! £800 a month, what would that get me, a 2 bed terrace? three bedroom ex council house on a rough estate? Am I happy renting? Yes definitely, like I say, I'm living in a house that would cost me £3000+ a month were I to buy it whilst I also manage to put some savings aside. I do however still harbor the urge to buy despite the overwhelming financial incentive for me to continue renting. Crazy eh! But happy renting? Certainly!
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If she's the girl in your avatar, then I'd happily spend a little of my STR fund giving her little jobs around the house!
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Welsh Housing Fears Over Cuts
redmen9 replied to The Masked Tulip's topic in House prices and the economy
Historically never had to worry? Are you having a laugh? Tell me you're being ironic! Conquered by the English, raped of our mineral wealth, rich English landowners feasting on the back of solid hard graft by downtrodden Welsh workers. Is it any wonder that Wales has become so dependent on Government sponsorship? A constant drain of Welsh talent into the English metropolises and what do we get in return? Rehoused English social problem families and English pensioners! Thank you very fecking much! -
Ea Gives Me Honest Opinion
redmen9 replied to brocken spectre's topic in House prices and the economy
My brother in law had been talking to his EA friend the other day and he mentioned that the EA had said that business was very slow. Houses were coming on to the market but were largely being put on at unachievably high prices. Asked why this was the case, he said that vendors actually believe that their houses are worth that much. It will take some time for vendors to realise that the market isn't the same as it once was and that the money just isn't there any more. Once that penny drops, perhaps we'll see the correction we've all been waiting for. -
There was a house opposite my in-laws that went on the market after the old fella that lived there died. The family initially put the house on the market in 2007 at £185,000. Price didn't budge over the course of the next couple of years and was finally reduced to £165,000 in late 2009. The house has now been sold, family have moved in. Look at "houseprices.com" to see what the house eventually sold for, £130,000!! If the family hadn't been so greedy and put the house on at a more realistic £165k in 2007 it probably would have sold, as it is they chased the market down and eventually sold at marked down price.
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I noticed that, no longer do we get the "House prices are up, back of the net! result!" type reporting on the BBC. Now it seems they are worried that reporting HPI as a positive might encourage more people to pile in (if there are that many people waiting on the sidelines) and start another bubble.
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Cheers, message sent!
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Can someone tell me where I can find my local MP's email address?
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A Warning To House Sellers...
redmen9 replied to TheCountOfNowhere's topic in House prices and the economy
I was thinking exactly this earlier myself whilst reading the papers reporting the £6 billion cuts as being a tiny step on a long hard slog towards the summit of the £850 billion debt mountain. Any prospective seller, people who bought their house as a retirement vehicle or have stubbornly sit tight and refused to drop their price waiting for the full recovery to kick in are going to start thinking "better sell now, before the real cuts start". Flood of new houses on to the market with prices going one way. All these overseas buyers keeping the London market propped up, how long do you think before they realise that the dream they're buying into is actually a very scary nightmare? -
Welsh Assembly Won't Cut This Year
redmen9 replied to The Masked Tulip's topic in House prices and the economy
Not meaning to be pedantic, but Ambulance is derived from Latin as is much of the English language. Most languages borrow words from other languages but I agree, it tickles me when I drive past a Welsh Kwik Fit with the words "Brecs, Teiars, Ecsosts, Batris" but what do you do, these are new words aren't they. -
Welsh Assembly Won't Cut This Year
redmen9 replied to The Masked Tulip's topic in House prices and the economy
duplicate post. -
Welsh Assembly Won't Cut This Year
redmen9 replied to The Masked Tulip's topic in House prices and the economy
God the ignorance! Welsh is spoken by over 20% of the population and is on the increase which is quite remarkable really when you consider the amount of English born people that have moved to Wales which actually outnumbers the Welsh speakers!! I live in a predominantly Welsh speaking area and can assure you that speaking Welsh is NOT a golden ticket to get on the gravy train. Go to Caernarfon (the town with the highest proportion of Welsh speakers in Wales) and see the poverty. Go to Holyhead or Llangefni and see the small nearby villages with their high levels of drug dependency. The ability to speak Welsh gets you nowhere up here. Down South Wales however, where the money is spent, that's where you'll find the gravy train riders, the crachach (a Welsh sort of old boys network who look after each other). Wales has contributed much to the building of the British Empire, a country rich in mineral wealth with coal that fuelled the industrial revolution. We've given in a damn site more than we've ever taken out over the years, yet is it any wonder that Wales is constantly reported as being amongst the poorest areas in the UK, the poorest areas in Europe if you look at the objective 1 funding that Wales has received over the last few years. I agree however, that the cuts should start now, heads in the sand syndrome. -
Well I sold my previous house to people who turned it into a holiday let. I look up their web page to see how it's doing for bookings from time to time hoping their doing really badly. Looks like this Summer they seem to be booked up about 50/50. The rate is £150-480 pw. They bought it for £150k. Is that a good bit of business by them?
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Chart Of The Day: House Prices Versus Earnings
redmen9 replied to AvidFan's topic in House prices and the economy
Yet the amount of facebook groups campaigning about the high cost of petrol is growing, people going on their summer hols will be stunned as to how little they get for their pound. If only they had the means to put 2 and 2 together and realise why this has happened. -
Taxpayers Profit From Bailed Out Bank Shares
redmen9 replied to Beggar Thy Children's topic in House prices and the economy
What goes up must come down. Shares might be going up now, but what happens when they tumble, who carries the can? Still good news? -
These people are trying to gain ridiculous profit from their 'investment', only fair that they have to put in a tiny bit of leg work if they expect to realise tens of thousands of pounds of profit. The only person having his time wasted is the OP if he genuinely thinks he has no chance of having his offer accepted. Fair play to him anyway, the good word needs spreading.
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The Current Situation Summed Up In One Video
redmen9 replied to AvidFan's topic in House prices and the economy
So the credit crisis was caused by too much borrowing and the 'recoverh' is being locked in by borrowing more. Can't see where the flaw is in this policy. -
The bald car blagging cockney spiv character that deals with all things 'financial' on the One Show said earlier, whilst talking about ISAs "when the base rate starts to rise, as it will do soon...." Rates at 0.5% for the next 5 years it is then!
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Sold to rent in Sep 2007. Living in rather cramped conditions, not ideal, but as the rent is cheap, we've managed to bank an extra £35k to add to our STR fund. Since selling, I can honestly say that despite the asking prices of some houses in my area rising, all I've really seen is that overly valued houses sit on the market for years whilst more reasonably priced houses are the ones that sell. I've seen many 'SSTC' and 'Sale Agreed' signs on houses only for them to come back on the market in a few weeks. Over the last few weeks I've also seen a large increase in the amount of houses coming on to the market. If people realistically want to sell they need to price houses reasonably. I know of a house that was bought at £350k in 2004 but was sold for £285 in 2008 as the seller had to move with his work, a £65k hit! Another house I watched was initially priced at £175k. I thought they were being incredibly greedy thinking the house should be on at nearer the £150k mark. 2 similar houses sold on the estate for £150-155k. This house eventually sells, look at the houseprices.co.uk site, sold price £130k! I take great heart in these transactions as they prove that we are no longer in a pre 2007 environment. Hold steady and don't believe the hype.
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Yep, she reported it all with positive spin suggesting that house prices having 'recovered' to 9% yoy meant that more people were buying and that the market was well on its way to recovery. That's right then isn't it, a 9% increase in house prices over the year will mean more people will be able to buy and the record low transactions will start increasing at great velocity from here on in. That boat is leaving the dock, get on board quick........yeah right!
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ITV news reporting it as a pretty even contest, with Darling losing ground slightly, Osbourne gaining some respect and going some way to losing his 'weak link' tag and Cable being the man in the middle of the big two but getting all the audience applause.
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There's a romantic notion that the countryside is crime free, or at least far less crime than in the towns. The reality is there's less crime because there are less people. I saw one of the property porn programmes a while back with this couple retiring to their idyllic village home on Anglesey. A smile developed across my face as I realised the village they were buying in was one with a really bad reputation for crime and drug dependency. Nothing like a bit of local knowledge is there.