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House Price Crash Forum


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About Beaker

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  1. Beaker

    Nearing the end of my sanity..

    Best advice anyone gave me was to view the deposit as a 'moving in fee', then do whatever the f*** you want. Decorate, cover the wall in picture nails etc etc...
  2. Beaker

    To buy or not to buy???

    Just a little word of caution. The bottom is likely to be when 25% of priced out potential purchasers are priced in. This will then give the market enough of a kick to stabilise and potentially climb again. There was a lot of talk a few years back of 'pent up demand'. Unfortunately i think its still there, and it'll jump in (credit allowing) before it gets to the drops we're wishing for. If you can afford it, and it's equal or less than similar stuff two years ago (not a flag flyer, in other words) and you can fix the **** off the mortgage, then you might as well jump in. At least, as a member if this group you'll be doing it with yours eyes open, and not blinded with you head up Carney's ****, like the rest if the population!!
  3. Beaker

    Nationwide Dec 18

    You seriously believe labour would be any different?! at least you kind of expect that from a Tory govt - the country is getting what it voted for. What really gets to me is when labour get in and behave exactly the same way. Proper hypocrisy. Just look at the expenses scandal. Little difference between the main parties when there's an opportunity to get some easy cash.
  4. Beaker

    New Build Losers

    You need to look no further than the beauty that is Harlow Town Station car park, sorry I mean Edinburgh Gate Harlow. New builds of around 2006. The odd one or two make a profit, but every other make a loss. Outstandingly crap. Search in houseprices.io for 'edinburgh gate' and they'll all be listed,
  5. Have a look on rightmove. In my very desirable little town you could buy in excess of 200 dwellings. There are only two shortages (and neither are the number of available houses) 1. Shortage of places people can afford 2. Shortage of idiots who'll pay those prices. (Or call it shortage of credit if you like.) Prices are purely based on provision of debt. Nothing else.
  6. Beaker

    Restaurant chains suffering?

    Had a £100 voucher to spend in Zizi's last night.. Apart from the pizzas (of which my Christmas special was pretty soulless, everything else just clearly a prettily presented ready meal. The starters, wife's pork belly and the deserts. Makes me wonder how they get away with it. Is the UK's ability to cook our own food that terrible that we think this is good? Apart from the wine (Argentinean Malbec really quite good, and [for a restaurant] reasonably priced), the whole thing just fell flat. End result, £103 for two adults and 1 kiddie. Won't be repeating that with my own money!
  7. Beaker

    RICS -10% balance

    There are some corkers in there.. .."Mark Everett, FRICS, Epsom, Michael Everett & Company, markeverett@michael-everett. co.uk - Buyers scarce and vendors struggling to accept the reality of falling prices. We need urgent closure to Brexit negotiations and a serious reduction in SDLT."
  8. Having been an observer for many years, I consider the RICS survey to be the best forward looking report, LR is the best backward looking. Reports inbetween are just paff. If Rice say we're going down, we're going down.. (in my view)
  9. Gotta love the optimism of the 'potential'rating too!
  10. I think we're starting to see some importantvdrops in North Herts. I've said before, I think the froth blew off from bout 2016 when London slowed up /stopped. However I'm now starting to see drops of houses that people don't want to buy at the low end. I know this sounds odd, but think about it. When prices boom, there seems to be a minimum that any pile of junk will achieve. From remembering last time, it's when these places start dropping that things get interesting. These are the significant drops I'd love to see, not just lowering of the 'flag waving' flag from 100% to 80%.
  11. Beaker

    Budget 2018 announced

    I'm one of those, however I'll be voting lib dems next time around. Wasted vote or not. Conservative house policy screwed me over for years. I got a help to buy IS A which wasn't valid because my shoebox in Hertfordshire was more than 250k, then didn't get the stamp duty relief because my wife part owned a house 17yrs ago. F**ck'em I say.
  12. Beaker

    Pay pressure on businesses in the UK

    Yes, in Engineering very much so. Having to offer quite high wages for the newcomers that we struggle to recruit, but luckily this is also feeding into pay rises for existing staff to retain us.
  13. Blimey, the things you have to do these days....😁
  14. Beaker

    Halifax Aug 18 out Fri Sep 7th

    Surprised me actually how few you'd need. 16 big Macs per day. Of course, that's just your rent, and working 7 days/wk. I thought it would be hundreds!
  15. From my daily RM trawl in an affluent part of North herts, things down significantly on last year. Regular 2 bed houses 325-350, nothing under 325 last year. This year 280k+ and some choice around this price range, however overall qtys on listing about the same as last year. I think 2016 was higher, but I wasn't keeping tabs so closely. London drying up clearly the cause.

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