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House Price Crash Forum


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Everything posted by Lazybones

  1. A system based on the fact that you should neither gain or lose from expense claims and that all claims are public and open to audit should work. Cost free! Above system relies on the honesty and the openness of MP's using the system. Not too much to expect from an elected body open to being replaced/fined/jailed for abuse of power.
  2. While I generally agree with private and free enterprise I believe that there are a number of things that should not be sold off and run on a qtr by qtr balance sheet basis. This is one of them Others include: Roads Defence NHS Communications Infrastructure Energy Water The basics that are required by all and constitute the fundamental building blocks for the rest of the economy.
  3. Great comments on the site. If I was a betting man I would say its not worth anywhere near £1m let alone £3.5m. I spent a weekend in Brighton last year and its not really any better or worse than Blackpool and belive me you can get a lot for 3.5m in Blackpool. Why don't all estate agents put the sq foot area of properties they are selling in the details. At £150 a square foot it would cost £675K to build with a very high quality finish.
  4. Surveyor actually valued a house less than it was valued at 12 months ago on national TV, £435K vs £485K Phil was receptive to the notion of falling prices Phil had a beer while negotiating the sale Couple were taked talked in to paying £15K more than the valuation Is this trend for the rest of the series? Why buy on the East and West coat of Scotland, they are almost identical in terms of living standards, I think Phil's statement "You could have a house each" probably sums up the thinking
  5. I had the same problem with a property in Southport http://www.mouseprice.com/HouseDetails.aspx?PostCodeAddressID=19251495. It originally sold in 2007 for £597K to a property investment company. They then tried to sell it on marketing it at offers over £525K. It then went off the market and came back on as a repossession, company winding down etc, with Entwistle Green http://www.entwistlegreen.co.uk estate agents for £385K. They held an open weekend for viewing as it was being rented at the time. Then it went off the market sold STC while the remainder of the rental contract was honoured. When I rang to put in an offer I was told it had been sold for “way over £400K” and that it would not go to public notice, neither would they accept other offers. I found out the other day via another estate agent that it has sold for between £360K and £370K to a local estate agent. Shame that whoever sold the house failed to realise the full potential and disgusting behaviour by the estate agent. Last laugh though, someone showed me a copy of a full structural survey that the original owner had done and it shows serious subsidence and recommended the property was unsuitable for mortgage. I am sure that the EA that purchased the property will have fun trying to claim for repairs on their insurance once they realise what they have brought.
  6. Southport is a great place to live. We moved here 8 years ago. A lot of the houses are now very over priced considering the lack of big employers in the area but for their size and compared to other areas of the north west still very good value. Getting to the motorway network can make the commute a pain but I can be at Manchester or Liverpool airports in an hour or Liverpool Central in 40 mins with a 2hr 10min train to London Euston. There is a bus service to the centre of preston which takes around 45mins and is much better than driving. When we moved here people said that you either had to be newly wed of nearly dead to consider southport, it has changed a lot in terms of demographic over the past few years, lots of new money, footballers, property developers, business people etc from liverpool/manchester moving in and the associated shops, bars and cafes. Lots of people from London/Scotland moving in or moving back due to family connections as they can buy a big house in a nice area and afford to live with having to be flexible in terms of work location. Great place to bring up kids, beach, bars, social clubs etc, Lake District an hour away on a good day, lots to do. Town can be a bit loud on a weekend but its all well contained on a few streets. I would recommend either Birkdale or Churchtown villages both about 1 to 2 miles from the town centre and much nicer places to live but this is reflected in the prices. When we moved here the most expensive house for sale in the town was aound 500k now there are lots at 1-2m+. Actual selling prices have started to come down but estate agents are still very bullish and pitching asking prices very high. I suggest you spend a weekend in the town to see if it is for you and try the comute a few times at peak and off peak times to see if you can live with it. Good Luck
  7. http://news.bbc.co.uk/1/hi/magazine/8417205.stm shows that the top 10% of tax payers pay more than 50% of tax revenue, not a good position for the UK.
  8. Sign of returning confidence or just plain silly? http://www.rightmove.co.uk/property-for-sale/property-11501670.html
  9. Do we really need such large and expensive councils? Maybe it's time to look at alternative cheaper models to run council services. Raising additional money through taxation is a zero sum game.
  10. The one in Swindon closed a few months ago
  11. Yes, a few examples below, still overpriced by at least 100k each. When you look at the average price for some of the streets in PR8 there are few roads that can boast an average property price over 500k while there are many houses for sale at close to 2m and lots in the 500k to 1m bracket. IMHO there are no houses worth 1m+ in this post code. Compared to nearby Formby they are still a bargain http://www.rightmove.co.uk/property-for-sale/property-21506488.html http://www.rightmove.co.uk/property-for-sale/property-12608664.html http://www.rightmove.co.uk/property-for-sale/property-6870285.html
  12. I would buy a Saab or other new car if the dealers would accept a sensible price. If a car costs 8k to make how does it end up at 20K+ in the showroom?
  13. Southport (Merseyside/West Lancs) prices pretty static, not much moving although estate agents claim otherwise, most claiming 10-12 sales per month, so this would mean between 60 and 100 sales between them, land registry figures do not support this this. I am seeing maybe 12 a month registed on nethousprices.co.uk and most of these are low end. Prices are holding but this simply leads to few sales. Lots of very overpriced houses in the £1 to 2m range, this is leading to everyone inflating asking prices across the board. I would be surprised if there is any house in Southport actually worth £1m+ either today or in 2007.
  14. Old style forum is easier to read. New style does not work well in firefox, latest posts do not appear on the home page.
  15. Quick, invest in shares of domestic waste compactor companies :-) http://www.thebincompany.com/acatalog/Dome...mpactors_6.html Maybe set up a managed service for your whole street/neighbourhood :-) Where there is trash there is cash. How much do councils make from their tin/paper collections each week? Why are they happy to collect half empty recycle bins each week using a large lorry but not empty my wheelie bin on a weekly basis? Is the cash being used to reduce council tax bills or wasted in the larger system
  16. Similar situation in southport, a number of properties going STC and then coming back on the market a few weeks later. Lots of estate agents have now downsized so the offices are closed when they do viewings and at weekends.
  17. Its still for sale. and has been for a long time, much longer than the 29 March 2009 date on Rightmove. I would say it has been on the market for around 18 months at least. Selworthy is a funny road, asking prices went up a lot last year when the golf Open came to Southport. A recent spell of violence and shootings at one of the houses on the road has not put people off asking for such sums. http://www.southportvisiter.co.uk/southpor...92534-24227462/
  18. http://www.dezrez.com/DRApp/Search.ASP?WCI...p;WCE=001488022 31 May 2009 * Price changed: from '£989,000' to '£1,100,000' Have seen a few like this recently. Also all estate agents in the area are talking up the market right now Two stories below on rising prices and falling numbers of repossession cases going to court http://www.southportvisiter.co.uk/southpor...01022-24469976/ http://www.southportvisiter.co.uk/southpor...01022-24469975/
  19. Would like to buy sooner BUT only at a realistic price. Happy to sell current home for less and move up while paying less. Current place will be paid off within 5 years, so happy to wait. Bigger question is when/how can we fix the economy. In a free market everyone should be looking to accept lower pay in the current conditions, from bankers to waitresses, the overall market would fall then rise again. As none of us are really prepared to do this we enter a period of artificial market making by industry and government that only creates more problems for the future.
  20. Hi all, What is the process for a repossession to be sold on? I have seen a number of repossessions come onto the market via local estate agents, when an offer is received they put a Notice of Offer in the local paper, what happens next? If someone makes a higher offer on or before the closing date does this offer need to go-to a further notice or is it the case that the highest offer wins? Can an offer be withdrawn or reduced say based on a survey? Does the person who made the original offer get the opportunity to increase their offer? Is there even a legal/official/best practise for this? How much under the estate agents valuation do you believe is a reasonable starting point. I saw one house valued at 334K the EA said they have had offers between 280K and 320K all of which have been rejected but believe they will receive an offer this week that will go to notice? thanks lazybones
  21. Saw very similar in Thailand during the late 80's and 90's, lots of high rise construction projects in Bangkok that only got to 4-5 floors before being abandoned, you can still see a lot of foundations with rusting steel today.
  22. Sorry, I must have this wrong it last sold in 2005 for 825k. I am sure a friend looked at it in 2003 or there abouts and it was at 500k. Anyway by the time this crash is over I would pay around 500k for it, including the work. It is on a very busy road.
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