I Told You So

this just confirms everything i've ever thought about these 10/15/20 flat portfolio amateurs, hugely leveraged, no idea, ir only ............. he's sooooooooooooooooooooooooooooooooooo going bankrupt this is just the tip of the iceberg, there will soon be tens of thousands of theses portfolios flooding auction rooms across the country

A good rule of thumb is that a property will have to fall far enough to generate an 8% gross rental yield. This is what traditional landords used to look for as a minimum to cover all other costs. So get your calculator out, you will be shocked at how far some properties have to fall.

How can he possibly spin this weeks disasterous figures Hes got it soooooooooooooooooo wrong Will have to get this weeks Sunday Times for the entertainment value

I TOLD YOU SO

Out of interest how easy would it be for Brown or Merv to change the way CPI is calculated? I thought CPI is the same across Europe.

It as in West London massively - at least double amount of flats listed, and one agency a 3rd are BTL cause they are pictured with no furniture, probably more.

I'm sure he was originally an ex 2nd hand car dealer on something like 5th Gear, thats how he got his break in TV Oh hang on a minute he's a property expert now

His usual drivel in the Sunday Times, trying to dismiss the Halifax drop of 2.5% as a blip, said "if you go to some of the darker corners if the internet they have been wrongly predicting a crash for years" (must mean us). Basically, upshot was no crash small falls etc etc etc Hope he choked on his cornflakes this morning when he heard the RICS report. Yes David that was 30 years. What a knob, hes got to be fired.

between 2.8% and 3.0% could be massive though, they really are screwed expect a revision of CPI upwards in the May inflation report

My local EA's are listing loads of new flats many are empty so must be BTL. As FP pointed out a week a two ago the new CGT rules apply on exchange date not the day you put it on the market. They are unbelievably stupid, if you planned to sell you should have marketed the property a month or two ago with a view to exchanging after the April deadline, now you have huge competition and will have to lower the price further. The BTL collapse will be massive cause they're all so dumb

How exactly are they going to defend themselves against the huge rises in inflation coming in the next few months?? It must have been a 5-4 vote Unless Merv was out voted ??????????????? Now that would be interesting

oil just jumped over $2 a barrell

BREAKING NEWS 10:30U.S. crude inventories down 3.2 mln barrels in latest week

Its already here Dont bank on many rate cuts by the BoE in afct they may not be able to cut at all CPI will push 3.0% this month

A couple of Facts The global temeperature has not risen for 6 or 7 years and has recently fallen against a background of rising CO2 levels Surely you believers must find these FACTS rather odd?

No one I know dares mention the property market to me cause they know what they will get; I TOLD YOU SO I have no sympathy for anyone caught up in this mess, they should have learn't basic maths Even now no one seems to see the madness in this Interest rates are still low by historical standards even SVR's arn't that high so why is the housing market in freefall? Lots of very stupid people were allowed to borrow to much money All their years of saving for deposits, money spent on DIY, mortgage interest payments etc, gone - should have spent it on nightclubs and expensive drinks cause theyre all back where they started and no better off than me. Soon to be worse off.

The Conservatives need to keep stum, come up with no new policy ideas and JUST TURN UP to the next election. Thats all they have to do, its going to be a shoe in. Although i'm as concerned about them as Labour ever since they appointed Krusty as an advisor

The piece in the Independant today, trying to say its not like the 90's. Your right its far worse. When an interest only mortgage on most flats in London is nearly double the achievable rent there can be only one conclusion; TOTAL COLLAPSE

there is nothing the Goverment can do they have shot their load, out of bullets, powder keg is empty All Gordon can do is stand and watch as his sh*t Government get found out, and kicked out

one in Ipswich recently sold for1/2 price exactly £266K to £133K was in a lot of the national press.

THIS IS SHOCKING 'The result is likely to mean many will remortgage on "far higher rates than they would have expected six months ago", Mr Boulger added. Other customers, such as those on the now-defunct "Together" mortgages that offered borrowers up to 125pc of the value of a property, will struggle to find another lender. "These are the ones in most difficulty - all lenders have pulled out of the 100pc-plus market," he said. Together accounts for about a fifth of Northern Rock's loan book - £20.8bn of loans and roughly 140,000 people' That is a sh*t load of trouble now and throughout the next year or so hitting the fan

http://www.bloomberg.com/apps/news?pid=206...&refer=home Now if anyone still thinks our inflation will soon be under control think again BoE a f**ked it won't belong before they are trying to avoid a rate hike

Oct 07 peak £186044 Mar 08 £179110 that's a 3.72% drop theres no way prices will end yoy up, at this rate 8%-10% down even on their manipulated figures looks a certainty I TOLD YOU SO

I obviously spend far to much time on this site as I actually dream't the other night of a -4% figure and bizarrely -4% yoy figure a way to optimistic dream but I think there is the potential for a big fall tomorrow, followed by a mass media frenzied panic look forward to Interest Rate Cut Begging headlines everywhere over the weekend

Saw him intv Miles at lunchtime, re lowest number of buyers for 20 years Miles said there is no market at current asking prices and if sellers were to drop prices by around 10% then they would find buyers. Declan - " thats a bit unfair on people who have bought recently" Miles - "yes but there after an awful lot of people who have built up large equity and can easily afford to, also they should knock the same or more off their new purchase" Declan looked decidely miffed and moved on quickly