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ianbeale

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Posts posted by ianbeale

  1. This week there've been excellent letters in the Times, Telegraph, and now the FT.  spreading the message that house prices are in a bubble, the HPC is imminent, and Browns mortgage scheme is crap. Its all building up nicely.

    You're right It has been a fantastic week and now these extra 200000 cheap homes will pull any prospective ftbs out of the bottom of the marketand the rest will just collapse on top. I reckon HPC will be here within 3 months.... This is better than sex!!!

  2. This scheme is just a con. They are trying to get you to fund the building of council houses marketed as new builds. It will be like renting without the option of being able to walk away. These houses will look nice when they are first built but stick a satellite dish on the wall and a nova on the drive and hey prseto ... a right chav shlthole.

    Correct me if I am wrong but this deal is only available to newbuilds. If any thing this will enhance HPC as FTBs will wait for the newbuilds and not buy any existing stock hence even less FTBs in the main market.

    HPC Bring it on

    Just cxchanged on my gaff and sitting on my bag of cash for 2 years in spain.. see you all in repoland.

    Ian B)

  3. This scheme is just a con. They are trying to get you to fund the building of council houses marketed as new builds. It will be like renting without the option of being able to walk away. These houses will look nice when they are first built but stick a satellite dish on the wall and a nova on the drive and hey prseto ... a right chav shlthole.

    Correct me if I am wrong but this deal is only available to newbuilds. If any thing this will enhance HPC as FTBs will wait for the newbuilds and not buy any existing stock hence even less FTBs in the main market.

    HPC Bring it on

    Just cxchanged on my gaff and sitting on my bag of cash for 2 years in spain.. see you all in repoland.

    Ian B)

  4. This just shows how TB and GB are shltting themselves that the bubble is about to burst. In reality it will be like renting a without being able to walk away. It will be a new build on some chav estate which all look very nice when they are first built. But bang a satellite dish on the outside and a nova on the kerb.... you can imagine. Its a shlt deal, leave well alone, just let nature take its course HPC will look after the rest!!!

  5. My perception using the homeseeker thursday scan method is that prices have not really fallen since last summer - maybe 2% - but nothing is moving. I believe it will not be long untill people have to start being reallistic with thier asking prices, espescially because of the poor wages in the area (84% of national average, 3 bed detached estate house with garrage is currently about 210K). Any others care to comment.

  6. bought in 1998 for 90k spent 35k on extensions etc valued at 350k nov 2004 not a single viewing for 3 months iwas in denial i knew it was over priced  dropped to 319k i had 1 viewing thought to myself got to get ahead of the game dropped it to 300k 5 viewings in 1 day sold [subject to contract ] 0n the 4th april instructed solicitor keeping fingers crossed any comments welcome

    You have done the right thing, and good luck. Just done the same, cut my price so low that it hurt (280k), looking at all the others on the market at the time for about 30k more. Since price agreed all the others have strated to chop thier asking prices, and none are selling and I am feeling pretty smug at the momment - due to exchange next week - fingers crossed - going to live abroad for a cuple of years then come back to REPOLAND.

  7. This is my tale of selling my house in real time, will update when i can be bothered.

    My Motive for selling ... money I am moving into rented accom and comming back in 3 years in repo season

    14/5/05

    After 8 months on the market I have just finally got buyer. I took an offer of 295K only 10k under my asking price after, having cut the price (1 month ago) so that it was about 10k cheaper than anything else in the area of a similar type. I looked at what a house identical to mine went for last summer and I have achieved a price of 25k less, a fall of 8% so far.

    So it can be done, just be realistic. Think what your house is worth relative to those around you, price it about 3% under that to get people through the door, then dont give too much away when an offer comes in. I just hope I get it sold before the real collapse comes this winter ... watch this space.

    I feel really pleased at the momment...................but dont ask me in 6 weeks when the sale falls through !!!!!!!!!!!!

  8. House prices are going to collapse by at least 20% over the next year with the biggest falls this winter. Higher oil demand will push up oil prices, this will push up consummer prices. this will push up inflation ,this will push up interest rates past 6% which will cause panic.... and you know the rest....... Sell now!!! cash is king, come back in 3 years and get yourself a nice little repo!!!!!

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