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House Price Crash Forum


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  1. I thinks it's some of the bears telling porkies !! If your tax advisor can't tell you things you don't know why pay him/her? I can recommend one that's well worth his money !! Something I do know and I'll tell you for nothing if he tells you to buy pork stocks STAY CLEAR!! I must log onto singing pig to see if people from Ireland are banned HA! HA! MISS JONES
  2. Mr. Slump You like the little jabs, as I've explained I'm probably too "under geared " if anything, but thats me I don't like debt, never did. I agree wouldn't live there either but I used it to prove a point. Certain areas are almost crunch ammune ! Thats maybe why detached only dropped 1.1% I am not taking the pi$$ but am curious why there is such a big difference 25%-1.1% Any explaination ?? MISS JONES
  3. I pay ten fortunes for specialist tax advise. Besides if you "dabbled" and don't know it's maybe just as well your out. Agree, there is a lot of luck involved same as stocks, shares etc. MISS JONES
  4. Is my previos post not fact. If not explain why? You try buying a new 4 bed in Co.Down for 111k !! I stated before my portfolio will probably pass on to my kids so why sell? Oh maybe I should have bought oil !! I have liquid and don't want or need to sell. Answer to above. 1. 3rd quarter 2009. 2. In my opinion there is no such thing ? What is an average house? Again I don't buy crap in crapping areas. 3. Not my problem. I they can't buy I rent them, if they can wait and sell. WIN WIN !! 4. A small amount of blame yes. But the government, FSA, the planning dept.housing exec. stormount, etc. and the banks should shoulder 90% of the blame. Like I keep saying there are hundreds of components to a boom as a bust you just can't point the finger at a company who employs local people. THATS TOO EASY During the boom there was an opertunity to make money so why not? Do oil companies, gold dealers etc.etc. not cash in. Do they employ thousands of local people. NO. Do I feel for FTB's YES Do I feel for DIY investors going bust NO. Do I feel for Taggarts and the like NO greedy b2stards ! Did I discount houses for young families during the boom YES Did I have to. NO I am a "car dealer" thats how I made it, everything was and is for sale if I turn a profit.If I bought a pair of shoes for £20 and you offered me £21 they're yours !! Half a loaf is better than no loaf Even during the boom. If you missed out sorry but that's life. A lot of bears think they have some moral high ground regarding property issues, boll$cks!! MISS JONES
  5. I live in a different place than you ( being a bull ) you speak French and I speak German, but ask yourself this. If developers still aren't selling to each other and buying cheerypicked sites . Why are the local papers full of planning applications and why is there a planning backlog and wy are appeals out to 3 years ??? Why buy somewhere and apply for apartments, houses etc ?? Granted sales are very slow compard to days during the boom, but ten years ago it wasn't unusual for houses to be on the market for over a year. We had it good during the boom, but don't be thinking that smart, long established developers aren't buying or selling to each other right now ! Don't spin it into a story that these are old landbanks the PP is for because the majority are not. Straight, sensible answers on a postcard please. MISS JONES
  6. When I sold to this guy the market was rising £600 a day !!! What do you mean " What's wrong could you not turn a profit " ??? I would sell first phase price to him at start of development ( 1 house ) with a 1 year build with price rises do your own sums !! I would maybe buy 1 of another developer in a different area at 1st phase. The deal was to maybe leave 2-3 rented houses in each development and spread your portfolio. If the estate was full of rentals it has a tendency to turn into a war zone !! Don't try to distort the truths I'm posting with nonsense counter debate. Why can't the bears ask about the mechanics of developing/property investment instead of coming at me "half cocked" and trying to twist facts I'm putting forward. You will see me agree with a lot of bear postings but don't twist facts I'm posting. The above aren't my opinions they are true and fact, if it's my opinion I will state same. Do not insult my intelligence with spin. MISS JONES
  7. If he sold to a fellow developer and made 50K (worst case scenario) Would you not class this as a decent profit ?? If he sells for list it's a fantastic profit. Granted developers need to cherrypick deals and research a lot more now. But this said if you pick the right deals there is still profit to be made. Instead of maybe flipping 1 site for 150k profit you may need to flip 2 or even 3 for the same. In fact during the peak we flipped sites and doubled up within 3 months. Still like I said worst case 50k for a A4 sheet of green paper isn't to bad !! MISS JONES
  8. It's not about being generous. A turn is a turn. I've sold to this guy at discount before. One good turn............. It's about trust, business who to sell to or buy of, networking etc. If he makes say 50k-60k it's easy money !! 60k for a green piece of paper !!! MISS JONES
  9. I know of a house on Warren Road was sold for £475 peak. It sold 4 months ago for £ 795K crunch time. It was the biggest INCREASE on trees dont so far this year !! Location Location. Would I pay the money for apartment site.NO. I could buy it a hell of a bit cheaper as I know the guy selling very well !! Like I said he isn't overly fussed if he sells or not, and will probably end up passing it on for a small profit to a fellow developer. That's what we do !! Say a developer from Dublin or far away buys it for full asking. Happy Days !! MISS JONES
  10. BB I've explained about my own personal portfolio. It would be very hard for me to loose money. Example. I build 16 houses on a site and retained 1. Site cost £ 36,000 Build cost £ 75,000 ( approx) using my own workforce. Cost £ 111k This is new 4 bed, 2 bath, with 2 receptions and massive kitchen. Detached on corner site. Was valued 6 months ago at £320k. If I was mental enough to sell now for give away price of £ 220k even I know I've made a substancial profit, and doubled my investment. Should I have sold for £ 375 at height of the boom?, probably, but what to hell I built & sold 28 houses in the boom and flipped about 12 sites. This is a long termer. I have no gearing on this property at all. As I've explained before I am not a part time DIY armchair investor. I'm the real deal developer/investor. MISS JONES
  11. Planning department take note. Get your finger out your costing the province jobs in construction, retail, etc.etc. Trump golf complex LOST John Lewis store 5 YEARS STILL NOTHING B&Q Newtownards 6 YEARS ????? To name a few. How many more thousand jobs are these lazy feckers going to jepordise ??? Sack them all and bring in hard working people with some wit !!! :angry: MISS JONES
  12. Mr Slump, I think you misread the brief. No.18 is a site for 10 apartments, my friend is selling this one. It was bought at auction last year in Belfast for £415K and he got pp on it. He's in no panic to sell but if he does get asking price it's a tidy profit. The other No.34 is a SEMI DETACHED ! Built by R&A developments and was bought at height of the peak for 485K !! I posted 1.1% drop in 12 months for detached. Thanks for the time for your examples but they don't cut it, it proves nothing and adds strength to my argument. MISS JONES
  13. Cool !! Miss Jones should do a family compilation cd !! Good timing for xmas Feck the recession buy Miss Jone's family musical !! Or get a free copy with every sack of hemp !!!
  14. Change the record BB. How many desperate people shout BUY, BUY, BUY !! Any desperate people I have ever had dealings with shout SELL,SELL SELL !!!???? You wouldn't make a very good bull would you ?? MISS JONES
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