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House Price Crash Forum


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  1. http://news.bbc.co.uk/1/hi/business/8401022.stm http://news.bbc.co.uk/1/hi/business/8386796.stm So, 23 percent less 8.5 percent makes 14.5 percent. But the Nationwide thinks we'll be 6 percent up by the end of the year, instead of the 4.2 percent up we are now, so that means another 1.8 percent, giving a final year end figure of. . . 12.7 percent. 12.7 what percent? Well, that's the sum total of the crash so far, a measly 12.7% drop in house prices, as opposed to the 60% so many here were predicting. And next year will likely see another 8-10% growth, which will almost get us back to parity with 2007.
  2. Me too. Couldn't get through the first chapter of Stark. never bothered looking at another.
  3. There's no such thing as a free lunch. Somebody's going to have to pay this restaurant bill later - and that'll be the general UK public
  4. Don't you see, it's the jobless recovereh... http://www.thisislondon.co.uk/standard-business/article-23756775-city-jobs-cheer-but-the-recovery-will-be-slow.do Up to 20,000 jobs will be created in the City over the next three years as banks and fund managers start the slow recovery from the credit crisis, according to a leading economics consultancy. http://propertytalklive.co.uk/commercial/2294-bbc-gets-keys-to-unlock-thousands-of-new-jobs-in-north As the anchor tenant of the project the BBC aims to play a central part in helping local and regional development agencies create up to 15,000 jobs and a potential £1bn additional net value to the North's economy over the next few years; and workspace for hundreds of media and related businesses. (Source: North West Development Agency). http://in.reuters.com/article/ukPoundRpt/idINLE19835220091014 LONDON, Oct 14 (Reuters) - Sterling hit session highs against the dollar and euro on Wednesday after UK employment data prompted traders to pare back their heavy bets against the pound that had driven it to multi-month lows the previous day. http://news.bbc.co.uk/1/hi/wales/south_west/8306276.stm Almost 1,400 new jobs are being pledged in Swansea as part of a £1bn employment initiative by the UK government. http://www.thecareerengineer.com/static_content.cgi?record_type=news&record_id=19408619 Construction jobs are to be created in Stevenage after it was announced a £37 million science park is to be built in the town. When built the campus is expected to create around 1,500 high-skilled jobs as 25 different companies are set to move to the site. http://www.bloomberg.com/apps/news?pid=20601102&sid=aX9fvrlCeFkA Financial-services workers account for about half the demand for luxury homes. Job vacancies in the industry jumped 50 percent since April in London, while the number of jobseekers declined 5 percent, according to August figures compiled by recruitment consultant Morgan McKinley. http://www.dailyrecord.co.uk/news/business-news/2009/10/14/exclusive-government-fund-creates-800-new-scots-jobs-86908-21745798/ MORE than 800 jobs will be created in Scotland by a multi-million pound Government fund, it has emerged. Work and Pensions Secretary Yvette Cooper will announce details of the employment boost today. It includes childcare posts and positions in the sports and leisure, construction and environmental industries. The jobs north of the Border are among 4400 to be created across the UK using cash from the Future Jobs Fund. etc.........
  5. Agreed, that would be way too soon. I would probably turn back into a STRer if that happened.
  6. Yes OpenOffic.org mangles .doc files so I installed Wine on the Ubuntu 9.10 beta and MS Office installed without a hitch, and runs perfectly.
  7. If XP/Vista works for you there's no need to change - that way you can save the full cost of a Windows 7 upgrade! But if you do need to upgrade, now that desktop Linux is as stable as (I would say) Windows '98/2000 (I know Linux fanatics will say I'm being unfair, but until there are enough decent drivers written...), they could switch to something like Ubuntu. The next long term (5 year) support release is out in April. And it's free!
  8. I actually think it is not unlikely that if we hit £1.00 = €1.00 whoever is in power may lock the exchange rate and call it a "trial run" to see if the Euro suits us. Of course, if they do, then it will stay that way.
  9. Seeing as it's only worth £100. If all the HPC members put in £1 each it could be purchased as a mascot (trophy?) for the site...
  10. Did anyone conduct a useability test before releasing this? The least you could have done is make some screen mockups and allow a vote. Maybe I'll pop back in a few days to see if I can read posts without getting a headache. If not that'll be my last visit.
  11. An advert for an "exceptional fisherman's cottage" in Kent has been criticised for failing to mention the nuclear power station on its doorstep. The three-bedroom "not to be missed" bungalow at Romney Marsh, Dungeness, is being sold for £247,000. Estate agent Geering & Colyer points out its proximity to a nature reserve and photos show it in rural isolation. But New Romney Town Council said it was "disingenuous" not to mention its neighbours, Dungeness A and B. There are also plans to build a new nuclear reactor, Dungeness C, nearby. Valerie Tully, clerk of New Romney Town Council, said: "There's really not a lot of point in not being honest because, once you arrive at the place, you can't help but notice the power plants there. "I suppose they felt people would be put off, but they should also know that the late film producer Derek Jarman lived in the area for many years and we get a lot of visitors. "Even if the power plants were not included in the pictures, mention should have been made about them being nearby." The Dungeness A site, which started generating electricity into the National Grid in 1965, was decommissioned in 2006. Nearby Dungeness B site will stay open until 2018. A spokesman for Geering and Colyer, of New Romney, said: "I've got no comment to make on it." http://news.bbc.co.uk/1/hi/england/kent/8282368.stm
  12. Looking at the long term charts it's been at or around the $US1.60 level since June. I think the fall will only be significant if it dips back under $1.50, but the support at $1.60 seems strong.
  13. That is true - so what will a lending organization think when they receive an application for credit from someone aged 40 with little or no history? I think they will assume the person *really* needs the money or they wouldn't have applied - and therefore they are of the highest risk.
  14. Absolutely the right way to go! Second homes are a luxury, first homes are not.
  15. If you are right then we are witnessing the creation of a new class division; the propertied and the unpropertied. And to move from the lower to the higher class will be next to impossible.
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