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House Price Crash Forum


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Everything posted by OzzMosiz

  1. Actually quite cheap for what you get.
  2. Prices are MENTAL in the south west. Swindon area £425K for a reasonable 4 bed detached now. 16 years ago it was about £140-160K CRAZY!!!!
  3. Rents have gone absolutely nuts where I am currently. My mate is increasing his flat by 18% just to meet the market rate. Demand has gone crazy as prices have shot up.
  4. http://news.sky.com/story/1643680/one-in-20-uk-homes-worth-1m-by-2030
  5. I've got one and apart from the battery not being the best, it's a superb tablet.
  6. I agree. I fuily expect to see prices lower by the end of the year.
  7. 5% will not impact me. It would be £100 a month more. I am currently overpaying my mortgage.
  8. Priced back in yes, but sellers in NE would not move whereas they may have before. Of course not all sellers will be in NE so perhaps the balance of transactions would swing for those who can sell (and want to move up - like me - whereas I am currently not willing to move up with prices like they are) and new buyers brought into the market. It's a a lot more of a complicated system than it seems.
  9. Transactions would dry up drastically. Those stuck in NE would probably not be selling up (if hey had plans to) and would have to ride out the storm. 50% over a longer period would have less of an affect but a crash in such as short time would probably cause mayhem with the housing market. Lets be real, none of us know what would really happen, we can only guess really. 2007 crash wasn't massively drastic and by 2011 was over.
  10. 50%+ is easily enough to protect me and my family. Our outstanding mortgage is only a smidgen over 1.2x our combined salary. If prices fell 50%+ in 2 years the entire UK would be f***** - it won't happen!
  11. Why doesn't the poster from mumsnet just take the rent and use that to rent somewhere in the same area temporarily (assuming the tenant / council are paying her rent money ) ?
  12. You work for the NHS mate. The management* for the NHS are the biggest bunch of scum.
  13. No idea, I don't ask new starters what they are earning. That would be rude.
  14. I agree, but that statement "no wage growth" is wrong. "Average wage growth is 0%" etc would be more accurate
  15. Count, you will be happy to hear that those hugely priced houses in my area, I am now finally seeing some drops from the peak. Still hugely over valued but I am happy enough with over 50% equity. For the record I want prices down (for my own selfish reasons). So I am a bull and a bear at the same time (in a strange way)
  16. Frugal, there have been promotions but promotions aside, I got 5% last June with no promotion and before that 6% year before with no promotion. My payrises for promotion have not been greatly different to usual pay rises.
  17. Can't go much lower and the remit from the BoE is primarily to protect the pound (I think)!
  18. TheCount, with global markets unraveling and oil at a 11 year low, this could end up being worse than 2007.
  19. All this "no wage growth" myth gets right on my wick! I realize some people won't get any pay rises but others do I've had an average of 5.9% wage growth every year over the last 8 years
  20. I am sure this has already been posted, but I wanted to put it in it's own thread: https://uk.finance.yahoo.com/news/uk-house-prices-crash-global-141910551.html House prices have broken free from reality and defied gravity for far too long, but they are an asset like anything else, and there are six clear reasons a nasty correction looms in the coming year . Global asset price crash Asset prices around the world soared as central bankers embarked on the greatest money printing experiment in history. While much of that money flowed into the stock market, a great deal also found its way into house prices. What we are now witnessing on trading screens around the world is the unwinding of the era of monetary excess, and house prices will not escape the fallout. The end of easy money began when the US stopped its third quantitative easing programme in October 2014. That date marks the point the US balance sheet, or amount of money in the system, stopped rising, having soared from $800bn in 2008 to more than $4 trillion. Without an ever-increasing supply of money the world economy is now slowing sharply. The first assets to be impacted by the downturn were commodities. The price of things such as oil are set daily in one of the largest and most highly traded markets across the world and as a result it is highly sensitive to any changes in demand and supply. Admittedly there are also supply-side factors impacting the oil price, but the weak demand from a slump is still a major factor. The next asset to fall was share prices. There was a delay of about 12 months because even though shares are also traded daily, their value depends on the profits of the company, and the impact of the commodity collapse took about a year to feed through. Ticking time-bomb .... .... Rest can be read from the link
  21. I don't go into town often and only do in the evenings for a meal/drinks.. I commute at 6:00am and travel the A419 and M4. so for me it's fine. Swindons councils are useless at planning. All these new developments and no considerations for the extra traffic on the roads. They also need to bring something unique to the town to boost it's reputation. It's a decent town to live in (despite it's reputation - mainly because it's a dull looking town that doesn't have the historical background and buildings of other towns.
  22. Compared to a few years ago, prices still very high where I live. Another house on my street on the market for (what I consider) a crazy amount. But thats fine as I am RICH RICH RICH
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