Jump to content
House Price Crash Forum

Coors

New Members
  • Posts

    5
  • Joined

  • Last visited

Posts posted by Coors

  1. To be fair I don't think she said there wasn't going to be a crash. Did she say something like "of course it could all unravel..."

    I think she thought people were trying to start panic. Which now you mention is would be a good idea.  :P

    "To be fair I don't think she said there wasn't going to be a crash."

    Her words, I quote;

    "There isn't going to be a market crash."

    "Did she say something like "of course it could all unravel...""

    Nope - Alistair said that - he mentioned that rent prices are coming down and the house market could all unravel anyway (cheaper to rent than mortgage) - to which she replied that "of course it *could* but it's extremely unlikely" - citing low interest rates & high employment.

  2. :rolleyes:

    I have already spoken about this but thought some might like an update.

    BARRATT builders in town today (ESSEX)

    Have not seen a big housebuilder or any housebuilder set up shop

    in the middle of a shopping centre for god knows how long (not in

    my memory anyway!!)

    They had a nice posh tele advertising their new development of "Stunning,

    contemporary 1 & 2 bed flats" and 3 sales staff!!! By the end of my 1 hr

    luch hour they all looked pretty p****d off. Lots of comments from

    passers by (0f every age group). Parents were enquiring on behalf of

    their offspring and when told the price making comments like "God I

    could not afford to pay that , let alone my 28 yr old kid,you must be

    joking!!!"

    The have been there since Monday, on Monday they advertised the flats

    as around the £199,000 mark. The next day they promptly removed the

    sign and were being very cagey about the price but I managed to get

    them to tell me the price £179,000 (oops a drop of £30,000 overnight - very interesting). Lots of young people were going up eagerly and then walking

    away completely gutted, it was heartbreaking to watch!! I Was speaking to a few and warning them not to buy, property crash expected etc. etc.

    One young man said he was a stock broker and eagerly told them he earned

    around £30,000 a year but he too walked away completely gutted.

    I asked them how they could do their job and who the hell they thought would buy these way over priced flats. One of the younger sales girls admitted to me that it had been pretty hard going and she could not afford to buy one and expected to still be living at home when she was 30!! I told her not to worry house price crash was coming soon and I gave her HOUSEPRICECRASH.CO.UK WEBSITE address,

    she looked quite pleased !!!! She also indicated that they had not sold more than a few (there must be about 100 for sale).

    THEY ARE GOING TO BE HERE ALL WEEK. GOOD LUCK TO THEM THEY WILL NEED IT!!

    "...as around the £199,000 mark. The next day they promptly removed the

    sign and were being very cagey about the price but I managed to get

    them to tell me the price £179,000 (oops a drop of £30,000 overnight - very interesting). "

    That'll be a £20k drop then ;)

  3. BUILT-IN to all humans...

    Is a "Herding instinct".

    For many months as this Bubble put in its top, BEING A BEAR was a lonely

    thing. Some began to doubt the Bearish reality that was growing around

    them, and felt threatened, at laest psychologically, by the widespread

    pathological bullishness on TV, in the newspapers, and spouted by friends

    at Dinner and drinks parties.

    I think a desire to escape from that lonely place was one of the important

    mptivations behind the Founders in starting this website

    "For many months as this Bubble put in its top, BEING A BEAR was a lonely

    thing. "

    Amen to that, as a prospective FTB I've had to endure the smug "you've missed the boat" etc etc from all of the people I know who bought in the last few years - most of whom have cashed in equity in order to buy home improvements & cars etc - I've had to bite my tongue a lot of the time but they *cannot* believe prices will fall - they're all banking on prices soaring another "20%" within the year etc

    From a lot of press recently and watching the market keenly for past few months I can see the definite signs of a slowdown, which could lead to the inevitable.

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.