Aidan Ap Word

Easy enough just type the postcode (first 'part' (2 or 3 chars) is fine) into nethouseprices.com and pick a property that has sold 2 or more times in the last 20 years. Here's one from M41 (randomly chosen): https://nethouseprices.com/house-prices/street-details-sale/1061746DF5253C34E0634804A8C0F9E7/19 DERWENT ROAD, URMSTON, M41 8TT/2023(peak 429, latest 332) M5: https://nethouseprices.com/house-prices/street-details-sale/1061746DF5253C34E0634804A8C0F9E7/19 DERWENT ROAD, URMSTON, M41 8TT/2023 (peak 293, latest 159 (anomaly in between)) B3 (Birmingham): https://nethouseprices.com/house-prices/street-details-sale/1061746E2FD53C34E0634804A8C0F9E7/ASSAY LOFTS, 62 CHARLOTTE STREET, B3 1BP/2023 (all over the place - postocde or transactions too small in number?) B2 - again all over the place ... and then you see in B2 ( by example) how flats share the same postcode as some huge mansions ...

Here's 8 postcodes with very significant falls in them - covering circa 160k households (probably more) - and in no way selected because of having specifically big falls -: TN6 https://nethouseprices.com/house-prices/street-details-sale/12A8BAB620812125E0634804A8C08CC1/26 WESTERN GARDENS, CROWBOROUGH, TN6 3EB/2024 TN5 https://nethouseprices.com/house-prices/street-details-sale/12A8BAB61F842125E0634804A8C08CC1/HAWKWELL OLD STATION ROAD, WADHURST, TN5 6UA/2024 SL6 https://nethouseprices.com/house-prices/street-details-sale/12A8BAB5E5922125E0634804A8C08CC1/5 PARK LODGE CLOSE, SL6 3BJ/2024 PE8 https://nethouseprices.com/house-prices/street-details-sale/12A8BAB5EE022125E0634804A8C08CC1/45B CHURCH ROAD, WITTERING, PE8 6AF/2024 PE2 https://nethouseprices.com/house-prices/street-details-sale/12A8BAB5EF0D2125E0634804A8C08CC1/7 STALLEBRASS CLOSE, PETERBOROUGH, PE2 8RX/2024 OX4 https://nethouseprices.com/house-prices/street-details-sale/12A8BAB686A32125E0634804A8C08CC1/148 RELIANCE WAY, OXFORD, OX4 2FQ/2024 HP19 https://nethouseprices.com/house-prices/street-details-sale/12A8BAB5EA392125E0634804A8C08CC1/15 WARBLER CLOSE, HARTWELL, HP19 7AP/2024 HP20 https://nethouseprices.com/house-prices/street-details-sale/12A8BAB5E9C72125E0634804A8C08CC1/117 CANNOCK ROAD, AYLESBURY, HP20 2AP/2024 Many of which have falls - in nominal prices, peak to trough, against actual transactions - of > 20% (eg: TN6, - OX4 is more than 50%). So show me the postcodes that still have gains beyond the COVID-years of anything in these ranges? I'll wait.

How can 2022 be the peak when 2024 has higher prices? Here's a place - OX4 - that peaked in 2021/2022 and nominal prices are, where exactly? For 7 other examples see here:

Here's a collection of randomly selected houses in recent transactions across the postcodes I have variously lived in across the last 24 years. Ignore the price details for the individual houses (and the individual houses themselves) ... This (in these links) is ONS data - and the blue average-for-the-postcode numbers. ... in all of these postcodes - yes, I am cherry-picking here, but I picked a lot of cherrys covering (on ave for each postcode 20k properties - so talking across a population of circa 160k properties (prob more), alebit mostly in the SE - for every one of these ... in all these postcodes the nominal falls in actual sold prices in the last 6 months feature in a range between -10% and -27% It's when you look at real world data not these fantasies that you see how deluded the religion of "HPI foreva" really is. TN6 https://nethouseprices.com/house-prices/street-details-sale/12A8BAB620812125E0634804A8C08CC1/26 WESTERN GARDENS, CROWBOROUGH, TN6 3EB/2024 TN5 https://nethouseprices.com/house-prices/street-details-sale/12A8BAB61F842125E0634804A8C08CC1/HAWKWELL OLD STATION ROAD, WADHURST, TN5 6UA/2024 SL6 https://nethouseprices.com/house-prices/street-details-sale/12A8BAB5E5922125E0634804A8C08CC1/5 PARK LODGE CLOSE, SL6 3BJ/2024 PE8 https://nethouseprices.com/house-prices/street-details-sale/12A8BAB5EE022125E0634804A8C08CC1/45B CHURCH ROAD, WITTERING, PE8 6AF/2024 PE2 https://nethouseprices.com/house-prices/street-details-sale/12A8BAB5EF0D2125E0634804A8C08CC1/7 STALLEBRASS CLOSE, PETERBOROUGH, PE2 8RX/2024 HP19 https://nethouseprices.com/house-prices/street-details-sale/12A8BAB5EA392125E0634804A8C08CC1/15 WARBLER CLOSE, HARTWELL, HP19 7AP/2024 HP20 https://nethouseprices.com/house-prices/street-details-sale/12A8BAB5E9C72125E0634804A8C08CC1/117 CANNOCK ROAD, AYLESBURY, HP20 2AP/2024 OX4 https://nethouseprices.com/house-prices/street-details-sale/12A8BAB686A32125E0634804A8C08CC1/148 RELIANCE WAY, OXFORD, OX4 2FQ/2024 In fact - OX4 peaked at 1m and drops to 429k in most recent year. The new "Location Location Location" is "Delusion Delusion Delusion" it seems.

And, in other news, some are suggesting the GOV-giveaway pre-election is a reduction in stamp duty. Hmmmm ....

True. Landed (wannabe) gentry going to be landed gentry. And: politicans going to be politicians. Which is as it has always been. The "difference" is how they (all, no matter what political 'colour') talk good and wallow on in the bad forever. I wouldn't mind so much if they didn't talk rubbish. And honestly self seeking politican is better than a dishonest person cut fromt he same cloth. Ah well, in the end, it all makes 0 difference. We are serfs.

That comment would only be reasonable if the "index" included the state of existing on-market offerings. Which it doesn't.

The delusion is a national religion. And pointing out to anyone who might be new to these threads: these are asking prices AND are asking prices for new-to-market properties only. But the key point holds: the delusion is almost palpable.

In amongst the 1000s of GBP in the very very many other things they have to do to make that into a home ... buy a 3000k house and spend 50 to 80k making it livable! And terraces in that road sold for 300k in 2019 ... and i expect those would be places you could actually live in. They must think the buyers are complete mugs .. and the banks/valuations even more so. Mind you, countless similar stories (not with loo in the kitchen mind) all over TN6! Horley is outside Gatwick ... it's not even London!

Happiness for whom, exactly. Ah yes - you're on a 160k salary (apparently) and bought your (northern) house for cash (allegedly) ... yeah ... alrigth for you Jack. Screw my kids, ofc, I should be happy with the HPI froeva set because ... ummm ... reasons ... I am told.

+1 and for Boomers it is about 25 against 1 salary ... it is now 45 against 2 (or approaching 2) salaries ... it's not like all FTBers are single applicatn mortgages either!

This forum has consistently said "not this time", year after year, yet here we are. Personally I don't care about hpi - already own house, no mortgage, no debt, not planning to move, but it has to be acknowledged that a lot of wealth will always be tied up in housing in the UK whether people like it or not. OK, so ... actually - it's: "Not this time, unless there is a other global bail out of the scale of 2008->2022" - the folks on this forum (including myself) didn't see the colossal bailout (bailouts!) coming ... And, I really don't think you want to be living with the impact of another global bailout. I know sure as anything I don't want my children living with that. And establishing 40 year mortgages as a norm is a chip inthe wrong direction wrt actually resolving the inequity of british society.

And a 40 year mortgage for a FTB - bearing in mindthat the average age of a FTB in the UK is in their mid 30s ... will have them paying into their mortgage well into their retirement. The only hope they have is that house prices will rise (beyond inflation and beyond whatever interest rates they will be paying in 15 years time (or the 'average' over the lifetime of the mortgage)) so that they can fund their late-life crae from the MEW.

I am not denying anyone anything. If the bank is prepared to lend it and if the borrower is prepared to accept the terms - then caveat subscriptor. But many borrowers (the majority maybe even) don't understand risk, and the cost of finance. And the papers will hail this as as a good thing despite it being little more than Help to Sell (called, formally, "Help to Buy") - and it will, if it has the intended consequences, enable people to sign up for ever greater servitude. And if it works then it will boulster prices (just like HTB/HTS did) and screw my children over further in the race to the servitude-bottom. So I don't deny people the opportunity to sign their lives away ... but I sure as heck don't have to like it. We do agree on these points. But "innovative" products that apppear to lower the cost of money for borrowers (buyers of debt) will not help. Bearing in mind that a 40 year mortgage carries - for the borrower - twice the risk of a 20 year mortgage because of the nature of time. So even if the price of the money is the same, the risk the borrower accepts is significantly higher ... this is the under-the-counter cost of debt that people don't understand.

What's not servitude then - building your own house in the woods?! I'm not sure what kind of situation you think is practical or normal. Mortgage for me to pay for a house is servitude for me. Finding ever more "innovative" ways to stoke the "HPI foreva" engines is servitude for my children. I accept the inevitability of the first one as the pain of living in the UK. I do not think it would be right or good for me to accept the second as an ineivtable thing. To think we hre having this conversation at a time when house prices are well in excess of what could reasonably be afforded (including the price of money) is somehow not distasteful to you ... says a lot about you.