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Everything posted by Sybil13

  1. Cut my Wishing you well off, never was any good at word counts was I?

  2. Opted in Feb 2010 bought a small house in a small village knowing that we would lose money on it, BUT, couldn't live with my daughter it was driving me mad as was waiting for houses to find some kind of sensible level. I still feel traumatised by that phase in my life, and its odd coming back into HPC, but I am grateful for the support I got during one of the worst times of my life. Wishing...

  3. Friends are interested in a property on a new development, (essentially 2 roads about 30 assorted dwellings some "affordable" !!) Whilst SOLD prices are showing for this year for one road (completed 18 months ago but most only selling this year) , the other road (all sold this year ), is not showing ANY sold prices on the aboutmyproperty map / myproperty spy etc.. Is there any way to get SOLD prices for a particular development? Friends are concerned that they would buy and find that the other 10 houses all sold for 20% under what they have paid!! Would a solicitor be able to find SOLD prices?
  4. Did anybody see this story in the Mail yesterday Mother Leaps to death with 5 month old son after losing benefits I know a LOT of you are anti benefits.....but it is the poorest that will pay the price as always for the mess we are in.......whilst the bankers take their bonuses believing they deserve them..... I am living in Ireland at the moment and I just cant see how people are supposed to pay the bills, no NHS, health insurance expensive , daughter's in laws low income farmers 65 + pay 25 euros a week for prescription insurance alone. If we lose NHS people will not only not afford to be able to bury their dead, they will have to nurse the ill unable to afford treatment until they are dead. My sister with dental insurance in the UK, she is a teacher, could not afford a crown, quoted £500, dentist had to try to stick tooth together £179. Guess it will not be long before we have people in the street offering to pull teeth with a swig of whisky and for why? So house prices could go up to levels where nobody could afford them and banks could go broke in the process
  5. Mmmm somehow think the neighbours on each side of a little terrace in any regular town may have something to say if their neighbour started burying their dead in the garden , not a GREAT selling point is it. And isn't there problems with disease.....water systems, rats etc? Tibetans take the bodies out and chop them up and throw them to the vultures........perhaps we could do something similar with the bodies we can't afford to bury, do you know any vultures? Or perhaps we will have to start floating them off alight in the nearest waterway like they do at the Ganges.
  6. Assume you have to be "potless" , most would have money in property etc and I would assume in the past people borrowed against future sale of house etc.. If estate goes to probate assets get frozen so you can't even touch money in the bank . Its like so many things (central heating needs replacing / windows etc) we used to borrow, but banks are reluctant to lend, even for funerals I it would seem , because people simply cannot afford to repay , or cannot afford to repay until house is sold or probate through which can take months and months, for probate, and years to sell a house unless it has just had a make over and you are not needing to attract a FTB!!! So what do people do? Funeral homes cost a fortune even without the burial. Are you allowed to cremate your relatives in the back garden ? Another reason to avoid buying a house next to social housing! Seriously what is the law in getting rid of your friends and relatives remains? Perhaps we will have green fields opening up offering "dig your own" .
  7. Buyers and sellers surely avoid marketing / buying in December. The last thing you want as a seller is to get your home photographed with a Christmas Tree in it, I noticed in May and June this year that it really doesn't do anyone any favours . Its like having it photographed with snow in the garden ....looks so bad in August!!
  8. What are we all doing Bloo ? It all seemed so clear earlier this year, even during the bullish / green shoot summer it still seemed clear. I know that what seemed so clear then is still relevant, things such as: 1. historical loan to incomes (no matter what the bulls say about "affordability" criteria you and I know that there were reasons people needed 125% LTV, that 40% of all loans at peak were high risk, that so many took interest only mortgages etc etc). 2. the need for FTB's 3. loss of RMBS , which was responsible for 90% of mortgage growth between 2005 - 2007 4. Interest rages having only one way to go 5. Previous bubbles have seen property go up 50% and fall 24%. This bubble property went up 200% ! etc etc... Yet despite logic informing us that the market cannot continue to rise, and Nationwide perpetually informing us that house price increase IS NOT SUSTAINABLE........the madness continues , and HousePriceCrash has become quite a depressing place to be. Feel we have all been on a journey this year....sharing time and space together....but hard to see as the year draws to a close .....what next? Seems there will be fewer and fewer properties coming on the market, Rightmove say that people tend to wait until after elections to see what will happen. Fewer properties seems to equal higher house prices, rising indices which give way to more bullish ramping and even more people racing out to buy before property rises even higher. We all know that this is not sustainable.....yet nothing seems to be going to shift those property prices .......and house price crash seems to be turning into overvalued property price stagnation ...or...as in the cases I have posted this week....HOUSE PRICE INCREASE .....even if those increases are a joke....they DO feed into sentiment. When people see house prices going up......they think "NO OFFERS PLEASE" even if it doesn't sell.
  9. Posted earlier in this thread about a house that has been on since July and not sold has gone up £30000 this week, here is another This one has been on for a while at £215000 - £220000 mark , seen it since the summer Property £215000 Hereit is freshly listed with Rightmove at £250000!!! WE DO SEEM TO BE AS FAR FROM THE END OF THIS DEAD CAT BOUNCE AS IT IS POSSIBLE TO BE
  10. Guess all that will be widely reported is the 10% UP bit and the 10% further down bit will be lost along with the 2014 before prices go back up to 2007 values! Quite a few on Rightmove this week up 10 - 15% , and loads now saying "Offers in Excess Of". Nationwide has been saying for months HPI was not sustainable, but it just seems to get lost in all the bullish ramping.
  11. At the weekend we had Foundations Laid for Housing Recovery And today, OK in the Estate Agency Times but it is only repeating what has been reported in other papers, we have: Nationwide set gloomy house price forecast for 2010 SO WHAT HAS NATIONWIDE PREDICTED FOR 2010?
  12. http://www.thepalm.ae PALM TRILOGY Just will not let me post link
  13. When Nationwide and Halifax announce this week that they expect house prices to be up 10% by February I guess that will be it for another year, with sellers only willing to sell at peak + 10% , even though Nationwide themselves say that "House Price Increase is not sustainable."
  14. Noticed on the Sellers Information Form it asks if your house has flooded or liable to flooding and if the seller has looked on the Environment Agency Flood Map? My sister has friends with two cottages on the river at Tewkesbury, they have never been able to get insurance, been there 30 + years, water in downstairs regularly, but they lost EVERYTHING during the last flood when waters rose to 2nd floor in minutes. Friends were considering buying a property in Wool recently, but not only is it across the road from flood plain, but its also liable to flooding from surface water also, that coupled with 1/3 of the estate being affordable housing kind of put them off , and with 8 out of 16 houses still for sale, and for sale since July, it would seem they are not alone in thinking that maybe this would not be such a great buy!!
  15. Assume they are "queing up" otherwise there would be no need to try and "stem the flow fo business" ..... Mortgage Rates Up Ahead of Double Dip
  16. We currently seem to be in a battle re- sentiment , and despite Nationwide recently saying: And Nationwide Giving a Gloomy Forecast For the UK Economy and House Prices And several articles about Halifax valuing property 35 - 40% from peak, and several articles about lenders taking legal action against surveyors for overvaluing property despite there being a 20% margin for error.......... And the CML Predicting a Gloomy Future for Mortgage Borrowers .......apparently Nationwide and Halifax are about to " publish their house price indices this week, both forecasting a 10 per cent annual increase by February or sooner . " ON WHAT BASIS EXACTLY? But its that "sentiment" factor isn't it that articles such as these are attempting to direct, and as I said elsewhere yesterday, as I scroll through Rightmove more and more properties are saying "OFFERS IN EXCESS OF" which is another way of saying "THE TIME FOR OFFERS IS OVER". And there were a few properties I noticed yesterday that have been on for months and have just had the price increased 10% or more !!! I must confess to wondering if this so called miraculously recovery can continue to be staged for another 12 months.......BUT - AS YOU SAY - BUILDERS SHARES ARE ON THE WAY DOWN........but I am not sure how that feeds into sheeples sentiment... By the way did you know there was a thread on this subject Here
  17. Both Nationwide and Halifax however, are about to predict a 10% increase by April 2010 Foundations Laid for Housing Recovery Despite Nationwide Giving a Gloomy Forecast For the UK Economy and Housing Market only last week!!! And Mortgage Rates Up Ahead of Double Dip Recession
  18. The problem is people just don't know where they are......they read one thing one day and another another day, and I assume if we are going to get a lot of ramping on Halifax and Nationwide predicting 10% increased by April this is just what the government want to keep sentiment high.....BUT ...the reality is......not much is selling....and I am not sure a large % of buyers , even if they are able, are willing to pay extortionate overvalued prices. Going through the list today....I was shocked by how many are still sitting there with Under Offer or SSTC on them when they have been there for months and months and months......
  19. Of course I know you are joking, but the house next door is also still for sale and gone up £30000 as well..... The other thing I have noticed more and more and more with regards the unsold houses on my list that I watch simply to see what is happening out there in the market is that more and more are saying OFFERS IN EXCESS of asking price. These are houses that should be getting offers of at least 15% under the asking, and one assume have been getting offers in and around that level yet clearly the buyers want MORE THAN PEAK ....price. The message I am getting from these properties on RM is "the time has passed for making offers below peak", but I honestly cannot see on what basis EA's and sellers are reaching this conclusion, when these properties are not selling .......but clearly would sell if they fell to the level that buyers and lenders agree is reasonable in todays market.
  20. You can see the headlines this week "Nationwide / Halifax Predict 10% Rise in 2010"....even if it is crap.....its what it does to sentiment that does the damage and results in sellers adding £30000 to the value of a property that has been on since August !! £249950 to £279950 Both these properties have been on, I thought before August, and have not sold and now, this week have increased £30000. Please tell me HOW that will get them a buyer?
  21. I posted a Q about "affordable housing" Here a couple of weeks ago. And found an interesting link to a Guide in 2005 to Affordable Housing (Purbeck District Council) but same applies elsewhere. Take a look at Page 4 "Affordability" - 3x's loan to income with a 5% deposit. Average income of £18921, house price £59751. Says Housing Need Survey in 2003 (pre peak bubble) , identified that 90% of newly forming households had incomes inadequate to purchase market housing. Re - Dorset and 40% affordable housing I think Bournemouth could only benefit from people like Dave Wells not submitting any more applications for planning. I know there is a need for housing, BUT I for one have been devestated for years watching beautiful Edwardian and Victorian buildings split into ever smaller units or bulldozed to the ground and replaced with ugly so called luxury flats. There is already very little in the way of "old" "historical" buildings in Bournemouth, the town being relatively new, so THANK HEAVENS that the likes of Dave Wells will be STOPPED. That said, I think the policy on "affordable" housing seems to completely miss the point that people do not want to spend hundreds of thousands of pounds on a property to live next to social housing, not even on a 5 properties to 17 properties basis, let alone a 1 to 1!! But what is it going to take for someone to realise that what needs to happen is for ALL property to go back to being MORE affordable, as it would have been if not for RMBS's / BTL etc .. There is a need for a market adjustment of at least 40% for property to fall back in line with anything like historical loan to incomes and perhaps more like 50 - 60% when interest rates start rising, but what we also need is homes for people / families not investors and developers, I am sure it will happen but its taking a long time coming....
  22. I wasn't saying they are right, I was just hoping posters would convince me they are not
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