Scooter
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Posts posted by Scooter
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Someone mention Bulgaria ?
I dont feel too bad about retiring there as the population of Bulgaria is decreasing by nearly 1% year on year. Also mainly old Bulgarians live in the villages are there isnt any work so the Bulgarians are quite grateful to sell tp Brits in villages. Incidentally Brits often get charged twice the price for property than Bulgarians get charged.
I cant see UK country villas ever getting as cheap as Bulgaria (about £1,500 if you cut out the Estate Agent).
Maybe, but would you still buy there if you could buy something similar and equivalent in price in a Western European country? I wasn't making a point on the ethics particularly (although there might be an issue about outpricing the locals), just noting that outrageous prices in the UK and say Spain are forcing people to places they would never have dreamt of otherwise. I was reading about the organised crime problem and assasinations in Sofia earlier this week, which would also put me off a bit, but then Paris is not much better right now...
Agreed £1500 is unlikely to be beaten.
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In Beckenham yesterday, I walked past a new build block of 'yuppie' looking flats (built around 2002). 4 'for sale' boards and two 'to let' boards. Opposite this block was another lego-set, built this year. "last few remaining" etc.
I'm guessing that a lot of these have been bought off-plan and they want to cash in quickly but haven't received the offers.
But, and I may sound like broken record, something needs to force these 'investors' to sell, otherwise they're just going to sit on the property and let it.
It's like the breaching of a dam but I don't see whats going to create forced sellers.
Still believe a horrible crash will come though. 50%
If you think people bought off plan and have mortgages, then no rental income (you said To let signs?) or rental income below mortgage costs plus maintenance expenses plus no prospect of capital growth may well drive people to sell eventually if not exactly in panic...
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My name is Yosser Hughes; give us a job! :angry:
I think you will find it is pronounced "gissa job" (in Merseyside, not in Hampstead or Islington of course.)
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Just watched the new BBC property program this morning (one of three in sequence with "Homes under the Hammer" and "Trading Up", or, as they should have been called, "Buying Homes When You're Hammered" and "F**king up") ;
Anyway, it's called Uncharted Territory..."Presenters Juliet Morris and Kristian Digby, with property expert Nigel Leck, visit various countries where property bargains are a reality, not a dream".
Quite strange, because they visited 3 properties in Hergla, Tunisia. The most expensive of these was around £35K. Quite derelict, but with the cheap labour it could be a 6 bed huge mansion for a relatively small layout.
Did anyone see this program? The thing that really stood out the most for me was the overvaluation of the UK market in comparison.
Of course, the relative wages are a lot less, but with the second property costing around £23K with £30-50 rent/week and £1000 to do up, it might make someone think twice about BTL in the UK.
If there's anyone left still considering it, that is....
When UK prices revert to norm, no one will give a toss about buying in Tunisia or Bulgaria...
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Where I live in West London I know for a fact that I could buy a flat for 10% to 15% less than summer 2004 by looking current asking prices and nethouseprices so why get stressed about all these manipulated figures.
In the not to distant future intersest rates will have to rise (strength of £, inflation US interest rates etc) then we will see a real acceleration in the crash.
Dont be fooled by all the VI's, lets face it only last month every so called expert said IR's would be 4% shortly
Not necessarily true for parts of Nth London unfortunately. Volumes are extremely low, asking prices are stupid but barely changing but house prices (in terms of selling prices) do not appear to be coming down much at all, more like 5% than 15%, although each one is different I suppose.
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Everyone here who was looking at the Halifax's fairly bullish figures of late was saying that they were obviously fiddled, and the Land Registry figures would show the real picture. And you were right. The Halifax's non-seasonally-adjusted increase from June to September was 2.4%. And the Land Registry's figure from Q2 to Q3 was 5.2%. So the Halifax figures are much lower than the real increases. Better allow for this bias when looking at future Halifax figures.
Lowest annual volume since 1975 though. What could that mean is coming?
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It pains me in many ways, but I've had enough of living in limbo, I want my family to be settled.
We've found a property, need to do a second view, then I think we'll be putting an offer in, it'll be fairly low, but realistic, 13.5% below the asking, and it will be a first, full and final offer.
The property won't overstretch us, even if rates hit 20%.
This whole correction is taking tooo long for me and mine, if we wait for the correction (if it ever comes) by the time the family home is ours the family will have left and got married etc!I'll let you know over the next few weeks how the negotiations go, the offer may be dismissed out of hand ...... it'll be an interesting experiment non the less
Burn the heretic! :angry: No, joking, good luck...
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My brother & I both work in the city.
He's was strongly urged to buy in 1998 by my parents.
He cited this years bonuses, as well as immigration & foreign investors as the main reasons why there won't be a HPC
So what do you think?
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http://www.thesun.co.uk/article/0,,2-2005510690,00.html
City bankers' house boom
No they are not, at least not in Hampstead and Belsize Park (nothing much selling, prices stuck etc). Most of the people I know with large bonuses can find cleverer places to put them right now than into massively overpriced property...
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UK housing market set for revival in 2006 - survey
Not just a recovery but a sustained recovery
Our Agents Your Move KFH Bushells Peter Alan Andrews Faron Sutaria Ryder & Dutton Marsh & Parsons Foxtons Chancellors, no VI there then.
Well they would say that wouldn't they? Smacks of very wishful thinking to me...
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Agreed Brian: THIS is the same thing I have observed ALL OVER the place: Properties put on market for £280k (e.g.): Sticks for ever - no buyers/bites at all. Put back on for £250, 240, 230k etc. - and STILL no buyers at all!! Only when they go way down to something like £199k [proportionately same kind of discounts from most starting prices] is there ANY interest at all.
PROGNOSIS? Market is falling as much as 25-30% - and this is only the start..... LOADS and LOADS of unsold properties which have been sitting there with virtually no interest from "buyers" at all......fo as much as 18 months!! I hear of these kind of examples day after day after day - from people ALL OVER the UK. It is the greatest untold story of the day -- media and all VI's that run media are keeping it off the agenda -- of that there can be no doubt....
Sadly not quite that way in my bit of Nth London (NW3)-houses stick at their price (unsold for years some of them) but with minimal drops in the 1-5% range. Vendors are still sitting it out. I just do not see yet what you see, much as I want to...
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I notice you've omitted 'sandal-wearing' and I can only apologize for upsetting the sensitivities of fellow forum members as that part was a tad strong I have to admit.
What I should have said was, cross-dressing, she-male midget...
Further apologies to any cross-dressing, she-male midgets out there that just happen to be tuning into all of this unnecessary name calling btw...
I'll have nowt said against sandals...
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Look Mr Dud! You've obviously had a skin full tonight and getting a bit leery. How many more posts/posters are you gonna attack with your inane sense of loyalty to NuLab?
OK, NuLab are bloody marvelous, can't do a thing wrong. Happy!?
Now, fook off and take that picture (that you call an avatar) of your boyfriend with you, you friggin freak!
Anyone who calls themselves 'The Dude' must be a sandal-wearing shemale midget if you ask me.
Ooooh, you're so fooking 'ard, The Dude! The Dickhead more like!
She-male midget-Love it! Back to work now...S.
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Yeah yeah yeah......great post Fred.....Now which illuminating politician do you want to suceed Blunket now he's gone? Are you now going to be voting for that untainted lovely bloke from Eton, Dave 'Gorgeous' Cameron?
Whoops...just admit you're in love with that fresh faced lovely Etonian. Dave ' lovely face' Cameron.....and be done with it
Are there no Southern 'Tories' with a penchant for BTL?.....Please grow up you idiot
"Grow up you idiot"? Are you still in the playground? You are very abusive today to everyone who seems to disagree with you and also obsessed with David Cameron, whcih is odd since no one apart from you seems to have mentioned him at all. Scared he might actually get rid of the corrupt NuLab edifice?
If you are actually looking for an answer, I am sure there are many BTL owners who are Southern Tories. I don't actually have some kind of ideological problem with BTL (I know some here do) but I find so called socialists who are more interested in lining their pockets and taking directorships shameless hypocrites. I am not allied to any party by the way but being brought up in Sheffield (yes, Blunkettland) and Manchester I have seen plenty of fake left wingers and plenty of tossers like you.
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That is absolutely not true. Tony Benn and Dennis Skinner are two exceptions. That bloke from the Liberal Democrats whose name sounds like an American guitar (Alembic) - is another bloke that strikes me as being above reproach. Even Clare Short (can't stand her personally) but I do think she is principled.
Clare Short was so principled she clung on to the prestige and benefits of a cabinet job despite slagging of Blair and the rest of the cabinet over the war in Iraq...
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can't stand him
Yep, another Northern "socialist" with a penchant for BTL, grace and favour flats and non-exec directorships...nice black labrador though.
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I went over to my dads yesterday to watch the Liverpool game. Anyway I was talking about the fact that I wouldn't be buying a house anytime soon (unless a real bargain comes along) due to house prices being way over the top. Anyway, he was saying that he can see a recession happening I think his exact words were 'were coming into a recession'.
Interesting coming from my old man, as he doesn't follow any of this stuff whatsoever!!
Wonder how many others are thinking the same!!
Not mine unfortunately-he just offered and had accepted £480,000 on a 2 bed flat in St Johns Wood plus £50,000 for a car space against the strong advice of me and my brother. The flat was on at £525,000 allegedly since March, then dropped to £500,000 recently. I thnk the EAs saw him coming a mile off...
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You're grasping at straws now. Fact is that, suddenly, a lot of people seem to be in financial trouble or have decided to cut down on spending.
I have said elsewhere - I live near the 2nd or 3rd largest (who cares, its the size of a football pitch) M&S superstore in Europe. Even though they have not been flavour of the consumer's month in recent years, you always found at the weekend you had to park outside the car park with 2 wheels on the pavement. Not any more - it's almost a pleasant place to visit now.
And we're only 7 weeks from Christmas. Normally it would be fisticuffs time trying to find a parking space and an atmosphere of pure aggression trundling around the crowded aisles.
You're grasping at straws too. How many people these days think, 'can't spend anything now - have to wait until the salary is in the bank!'
Face it, the party is over. The economy is holed below the waterline and down we all go. I find it interesting observing the collective stupidity of the masses.
Credit becomes cheap so, instead of paying down debt, people borrow more! I have to say it makes me laugh!
Delighted if I am wrong-North London and shops are always noticeably quieter during school holidays but I am the last person to deny the possibility of a slowdown.
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To me your less solid reasons look much more solid.
I am pretty sure there is not gonna be war with Iran, both sides have too much to lose.
Cold winter has no effect on house prices IMHO.
Bird flu is a joke. If not, several weeks of quarantine can stop it. After that everything rebounds.
IR has no room to drop more - maybe not in the UK, but capital markets are global, low euro and dollar yields can depress long pound yields, the BoE has only control over short rates. And the new FED chair is coming with a "helicopter"
I agree plus no1 of the first list. In practice interest rates unable to fall/inflation rising are the same thing...
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Took my daughter to town on Sat., looking for boots. This is Southampton, a seriously busy town, especially since West Quay shopping centre opened a few years back. Now, Debenhams is at the bottom of the town, and this is where we ended up. Debenhams has always been a very busy place,hot stuffy and too many people. Barely a soul. Virtually had the whole of the kids dept. to ourselves, didn't have to wait for a seat to try on boots, all wih 20% marked off. This was the same for every floor, every dept. dead,dead,dead...as dead as it comes. In all my years I have never seen it like that...especially with less than 2 months before Christmas
Is it half term or something?
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From the blog, possibly the most enjoyable article I've read this year.......
http://portal.telegraph.co.uk/money/main.j...9/ixperson.html
He used the "B" word! Excelllent..
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Go on then. We want his name, address and a photograph.
On a serious note, most EA's in Leeds appear to be under the age of 25. It is paradoxical to think that house prices have moved out of the reach of most EAs. Is it like a Mercedes sales person having to drive a Focus?
I took my Alfa Romeo in for servicing this week and just chatting asked the bloke behind the desk, probably about thirty, if he drove one as it was a dedicated garage. He said no, they were to expensive and he had just bought a house...
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I would have loved to have seen her talking about beavers
I have to admit that I find her not only very attractive but she has that quality that is increasingly all too rare in British women IMPO - I think she would be tremendous FUN!
I remember during the Gulf war there was some discussion with one of their military experts about tanks at which point they cut to some shots of military lorries rumbling through the desert. She made a comment about them being tanks and the military expert corrected her causing her to state "Well, they're both pink!"... Not that I am stalking her or anything... or have my bedroom wall covered with her pictures.
Joking aside, it is a relief to have a journo who gets the balance between the serious stuff and the light-hearted stuff just right. IMPO the female BBC journos seem to have had a smile bypass- Sian being the exception.
Actually it was the black girl (can't remember her name)-she started cracking up as did her co-presenter and it cut suddenly to the adverts...
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Nah, I only tune in to watch Kay Burley in her tight skirts at midday! I mean, for her in depth reporting.
They both had good laugh doing the wild beaver story last night as well...
Perfect For A "yough Professional Couple"
in House prices and the economy
Posted
Agreed but NuLab's "hard working families" bollacks pisses me off as well...