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House Price Crash Forum


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About NW11

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  1. This is the most controversial bit: http://www.guardian.co.uk/commentisfree/2011/jun/05/andrew-rawnsley-house-prices-construction
  2. I once saw a bathroom shot in an ad with a poo in the toilet. Ewwwwww!
  3. Primark is expanding rapidly. Perhaps they can apply as security guards.
  4. Credit is crunched. In my vicinity house prices are more than 10x Local salaries. It will be a LONG time even with 5% inflation before those folks break even. If the morons want to throw money at property, so be it. Fools. Money. Etc. They might be well leveraged but there are PLENTY of desperados out there who will be flogging their portfolios and crashing prices. I am not even in the least bit worried. Home owners, just bring it!
  5. House prices are going neither up nor down. There are almost no sales taking place.
  6. 1. Their several hundred thousand pounds are likely to have been ploughed back into property so they cannot directly spend their capital. 2. A 75% HPC should have little to no impact on them and many others 3. Or we'll come to a point where their property prices stagnate while a loaf of bread costs a grand.
  7. If sales volumes have dropped 90%, then the 'average price' value is 90% meaningless. The great thing is that it will encourage the hoards of sheep to dump their portfolios on the market and the over supply will drag prices down further. The tipping point will be the huge unemployment to come later this year. Ive a seen a couple of developments freeze in my area, still vastly overpriced at 15x local London salaries. Good luck to them. I wanted to pick them up in a few years where they're being given away. One 1bed apartment in a development is on the market at £190k, another in the same block has failed to hit £100k at auction. This has a way to go to play itself out. My only concern is I dont want any of these going to LHA. When I do buy I will make it a condition that no apartments have already been sold to LHA.
  8. Luckily the student population should collapse in the coming years so will follow and the last vestige of a failed developer will be gone. Degrees are a total waste of money in most cases ( I should know, I have one, I paid for it, never used it and am still doing OK). My student lets were all 9 month long so the LL had to figure a way of renting out in the summer and covering the colossal mess and damage we left behind each term. Most student let land lords never really think the total costs fully through. If they want to sell they have to spend thousands refurbishing and converting it back to a family home. Thats not the case with a single occupant professional letting.
  9. And here is the Guardian's marvellous take on boat http://www.guardian....-boat-a-triumph Edit:
  10. No sympathy here. He was reckless and irresponsible with cheap easy credit to finance his pipedream at the peak. That floating hunk of scrap belongs and will probably end up in a shanty town. He could easily have taken out a liar loan and bought a bigger flat in 2007 like everyone else. £80k offers you a choice of at least a dozen 2 bed properties in Southend on Sea today.
  11. My main beef is political. With student fees trebling, these demands are no more outrageous or scandalous than boomers getting free bus passes, winter fuel allowances, eye care and TV licences. I am just glad students are finally fighting back, however groundless their demands are. If a few universities shut down as part of collateral damage for a redress of balance, its a price worth paying.
  12. "It was supposed to be their dream home, but three years after Chris Miller and his wife called in a TV show to rejuvenate their houseboat it has been found apparently washed up on a beach. The unfinished 100-foot long boat, known as The Medway Eco-barge, had been moored in the Thames estuary off Southend since it featured in a Grand Designs' programme in March 2007. It is thought that the boat broke free from its mooring overnight." http://www.dailymail.co.uk/news/article-1352749/Grand-Designs--80k-Channel-4-makeover-barge-turns-Essex-beach-vandalised.html
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