dipstick

Quite annoying though when they ignore the big scams. My sister informed a cc company that an application had been made to them by a gentleman who did not actually exist. The was via a property scam incidentally. The company made note of her comments and said they would block the application. Next thing she had a bill through the door, in the guy's name, saying he was at his credit limit of 8k. She phoned the company to remind them it was a scam and they just said they'd missed the notes made on the PC and so had allowed spending. Nothing they could do so they would wipe off the debt and "not to worry". ......and they say crime doesn't pay!

I can't see it either Slater but the 1st June results didn't particularly make me happy. 128 lots 77 sold on day 29 unsold 16 not offered Remainder sold post or prior. 77 sold on the day isn't bad though. The market picking up or reserves being made lower?

The quote box is empty.

I, personally, don't want to stay at home - Thanks for the offer! Why not make it so the primary wage earner is the woman and the man can stop at home to do the rewarding stuff? I know very few men do and I also know some women stop at home. But pigeon holing people can get very patronising especially when you are attempting to link it to property price rises.

Didn't work I'm afraid. The upshot is that she "cannot see "they" will let things get that bad as "they" cannot afford to. Brown & co will continue to 'paper over the cracks until they get things sorted out' and we, and the US will continue spending our little hearts out".

Yeh but.. Japan is a long way from here. Nothing to do with us is it????

What's our GDP running at?

It's no use turning up now Baron. I've just had to explain in my own words. And no I'm not going to repeat them on here because you will just laugh. But basically that is what I said. I also included bits about consumer credit, GDP, USA IR and effects etc. I don't actually think I did too bad to say I only had the Japan thing to fall back on! I have had a small response in respect of "but isn't the truth always hidden, what's different now" and responded accordingly so let's see what happens. I know you were all out there eating your tea and letting me fend for myself!!!

OK, I know I've been here before and I know my head is a shed when it comes to this stuff, but today I've been talking with a man about buying his house and he wouldn't negotiate because, and I quote "It will double in price in the next 5 years". Apart from sending me through the roof, the message is that if interest rates are cut (don't think they will be myself) but the selling/buying population think this will re-inflate house prices. My friend, who is lovely by the way, still thinks this. She thinks I ought to pay the guy full whack (don't worry I'm not going to) because "if interest rates fall house prices will rise again". Now I know that the BOE have to consider other stuff when looking at rates and they aren't just looking at house prices but I'm having a really bad time at explaining and putting myself across. The majority of the population really don't know the implications you know. The bottom line is that if interest rates go up - house prices fall, interest rates go down - house prices go up. Yet again I need your help to explain in plain English why this is not always the case.

Did anybody hear Steve mentioned the word "dropped"?

Isn't the media and communications the one thing that is different about this "boom"? Even in the 1990's we didn't have the internet, or if we did it was not in regular use by the population. The media, marketing and population access to this medium have enabled EA's finance co's, auction houses, all concerned really to make offers or borrow money simply at the click of a button. We have instant access to properties all over the country and global without actually getting out of our swivel chairs. How would the lack of internet access have affected this so called "boom" and the accruing population debts?

The worrying thing is though Bubb That people either "do" believe them or "want" to believe them. The argument yesterday was generally on the theme of "Ah but prices are going up no matter how slowly. They are still going up". No matter that the recent trend is down. I think it's easy for the government or VI's to perpetuate the myth because on the whole people find it very difficult to admit they were wrong.

I think the start of the off-load of the higher price bracket properties began with those with a bit of land. i.e. big house plus an acre upwards. A year ago you couldn't get one for love nor money no matter how big the price tag. Now if you have 500k the world is your oyster and it's been like that for quite a few months now. My presumption was that not only the debt/fear factor driving the off-load but also the discovery that properties and land such as this actually cost a lot to maintain. Looking at this thread maybe it is not the case. Maybe we have the higher end of the market trying to off-load due to the reasons mentioned and a drop at the lower end because FTB's can't afford to get on. Is it a two way push?

Why is that then perplexed?

It is run by morons, but those morons only employ lesser morons so their position and status isn't threatened. If they employed people who actually knew what they were doing, they, the morons, would be out of a job. The problem is there are lots of other morons that believe what the top morons say because they think the top morons actually "know" what they are talking about. I site Mr Blairs property endeavours to state my case!

No problem Fluke, I think the general trend is downwards and that is what I was trying to get across. It's the Scotland thing that gets to me: That's where I want to buy!!! When it comes to all these figures whose are the most reliable? I thought the LR were the ones that counted most in that they just count completed transactions? Do the LR figures include land i.e. acreage or just properties? Also I thought they were only released every 3 months, yet I go into wheresmyproperty.com and they show figures weekly and claim the are LR stats? Slightly confused (it don't take much)

Y'know I've tried very, very, hard to maintain my temper in all this. I was around during the last crash and it brought me a lot of misery but my suffering was minimal compared to a lot of others who actually lost their homes. But today I could have finally lost it with the "I'm alright Jack, who gives a stuff about your circumstances" attitude. Added to the "property is still going up it can't go down" statement and the mysterious "they" (won't let it) made an appearance as well. Maybe it's just a bad day that made me want to shout "I hope you lose everything you superscillious git". Don't know but I'm starting to lose patience with this selfish and high-handed stance some people are taking and to stop caring about what happens to them long-term. :angry:

Thank you! Bit difficult when you haven't got a telly. Won't listen anyway. Ostrich mentality.

Just having a bit of a discussion with an optimist who has informed me that on todays news house prices have rise 4.1%. I'm presuming this is the YOY figure. Ammunition please? I don't have a tv so can't say what she saw.

Er, if an email is marked confidential you are not supposed to show it to anybody else.

Sorry Beeb but I don't believe it. People are panicking and putting their homes on the market and reducing them. I am linked to several search engines that send property details through. I used to be lucky to get one new property per week. This morning so far (up to 12 noon), I have had 6 alerts containing a total of 10 properties. I actually feel popular! I think this is an interpretation of data that gives the gov good reason to keep interest rates where they are. A drop would mean death by credit card and they know it.

I agree about banks changing their lending practices. During the last crash our property was on the market for 3 years. We finally got a firm offer and wanted to purchase another property at the same time. The property we wanted to purchase was just under what we were selling ours for so we did not want to increase our borrowing. We had been in dire straights with the interest rate rises and were 2 weeks, yes a whole 2 weeks, behind with our mortgage. We went to see the BS, I link it was the Leeds at the time, obviously thrilled that we could finally get out of the mess and they wouldn't let us change our mortgage to the new property. This was because we were "bad debtors". I attempted to choke the mortage advisor and my partner went, alone, to see the manager who still wouldn't revise "company policy". In essence they were telling us that we had to turn down the offer on our property and stay where we were, stuggling terribly, instead of selling, paying off debts and continuing with a lower mortgage. Great financial advice that! We did find another lender but believe me it was a struggle. All the nicey, nicey, stuff goes out of the window in a slump and you are treated like the scum from hell.

I was told by an EA yesterday of a property that was on sale due to repossession (This was the first I'd heard of in the area I am looking in which is still "Bullish"). The asking was O/O 52k, when I checked it out on one of the housing sites it had been bought for 72k 2 years ago. It's a heck of a drop. Saying that the offers may well be a lot over the asking price.

I haven't read all the posts on this thread yet but I was brought up on the old adage " A penny of your own is better than a pound of somebody else's". This saying becomes more pertinent to me as every day passes

Nethouseprice is free now..... and very, very, enlightening!