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House Price Crash Forum


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Everything posted by sylv123

  1. oh my god a kitchen / corridor dual use. how that can be even legal? some people have no shame
  2. "cheap" for the area for this type of good but it is cheap because: you have no window, not only it will be dark and depressing probably damp, fungus etc... the area is lovely of course and the price should remain steady
  3. Hi guys, Agree with most of the comments above. the "new" middle clasee still has to go somewhere. I cannot afford a family in bs6, bs8 , southville, bishopton etc... currently renting in bedminster, i have no intention to stay there in the future gloucester road will be only a shared house with drunk students and around whiteladies as well. (by the way, I love that wilkinson that replaces borders on the triangle) between seamills and westbury might be actually nice and quite, any thought?
  4. why don't the youngs accept lower wages then? they would have a job then lazyness? the low wages are a direct result of the open market and the competition with asia. the british high tech companies cannot find british workforce because engineering is not fashion for the youngs who prefer trendy useless degree. if a migrant with no diploma and don't speak english can get a job; why the british youngs cannot?
  5. Britain is divided and races to the bottom standard of living. People are like lamb, scared to defend their right and prefer instead to give all the profit to the city and use their credit card to survive. in europe people have at least the dignity to defend themselve
  6. that's is an excellent question? on the news, thing is getting worse, depressing new everywhere. My wallet is guetting squeeze in the property market, rents are going up, plenty of buyer still where people get their money? i
  7. Sad new for those who work there. It does not seem to be many job around at the moment, even in bristol. Personally, i stopped looking to buy something for the time being. With this rate of inflation, the poorer area of bristol will suffer and the price can only go down. the price in bs6/bs8 however would probably not be affected. My only worry right now is that my landlord decide to increase the rate. It did not happen yet but he may decide to do it in the future.
  8. There are simply to many variables to be able to predict the future: 1. rising world population 2. rising pressure for ressoucre (price of food, peak oil, increasing scarcity of mineral etc...) 3. rising of the eastern world 4. aging of the population 5. increasing concentration of wealth 6. climate change 7. QEs 8. raise of faschism / political instability around the world 9. economic model (ultra liberalism or protectionism?) 10. automated share market, rigged & unpredictable The world is too complexe for anybody to understand.
  9. I am renting a 2 bed room in bedminster for £650 if I was planning to spent that in mortage, i would have half the flat i have now. don't like my situation much but it does not make sense to buy now. Furthermore, shopping around east street & asda, i can clearly see nobody have cash around there. pawn broker, discount shop, poundland super busy. Asda is full of people buying few booze and basic values only brands... depressing, i prefer to rent and eat healthily this area is becoming a third world country
  10. http://www.dailymail.co.uk/news/article-2040984/Buy-house-Desperate-home-owner-Tim-Mason-advertises-SANDWICH-BOARD.html
  11. Just been to Adsa, Buying some prawn, I was looking at expiry date when I noticed something: 200gr of prawn on 28 July has become 180gr on the 29 th.
  12. Another point on commercial estate: I spent some time yesterday in the broadmead galleries. Talking with some shop owners, all of them said they are making a loss since christmas and don't expect the market to pick up before may. the ground and first first are almost half empty., the acrade to go to primark if 3/4 empty. yet no sign of price reduction for renting to businesses. about 10K a year to rent a tiny unit in the arcade, good luck with that.
  13. My worry is that the raise of interest rate will mask the drop in house prices. is it better to pay 150K at 4-5% or 120K when the IR will raise to 7-8 %, knowing the spending cut will impact me as hard as anybody? That's what still confuse me.
  14. Bristol is still a very rich city. All the west side still live in their old little world. A one bedroom start at £170K. £800K is not rare in clifton. The rest of the city were real people are still recovering. The amount of unsold house turning into rent and the number of "reduced" price houses is on the increase, I beleive.
  15. Don't know if it is omly wishful thinking but it looks price start going down and few seller seems desesperate for example: http://www.rightmove.co.uk/property-for-sale/property-29393165.html from 210 to 120 http://www.rightmove.co.uk/property-for-sale/property-15931578.html?premiumA=true from 150 to 115 http://www.rightmove.co.uk/property-for-sale/property-26775709.html?premiumA=true http://www.rightmove.co.uk/property-for-sale/property-30702506.html?premiumA=true Obviously, it is not fantastic places to say the least Also the seller drop the price very quickly after induction. Sellers seem to adapt supermarket tactics now. As every buyers want to see the sign reduced before starting bargaining. they reduce it within 1-2 weeks.
  16. If my father would screw me like that, I would never speak to him again... family bond, I guess
  17. Do you have to pay again the VAT on these products?
  18. If you spend 5 000 pounds a year, it is an extra 125 pounds and inflation pre-VAT is likely to go up. I know many people that can hardly save anything at the moment. VAT + inflation + change of overdraft fee (lloyds for example), I feel worry for some of my neighboors. I don't even want to think about council taxe and petrole that too depressing
  19. Thanks. The music is shocking. No wonder why they need to give a fair deal to get customer ;-)
  20. Hello guys, Apologies, this has probably been discussed in the past. I bought some physical silver&gold as an investment without actually planning how I would be able to sell it if in need. Most of the place which buy gold/silver for cash seems to ripp off customers and ebay sound a bit random. Is there some well establish establishement that buys investment gold/silver at a fair price? What is a realisitic expectation when selling? I would hope to get a least 90% of the trade price. Thanks in advance regards
  21. But if interest rate stay like that for years...there is no point waiting to buy. I cannot find ant serious article on the subject. I agree with you however. ZIRP is the key that will decide when the market dips.
  22. Anectotal, It may be because my girlfriend starts a business around park street so I tend to look at retail unit for let which I did not before, but there are about 5 retail untis for let/sale on park street + 2 repossession.On the triangle as well, 4 shop in a row are for sale or auction. East street abd north street are overwhelming number on shop are not used. The only side increasing is the number of coffee shop. Last year businesses went bust after chrismas. This year , few go bust before chrismas. I know nothing on retail property, does someone know?
  23. Talking of rental cost, I am surprised to see some flats going down, today http://www.rightmove.co.uk/property-to-rent/property-22808195.html (650 to 595) http://www.rightmove.co.uk/property-to-rent/property-28107901.html (775 to 695) http://www.rightmove.co.uk/property-to-rent/property-27502579.html (575 to 525) http://www.rightmove.co.uk/property-to-rent/property-31273253.html (600 to 550) http://www.rightmove.co.uk/property-to-rent/property-17284284.html (700 to 600) not great flats of course but still a surprise. It may not increase that much after all...
  24. Concerning housing, you are perfectly right. There is little correlation between rent/buy price. The houses reach insane prices in bs8. I have 30-70k to invest in a home (FTB) and just consider the options at the moment. It makes sense to buy next year if I convinces myself that the flat value will be "proctected" by the demand in both rental/buy market in bs6/8. I am fully convinced yet.
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