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undersupply

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Posts posted by undersupply

  1. Mmm, it seems a lot of people are in "wait and see" mode as it's happening but we're not quite there yet. Also interesting how a) trolls dried up a month or two ago and b ) the main forum consensus seems to have moved forward from if anything might happen to when, and the uber bears have moved from when to how bad.

    Latest land reg show newcastle up 0.6 % MOM versus 0.1% for the whole contry 0.4 for tyne & wear & minus 0.5 for durham.

  2. Nationwide Q1 2007 £177,849 for Newcastle u Tyne

    Nationwide Q2 2007 £181,104

    Annualised thats a 7.3% increase.

    However YOY Newcastle moves from 1% (Q1 06-07) to 3%(Q2 06-07), & is only behind Liverpool in cities with the lowest HPI.

  3. Uh-oh. March figures from the Land Registry are out and it's not looking good for 'investors':

    http://www.landregistry.gov.uk/assets/libr...ts/hpir0407.pdf

    North East region -1.0 (MoM), +5.7 (YoY)

    Newcastle upon Tyne -0.7 (MoM), +2.3 (YoY)

    Newcastle is slowing month by month. Capital gains for BTLers are now well below gilts and other comparable investments :o;)

    Hard to know who to believe, the latest Halifax report had Newcastle at 10% yoy whereas Nationwide had it at 1% yoy.

  4. SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD! SOLD!

    But for how much? :unsure:

    Still not on houseprices.co.uk

    I wonder why :lol:

  5. What amazes me is why Ireland even had any house price inflation in the first place. The whole country is so abject and boring. The suicide rate should really be a lot higher than it is. Take Dublin, for example. Is it a world class city? I think not. The prices do not reflect an accurate picture of the country whatsoever. Most jobs are poorly paid but they love to lend out the money. This has sent out the signal to the latte brigade that Ireland is a financial centre to rival New York and London. The reality is far more sobering. All the smart money and companies are slowly pulling out of most overpriced country in Europe.

    It will be a bloodbath and rightly so.

    I wish the suicide rate in Xurbia was a lot higher, also in Xenophobia your neighbouring country.

    Do us all a favour & stay off the thread.

  6. Rent out the flat for the moment and rent a property for your family in the meantime while you take a breath and think about it. Luckily you appear to have enough income coming in to ride things out for a bit so while the flat will be slight drain on the income for a while until you decide whether to keep it or take a loss.

    Not a great situation but as long as the money keeps coming in you'll be OK.

    For the third time.....................

    CCOVICH

    Tír Chonaill Abú Posts: 7,497

    Re: Negative equity help

    --------------------------------------------------------------------------------

    Dadx3 (also known as Diatom, here on AAM, and on thepropertypin) banned for trolling.

  7. Congratulations on the triplets. B***** the flat you got something important now. Do a crash and burn and go for social housing, you need a house right, what are you going to do, save up 400,000 Euro over 150 years. Its a joke. If you don't loose the flat they are going to expect you to live in it with the triplets, if you give it up they are going to say you made yourself intentionally homeless so not our problem. Got any other credit, crash that with the flat.

    I don't know what the difference's are in Ireland, I am in England.

    Its a bear trolling, like RB over here :lol:

    http://www.askaboutmoney.com/showthread.php?t=51081

  8. So you believe that the UK and Newcastle upon Tyne are in trouble!

    Possibly, if Republic of Ireland, Northern Ireland,Scotland & London, get into trouble soon, then Newcastle could get caught up in the tsunami. I can't see anything happening this year HPC wise in the Toon, & if inflation falls at the end of the year as Merv has predicted & interest rates fall, then all bets are off for early 2008.

    Interesting, worth pointing out that the article is more than 10 months old, three interest rate rises later if you believe the spin house prices have taken off again! I also know that the OECD figures as published in the Economist magazine show that household debt as a percentage of household income puts Britain in the number one position, that's higher than the USA and Japan. Interesting times!

  9. Convenient! Anyone can look at a graph in real terms choosing the trough in one cycle and the peak of another cycle 55 years later, and say prices rose 2.7% a year not including inflation...Likewise I can say that in the 25 year period 1973 to 1998 house prices actually fell not including inflation! Like us bears always say... at the end of the day the market is cyclical!

    Will you disagree with these two statements?

    Home ownership is a good hedge against inflation.

    Home ownership is a good hedge against house price fluctuation.

    http://www.nytimes.com/2006/03/05/magazine...;pagewanted=all

  10. Much sense talked by the BBC's Evan Davis in his blog today. I could have written the last few paragraphs myself

    [

    Those nervous buyers should take heart that even right now is a good time to commit. There is the comfort in knowing that house prices have risen on average by 2.7 per cent a year, not including inflation, since 1950, even during decades of busy housebuilding. This is not the handsome figure some might want, but Davis does say that house prices do double every 12 years or so. He explains: “If the speculative froth flowed away and house prices fell back you would expect them still to be quite high by international standards. A crash might make property cheaper but it won’t make it cheap.

    Evan Davis is usually championed as a HPC bear on the main forum.

    Is the last bear turning bull?

  11. Good work Neil ! The next chapter arrives so soon. So what do we think he's down so far after 6 months empty with no rent income (probably)?

    Stamp duty £2K

    Purchase and Sale Fees £5k

    6 months interest only on £200K, about a grand a month £6K

    Total £13K

    So he needs to make at least £213K to break even.

    Now at £230K it looks good value BUT ONLY when compared to the quayside shoeboxes for similar money. My hunch is it won't get any bids as it's only worth about £150K. This story has got a few more months to run. How long will our here continue to burn £1 a month before cutting and running? Deal or No Deal !!!

    Finally, dissappointing that last septembers auction result is still not shown on the landregistry figures

    http://www.houseprices.co.uk/e.php?q=102+knightsbridge+court

    Worth somewhere between £185k and £228k, I would think, based on the semi d and 3 bed averages in the area.

    http://www.home.co.uk/guides/house_prices.htm?location=ne3

  12. Here's one to watch at the Central Grange development in Kenton, or should I say Cowgate. :unsure:

    sd5fro.jpg

    Jan Forster values the above property at £245k, if you check houseprices.co.uk you shall see that the only detached house to have completed on this street was for £192,495, I wonder, is this the same house with a £52k mark up in only three months?

    no doubt coming to an auction near you soon! :lol:

    3, Skendleby Drive, Newcastle Upon Tyne, Tyne And Wear, NE3 3GJ

    Sold for £239k

  13. The market will turn Q1 2007

    Rightmove out today for March , asking price lead indicator 1.5 % up.

    I guess Probity Guru, formerly Crash is Under Way, will have to come back as a different alias with a new prediction the great HPC Q1 2008, but the same abusive pathetic insults to all who disagree with him.

    But he made 3 million on BTL :lol::lol:

    What a muppet.

    The day after quarter one ends is April fool, what a coincidence.

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