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House Price Crash Forum

Space Cadet

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  1. Don't worry, would never consider anything but some form of capital repayment. Not many of this style listed on houseprices.co.uk. Price in mid 2003 for an idential house was £93,500. Hard to make a comparison before that as none listed. Other houses (in different style/area) which sold mid '05 at 140-150K were 85K in mid 2001 and 95K mid 2002. Anyways, thanks all for the advice, downside risks may be greater than I anticipated. Going this weekend to have another look and roughly price up the work needed. Also need to look at nationwide figures again. Any other stats just been released for
  2. Right, I'm preparing for a flaming here, but just want peoples opinions on the following: 2 bed terrace house in a nice location, good sized living/dinning room, small garden, adequate sized kitchen, in Devon Asking price £130,000 This place is suitable for my needs for the foreseeable future in terms of size. It needs some work, principally new windows/doors, redecoration throughout, maybe new kitchen, and eventually I would want to knock through the wc/bathroom. The house is a repossession and has been on the market for three months, had one offer which fell through when a chain collaps
  3. Port Solent - that place always makes me laugh. Its got a motorway on one side, an active landfill site on the other, a disused gasing landfill in close proximity, is built on reclaimed (ie - shit) land and is close to some of the worst estates in Hampshire. Also, travellers have set up camp next to it on several occasions, and it will probably be all under water in about 80 years. When every I went to the cinema down there, I got the impression that it was inhabited by the chin-less yacht set who all wish they were Ellen McArthur (sp?). You couldn't pay me to live there. When I worked for
  4. I know of a number of couples in similar situations. A friend of mine has just brought at 95K on a 20K salary, although he got his missus pregnant so in a way his hand was forced. Anyway think they may struggle as they are on a single wage with 4 times mortgage and babe due. A bloke that I work with has just brought a 140K refurbished ex MOD house from a developer (fees paid, stamp duty paid, 5% deposit paid), hes on 18K a year and his girlfriend on 20 something K. Incidentially the developer was not accetpting offers due to 'incentives' avaliable, and the day he signed the papers they raise
  5. Well, considering she brought the place for about 5K you'd think she would be over the moon, greedy bi*ch... Really does show how some people feel its there 'right' to make shit loads on a house, when in reality they have just been lucky. All in all a good programme - Ive never given much thought to the whole right to buy era before (I was still in nappies at the time it started), but it did well to highlighted the social changes brought about, as well as sowing the seeds for the mess we now find ourselves in.
  6. As Pricedout mentions above, if you are looking at a new build (or anything built after late 1980's) then suitable precautions should have been taken during the planning process. Currently, any obvious or suspected brownfield development will be subject to a planning condition basically stating that the developer has to adequately investigate the site, and remediate any contamination present, all of which needs to be approved by the planning authority before the planning conditions are signed off. Best to check that all planning conditions have been signed of before buying. Also if the house c
  7. In a word no. It was never designed to last forever (rather had a predicted design life over which it would protect the upper Thames), the problem is it appears that the incidents of storm surges combined with sea level rise will make it redundant alot quicker than original thought. As you've pointed out, it is closing alot more frequently, which appears to be indicative of greater incident of storm surges/extreme high tides. Now, at some point the Gov will have to build a new one (probably under some hideously inflated PFI intiative as seems to be the current fashion), the favoured location
  8. Yeah, I don't wish that kind of misfortune on anyone. Having said that people looking to sue their surveyor because prices are dropping.... someone needs to give her a slap, I mean what f*****g planet are these people on.
  9. Just when you thought you'd seen every incentive going, stamp duty, fees, free carpets, deposit, free football tickets.... Now, free farm animals!!?? And you get the option of turning them into sausages.... The world has gone mad. http://news.bbc.co.uk/1/hi/england/glouces...ire/4216392.stm
  10. Yeah, I do. As per your other posts, no big price falls down here yet. Although it seems that alot of properties are sticking on the market and I'm seeing a good deal of 'new price' ads in the homeseeker. Ive looked at buying several times over the previous 2 years down this way, each time not quite going through with it as I had a gut feeling it was all wrong. A couple of places I looked at 4+ months ago Ive had my eye on since and there not shifting, although the vendors are starting to shave the price on some (although not by nearly enough, just 2 or 3K). A friend of a friend works for a
  11. I was just sending a fax in the reception area at work and happened to over hear a conversation involving one of the office juniors. Office Junior sat there looking at something on internet, another colleague walks past - Q "What are you buying/looking for" A "My bf has just brought a house, and is doing it up to sell on, and i'm looking for some furniture. He's going to do up 2 or 3 before buying his own, and has given up his job to do it..." I kept my mouth shut as she's a nice girl and dont really know the boyfriend, plus hes already brought the house, but couldn't help thinking he will
  12. £420,000? What's wrong with that? It's only 30 times the average wage for the area. Surely the price can only go up, especially with an IR cut...
  13. In todays Guardian: http://money.guardian.co.uk/creditanddebt/...1529921,00.html Like this bit towards the end - "Then he says that a friend of his recently compared the credit card industry to slavery - that the lenders are the new slave masters and the borrowers the slaves." And demostrates how a well intended husband with (persumably) little family savings or appreciation of debt can go from owing £4000 to £130K in 6 years. 22 credit cards each being used to pay off the others. I think a bit more regulation in the industry and education of the masses would not go amiss.
  14. The consensus of scientific opinion would suggest otherwise, as the IPCC (and many others) have produced significant peer reviewed reports, which suggested that global warming is occurring and human activity is, in part, responsible for the change. As you point out, global climate fluctuation is natural and has always occurred. However, this problem (and our contribution to it) is going to bite us on the ass, but the people who primarily pay for the damage caused be the west will be in the third world, as they can least afford to 'buy' there way out of trouble as we will be able to (at least
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