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siskin

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Everything posted by siskin

  1. Totally agree. Once people understand this simple equation its game over for the ponzi pyramid. My frustration is that I massively underestimated how far the state would go in trying to shore up the bubble and what a grip the banks had over the UK. Democracy is in name only. I also hadn't anticipated the length of time they could be successful at kicking the can down the road. To me the last 2 years in particular have felt like like an eternity. I guess that when the history of the UK housing bubble gets written up in the future the 7-10 years (starting in 2005) they managed to keep the bub
  2. +1 Tried to post a thread on the main forum about this same topic but can't see it yet. This is new front in the fight to keep the bubble going. Lloyds and the councils, some similar scheme called First Foot promised by Labour if they win in Scotland in May and some stories planted by housebuilders asking for mortgage inndemnity guarantees in the media today. Basically it's all more moral hazard they take the profits and we pay when it goes wrong.We are fecked. Every political party has sold its soul to the bankers on the altar of endlessly rising house prices. Seriously thinking I should
  3. Mortgage indemnity guarantees look to be the new front the VIs have opened up in the battle to keep house prices up and make sure the taxpayer takes the risks. A Scottish housebuilding firm Stewart Milne have been ramping this idea in two Scottish broadsheets the Herald and the Scotsman. today They've clearly got Scottish Labour onside already with their First Foot scheme. And, this just after we've had Lloyds and various councils getting into bed with council taxpayers money last week. No longer able to rely on luring FTBs into debt at the risk courtesy of the Bank of mum and dad the VIs
  4. Story in Herald about housebuilder Stewart Milne. They estimate up to 20% of their agreed sales fall through due to lack of mortgage availability. Or, maybe people are starting to realise house prices are falling?
  5. We need a Harry Hill style fight which is better twigs or pyjamas?
  6. Read this letter in the local rag and had to share it. The question is will putting twigs in a vase have the power to cancel out the effect of pyjama blight in our once proud suburbs? Seriously though, it has got me wondering whether all this house price crash waiting is really worth it just to end up living next door to someone like this Hyacinth Bouquet numbskull.
  7. Sorry but the rest of the article in the Sunday Herald is behind a paywall. I read it in full in the paper version today. A full page that covers all the HPC arguments, for why house prices need to be allowed to fall. IW also blames the influence of VIs in the media for house price rises always being reported positively. love this guy.
  8. +1 I check their website from time to time but only seen one protest in Glasgow so far. Hope to be there for the next one.
  9. I know I've posted this in another thread a while ago but I think that some of the cosy deals that go on between RICS home valuers and some big EAs aren't helping manage sellers expectations on prices either. I've noticed that more realistic prices and valuations tend to turn up on houses marketed by small local solicitors on GSPC. For example a few bungalows in Bearsden have come on with small local firms at much more sensible prices. However as noone else is asking reasonable prices competition for these properties is fierce and they almost always sell in days. Presumably the surveyors wh
  10. Just had a look at your link, Balfour Hall Q17 - Apartment 249 Love the aspirational names developers give to their projects. Shouldn't that be Balfour Hall servants quarters?
  11. Go and see it but be hard headed about it. There is no one perfect house they all have pluses and minuses. Make sure you look for both. And. remember that if you don't get this one there'll be another one along in a few weeks and it will probably be cheaper. As my granny used to say 'Whits for you will no go by you'
  12. Just had a call from an EA working for Your Move checking if I was still looking for house. When I said yes she said 'Oh dear' in a patronising you poor loser type of tone. So I explained I'm perfectly happy to rent until prices come down. And, I was pretty sure that most potential buyers felt the same, especially as I could see nothing selling at the moment. I suggested that maybe a way out of the current stand off was for EAs like her to start managing sellers' price expectations down to a more realistic level. She sounded a bit nonplussed but it put a smile on my face.
  13. http://breakingnews.heraldscotland.com/breaking-news/?mode=article&site=hs&id=N0713571297606218109A Who to vote for in the May elections? SNP whose housing minister thinks a 'healthy housing sector' means using our money to prop up inflated house prices Conservatives who boast about their role in getting Swinney to put in extra money to prop up the housing bubble Labour who created the bubble in the first place :angry:
  14. My OH had a laugh and thought maybe they meant "we've had no offers". I'm reading it as an instruction coming from the seller to say that they won't accept anything less than 260k. The capital letters kinda scream don't they? Not really a clever way of courting potential buyers. It's like these small ads that say 'no time wasters'. I always picture a seller with a nasty attittude and a sense of entitlement when I read them. Not the kind of person I'd like to do business with or feel like meeting halfway in negotiations. When I see things like this it makes me realise just how out of touc
  15. Gordon Bruar was brilliant. First time I've heard a journalist calling all the VI bull s*** and saying the reason house volumes have collapsed is down to house prices being too high, delusional sellers and interference in the market . More please.
  16. Yeh, I was pretty pissed to see so many people but looks like most aren't paying silly prices anymore. The Mexican stand-off was in East Renfrewshire. I'm looking there and in South-side of Glasgow in 200 -250k range. Originally looking for a detached place but after 2 years now think a semi would be fine as long as it's got a garage and south or west facing garden. Best of luck trying to get something in Edinburgh.
  17. Went to view a house on Saturday that has been on since October 1st. Needs new central heating, boiler, bathroom, kitchen, rewiring and plumbing (has lead pipes). I'd thought that this might be a good time to view because the house has been sitting on the market for 3 months plus and with a few months of consistently bearish news stories about house prices hopefully the seller would be approaching a state of mind where he'd be happy to take a low offer. So I wasn't best pleased to find people queuing outside for the viewing and a total of 10 couples traipsing through the place. It felt like d
  18. Same argument that Greg Pytel has been making. Good to see an MEP speaking the truth for a change. More power to him. I'll watch the Irish election closely to see if his party increase their share of the vote.
  19. I feel the same. Fed up looking at overpriced rubbish. It seems like a lot of effort nearly 3 years of watching and waiting for not much even when it becomes affordable. Have recently started to wonder if i should look into self-build (Scotland). But, planning regulations seem to be weighted against individual developers and in favour of big companies. Nothing new there either.
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