Unsafe As Houses

Would be good to see fewer Prets in Central London

Kitchen looks nothing special, perhaps it's an unflattering photo. Or maybe when you have that money you have staff for the kitchen and don't care about an island, quartz worktops, open plan etc.

International Students bring in more money to universities than home students. One university (near Leeds) is really struggling to recruit home students so they're making more offers and lower offers to international students.

TPTB came up with many different policies to keep the house price boom going (HTB, QE etc), which were successful for many years. They can't stop house prices going down for now, so they will want to get the crash/correction over with as quickly as possible .With that in mind I'm thinking Jan 2025 will be the bottom followed by another boom stoked up by whichever party is in power.

It sounds like you have always rented high-end property. If you’d rented places at the average or low end of the market I think your experience would have been different. I lived in a shared house in London and we started getting mice – our scumlord’s ingenious and only solution was to buy us a cat. In another place I rented the hot water worked intermittently and the landlord refused to fix it. Perhaps if you’d have had these sort of experiences of renting you would be more inclined to buy rather than rent. I like owning a house. I get a lot of satisfaction (and exercise) from DIY projects I couldn’t do if I were renting it.

This ^^^

This ^^^

There's a property for sale in the same building for 7 million : https://www.rightmove.co.uk/properties/125818394#/?channel=RES_BUY Oh wait it's sold STC - I guess you've got to move fast to bag a bargain in London.

Link to article: https://www.reuters.com/world/uk/uk-home-prices-fall-unlikely-come-crashing-down-2023-02-28/#:~:text=LONDON%2C Feb 28 (Reuters),analysts polled by Reuters said. Never trust an anonymous 'expert'

With all the bad press they have had in the last few year, I'm surprised anyone would even p1ss on a Persimmon new build, let alone pay 345k for one.

That size of damp problem on a new build that the owner just discovered - it will be a leak in the bathroom rather than a failed DPC.

Agreed. As the number of mortgage approvals reduce the Halifax HPI will get more erratic. If houses prices drift down rather than plunge we should see a few monthly ups interleaved with monthly downs.

https://www.rightmove.co.uk/properties/130274540#/?channel=RES_BUY Link above Bedroom does have a window they just missed it from the floorplan. I think it's actually illegal for a designated bedroom to not have a window. Although when I lived in a houseshare in London a few years ago one of the 'bedrooms' did not have a window.

That's what happened in a lot of city and town centres in the 1960s/70s in a rush to 'modernise'. Unfortunately, the stuff they built tended to be poorer quality than what was originally there. Now 50 odd years later a lot of these buildings are being demolished themselves.

In my area, (deprived former mill town in West Yorks) I've seen a few for sale signs taken down over the weekend by the wind.

For me, in general, the exterior appearance of housing took a downturn after the second world war and never really recovered - fussy and ornate was out of fashion and functionality was in. On the other hand, someone more utilitarian than me can argue that there are general improvements in the way houses were built from 1945 onwards . Nevertheless, if I were buying a house, I wouldnt consider the vast majority of houses built post 1945. But it would be boring if everyone liked the same style of house

Most Victorian houses don't have more restrictions than newer houses; it's only when they are listed or in conservation areas that they do. If people don't like or understand why such restrictions are in place then they should buy a different house.

Yeah we saw it. I liked how the couple disregarded Krusty's plans of how to renovate their house and did their own thing. They mugged her right off Shame more people don't pay no attention to Krusty.

I,m not sure there should be a hump in the birth rate of Generation X (aka the baby bust generation). Is that hump not just more of our beloved boomers? Some people like yourself argue that the baby boom generation ends sooner than 1964 - there is a case for it - but 1964 is the generally accepted cut-off. For the purposes of this site, a 65-year-old born in 1957 would have been 40 in 1997 and therefore had ample opportunity to benefit from all the crazy HPI inflation. So when people bemoan that boomers had it so good with the houses prices I bet it is the 1946-64 definition of boomers they are referring to.

65-year-olds ARE baby boomers. Boomers are people born from 1946 to 1964, so 59 to 77-year-olds.

Give me a handout Rish or I won't build as many barratt boxes https://www.bbc.co.uk/news/business-64234225

A flat roof is still significantly inferior to a pitched roof in this country.My house's pitched roof is over 100 years old and still going strong. My garage GRP flat roof is 6 years old and water is starting to pool on it in a couple areas - it's clearly not going to last anywhere near 100 years.

The Owners Love “We love our quite road and how friendly everyone is” “The open-plan living is great for entertaining” “We love how we get sunshine all throughout the day outdoors and throughout the house” They dont love it that much - bought it under two years ago, for 600k.

Reliability of flat roofs have improved with use of EPDM and GRP. Nevertheless, a flat roof is still a big red flag for me.

Richard Sexton: “It is very likely that whatever the economic weather the lack of supply will continue to underpin the relative strength of UK housing [prices].” FAIL. Its is not the lack of supply of houses driving the huge increases in house prices we have seen, nor will it underpin the existing prices.