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House Price Crash Forum


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About laughing_goat

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  1. I found the following comment on the newsnight site... Someone needs to tell this bloke that using big words doesn't make him a big man. Also, I wonder if he was this upset when all the news agencies were reporting massive price rises. http://www.bbc.co.uk/blogs/newsnight/2008/...march_2008.html
  2. Hi, Can someone tell me what happened? I was driving so I missed it. (I'm guessing we were told there was unlikely to be a crash) LG
  3. I think this could well be the case, did you notice Phil was uncharacteristically reluctant to talk up the market when prompted by Kirsty? Also, they seemed to be suggesting that the only way to make money out of their home (or investment as they seem to think of it) was to buy something they could 'do up'. I can't imagine how there could possibly be any houses left to 'do up' with the way things have been going in the last 10 years and I would imagine that if one did appear on the market would be so overpriced they wouldn't generate much of a profit anyway.
  4. I know, I found this amusing too.
  5. Frankly, I'm apalled at Kirsty's attitude towards the two couples. Telling the young guy he needs a reality check left me stunned. How can a woman who has never lived in reality, lecture someone who has rejected a place because of the (visibly) dire parking and rough area? Mr Goat commented on whether Kirsty would be willing to move to Palmers green (hmm). Also, she verbally attacked the other lady when she was dissapointed in the rather insanely over priced house (wonky fencing and all). However, my biggest gripe came when she told the young guy that in 2 years the HP's had risen by 10% but
  6. 10K, dear god! Is there anyone here good at putting together reports? Maybe it is worth sending to the real story production team.
  7. Looking at nethouse prices the ceiling price is just under £100,000. Bearing in mind, alot of the houses for sale in that area (on rightmove) are 3 bedrooms. I just hope the two youngsters who bought in this area can afford the mortgage and don't plan to have kids anytime soon.
  8. Does anyone remember this, this, this? Yes, it’s been over two years since Barbara Goldsmith was allowed free advertising space on the BBC at the expense of the licence payer. Anyway, I seem to remember the delightful Ms Goldsmith telling the very young couple from Yorkshire that a 2 bed terrace house (costing £92,500) they were looking at would "more than double in value over a short period of time." It was, of course, very clever Ms Goldsmith to avoid putting a specific timescale on her prediction. However, lets for arguments sake say 2 years could, possibly, at a rough guess constitute a
  9. Absolutely, I couldn't agree more. My sentiment was more personal though. Both colleges I mentioned are married with kids. However, their carelessness will almost certainly loose them the money they put into their BTLs but I don't think they will loose their family homes. If I'm honest with myself, I wouldn't be upset to see them learn about investments the hard way. There are a couple of people at work who's debt levels are so high that they would, without a doubt, loose their shirts if economic conditions were not so much in their favour. I think this is the issue, there are may people, a
  10. Yes, I know many people who have bought in St Albans over the years. However, very few at the moment. I topics tend to be around buying BTLs in the North of England. About 1/3 of my colleges have dangerous levels of debt, some are throwing money after a 3 legged horse in the BTL market. One college bought a house in Manchester (went straight in with an offer of the asking price even though the place had been on the market for months) and has since rented it at a loss, he has to subsidise the rent by about £200 per month to pay the mortgage. He is convinced that this will all work out when he
  11. I found this in my local paper and noticed a link to another website dedicated to questioning the sanity of current house price levels. appologies if anyone has seen this before. Links are below; http://www.stalbansobserver.co.uk/search/d...oung_to_buy.php http://www.housepricecontrol.org.uk/
  12. Hi all, I have to admit, up until last week, I haven't been on this forum for a few months. Nor have I paid any real attention to HPI in the UK or globally. Obviously, I have seen news item regarding sub-prime lending in the US and a few stories in the Beeb about UK HPI, but nothing too indepth. I've been thinking (occasionally, I do) about Austrailia (I don't want to move their, not yet anyway), how has HPI been there? A few years ago it was looking unsteady. What has been happening in Spain and the rest of the european countries that the Great British public love to invest in? LG P.S. s
  13. Dipstick, I've read your post back again and I'm afraid it still seems to me that you are taking this very personally. The impression I get is that you have been in this situation yourself (I believe you confirm this in your last post). As I said, this thread is very light hearted (maybe a little cruel, yes). We all agree that a trigger is needed and simply having your house on the market for yo long doesn't constitue a crash. As I said previously, no matter what your situation, if you think after more than 6 months of no offers that you don't need to re-address the price you are marketing y
  14. I thought FP came across brilliantly. I'm confused by the housing shortage arguement. If IR's went above say, 6% or 7%, people were defaulting on their mortgage and needing to sell quickly, I would say that whether their was a housing shortage or not, prices would have to come down (by how much may depend on the housing stock). Besides, the only housing shortage we have in this country is a shortage of reasonably priced homes for sale. There are plenty of cheap places to rent, and where I live an awful lot of places that have been on the market long term (more than a year) and a lot of empty
  15. I STRed a couple of years ago because I couldn't afford to move up the ladder. I am constantly ridiculed by colleges who think I have lost money (a closer look at the situations reveals I haven't of course). I know plenty of people who can't afford the 'next' house so their kids can have a room of their own. However, the solution is not putting your house on the market for an over inflated price. I'm afraid whether you simply want to make a profit or you are trying to move up the ladder, having your house on the market at an overinflated price for more than 6 months without an offer is delusio
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