rentforlife

Truly brilliant...! My faith that Im not the deluded one has been restored. thank you!!!!

But am I missing the point? Unless Im being completely thick, I dont see the plethora of residential property available like there is with commercial?

Am feeling your pain. Potentially as this is a "mental illness", then you might well qualify for sickness benefits?! I am tired too - no one is building, interest rate rises are a long way off, & good houses continue to sell for asking price with no discount. I am beginning to think that it is me who is deluded & have my head in the clouds, rather than sellers...

Good news - what are people seeing locally in their figures? Was a major talking point at a BBQ this weekend - a few couples like us who were renting. General concensus was that if they could get a mortgage for banks either 100% or 95% they would jump at chance to own a shoebox, rather than pay the ever increasing rents.

28% of US homeowners already owe more on their mortgage than their homes are worth. A recent survey by Fannie Mae found that 27% of American homeowners are considering walking away from their mortgage. A perfect storm is brewing So do we have anything interesting facts about uk? Im bored of hearing how much the US property market is bombing, yet we see no sign of it here (except NI of course, where overbuilding has been rife)

Rubbish - as if EA would ever do something so sneaky... Youre just too slow Exiges - dont you know the saying "snooze and you lose?" Properties are simply flying off the shelves - they dont even need sales boards

He should be pushing a double council tax for non residents on the basis that it encourages support for local homes for local people - not on the basis that it raises more funding locally! After all, all these grockels are buying homes that could be available for local people thereby creating further demand on local housing authority costs I like the concept - its absolutely appropriate - I only hope it gets through

I think its going to be up 1.6%

Well yes I accept the market is the best judge. But my issue is how this sort of action affects house prices locally - when he puts a property on at unrealistic hiked prices and then takes off again & then puts on again this affects the figures on rightmove, zoopla etc (unless Im mistaken?) & artifically inflates prices. Granted, this is just 1 property, but its the first one Ive looked at in some detail...my thought is that all it takes is a few idiots like this to artificially raise the price for an area.

I put this in the West Sussex board, but thought it should really go in here! Im going to have to go and look at this property - I cannot wait to quiz the agent and owner on the strategy here....whats your thoughts? 6th March 2009 (height of pricing bubble?) - property was purchased for £220k http://www.zoopla.co...nt%2C%20Horsham October 2010 - After some work to improve from 2 beds to 3, property put on the market for £395k. Then taken off market at some point: http://www.zoopla.co...453bd7b64fc805a Wanted others thoughts on this one!!!

Im going to have to go and look at this property - I cannot wait to quiz the agent and owner on the strategy here....whats your thoughts? 6th March 2009 (height of pricing bubble?) - property was purchased for £220k http://www.zoopla.co.uk/house-prices/horsham/the-crescent/?q=The%20Crescent%2C%20Horsham October 2010 - After some work to improve from 2 beds to 3, property put on the market for £395k. Then taken off market at some point: http://www.zoopla.co.uk/property-history/26-the-crescent/horsham/rh12-1nb/12717001 4th March 2011 property on sale for £375k 11th May 2011 reduced to £355k 15th June 2011 reduced to £349,950 http://www.zoopla.co.uk/for-sale/details/14174921?search_identifier=6052d5184237421bb453bd7b64fc805a Wanted others thoughts on this one!!!

Sadly, your statement is correct at least in the South anyway. As a sussex lad, I had to agree to a 10% increase this year. Landlord would not budge. There is little available in my area & anything that does come up gets let out very very quickly. Rents will continue to go up irrespective of what happens with interest rates, because there is a lack of affordable housing in the south. Until we see significant development in new properties in the south, this will continue to get worse and worse.

I must READ all postings in a thread before responding, I must READ all postings in a thread before responding, I must READ all postings in a thread before responding, They deserve no sympathy

http://maps.google.com/maps?q=GU5+0PN&hl=en&ll=51.20281,-0.543437&spn=0.006857,0.01929&sll=37.0625,-95.677068&sspn=35.494074,79.013672&z=16&layer=c&cbll=51.202871,-0.543632&panoid=0humcjxVn9w4JgDCwjcyNg&cbp=12,235.29,,0,13.29 Im guessing this is the one based on the zoopla???

Would be very interesting to understand re family in the south how much money they borrowed to fund their "£600,000" house. would love to know how much they really paid for it & also whether they took out additional loans against it.... Im making an assumption that their take home pay is around £3200 a month? 40% of £3200 is £1280.

Actually, let me rephrase that to Pension Pyramid schemes

What a jolly good idea - the government should adopt the same with all the baby boomers who are sucking our pension pots dry, got free university education & saw their house price rise to ridiculous levels

Agreed. I am tired of hearing 2011 being compared to the early 90s. Facts are that things are very different. People were paying in excess of 15% - BoE has made it very clear over and over again, that they do not support interest rate rises anytime soon. Early 90s had a surplus of housing available & significantly higher volumes of social housing available. Today, we have a demand for housing which outstrips supply. This will be close to a lot of HPCers hearts because we are feeling the pain through rental rises. I live in South East - we are seeing house rises not decreases. http://www.housepricecrash.co.uk/forum/index.php?showtopic=166160

Value change over RH13 Zed-Index* 3 months 6 months 12 months £332,446 +£8,862 (2.74%) +£15,450 (4.87%) +£1,313 (0.4%) Avg. price paid £318,141 (over last 12 months) No. of sales 439 (over last 12 months) Turnover 17.6% (% of homes sold in last 5 years) This is really depressing news for me & backs up what I see in every estate agents windows in town that prices still going up. Would have been so different if BoE had got off their arses & done something about interest rates.

Charity begins at home...

Supply & Demand sadly...there was huge outcry to building new homes in Southwater recently & the plans were thrown out. Until significant numbers of homes are built (and we need thousands in this area alone), then nothing is going to change.

those are really eye watering numbers. £3k a sqm??!!

Agreed - social housing not the right phrase I was looking for Im thinking of some form of affordable property provided to hard working familiies close to where they work & where they arent at mercy of amateur landlords with risk of being turfed out annually, risk of significant rate rises etc

RMT workin with passenger groups - that will be a novel approach

Presumably there is a perception within the public, that Estate Agency is a profession & you are paying for a professional service - that the person marketing your property on your behalf might be professionally qualified? The assumption that the EA is as integral to the house sell process as is the banker or the solicitor. Am thinking similar - at some point Rightmove will make most high street EAs redundant - which in my home town means potential for at least a dozen new coffee shops! All we need is comparable "Parkers guide to used car prices" - "Rightmove's guide to used house prices" Is it REALLY that complicated?!