Wig

Is this a misprint?? Most 4 bed detached in Swindon are coming on around £250k and none of them are selling... Then this one comes on at £415k? http://www.rightmove.co.uk/property-for-sale/property-20233041.html am I going mental here

What a fantastic analogy. Hats off mate I'll be attempting to relay that to people as often as possible

Buyers market, buyers market, BUYERS MARKET!! Your first offer should also be your take it or leave it last offer. You are in total control of this particular transaction, not the EA, not the Vendor, but YOU. I would withdraw your £162k offer immediately and say you have my contact details if the vendor changes their position, however the longer you leave it the more likely I am to have to reevaluate my offer / have found a vendor who is living in reality.

"Bricks and Mortar"

Racist

Thats what I'm starting to think about, quick scan shows tesco clubcard credit card 0% for 15months on purchases. Spend everything on it, pay off the minimum each month, question is what you do with the cash you're saving... presumably in the event of any debt forgiveness ********, they'd only write off taking into account net worth? ie if you had savings and debt they'd plunder the savings to pay the debts and you wouldn't be forgived (pesky savers) Which is why I'm thinking a stash of physical cash to net off the cc debt might make sense... that way you're effectively drawing out free cash on the cc to hoard needs more thought this one

Don't have huge savings in cash, but its taken 18months of hard saving and is the deposit for house fund, I've converted about 25% of it into PMs over the past 2 days - kneejerk reaction? probably, but I was having trouble relaxing with it sat in pieces of paper who's inherant value seems to be under severe attack from the people who control it's value Tempted to buy more too... Also seriously considering taking out a 0% credit card and running up debt on it but keeping the funds in bank to pay off if needed, but as a protection against any debt forgiveness programme - no consideration for those of us trying to do things 'the right way' save up live within means etc, so thinking this might be a shrewd move with no downside if managed properly

In a buyers market where fear is the overwhelming sentiment, I'd say 30% is bloody good value. Problem is at present 98% of vendors are in lala land. as the crisis becomes more widespread and more mainstream as it is inexorably becoming these past few days, the whole thing should escalate and they'll be begging you for 30% OF asking price

General rule of thumb in today's market offer 30% below asking price

AFC Wimbledon, possibly - relative newcomers and still punching below their weight up to last season, only a matter of time before they find their level and the wage bill kills them. The fans expectations always ruin a club financially eventually. Exeter are a strange example to use? went through CVA last couple of years I believe, nearly shut down by a succession of dodgy directors and owners, not sure how gates of 4k are going to sustain a league 2 wage bill let alone league 1, no way are they making money, just not possible do the maths on 23 home games a season. you don't get much sponsorship or tv money at that level! Yeovil are a better run club than most, but are still a non league club with gates of 3k they aint going to sustain a football league club. No way in the world are they a going concern, they'll be subsidised to the tune of £1/2m per year at least. Guaranteed.

Care to share which ones don't?? There might be a couple of exceptions, but I'd be amazed if more than 2 or 3 out of the 92 are run as a going concern. Being the supporter of a lower league club who have had a succession of poor leaderships leading us to the financial brink on multiple occasions... I've taken a keen interest in football finances for years and I'm not aware of any clubs who run as a going concern at the moment?

That'll be all 20 of them then. (bar maybe Man Utd who's you could argue have assets in excess of debts) Not forgetting the other 72 clubs in England who all run at a loss. Football has been bankrupt for years, it amazes me how clubs throughout the 4 divisions who clearly haemmorhage losses every year manage to attract 'investors' it did occur to me a while back that football is a relatively cash rich unregulated business where you could come in, run up huge debts against the club company, cream off as much cash as you liked for yourself before being run out of town by the fans, CVA then start again with another likely saviour...

are you proposing to actually leave the property empty? or just exploit the loophole and say its empty?

out of interest do these people smoke/drink/are obese or have sky tv/mobile phone contract/other unessential modern 'essentials'? Genuinely interested in the perception of breadline here.

they all say that until you drop em a roofie or two... ... oh you were talking about houses? I see. Me too.

In my personal experience from studying the market closely for the past year. SSTC: Means agent is getting desperate and trying to drum up interest. Usually follows long periods of stagnation and kiteflying. Often precedes “available”. Under offer: Means agent is getting desperate and trying to drum up interest. Often follows SSTC, usually precedes a price reduction. As for RM suggesting 15% of SSTC properties are coming back available, I’d say figure is more like 85% in my area (Swindon). Are they having a laugh? I bet they struggled to get 85% completion in the nutty boom years.

We all have a good laugh about the express on here, rightly so as it’s a disgrace of a rag, but this is powerful stuff – especially that fantastic collage which has been pulled together on here by someone of all the front pages. The aforementioned collage is exactly the sort of material which becomes viral very quickly. It’s perfect! send it round on email at work with accompanying comment: “Property prices are coming down whether we like it or not, the housepricecrash is on the way… Express owner Richard Desmond reportedly owns a £1/2bn property portfolio, you wouldn’t have guessed it looking at the front page of his ‘quality paper’ over the past x months. Can you smell the fear?” Everyone will read this have a bit of a chuckle and forward it on to everyone they know at work. Guaranteed this goes viral in a week. DO IT!

I'll take a stab at this: Thin air! Deregulation of lending meant prices began to rise through pure speculation, fuelling greed driven sentiment which led to a classic 'mania' phase. (a la dutch tulip bulbs) Expect more accurate answers to follow

I was drawn to this thread too... now makes perfect sense when reading the telegraph gibberish reminds me of the discussion we used to have late into the night "If what is not what, what is what not?"

Last bull turned bear surely is the best time to buy...

I do a 24hr search most days and noted to the missus today that there were loads of reductions - definitely more than usual

Corrected it for you, I hope...

If it is a big stretch to afford now, ask yourself if you can afford if if (a) interest rates rise - currently at historic lows ( house prices fall - close to historic highs in terms of income multiples © your income situation changes - unemployment rising I've done the above three and concluded I'd be madder than mad jack mcmad to buy now.

http://www.rightmove.co.uk/property-for-sale/property-29865784.html?premiumA=true Not sure the logic behind this - I'm seeing some funny tag lines inserted to the sales patter recently I like to think its the eas getting more and more desperate

Don't believe anything the estate agent says would be my golden rule.