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House Price Crash Forum


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Everything posted by qwerty1984

  1. If you're in work and have an average salary prices outside the SE are pretty soft and there's plenty of affordable stuff.
  2. The main problem is in the SE where prices are far too high for non-financial workers, and in the rest of the country for people struggling to find FT work. Both are huge issues.
  3. Someone on an average wage in an average part of the country can afford all this. If he has a family his wife may need to work too if they want a bigger house. Big deal. Anyway-"second world" was a term given to the communist states and so completely inappropriate.
  4. Completely false. The intrinsic value of anything is subject to permanent change. What price an acre of boggy oil-rich land 400 years ago? What price a nice strong ox or cart horse in the UK compared to 200 years ago? In addition, real increases in wages and GDP mean that we have more real income to spend on things, including housing.
  5. Spot on. To anyone actually sucked into commenting on this supposed "family" need checking for pathological levels of gullibility. The Daily Mail is playing you like a cheap violin
  6. Half the department suspended as a "precautionary" measure. Jesus wept! I've always thought that the statutory notice system was a licence to print money for the contractors involved. In many cases they are doing work charging thousands of pounds and the repairs are never seen by any of the residents being up on the roof or gables, so you only have their and the council's word for it that it was ever done or even necessary in the first place. The whole thing was ripe for exploitation on both sides-brown envelopes in exchange for getting the contract to do the works, more brown envelopes in
  7. Well they're marketing it through Strutt & Parker so they obviously think its a cut above your average flat Looking at the layout I'm intrigued-where did the bathroom use to be? There must have been one but neither of the shower rooms look big enough and all the bedrooms look too big!
  8. This is why prime London prices are massively higher than prime Edinburgh. Prices in poor areas of Edinburgh and London are off the radar of folk that earn good money. They are mostly non owner-occupied and the price of the property is strongly influenced by the level of rental income which is pretty much set by the housing benefit that the council will pay to your DSS tenants. ccc-you seem to be trying to make the case that London is better value than Edinburgh?
  9. The should have called these guys. http://www.youtube.com/watch?v=UY_mPrjHQyY What a gloriously pre-credit crunch advert!
  10. I like the picture of the living room ceiling in the pdf schedule-seems to be untreated concrete!\ Presumably intended to cut costs make the place look industrial
  11. This story did the rounds of the national newspapers about 3 weeks ago! http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/8732253/HMRC-to-verify-mortgage-applications.html http://www.dailymail.co.uk/news/article-2031964/Taxman-check-wages-bid-beat-mortgage-fraudsters.html
  12. This made me chuckle http://www.espc.com/buying/288312.html The are claiming this £140k concrete coffin on Peffermill Rd is in the district of "Newington"!!
  13. An IR rise will send the economy back into a long recession. Do you genuinely think that this will lead to a strong £ long-term?
  14. Yes you're right unfortunately, but at least if you stay in the game work-wise there is the prospect of things improving.
  15. Economics 1.01: cost-push inflation is not combatted by raising interest rates. Yes with millions unemployed (unable to buy) or faced with 10% mortgage rates (unable to buy).
  16. How about push on with your career and salary progression so you earn far more than you could on benefits?
  17. There are certainly likely not to be large interest rate rises for a few years yet. Inflation will mean that house prices drift down steadily in real terms though. However, the only thing that really matters is whether they also drift down relative to wages. If your career and wages are on an upward trajectory then house prices will seem increasingly cheap over the coming years
  18. Pricewise, crappy London area = Nice Edinburgh area Nice London area = silly money http://www.winkworth.co.uk/sale-rent/property/WNKWIM000336 And I'm talking Nice e.g. Wimbledon, not Mayfair, Chelsea or other prime areas.
  19. Pretty much every commercial retail company has an advertising budget. What do you live on? Potatoes from the farmers' market and wear the sacks they come in?
  20. Why is everyone foaming at the mouth over what he says? He left the MPC over 2 years ago. Calm down dears!
  21. I think this analysis ignores the fact that most prospective sellers are also prospective buyers. Many sellers don't want to sell because they don't want to buy-particularly if they are wishing to trade up. Also for a lot of folk the mortgage deal on their current house is far better than what they could get in any new deal. This reinforces the financial incentive to stay put.
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