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House Price Crash Forum


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Everything posted by AvoidDebt

  1. 'One way is to try and increase the number of properties on our books by attracting new landlords. It is very difficult to pretend that getting into buy to let is really an attractive proposition for potential new landlords.' Aren't ponzi schemes illegal? I have some sympathy here. I'd be prepared to throw something into the hat to ensure that the parrot doesn't go hungry...
  2. Estate Agent '2017 more painful than 2008' Saver Renter '2016 more painful than 2006'
  3. The strategy is to pump up the North with some HPI 'love'. It's one way to keep the indices +ve. House prices set to increase up to 7% next year despite Brexit uncertainty and income squeeze Continued robust growth in large and vibrant regional cities such as Birmingham, Manchester and Leeds is behind the raised expectations http://www.independent.co.uk/news/business/news/uk-house-prices-latest-increase-7-per-cent-brexit-income-squeeze-housing-market-a7851516.html
  4. Podcast at bottom of this article. HPC gets a mention, Russell Quirk no chance of a crash. -40% just gets laughed at (ridiculous). Demand too strong, supply too low. Nothing particularly revelatory but worth listening to the start to see how bullish Russell is. http://www.thisismoney.co.uk/money/mortgageshome/article-4702802/House-prices-stall-buyers-struggle-pay-more.html
  5. What's the bigger problem? Greek magnate with his buy to leave or the English with their lack of aversion to extreme debt and love of hoarding property via buy to let and accidental landlordism. Would love to see a sketch challenging the notion that: fill out mortgage application, buy crap house in Walsall, hand over to letting agent and throw in some priced out renters in the midst of a housing crisis is some sort of achievement or entrepreneurship. I suspect that may not get as may giggles.
  6. The fightback from Rightmove. Bullish report. Britain and its miraculous bubble that never popped. https://www.theguardian.com/business/2017/jul/17/uk-housing-market-shrugs-off-concerns-of-brexit-slowdown
  7. She cried? I cried when I read this. Tragicomedy. This is a shared ownership scheme. Just read these two sentences. - You have a gross household income of no more than £90,000 per annum. - You are unable to purchase a suitable home to meet your housing needs on the open market. http://www.rightmove.co.uk/property-for-sale/property-67718939.html
  8. Q: Why should people feel confident that you are any good at reading the mood music in a room when you did not realise the campaign was going badly? You will need that skill in Brussels. May says she realised the campaign was not going perfectly. She realised a lot of people, especially the young, were concerned about housing.
  9. Are you not expecting any estate agents to respond? You've missed their favourite. It's always the stamp duty!!
  10. Love the online stuff that's happening. However might be even less control over vendor delusions. My understanding is that they just get given a price slider UI and they can set whatever price they want. It's like putting an uzi in the hands of a monkey.
  11. Moaning about prices in office the other day. Someone mentioned that they knew someone who had their house valued, top valuation was 650, so they stuck it on market for 900!! Didn't sell. London obviously. The public know exactly what's happening, criminal..
  12. Saw thread title. Thought his failed businesses had finally caught up with him and he was now homeless.
  13. Look at this crap in the same area. 700k and agent can't even be bothered to publish any pics. They've even finished the description mid sentence. Lot's of delusions in these postcodes. They think they are invincible. http://www.rightmove.co.uk/s6p/67619228
  14. Regional papers getting bearish. Britain is due for another property crash, which would see house values in Shropshire fall dramatically, experts have warned. https://www.shropshirestar.com/news/property/2017/07/11/is-shropshire-heading-for-a-house-price-crash/
  15. More foxtons news. Reminds me of something I heard once. Friends wife works in marketing. She says companies usually ramp up marketing spend in difficult times. She also once said a recession is a good time to be in marketing. Foxtons links with Oracle to beef up targeted marketing https://www.estateagenttoday.co.uk/breaking-news/2017/7/foxtons-links-with-oracle-to-beef-up-targeted-marketing
  16. Now Jefferies’ analyst Anthony Codling says that Foxtons’ figures for the first half of the year - to be released to shareholders later this month - are likely to reveal that Foxtons earned between £5m and £7m between New Year and the end of June. If true, this will be a massive drop on Foxtons’ £13.1m earnings delivered in the first half of 2016. https://www.estateagenttoday.co.uk/breaking-news/2017/7/foxtons-to-face-tough-second-half-of-2017-says-city-analyst
  17. So much happening in London. Anecdotal: friend trying to sell a flat in a high rise block, not identified as a firetrap but still had zero viewings post Grenfell. Price is a bit daft too but he said someone in same block did get offers at start of year in a similar price range. Give it six months and we might get some data on flat sales pre/post Grenfell. Will be amazed if its anything but carnage.
  18. I still shudder when I see current asking prices in London suburbs. An easy 40-50% plus in 4-5 years. Difficult to swallow. Let's hope we get one mighty huge nominal crash and everyone STFU once and for all. This country needs at least a decade or two where conversations turn to anything but house prices.
  19. Is this back on? Didn't catch it on R4 just picked it up on Twitter. Might be worthwhile hunting down the R4 segment.
  20. Life really is stranger than fiction. Look at the symbolism of Grenfell. Unbelievable. Richest borough in London and its standing there like a burnt out testimony to the complete disaster that is uk housing policy. No-one on here or anywhere else could have conceived it. Friends up North can't believe that everyone in Kensington is not mega loaded. An eye opener for many on how crap London wages really are and the level of poverty. HPI makes a pauper of every worker in this 'great' city apart from the property lucky. It's good that social housing is getting so much focus but spare a thought for private renters too, please.
  21. I've been calling it wrong for many years now. The madness is beyond me but but why would anyone buy a flat now until this mess has cleared up? Especially in London, or anywhere else for that matter. It's not just the cladding but lack of sprinklers, crap design etc etc. If this sector slows down then surely has to affect the next step and beyond.
  22. House sales have fallen by nearly a third in some parts of UK, says Lloyds Housing market activity now substantially below level before financial crash thanks to high prices and stamp duty, research finds https://www.theguardian.com/business/2017/jun/21/house-sales-uk-lloyds-housing-market-crash
  23. Timely reminder from Pryor. Price it what you will but the sell rate isn't exactly fantastic.
  24. Miles Shipside, director of Rightmove, said: “It now seems certain that we will have continuing political uncertainty, which the housing market traditionally dislikes, and with the first fall in June prices for eight years there is no doubt that the lack of stability is a factor. Where is Shipsides evidence that its linked to the election? Or is he just linking general political/economic uncertainty? Do these guys even look at the prices and think OMFG!! This is from nationwide a few weeks ago. Robert Gardner, says: “If history is any guide, the slowdown is unlikely to be linked to election-related uncertainty. Housing market trends have not traditionally been impacted around the time of general elections. “Rightly or wrongly, for most homebuyers, elections are not foremost in their mind while buying or selling their home.”
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