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The Colour

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Posts posted by The Colour

  1. Many ordinary people bought into housing ponzy while it was being so ramped. The landlords in question are ordinary civil servants on ordinary wages. Their second mortgages were paid with housing benefit. However, housing benefit is now being cut back and they still have not one but two mortgages to pay.

    A recipe for repossessions coming your way...soon!

    Man, every time I come to HPC I leave feeling outraged.

  2. Hi Kyoto

    If you're looking for a neat way to scrape the sources you mentioned (gumtree, rightmov, etc), have a look at yahoo pipes.

    There's a great article about creating csv feeds from dynamic content via a combination of google spreadsheets and yahoo pipes.

    http://ouseful.wordpress.com/2008/10/14/data-scraping-wikipedia-with-google-spreadsheets/

    I have been using this to pull down sports stats from american sports websites.

    Good luck - let me know when you are doing the London one. I can leave feedback on two new builds I have lived in.

  3. http://www.independent.co.uk/news/business/news/homeowners-set-to-sue-banks-over-low-interest-loans-1798681.html

    Thousands of holders of controversial shared appreciation mortgages (SAMs) have been told they can club together to take on the banks that sold them in court in a US-style class action.

    The schemes saw Barclays and Bank of Scotland offering low – or zero – interest loans on homes while taking up to 75 per cent of the increase in value of those homes when the mortgages were repaid. They were hugely popular when sold in 1997 and 1998 before the property boom got under way. Now, however, those who took them out often find themselves trapped in their homes and unable to move.

    For example, a homeowner who borrowed £25,000 at a zero rate of interest on a house worth £100,000 then would have to pay back £175,000 on redemption if the home was worth £300,000 today. That is made up of the original £25,000 plus £150,000, 75 per cent of the £200,000 increase in value.

  4. If it finishes in the red today it will be the first time it's had four consecutive down day's since April. Seems like most of the bad data effecting it is comming from the US, but how much does October Curse effect it/investor nerves?

    I for one have a bad feeling about today.

  5. The December House Price Index (HPI) will be published at

    www.landregistry.gov.uk at 11:00 hours on 29th January 2009.

    The HPI is produced using the Repeat Sales Regression (RSR)

    method. Under the RSR method, house price growth is measured

    by observing houses which have been sold more than once. By

    using repeat transactions, differences in the quality of homes

    comprised in any monthly sample are greatly reduced – thereby

    ensuring an ‘apples to apples’ comparison. The HPI uses Land

    Registry's own price paid dataset. This is a record of all

    residential property transactions made in England and Wales

    since January 1995. At present it contains details on fifteen

    million sales. Of these, approximately five million are identifiable

    matched pairs, providing the basis for the repeat-sales regression

    analysis used to compile the index.

    The standardised average house prices presented by Land

    Registry are calculated by taking the geometric mean price in

    April 2000 and moving this in accordance with index changes

    both back to 1995 and forward to the present day. Classical

    seasonal decomposition (Census Method 1) is used to isolate the

    effects of seasonal trends in volume and index analysis.

    Monthly and annual percentage changes displayed for counties,

    unitary authorities, metropolitan district councils and London

    boroughs represent rolling four-monthly averages of the price

    changes over one month and 12 months respectively. All price

    changes represent seasonally adjusted movements. Historical

    data published as part of the HPI is revised each month as

    missing and new data becomes available.

  6. My uncle from Canada sent me this quote, how very true it seems to be.

    I'am a bit of a quote fan actually, anyone else got any good ones?

    'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.'

    Thomas Jefferson 1802

    Your uncle was Thomas Jeffereson? How old are you exactly?

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