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House Price Crash Forum

WesBirbeck

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About WesBirbeck

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  1. 2012 gross median earnings full time £506 per week 2002 £390 an increase of about 30% So wage inflation is roughly the same as retail inflation so the point stands - prices in 2012 are effectively the same as 2002 in real terms.
  2. I agree that there are a lot of people holding out for high prices - however I have seen a lot of properties (and bought one myself recently) which have been massively discounted ie 25%+ (on 2010 - 2011 advertised prices)
  3. Hi, I was doing a bit of analysis to find out what has happened to house prices in the last 10 years and amazingly they seem to be in exactly the same place - zero real growth in 10 years. So effectively based purely on price we are back to where we were in 2002 - except with a tougher mortage lending but cheaper interest rates. Here's how I calculated it: How have prices increased since 2002: Got to http://houseprices.landregistry.gov.uk/price-calculator and put in 100,000 for the original price, and then put in the dates from: Dec 2002 TO Oct 2012. Select England and Wales as the locati
  4. Yes over on the church side - not sure about the shop with bunting - I think a lot of those shops have gone and been replaced in the last year. I think there is definitely a different vibe depending on which side of the bridge your on - infant each side of the bride used to be separate towns. Wind swept in winter I don't mind at all - I would probably take that over the crowds in summer.
  5. I have to disagree - in a lot of areas people are desperate to sell and slashing large amounts from their asking prices. I have just bought a property at 35% below asking price - and even at the asking price I would have considered the property good value and well below its 2007 value. 50% - that is what i call a decent crash! Just because everyone is not doing this doesn't mean that there are not sellers who are well prepared to heavily discount. The property that is shifting the the heavily discounted - the rest is either just sitting up for sale or taken off the market.
  6. Hi, I thought I would start a thread for Weymouth given its raising of its profile during the Olympics and the recent article from the Dorset Echo about how this has led to a bump in house prices: http://www.dorsetecho.co.uk/news/localnews/10028596.Olympic_house_boom_hits_Weymouth_and_Portland_as_property_prices_rise/ I've recently decided to leave the London rat race and chose Weymouth as my destination. I first visited Weymouth about 2 years ago and fell in love with the idea of a move down there. I'd looked at quite a few possible destinations along the south cost, and Weymouth was my to
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