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House Price Crash Forum


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About devslim

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  1. It is vastly overpriced. I bought a victorian 2 bed flat with parking just up the road from here for £150k in Dec 2009. Admittedly it needed work inside and out, but no way is there a 90k price difference. This is worth 200k max. Ocean are well known for overpricing.
  2. http://www.timesonline.co.uk/tol/money/pro...icle6237045.ece Unbelievable, sickening spin.
  3. If this were true why hasn't an IQ test been designed for those of an ethnic persuasion? And why do the Chinese score higher than WASPs on a test designed for WASPs?
  4. Can we stick the BBC and the IMF in there? http://news.bbc.co.uk/1/hi/business/7665515.stm
  5. Can someone explain to me in laymans terms what PFI is and why it's a con?
  6. This flat originally came onto the market at 110k August 2007.
  7. I've been tracking central Bristol for a few years. There is an total price meltdown underway at the moment. All the "cheaper" areas like Bedminster, Redfield, St George, Totterdown have seen 20-30% drops in asking price since Xmas and the houses are still not selling.
  8. Bradley Stoke, epicentre of the last crash!
  9. ...in the local free rag, which is basically EA junk mail with a few pointless local interest stories thrown in for good measure. One EA had a two page spread mainly featuring houses that they have "sold subject to contract". Alongside the initial asking price was the "agreed sale price", all of which were 15-20% lower than what they had been marketed at. I guess this has a two fold effect. It hi lights to potential sellers that they are not going to get a sale at the asking prices of last year and that they should market their property at a realistic price, and it encourages more sales as potential buyers realise they will get huge discounts if they put in low offers. Looks like the EA's are finally on the side of the buyer. I guess they don't want to lose all that lovely commission.
  10. Didn't they used to be called caravans?
  11. Fear not, house prices are still "soaring" in Bristol according to the local rag. Bristol Evening Post
  12. http://www.telegraph.co.uk/opinion/main.jh...1/16/do1602.xml
  13. I capitulated and had an offer accepted on a place in September a few days before the Northern Rock crisis began. It took 3 months to get to exchange. I pulled out the day before, but not before I'd gazundered them by 5k. Even then it didn't seem worth it. Similar houses in the same area are now on for 10k less than they were at the peak. I'm sure there must be many more cases like mine.
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