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House Price Crash Forum

Londoner

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  1. False, low offers designed to scare the vendor were mentioned, too. The company is clearly inspired by Foxtons.
  2. The top link is to this Times article: http://business.timesonline.co.uk/tol/busi...ticle742813.ece This article is from MARCH 2006 Look and learn: This is how fear and paranoia spreads through the internet.
  3. What's that all about? Sounds as intangible her business 'advice'! I really hope this was a genuine gift and not some stunt.
  4. I don't know if any of you saw this but on the first episode of CH4's Secret Millionaire, the wealthy woman in question (Gill Fielding - someone who made her fortune doing those how-get-rich seminars) apparently dished out a couple of 80K deposits on some 500K flats as gifts to people she thought were in financial need. I missed the end so I don't know the full details, but you read a discussion about it here: http://digitalspy.co.uk/forums/showthread.php?t=689881 Did anyone catch the show?
  5. April 2008... that's just under 6 months, half a year from now. I don't know about anyone else but when I see predictions like this, I think April 2008 is going to come and go and this user will have quietly slipped away long before, and this post long forgotten. Prices have supposedly been 'unsustainable' for about 4 years now. Why are all the predictions of a crash months and months in the future? Why does no-one ever predict a crash in, say, three weeks time? Perhaps because people might actually remember their prediction and call them up on it when it fails to materialize? Perhaps because predicting something will happen in 6 months time is 'just long enough' to allow the person to disappear into the ether of cyberspace when/if it starts to become clear that they were wrong? Just long enough for their own prediction to be forgotten by all, only to be revived in the event that they were right? Don't get me wrong, I'm not saying a crash cannot happen in April 2008, but I think people are only really going to sit up and pay attention when someone puts their neck on the line and says "This is it. The crash will start *over the next 2 months*. Here it comes. Watch." or words to that effect.
  6. No that's wrong - IIRC House 2 in Stanmore (?)had valuations of 680K, 700K and 725K which, if they were to sell, would have made them a handsome profit despite some truly ridiculous design touches esp. the garage that you can't park a car in. The people who came round viewing it seemed to love it, surprisingly.
  7. Does anyone who saw tonight's show know what happened with the 2 houses? One allegedly had a condition offer (subsidence issues) whilst the other had high EA valuations but had some 'quirks' (e.g. a garage too small to park a car in).
  8. I expect your average, naive developer who takes a bath on a bad deal is relatively young and therefore is in a position to 'start all over again'. This is in contrast to your typical 'STR who gets it wrong'. They tend to be in late middle age and therefore in a worse position. Furthermore the social stigma, humiliation, whatever you want to call it would be far worse for a STR who gets it wrong than for someone who messes up a property development, as in people's eyes he 'gave it a his best shot' etc etc (rightly or wrongly).
  9. I didn't realise that when the press reports about banks 'needing cash', that this is directly linked to cash machines not working properly! Now I know. Thanks HPC.co.uk!
  10. Let's conveniently forget the fact that when people sell their house, they tend to want to buy another one as well, shall we? Yes, let's.
  11. Yeah, you missed one point which is that all housing that is NOT built on flood plains/flood risk zones will skyrocket in price now.
  12. The reason why estate agents are usually empty is because buying a house these days doesn't involve physically going into an estate agent's office. You search online, you phone up the agent, you go and view, you email and - should you choose to - the buying process is done via solicitors. Do you seriously expect to see people waiting patiently in an estate agent's office so they can enquire about properties? Those days are gone. Office closed on a Saturday? Perhaps because fewer of them work at the weekends and those in the office are all out attending viewings (which is what estate agents tend to do). As an indicaor of 'The Impending Crash' it's pretty useless.
  13. I have an even better idea that would actually lower real sale prices: People on this forum who are selling their homes should accept offers around 20-30% below current market price. That would soon instigate a crash. Any takers?
  14. This is what they're queuing for http://www.glasgow.gov.uk/en/Residents/Env...er%20Riverfront Mad!
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