janch
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Everything posted by janch
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Hilarious article! Looks like OHP was designed to deliberately confuse and obfuscate the hoi polloi and they've succeeded. Typical behaviour of those wanting to "hide" their assets. I suppose that's how they got rich in the first place.
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Big Payday For Hpc Favourite Phil Spencer
janch replied to juvenal's topic in House prices and the economy
This must be the ultimate indicator for the top of the market -
I can think of 2 other bad effects of low interest rates off the top of my head and I'm not an economist: 1) Malinvestment allied to malinvestment 2) Keeping zombies alive ie over-indebted companies/individuals/property owners(?) going when in a "normal" interest rate environment they would be dead and buried. (Maybe this is the new normal and there won't be any interest rises.)
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Mumsnet Hippy Boomer Urges Yuppie Couple To Buy In London!
janch replied to Bill D'arblay's topic in Anecdotals
"Prepare for this thread to be deluged with absolute whining nonsense from the wise old owls over on housepricecrash" HarpoBoy's comment Betty4321 is definitely on our side though -
Homeready: Fannie Mae's New Instant Underwater Mortgage
janch replied to zugzwang's topic in House prices and the economy
At least it's going to hit BTL ........no-one will want to rent -
Are The Shires Crashing ?
janch replied to TheCountOfNowhere's topic in House prices and the economy
King of S Just a thought about your stats. I notice a lot of properties in the SE especially are on twice with 2 different prices as they are often offered at "reduced price for over 60s". There seems to be a scheme which is essentially part rent/part buy in operation aimed at the older age group. I also noticed a few places (more than usual?) on with several agents so again multiple entries. I don't know if your methods allow for this or if you could tweak your program so you can increase the accuracy of your figures even more. Just a thought.....keep up the good work! -
Is Prime London Crashing? - Merged Threads
janch replied to Damik's topic in House prices and the economy
"I do not believe that the FOMC are keeping tabs on Mark, Ros and Connie in order to make the right decision about when, and in which direction, to move the policy rate" Bland this is hilarious. I wish they would in which case there will be a rate hike any day now -
Uk Population 'to Top 70 Million In 12 Years'
janch replied to cool_hand's topic in House prices and the economy
Apparently they have a history of getting it wrong. According to the radio yesterday, in the 30s they predicted a fall in population because there was a low birth rate at the time of the prediction. -
Vast Amount Of London Property Sold To Asians
janch replied to eric pebble's topic in House prices and the economy
The date on the video is Feb 2014 so that was then. Now it's on the turn especially in PCL (Prime Central London) so there will be some sharp drops and a lot of people are going to lose a lot of money (Shadenfreude ) -
Psst, An Ea Has Told Me The Secret To Eternal Wealth
janch replied to spyguy's topic in House prices and the economy
Agree. The first rule of investing is surely to spread your available resources over all asset classes so to put it all into property is a bit daft, leaving aside the fact that property shouldn't be an investment class for anyone with any morals. -
I've been following an area in Herts and can confirm the £500K minimum for a bog standard 3 bed semi. The prices have risen at quite a pace for the past several years (approx £350K in 2007 to £500K today). My theory is that people in London in the know are selling up while the going is good and moving out to within commuting distance hence pushing up prices in the smarter areas. This is the so-called ripple effect in action. However when the London bubble bursting picks up speed who's to say that ripple will also not spread outwards? I don't know what I'd do in your situation except hold on to my hat
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I can concur with this. Happened to me in 1994. I was hooked by the high valuation and the house sat on the agent's books for 4 months with no viewings. I lost faith in the agent and took it off the market and waited a few months before putting it on with another agent. I admit I was green and EAs use every trick in the book. Now we have HPC we can all learn.
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Are The Shires Crashing ?
janch replied to TheCountOfNowhere's topic in House prices and the economy
....."I find a house that breaks my tool........" sorry to hear that -
"A bit of extra cash in the pockets. The essentials are down in price" But what about housing??
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Desperate Attempts By Btl Investors To Refinance
janch replied to rubicon's topic in House prices and the economy
Probably the type of scheme which will end up with Tony Hetherington of Mail on Sunday as a tale of woe where someone has lost their life savings..... -
I would give notice by return of post....that'll learn him
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This is the bit I love ie there ain't nothing they can do
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Don't lose heart...I think we're on the cusp of a big turnaround. It's been building for much longer than I would have thought possible (at least from 2003) and I thought we'd got there in 2008 but no. Hang on in there....you're right about sentiment and that's why it's taking so long but when it goes it will be spectacular I should think. I don't think it'll only be property either. I reckon all asset classes will be toast.
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rubbish! There are plenty of homes......they're just not being used in the most efficient way.