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Guest_ringledman_*

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About Guest_ringledman_*

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  1. Guest_ringledman_*

    Reasonable Service Charge ?

    Read the management accounts. Is there cash in the bank? Was the overall income coming in from the flats higher than the expenditure? The balance sheet of the management account is critical for buying a flat. If there is a deficit. Avoid.
  2. Guest_ringledman_*

    Supergroup - Superdry

    My 2 golden rules for stocks - 1) Never buy IPOs. Most IPOs are a complete joke where the owners want to sell out the investment crowd who then sell on to the unsuspecting public. IPOs on average offer a poor return unless you get the lucky one in ten. 2) Never buy growth stocks on high P/E multiples in the 'hope' of higher earnings. You are one profit warning away from a collapse. Boring value is the only way.
  3. Guest_ringledman_*

    South Manchester Prices

    Hi Nomadd. I take your point. I am just shocked at the level of asking prices in comparison to historical data for the street. In the bracket I am looking at £200k-£280k property sells fairly quickly. So on the basis of your research how much less than asking is property actually going for? Cheers.
  4. Guest_ringledman_*

    South Manchester Prices

    Been looking around South Manchester. Mostly Bramhall and Wilmslow. Prices seem to be priced way above the average selling price of 2007-2010. Anyone seem a similar pattern? Am shocked thaty some properties around the £240k mark have no similar priced sales on the street with the maximm sale price the last 4 years only £190k or so. Anyone see a similar pattern? Have the South Manchester suburbs followed London is staying around the 2007 peak? Seems like a bubble to me. The market seems busy so how close to asking price are properties now going for?
  5. Guest_ringledman_*

    Sales Are Going To Go Up A Lot This Year

    I'm sceptical of the property industry at the best of times but this isn't the impression I have gleeneed over the last couple of months. I think a loose monetary and fiscal policy in the UK is feeding through into nominal price stabilisation.
  6. Guest_ringledman_*

    Sales Are Going To Go Up A Lot This Year

    They are too busy to come around and give me a selling price and get my custom. I was amazed to hear this! Been looking to buy or at least see what's on offer around the Altrincham/Wilmslow/Cheadle/Bramhall areas. Everything is priced near or above the sale prices of the last few years. Many are still asking for above the sale prices of 2007-2009. Some are blatantly throwing them on way above. I was shocked to tell the least. Perhaps it's the January bounce but my expectation of throwing in 15%-20% below asking price and getting interested sellers is unlikely!
  7. Been house hunting for the first time in 8 years. Time to move on from the first time home. From what I have seen so far since December the market is busy, seriously busy. Had an agent who cancelled a viewing on my place as they said they are too busy to turn up on Saturday. Rang HSBC mortgages and they have an operator who says we are so busy we need to call you back. They returned the call 3days later. One estate agent said they are making countless sales. All this in public sector hit Manchester. Am tentitively looking to move up. Still see property as significantly overvalued so will probably 'rent to rent' for a year or two. With negative interest rates and a currency being destroyed I believe that the brunt of the nominal falls and low sales is over. Well at least for a couple of years. Home owners just don't seem compelled to sell as things are much to ones annoyance. I just don't see the USA, Spanish or Irish 50% wipeoff coming any time soon.
  8. Guest_ringledman_*

    Recent Average Nominal House Price Graph

    Didn't realise the nominal average price historical data is there. May graph it out one day. So we are basically down 9.5% nominally and 20.7% in real terms from the peak using the data there. I would say prices in the northwest are probably 15%-20% down nominally on average from what I can see.
  9. As the title. Anyone got a link to the UK average nominal property price graph?
  10. Guest_ringledman_*

    Sale

    Thanks for all the info. Am widening my search area. Convinced the misses to head further south into Cheshire. Am sick of living in chavsville city centre, or just off it. So perhaps, Bramhall, Wilmslow, Cheadle, Hale, Altrincham, etc. Just depends what one can get for the budget. Which parts of Cheadle and Cheadle Hulme are decent and which are to be avoided? What is it like as a place to live? Likewise what about Bramhall as an area? Seems to be a few links on the web about it being full of Chavs (all back in 2005). Didn't get that impression from the first visit. Also what is Handforth like? I personlly just want the quietest place possible, work in Warrington so South Manchester suburbs suit me fine. Misses wants to be close to shops, dance classes, etc. Had a look around Wilmslow and some decentish place around the £260-£270 mark but generally a bit smaller 2/3 bed terraces rather than the larger 3 bed semis of Sale. How much would we say nominal prices are down from the peak in South Manchester suburbs? 15% or so? An agent I spoke to said that the £250k-£300k 3 bed bracket is the most competitive for buyers so prices generally sell close to the asking price.
  11. Guest_ringledman_*

    Sale

    Thanks to you all for the great advice. much appreciated. Basically been in Manchester around the city centre / victoria park / fallowfield for 7 years. Thought of buying in Chorlton / Didsbury but to be honest still see them as a bit scally. Also hear from a colleague that Chorlton is rife with burgalries. Want to get out of the M60 madness to somewhere a bit quieter but still with close links to the city centre (hence Sale and the metro). Misses doesnt like driving too far and needs to get into Trafford for work fairly easily. Mid 30s, no kids yet but want to buy a house to last 10 years and expect kids to be in primary school over the next decade or so. So need to buy in an area for a good primary and perhaps secondary school. Budget - Approx £250k. Looking for a 3 bed victorian with something of a back garden. Not interested in a new-build. Currently looked around the block that Walton Road runs down (from Marsland Road to Park Road). Told this was a decent part. Am open to other suggestions. Cheers.
  12. Guest_ringledman_*

    Sale

    Suburbia sounds alright. Decent links to the city and motorways. Give me the equally priced alternatives then redknight.
  13. Guest_ringledman_*

    Sale

    Sale? Looking at 3 beds. Thoughts on the area?
  14. Guest_ringledman_*

    Keeping House Deposit In Cash

    Keeping hold of the house deposit. Best strategy? All in sterling? Assume that property will fall quicker than the value of the deposit? Assume that a 5% fall in property is a greater loss than say a 5% inflation rate on a 20% LTV deposit? Or what asset split for the deposit? Part Corporate Bonds / Equities / Gold? Thoughts? What are you doing?
  15. Any HPCers still expecting a quick nominal crash to materialise a la Spain, Ireland, USA? I can't see anything but a long drawn out affair (3-7 years). Perhaps longer to truely crash with a good majority knocked off in real terms rather than nominally.
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