Mancghirl

They'll 'lend me' 122k to 144k. This is a smidgeon more than 3.5 x my salary. Bluddy hell. I shudder to think what the repayments on 144k would be. This type of irresponsible rubbish is the reason why we are in this precarious economic position at present.

The HBOS quarterly report for my area has reassured me no end...."Moss Side is still affordable".....halleluiah...thank you Uncle Gordon. Five years at University, earning 30k and my options at 3 to 3.5 my salary are....Gorton and Moss Side.

You misunderstand. In the sixties and seventies, Manchester and Liverpool council built overspill towns in other areas solely to house council tenants. I work in such a town. You wouldn't want to live there, pay 130k for a house there or park your car there. Winsford is grim. Trust me. Alternatively, pay 130k for a house there and then drop us a line in 6 months or so and let us know how you are enjoying 'leafy Cheshire'.

Let's not be entirely negative, Rachman. The HBOS quarterly report has reassured me....."Moss Side is still affordable".....halleluiah...thank you Uncle Gordon. Five years at University, earning 30k and my options at 3 to 3.5 my salary are....Gorton and Moss Side.

Tentpeg- Winsford is basically an 'overspill' town with large council stock built by Manchester/Liverpool City Council in order to house excess population. I wouldn't be forming an orderly queue to live there.

There was that article in the Guardian last Saturday about living in a Yurt. They are only 2 grand........

Quite 130k round my way will buy you one bed in Hulme bulldozed council estate regeneration area. Further out maybe a semi that needed work in Oldham/Rochdale. 2 bed terrace somewhere nice like Ramsbottom. :angry:

hehehehe..... bravo. I'm itching to see this detached house for 130k....I think I'll buy it meself

If you think you can buy a deatched house in a nice bit of Cheshire for 130k, you are kidding yourself. Terraces in Stockport are priced at 130k these days. Where do you think these houses are??? The North has suffered HPI just like everywhere else. Please be realistic.

If oversupply of new housing is the precursor for a crash, then who oh why did Phil & Kirsty put Manchester at number 10 on their list of best places to invest?????????? Oh, that's right, because they're talking out of their @rses.

*applauds original poster* A good find, I warrant there will be many more of these in the months to come. The site is still under construction - it is a new build next to Victoria station (not generally a hot spot for new build flats). Most of the unbuilt stock remains unsold. For those unfamiliar with the Manchester area, it has a lovely view of Strangeways prison and the late lamented Boddingtons brewery. Its on the junction of the Ring Road (so the moniker 'green quarter' is laughable). The only grass you'll be seeing there is the stuff you should be able to purchase from the dealers on Cheetham Hill Road - aka Stabsville - and luckily that is the exact location of the development!!!! Hurrah. 187k to live in Cheetham Hill......jesus.....you'll need to turn the telly up to drown out the sound of the drive by shootings. Still, its very handy for the tram.

I've posted before about the laughable state of the market in my part of the world (NE Manchester), where a back to back terrace that 3 years ago could be had for 20k is now 100k. I was having a bit of a gloomy period this weekend, considering the state of the economy, the likelihood of me ever seeing the pension I'm paying into and the probability that I may never buy a house, let alone be in a position to start a family. I began to research my options for emigration.... But then! I popped round to my mum's for a cup of tea and read the sheer garbage that is the property section of the Rochdale Observer. It was full of lovely articles along the lines of 'Hey! The spring bounce is here, kids' including a lovely full pager about how house prices in the area are rising on the back of City of London bonuses (oh YEAH, they are all rushing to snap up those ex-council houses on the Kirkholt estate). These very truthful and well researched (cough) articles were somewhat at odds with the adverts where the same old stuff that's been hanging about for well over a year is now at a 'new price'. Those marvellous 200k 1 bed executive flats are now down to 175k (no takers then? how strange). The back of the paper was full of 'stop repossession now!' ads. The only house I know of which sold recently was a deceased neighbours 4 bed Victorian terrace. Put on at 60k, sold for 68k. Nice house, needs work but decently priced. Meanwhile the new build across the road (3 beds, probably about 50 sq metres living space) are on for 118k....still not sold....what a puzzle. The end is nigh, at least round here.........I'm still thinking of emigrating though.

I've been itching to get on here since I watched this last night. When will people WAKE UP. The emperor has no clothes/chubby posh bird has no braincells. 140k over guide? Who didn't see that coming? The vendor must have though it was Christmas. P & K hyped them into offering WAY too much then feigned shock when it transpired that they had done so. FFS. These people are charlatans and must be executed for crimes against the economy.

Its just another garbage attempt to paper over the cracks in several areas. Houses ten times your salary?never mind Uncle Gordon will lend you a bit of cash...see, look how affordable they are now. Due to massive shortages of secondary teachers in London, its a golden handcuffs deal so if you get sick of being spat on, punched and sworn at by teenagers and want out......you lose your house. God bless 'im.......

heh heh. no offence taken. It would indeed be instant karma if the buyer pulled out at the last minute *crosses fingers*.

I would LMAO if someone did that..........

Oh I really hope that's true..........

Yep. And also vast increases in litigation for misdescription, I would think.

Stoke-on-Trent is our pick for bottom-fishing property investors. This has been a run-down location for many years but is showing signs of a turnaround along the canalside. The first apartments and offices to be built as part of the canalside development in Stoke-on-Trent are to go on sale from summer 2006. City Waterside is the latest project by Renew North Staffordshire, the Quango responsible for overseeing the area's £2.3bn housing-market renewal programme. The development will see the creation of 1,500 homes on a 123-acre site to the south of Hanley city centre. This is a 10-year project which will see the Caldon Canal transform into an in-demand area. The land is half a mile from the city centre and is tipped to match the growth of any waterside developments in the country. Now is the time to visit. Invest in off-plan at an early stage. --------------------------------------------------- I used to live in Stoke on Trent. Trust me, it is NEVER a good time to buy there. All the locals have seen what remained of the manufacturing industry exported overseas in the last 2 years. Local wages average 10-12k p.a. Massive unemployment. Houses used to change hands for 5k or less. Prices ramped by rampant BTL. BTLers discovered the only people looking to rent are Asylum seekers resettled by government (and there's only about 1,000 of them). Students all catered for by University accomodation. Locals thoroughly p*ssed off. Hundreds of empty properties. Government decides to demolish them (aaah...Pathfinder) and replace them with new builds no-one will be able to afford. Yes, roll up, its a GREAT time to invest in Stoke on Trent.

Just thought I'd remind everybody - - Property developer Gary McCausland follows the progress of two pairs of friends trying to make money from buying and selling property. Tonight best friends Jem and Dave travel to Dubai to chance their luck in the property market there. And in Liverpool, Amanda and Tracey make the mistake of trying to cut corners by doing all the work on their third property themselves - and it drives Tracey crazy! With hilarious consequences, no doubt... 'Fiiiiiiiiiiiiiiirst time buyers, pleeeeese buy me 'ouse!'

The point is that the Industrial Revolution and the movement from a predominantly rural society to an urban one caused the population to grow massively. Thus the infrastructure of the country was built. However, population numbers are now in decline in this country and across Western Europe. This therefore means that taxation revenue will decline. Its not rocket science.

Quite. Social implications of prolonged HPI are huge. Consider the amount of people putting off marriage/children because they can't afford to buy and there is no social housing. These future citizens are the intended taxpayers who will fund the NHS/Pensions of the boomers. What happens if they never get born in the first place? Meanwhile, those who do come into the world are saddled with debt to pay for their education. Doesn't look too rosy, does it?

Quite. Maybe the Specials will make a comeback.

The 80s are forever portrayed as the decade of excess and greed. Braying, bow tied yuppies quaffing champers in wine bars. Spending their bonuses on 911s etc etc. Surely the Noughties to date is the revival of 80s type consumerist greed. Instead of the City types, we now have smug boomers, BTLing to rob their children of any hope of affordable housing, MEWing to buy a Jag, attempting to flog their overpriced average suburban home for 10 times what they paid for it (its a 'fair price') in order that they can have a second home on the Continent and consequently push up prices for local families there. But now, but now....... Much like the 80s, the dream is turning sour. Can't sell up, can't let the 'investment property', MEWed up to their eyeballs. Economic indicators looking shaky, unemployment up. In my home town, everywhere I look, empty properties. Retailers stuggling, constant 'sales'. The best example of this is a shop on Deansgate in central Manchester. A classic 80s style 'show off' shop. It sells 'items related to wine' - not wine (how common) but £100 corkscrews, £1000 chillers etc. I have never seen a single person in this shop. I drive past it twice a day. The owner is either money laundering (unsuccessfully) or is a complete moron. Remind me, what happened after that 80s 'economic miracle'? Surely, things are different this time???????????

Well quite. Pompous boomers saying 'well in the 70s we had to make huuuuge sacrifices'. Yes, but even then you could stretch to afford a 3 bed semi. If houses in Moss Side are more than 4 x my salary, I ain't going to be stretching to live there. Yes a mere 80k and a crack den next door.....mmm lovely. I work hard, I deserve to live in a place (however small) in a SAFE area. The only places I can afford are in parts of Manchester where people drain their petrol tanks every night to stop their cars being TWOCed or I can drift off to sleep to the sound of a distant drive-by shooting.