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House Price Crash Forum


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About simon49

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  1. Ive checked the NS&I website, and whilst the interest rates are lower, they still guarantee 100% of your money is safe. Which is a good job as most of my savings are there.
  2. In York area house prices have quadrupled or even more in that time frame. They still seem to be rising unfortunately.
  3. Gazundering is used when you realise youve offered too much in the first place. Im all for it as it helps lower these ridiculous prices.
  4. That would actually work well. Far too much further education forced onto kids just to create low unemployment figures. As an employer it is really frustrating when we cant get staff because of this.
  5. It has the potential to be the big one, especially with a muddled brexit behind it.
  6. Instead of building more houses, there is an easier, quicker and cheaper way. Why not offer immigrants a fixed cash sum for vacating their house and returning, permanently to their home country. If you paid say £5000, that would be enough for them to buy a house in a lot of poorer countries. You cant build a house here for that ammount so it would be win win. There would have to be an end to freedom of movement first as the vacated house would just be let to other immigrants.
  7. Poundland going to go soon, some suppliers are taking ther goods back apparently, which isn't a good sign.
  8. Poundland wont be around for a lot longer, a good source tells me a lot of peoplecwont supply them now.
  9. I'm sure the stamp duty changes will give a sales to the sub £300,000 part of the market, but I wonder if it will have the opposite effect to houses priced at say £400,000, will it not drag the price down to the £300,000 level if things get desperate. Could the same thing not apply to a house priced at £600,000, dragging the price down to the £500,000 threshold. If the cheaper house have to compete with better properties heading downwards will they not head downwards too. Perhaps this could actually work in the opposite way to what was intended.
  10. Signed, the countrys credit rating has just gone down another notch according to the news. Perhaps that will put an end to HTB.
  11. The government loosening its grip on public sector pay, combined with the statement from the BOE has made investors think a rate rise, or series of them, is coming. I also believe it this time.
  12. The only way is down for agricultural land for the short term.
  13. Agricultural land has started to fall considerably, from a peak of up to £10,000, to about 7 or £8,000 per acre. It has a lot more falling to do in my opinion. I paid over the odds in 1997 for a parcel of land at £4,000 per acre. I think in the not too distant future it will fall down to £3,000 per acre or maybe below. Cheap credit has ramped up land values in the same way it has for housing.
  14. I don't think that raising the minimum wage will help, as it will only push housing/ rents even higher. If they reduced all wages then the bubble would deflate itself.
  15. -0.2% in a month is good, but it needs to go much faster, like about 10 times faster otherwise I will die from old age before I can afford a decent house.
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