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House Price Crash Forum

Drummer

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  1. Now that inflation has picked up and looks set to continue, there is the opportunity for a crash in real terms. i.e. nominal houses prices stay well below the inflation of other asset prices and wages. Politically this is far more palatable our masters, as people tend to view the house as worth £x rather than a multiple of salary. Maybe the time is now.
  2. I recommend HPCers to watch the tour videos on youtube. Part 1 & 2. It's "Producer Michael". The videos are set up to be earth shattering journalism on a spectacular property but ends up being an accidental parody on everything that's wrong with Los Angeles culture.
  3. I was looking at this earlier today. BoE base rate history Base rate moved from 5.5% to 0.5% inside 16 months. Rapid movement, almost unbelievable really. Particularly in the context that the next 13 years it has remained at 0.XX%!
  4. Will be nudged up by 0.25% to the heady heights of 0.5%
  5. It's near to the Hampstead area of London which is of course very well sought after. The bed is in an "interesting" location. I do look at Londoners and think how crazy they are paying these prices but at the same time I totally understand the pull of staying near friends & family etc.
  6. Just had a nosey at this. All the mortgages this relates to with a mortgage term over 25 years has an interest rate of at least 3.5%. Product fees are over £2k, unless you fix for 10+ years. We need a new Northern Rock don't we?
  7. I would definitely consider retiring out there. I think the cost of living in the USA is much cheaper; however, the lack of NHS means the cost of dying is far more.
  8. On the flip side, longevity is up so just work for longer.
  9. The low volume will hit them but their income is somewhat diversified as many EAs make their dough through lettings fees these days.
  10. Am I reading this wrong or is this "fall" just us reverting to the mean for the period 2014-19? Nothing to see.....yet
  11. Im renting privately off the bank for the next 29 years, then i'm a free man
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