Jump to content
House Price Crash Forum


  • Content Count

  • Joined

  • Last visited

About ftb_fml

  • Rank
    HPC Regular

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. I've noticed the same too; Waitrose - completely out of eggs while the small shop 200yd down the road still had stock. I think it's a sad indictment of people's solidified mindsets that even when they're panicking over running out of food, they don't even bother to check / patronise the smaller shops
  2. Apparently, although I guess that might just stop the eventual eviction rather than viewings etc preceding it. Were I that tenant I'd ensure I had a few coughing fits just within earshot of my new guests...
  3. Nice - Foxtons living right up (down) to expectations. Some nice PR to bolster their share price; which has fallen by around 65% in just under a month..
  4. Indeed - it's such a beautiful contrast between the greater-than-usual foaming-at-the-mouth VI "optimism" of their thinly-veiled marketing tool and the grim reality of what's unfolding around the country / what the market likely has in store over the coming months..
  5. Wow - FTSE down a further 6.5% already today; having lost nearly 30% in less than a month. I can't see the panic stopping any time soon either since the virus has a long way to run yet..
  6. Hopefully; although as usual I suspect what will really happen is anyone's guess as the market seems incredibly, stubbornly resileant in the face of the ever-growing myriad reasons why it deserves to crater..
  7. "Buyer boom sets scene for new price records this spring" - +0.8% MoM. A sickeningly "optimistic" piece stating rocketing new buyer interest and growth in sales as a prelude to the spring bounce; I guess driven by the "pent up buyer demand" they suggest and mis-placed Brexit-decision-driven sentiment piled on top of the usual growth in activity that's anticipated this year. While none of this bodes well in itself, I love their disgustingly chirpy optimism against the background of the unfolding global pandemic of unprecidented proportion in living memory - who in their right mind is going to consider buying a house now when most are second-guessing every requirement to go outside / engage with others..? Personally I think that while CV will most likely kill housing turnover dead in its tracks until its passed through our population (a process slated to take anything up to 12 months according to the Gov. document found by the Guardian); at which point I expect the economy to have been decimated with a corresponding effect on house prices (props not withstanding). This and Brexit appear to be the perfect storm for finally kicking the stool out from beneath our zombie economy; although I doubt RM asking price data will really reflect any change for a good few months as I suspect most sellers will either pull their properties and leave them on at their original asking, while those considering selling will hold off until it's all over. It'll be interesting to see what sickly saccharine agenda-driven bullsh*t they manange to pull out of the bag next month when the virus really has the country in a stranglehold..
  8. Thanks - again though I think a lot of that is down to volatility and it'll probably be nearly cancelled out by an up-swing next month / the one after etc. Might hopefully affect sentiment though That said, thanks to the Land Registry's new widget we can see the trends plotted over the past years; it's noisy but you can make out a trend of annual growth falling from an eye-watering 13.8% in Jan 2015 to -3.8% in Jan 2018; a fall of 17.6 percentage points over three years. Round this down to make a linear trend line fit better and you're looking at a downward trend in "growth" of around 5 percentage points per year. Sadly it looks like this trend has slowed a bit since; with an imaginary trend line from Jan 2018 to Jan 2020 suggesting that this annual decline has fallen to maybe 1.5% per year. It's certainly going down, but at this rate nowhere near fast enough to make it worth holding out for a purchase.. hopefully the post-brexit environment will provide a suitable black swan to precipitate a more rapid decline.
  9. I'm not sure if other HPC'ers are aware of this tool; it's apparently new and seems very handy for viewing trends in LR data: https://landregistry.data.gov.uk/app/ukhpi Essentially it allows you to construct graphs using all of the metrics covered by the LR data (such as property type, region, buyer type etc) and appears a pretty powerful facility for assessing trends over a user-defined period. Possibly not the first site to do this with LR data, but potentially still a useful tool
  10. Heartening on the face of it but certainly with Oxford, while there is a prevailing slight downward trend the small sample size gives a lot of variation in sold prices month to month, with a circa 3-4% swing in either direction about the mean generally. It seems that for the past 3-4yrs prices have been largely static with a slight overall decline and a lot of noise. Being of little practical interest to me I've paid little attention to the top end so couldn't comment on this; however at the "low" end flats have certainly seen a bit of a pasting - anecdotally I reckon down 20-25% from their 2016 peak although this isn't reflected in the LR data.. perhaps because I'm only looking at the entry level and prices of flats are being maintained overall by stuff higher up the price range..? Was that the one in the Oxford Mail? If so I took the bait but was relieved to find that it was a comment regarding the past 10yrs or so (which of course we all know about); probably a VI propaganda piece to try and combat the far more recent stalls in the market. Equally the OM published another piece more recently based on Zoopla / Hometrack data that suggested a decline; but again really this was only based on the volatility of figures mentioned above, so other than a possible sentiment-driver was more noise than news. All this LR data is certainly promising (if painfully slow) although my concern now is that we might see a short-term sentiment-driven "Brexit bounce" since the election has signalled that we're closer to a resolution, even if that resolution might ultimately cause a significant decline in house prices..
  11. Which on both counts brings us once more to the power and influence of the media....
  12. To be fair according to their source material Oxford's average price fluctuates between about £400k and £425k (thanks to the volatility of the small sample size I'd guess), so sadly it's old / non-news..
  13. Good stuff - by far your most welcome contribution to this thread IMO EDIT: Sorry I fed the troll, should have known better than to have taken him on his word. Perhaps if we all learn from my mistake we can get that thread back on topic...
  14. This. They sound unreasonable, greedy and self-entitled.. obviously I don't know the specifics but given the market in my area and the general consensus that new builds are always over-priced (and even moreso thanks to HTB) I'd have considered 85-90% of what they paid to be a more realistic starting point from your perspective; especially since it's potentially a "distressed" sale. From what you've said IMO any pursuit of this property would be flogging the proverbial dead horse and that these "individuals" would be best left to tear each other to pieces in a house they "can't" (won't) sell.
  15. Tbh I struggle to see how anyone can retain their sanity while browsing the net without an ad-blocker.. on the odd occasion mine goes down I'm shocked by the slew of distracting rubbish thrust through my eye sockets from the sites I frequent
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.