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ftb_fml

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  1. I was looking at these recently; two 60ish m^2 two-beds on for £280k each - think one's sold now. That's the cheapest I've seen them in this area; at peak I reckon they'd have been maybe £300-310k. Doesn't look like a bad area; a long way out but probably closer to the centre than BBL and far, far less crimey although the road noise isn't great. Tbh I think West Oxford offers some of the best value; broadly similar property prices to East Oxford which is more trendy but grotty with it.
  2. IMO it's plain to see he's being conveintly scapegoated as it ticks so many convenient boxes; depriving anyone in his party with any non-neo-con-******** conviction of a leader so aiding an unchallenged return to Tory-light, and being seen to address the dubious claims of anti-semitism in the party. As is the political standard the irony is sickening; considering Corbyn is probably the most sincere, transparant and fair politician you'll find in an environment otherwise crammed with spivs, freeloaders, deviants and psychopaths. All it really goes to show is how the current Labour party are just as viscious, morally-bankrupt and self-serving as the current incumbents. Utterly sickening but sadly not in the least bit surprising
  3. I had a quick google last night and apparently The Nottingham BS offer LISAs too. But yes, I thought similar in the absence of any suitable alternatives. The gov. would probably try to get get away with fobbing off FTBs by just returning their capital and pittance interest, then hopefully with enough pressure be persuaded to reimburse the additional 25% subsidy too. I can certainly see how a media campaign and sadfaces all round outside properites that had become out of reach could push the government to give a full refund. It would be an easy human interest story and a legit point that for those with minimal deposits losing 20% of what they thought they had could well mean the difference between being able to "afford" their first property and not. Hopefully it won't come to that though!
  4. When I spoke to them recently they were very helpful and up front about the terms of their LISA, including the temporary / current option of a no-loss withdrawl due to Covid. Presumably they're covered by the FSCS so if they go tits up LISA holders should get their money back; the assumption being that if you wanted to keep your bonus your reimbursed funds would have to be paid into a LISA from another provider..
  5. FWIW anecdotally rental prices seem to have come down a reasonable amount in Oxford. When we moved 3 and a bit years ago we left a one bed flat less than a mile out of town for which we'd been paying £850pcm, which we thought was a score as at the time there was little on the market for less than £900-950. We moved into a 2 bed house a bit further out that was vacant, advertised at £1150pcm and for the first year I haggled them down to £995. Over the interim 3yrs there were two annual increases of £25 and the last renewal the rent was left unchanged at £1050. Now we're leaving the house was put back on the market at the same £1050 (surprises me that they didn't take the opportunity to bang another £50 on tbh) and unlike a few years ago there also seem to be quite a few two-bed houses up for similar money. The floor price of flats now seems to have come down somewhat too, with much more about in the £800-900 bracket while there were very few before. I've even seen one large three-bed semi a bit further out for £1050. Realistically I reckon rents in this sector have fallen by maybe 10-15% in three years.
  6. Absolutely... I think you'd have to be severely deluded to think that we're going to see a net improvement in most areas for the forseeable; if ever. The only thing that gives me any hope is the prospect of financial collapse and the ability to spend my deflating fiat on a more realistically priced dwelling before it all turns to dust.
  7. Indeed; as the traditional hedge against economic degeneration it's hard to see it as a high-risk given the current global situation. My gut tells me that many people are going to have a miserable winter and emerge on the other side with a much more pessimistic outlook than is currently the case.
  8. Thanks for your thoughts. I'll probably look to buy this week as I'm definitely in it for the long game and in the context of the current / potential future economic situation I can't see it losing in the long term; like everyone else I just want to buy in at the bottom and there still seems to be a slight downward trend currently. Otherwise I'm certainly not knowledgeable or decisive enough to bother attempting to trade over a shorter scale. In any case I think the spreads and practicality (for me) of selling physical gold make short-term trading non-viable.
  9. What are peoples' thoughts on buying in now? From hitting a peak of around £1550/oz in August it seems to have settled into a range of around £1460-1480. £1450 has been my mental buy-point but it's always a little above this and of course my number is completely aribrary. What are considered to be the largest influences on price trends in the near future? The US Election, Covid and Brexit seem the obvious big ones. Personally I think the latter two (and potentially the first) are only going to cause more economic damage, inflation and demand for hedges to counter these... although is the uncertainty attached to these possibilities already priced in and likely to cause a devaluation of gold once the outcomes are better known, even if these outcomes aren't positive?
  10. Anecdotally I think flats are falling in Oxford too. Overall prices in the city have broadly flatlined since the Brexit vote outcome apparently arrested all growth in June 2016 (the mean fluctuating typically between around £400-415k, with a few outliers above and below). According to the land registry data it seems that this apparently static pricing conceals a small uptick (on average) in house prices and a slight downward trend in flat prices; with the latter peaking at around £281-291k average mostly between Aug 2016 to Nov 2017, while in June 2020 it hit its lowest value (£255k) since May 2015, with the most recent month (Jul) being £266k. Obviously there's a fair amount of noise in these data but peak to current that's a drop of £24k or about 8.5%, while from the same sample periods for all property types we have a peak of around £405-420k and a current value of £405k; so a drop of around £15k or about 3.5% peak to current. If I could be arsed some averaged monthly data might give a more relaible picture, but it certainly seems that the general trend in flat prices is down; if certainly not in proper crash territory yet. Also, on the annual percentage growth in July flats are the only property type that are showing a fall of 1.2%, while overall there's growth of 1.7%. Finally when looking at the in July 2020 indicies for each property type based on Jan 2015 prices, houses are all very similar with semis having seen the most growth with an index of 118.3 / 18.3% growth while flats are lowest at around 109.4 / 9.4% growth. I suspect this discrepency between property types is down flats previously being artifically over-valued thanks to the BTL boom and now falling thanks to the de-incetivisation of BTL; which will hopefully continue as the staggered withdrawal of S24 relief continues, with the next hit due in April. Since my circumstances have recently changed I've begun looking at flats again (as it's all I could hope to "afford" on my own ) and it seems that the amount of sub-£200k flats in the city is greater than when I last looked. I'm hoping continued pressure on BTL from legislative changes, plus potentially reduced demand due to the economic fallout from a harsh winter of Brexit truths and Corona misery will further batter prices; along with the (planned at least) cessation of the stamp duty holiday in March.
  11. 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
  12. 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...
  13. 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..
  14. 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..
  15. 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..
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