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Everything posted by Auntie

  1. Ah, now it all makes sense..... How and why it happened.....
  2. I have learned that some blokes on here are masters of the 'sweeping statement' I have also learned that 'hope deferred makes the heart sick'. And I think a lot of hearts are going to get a lot sicker now the BoE has decided to allow the madness to continue. I have learned that Government cares for nothing and no-one. Their only agenda is to retain control and stay in power. I have learned that 40,00 conker trees have died. Oh sorry, that's another forum.....
  3. It was not far from the Gt. Cambridge Road, not sure on the amount of beds, at least 3. Drop was due to desperation to get shot. Have to be subtle, she knows my view, keep schtum, not ask too many questions. They have just put their own flat back on sale, at a higher price. I heard the squabble with the EA as she pushed it up and he tried to push it down. She won. The flat
  4. Enfield Centre / North London. Four months ago, colleague at work 'sold' her two bed flat, £196k (bought 3.5 years ago £160k) Had an offer accepted on house in Herts. But nothing was happening with her sale or purchase. Okay, okay up to this point, same old, same old. My anecdotal is what has happened in the last three weeks. Throughout the whole period, the EA's never returned her calls, were off-hand, gave wrong information and frankly treated her like sh*t. Roughly three weeks ago this all changed. They call her at least three times a day, text her with possible properties 2-3 times a day, try to persuade her to 'sell to rent'! And now her flat sale has fallen through they call her, and her old man every day to say, 'when can we get it back on the market'? She is bemused by them, and highly irritated. One tiny piece in a strange and mystifying jigsaw as we wander, wounded and wan wherever the woeful markets take us. Ah yes, how could I have forgotten the most juicy bit! The agent called them Friday to inform them that house they had looked at two months ago, £320k, but rejected due to being two expensive, had been reduced by £30K.
  5. Reading this and observing who seems to be affected by the sub-prime catastrophe, karinUS has a valid point. A tragedy, a travesty. A sobering story.
  6. What a very clever girly you are!! Ooooh I bet everyone in your village thinks you are the mutts nutts! (Sorry, don't usually bite but this sort of post winds me up beyond measure, such a simplistic, comfy, middle class, 'I'm all right jack you lot are stupid' attitude) Everyone does not have your choices, dear. I'm no economist but I only have to see a graph like this to know you haven't a clue what's happening in the real economic world. Surely you have some brown rice to boil, or bread to bake........
  7. Yep, I've been thinking this for a while. Is it ever going to happen? A perceptive quote from the good old book "Faith deferred makes the heart sick"; there are a lot of heart-sick people on here. I share some stuff I have come across recently that has restored my faith. Some of it is US stuff, but no matter, this property boom is global. The first link is a video, which you have to watch to the end, or you won't get it. Check out the third graph on this page, to scare you witless. And this great article, posted to day by 'dohousescrashinthewoods' (Most excellent!) Makes you realise how much the media are in the pockets of the governments and the rich. They don't care about us, they use the media for their own ends. This article sums it up, you need to skip down to the heading "This weeks theme - Disconnect from reality" and read on. We are constantly soothed by the media, to keep us sweet. I think things are much, much worse that we can possibly imagine.
  8. Apparently, 1 in 5 'don't' have a fixed rate mortgage
  9. Mate of mine had direct experience. Bought in North London, three bed terrace in '87 - £65k. By '88 it was up to £85k. Early '89 - £90k. By '91, back to '87 prices - £65k and there the price stayed for at least 6 years. So the drop is roughly 30%.
  10. I love it!!! Look what it's up against
  11. Yep, it's crazy alright. Two bed flat in my block went on sale in January. £220k. Needs complete overhaul, hasn't even got central heating. Week-ends are the worst as the queue-to-view snakes down the road. The local burger van now has a permanent pitch, in order to feed the hungry house hunters.
  12. 663,000!! Almost 600k owned by private landlords!!!
  13. Well you would say that wouldn't you
  14. Hmmm... Tried getting a council house lately, nope, didn't think so. These poor 'bottom pile of workers' who might have a chance if prices were at 2000-01 levels, have no chance at the current mad levels. Doomed to be nomads, frothed to and fro by heartless landlords who boot them out, or put up the rent at the least whim. A Buy to Let Landlord from Kent, Needed to put up the rent, He'd run of of MEW! So what could he do? His big fat red beamer was bent! Bring on the crash say I
  15. Luminist!?!?! So we're not supposed to have jabs anymore. Hmmm! Follow that to its natural conclusion, and what would have happened to Smallpox, TB, erm.... Polio, just for starters. Good stuff For once, I think the Goverment are right to bang on about bird flu. Because they banged on and on about Aids, the pandemic never happened here! But what about here
  16. Quite a find Marcos. Here is the same flat from the links you sent £600,000 Now £550,000 Is only one flat, but those links you sent had many similar drops. But am not building my hopes up, been let down too many times in the last 3 years.
  17. I am loosing faith too, but yesterday came across this weblink and discovered that the two areas I am watching, for the property types I want, prices dropped in the last twelve months. (N14, EN1) What is interesting is the vast fluctuation of the prices of detached properties, which it seems to a person with no financial savvy, to be screwing up the overall results. I know this has been said before, here is some proof.
  18. Just re-read a December Guardian Article about this couple. They have a Buy to Let monopoly in Ashford, Kent. Is it legal thought I? I've written to the Monopolies commission to ask them.
  19. Just had a look and there's another one for sale in the block for £104k http://www.rightmove.co.uk/viewdetails-138...=2&tr_t=buy
  20. I paste below 'Money Week' email for Tues 14 Nov. A long, but interesting take on the current relationship between oil and inflation: "Life is becoming less difficult for manufacturers, according to inflation statistics. The rate of growth in raw material costs eased up in October, helped by the drop in oil prices. You'd think that would be good news for those hoping there won't be any more interest rate hikes. But unfortunately, oil is no longer the focus for inflationary fears. The type of inflation we're seeing now is far more dangerous - and falling oil prices might just make things worse….. Inflationary pressures facing manufacturers apparently eased up in October. Annual growth in input price inflation fell from 5.1% in September, to 3.8% (though that was still higher than analysts had expected). The bad news is, the underlying cost of the goods coming out of the factories didn't follow suit. The headline rate for annual output price inflation fell to 1.7%, but 'core' output prices (which exclude food and oil costs, among other things) actually rose by 0.3%. Now, here at MoneyWeek, we think it makes more sense to include all those volatile but important costs like energy and food when you're trying to work out what inflation's doing - but we've been in the minority, certainly while inflation has been rising. It seems only fair to assume that the Bank of England and all the other pundits who took comfort in 'core' inflation while oil prices were going up, will now be worrying about its steady rise, even as oil prices fall. As The Times puts it, other surveys from the CBI and data from the Chartered Institute for Purchasing (CIPS) have shown "a picture of rising output costs, caused by manufacturers reaping profits from the windfall of falling oil prices." This is the trouble with inflation. Long-term economic stability is important to companies, but not as important as turning a profit today. Picture this - you own a factory. For the past few years, your margins have been relentlessly squeezed by soaring energy prices, competition from China, rising tax bills and huge increases in the cost of raw materials. But suddenly, energy prices drop off. What do you do? Slash your prices to match, in an effort not to contribute to rising inflation across the broader economy? Or put them up as high as the market will bear in hope of making back some of the margin you lost when costs were soaring? We're assuming you opted for the latter. But will the market accept your rising costs? Well, this is where it gets interesting. Because one of the flipsides of high oil prices - and one of the reasons that many pundits argued against interest rate hikes while oil was soaring - is that high oil costs can act as a tax on consumers and companies. It's not easy to find substitutes for oil, so most people have to grin and bear the extra expense of filling up their car or heating their home. That leaves less money in the pot for other things. And if demand for 'other things' falls, then technically speaking, so should prices - which is to a certain extent backed up by the level of price-cutting and general cut-throat atmosphere in the retail sector in recent years. But if petrol prices fall - and eventually household bills should too, though not for a while yet - then that puts money back in people's pockets. And as we can all see from our nation's debt mountain (£1.3 trillion and rising) the first thing the UK consumer tends to do when they get a bit of spare cash is think - "Now what can I spend it on?" So if debt servicing costs (which are dictated by interest rates) stay the same, then overall, the consumer has more cash, which increases demand for consumer goods. As demand rises, shops don’t have to cut prices - in fact, they can raise them. And that’s exactly what’s been happening - the British Retail Consortium has reported annual shop price increases every month for the past four. Eventually - and regular readers will know the drill by now - consumers notice shop prices are going up, they demand more wages to pay their shopping bills, companies put up prices to compensate for higher wages, and you get a wage-price spiral. This is the nightmare scenario for the Bank of England."
  21. Here, freekin here!!! He is the man! And as for a religious nutter, no probs with that. He speaks peace not division! (except to those persistant bulls who believe we have reached a 'permanently high plateau')
  22. Hmmm, not sure I agree. Mate of mine moved to London around then, looked around repo after repo, they were stripped of everything, down to the light bulbs and fittings yanked out of ceilings. Pretty sure the people who got repoed felt it a bit! Maybe those ooop norf got off lighter.
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