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House Price Crash Forum

paranoidmick

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About paranoidmick

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  1. I think you'll find that most people in UK "dont believe" Brown's/ONS "inflation figures" I'm not so sure the sheeple believe what they want to believe but all the things that matter to my cost of lkiving have gone up nearer 7% than 2% and i have received less than 3% pa increase in wages over past 4 years. Much of that sems to have been eaten away in stealth taxes. Any increase has to be halved because of taxes, pension contributions National Insurance etc. To me gas, electric, council tax, petrol have gone up whilst presumably DVD recorders and TVs from China have not. I suppose thats wh
  2. I hate this country, the people are jerks, the cost of living is riduculous, the weather is crap, the roads are full, and public services are being destroyed. If I didn't have to have wait for my partner to qualify, I'd have left by now. It is sad, but that opinion of our UK is widespread. I have taken the decision to sell and have a place in central France where: The people are (contarry to popular british belief, friendly and helpful, as long as you try some conversation), The cost of living is far lower, (everything grows so a little self sufficiency is on the cards) The weather is gre
  3. How do so called experts get away with writing this interlectually devoid and economically ridiculous tripe? This is all complete nonsense. By picking France as a place with a greater chance of crash than the uk, it just is totally and utterly absurd. I bought a large home central France in a half an acre, in coutryside but close to amenities for less than £120,000. It would not be deemed a FTB property in France but FTBs cant buy a studio flat near to where i currently rent in the UK. How, in a country that rigourously checks income, (No buy to Lie there) to check that disposable income,
  4. As an average Joe poster as opposed to many of you intelligent academic types, i seek some rationale to support my theory that Nationwides success is not on the back of a booming house market. Since not a lot is selling, time to sell what does is (or must feel like) infinity for sellers, hidden price drops to get whatsales there are etc, this does not add up. The theory what i have (as monty python would say) is that its all debt consolidation, building up to big trouble. Do there figures braek down to show this? Or am i just being paranoid?
  5. Relative STR toemmigrate and things didn't work oyut visa wise. Now decided to stay in UK. Problem is relative tells me that "prices in Burnham have not stopped rising, nothing stays on market long and even crap houses are more than they can afford" Where i am prices still look high in property pages of local rags but (see Aylesbury topic) nothing is selling unless considerably unfder the original silly sales figure, or some muppet has been watching Krusty and Phil too much (IMHO) So anyone actually know what is happening in Burham, if it is bucking a seemingly obvious National trend? I we
  6. Why bother? Its so behind reality it doesnt actually give current information. Whatever you are trying to hide will be ancient history by the time that someone can see it! Take a small (and i mean small in every sense) development in Berkhamsted, Herts. Three pokey terraced "town houses" sold at the end of last year. They were up for £425000 (expensive place where "prices never fall". so i am told by the affluent residents, who are imune to any economic changes because "its Berkhamsted". You cannot find out what all three actually sold for, on Nethousprices.com, but they did. Now for whatev
  7. Well its only an advert for greenhouses ....................but does it not say something about how the term House price crash is becoming accepted in everyday language?
  8. "Look into my eyes , not around the eyes, look into my eyes, when i click my fingers you will think that House prices are rising" That must be it pure VI spin hypnosis on the masses. I rememer being a young PC standing facing some very pleasant (used to give them my packed lunch) miners at the time of the miners strike. Whilst they read the front page of 'the Miner' papare with headlines to the effect that No Coal is moving in Nottinghamshire and an article that accused the govt of using library pictures on news broadcasts, behind them and clearly visible was a train pavcked with coal mak
  9. Chatting to a friend who's son is a bricklayer working for £150 a day not so long ago in London. Turns out there is no demand for his services at that rate of pay any more because East Europeans are doing a days graft for £40. Some obvious implications; On those wages the migrant worker will not be buying property in the UK- No increased demand Previously well paid young man cannot now buy here -No increased demand Situation presumably extends to several trades with similar outcome. It has been VI spin to suggest that the increase in population will fuel the continuation of HP growth.
  10. Half an hour ago on BBC, 'Wwatchdog' type tv with banks being critisised for irresponsible lending and misselling of payment insurance . One individual highlighted was unemployed and ill prior to bank lending and recommending useless(in those circumstances )insurance. One debt of around £100,000 with no means or hope of repaying, bank agreed to write off all unsecured debt in that case. I only caught the end of it but it seems that my predictioons are beginning to materialise. One of my first posts related to hearing that banks were making provision for writing off debt at the back end of 2004
  11. Strolled to my newsagent for the sunday paper, and, in doing so walked past 3 houses, brand new, 2 semi 3 beds and a smallish 5 bed. All look nice outside, heating gioing so thats a nice additional expense for the developer. I'd say they look better built than most. They are within a 10 minute walk of Cheddington Railway station with access to London Euston in around 40 minutes. Well located well built, on with 3 agents and have not sold despite the fact they have been ready for occupancy for several months. We moved here at the beginning of October and they had clearly been ready for some tim
  12. I'm on balance more bear than bull. People I've known over the years have become wealthier than me have tended to be fairly unanalytical. I think my tendancy has been to overanalyise opportunities and talk myself out of them, which is why in the last few years I have made a concerted effort to take more risks, AND FRANKLY NOT TO FULLY EXPLORE THE INS AND OUTS OF ANY NEW OPPORTUNITY. Bearish types need to recognise that taking the cautious bearish route throughout life has down - side. Very true in some respects but i am cautious and a good job too. Allow me to provide an anedote that still
  13. 20%? Its going to be more than that. 70% plus is perfectly possible in some places. I think you are right, and the Irish crash, so close to home will bring on the same in the UK. However bad our economy is , it fails to match the EU funded, non industrial and non manufacturing Irish economy. Therefore i see it as 50-70% in Ireland and 30-50% here. I am anticipating such falls around October 2006, whem i intend to buy. I will be looking for one of the real -50% bargains that will be out there from hoards of the poor reposessed. I take no satisfaction from profitting from others financial
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