Jump to content
House Price Crash Forum

The Undertaker

New Members
  • Content Count

  • Joined

  • Last visited

About The Undertaker

  • Rank
    HPC Poster
  1. I have to agree with you sledgehead, yet another BNP voter polluting this board. So shermenator, what about the 10000 white women who have become muslims, are they uk nationals?
  2. Funny how estate agents have been telling us for the last 5 years its now or never. Surely never has come? The point is when it is "never" for the majority of buyers the market will collapse.
  3. Thanks for those links. Im not that familiar with the carry trade etc. But I think there are more than enough home grown reasons for UK house prices to crash, this seems to be another nail in the coffin.
  4. http://www.fnarena.com/index2.cfm?type=dsp...2EEEB836CC60403 Apparently Morgan Stanley refutes the carry trade thesis, according to the above.
  5. What happens if houses start to "under-perform", are those savy investors going to get out of property and into the "next big thing"? I remember in the late 90's people telling me how shares only ever go up, especially internet ones! Plus if you have lost your job, you might not be able to sit it out, the baliffs wont sit around waiting for your equity to return in 10 years. As for the investors, I agree perhaps if they own 100% of their properties they may sit it out. But those with 80% mortgages, who see interest rates rise by 30- 50% (ie about 6%) in say 2 years, might not be able to
  6. The NHS is already being privatised. From 2008 15% of all operations will be done in the private sector. Private companies, usually using NHS funded infrastructure, are running most of the services in your local hospital. Tony Blairs former health advisor is now the chairman of a major US healthcare company that stands to make a HUGE amount of money from the privatisation of the NHS. No connection of course.
  7. As has been said here the percent of first time buyers is falling fast. So our generation is becoming less daft! At the moment many of the people buying are either from overseas (especially in London), or BTL (despite yields of 2-3%). Unfortunately most people don't read the warning with all investments, "past performance is not a indicator of future performance". As houses have become more of an investment, I personally believe this will make prices more volatile. At the first sign of prices going down the investors will panic and sell, leading to further falls. According to the VIs HPI
  8. The problem is your generation didn't pay enough social security, the government got the calculations wrong. So we, the younger generation will be left to pay the shortfall. House prices are just another form of wealth redistribution from the young to the old. The problem for your generation is that people are becoming increasingly resentful of this, and sentiment will change sooner or later.
  9. I was watching CBS news on Sky yesterday. They had a segment on a family, who had their house repossesed and was being auctioned off, following a mortgage increase from $2100 to $3000 pm. An estate agent talking to the program mentioned that there were "thousands of foreclosures every year".
  10. My parents recently sold their house. Valuations from estate agents varied between 495k to 750k, final price 560k, after being on at 625k.
  11. Im sure there were many "seasoned" investors adding to their portfolios when the Nasdaq was above 5000. I know one BTLer who is taking out cash advances on her credit card in order to cover the deposit on a new "investment". There are always enough greedy fools out there to be parted from their money, so this report doesn't really surprise me.
  12. Or the people that have been losing their jobs?
  13. Rightmove tells you nothing. They base their figures on ASKING price when the house comes to market. So if your house was put on the market for say £180000, but sold for £130000, according to rightmove stats the 180k is included in the average. So all agents do is keep increasing the figures and there you go "house prices rise". Realist bear, do you have links for those figures, and are those falls for the last year or last quarter?
  • 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.