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House Price Crash Forum


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Everything posted by VacantPossession

  1. If you don't quote the Express, it won't appear here. Just ignore it. Nobody believes anything the Express publishes. This forum is full of quotes from media, some used as confirmation of what we all knew already was blindlingly obvious, and others about things we all knew were ridiculous. Why bother? The Express is a comic for idiots, written by vested interest spivs and consumed by the gullible and desperate. Rise above it and stop quoting. It is completely irrelevant.
  2. That's a very salient point that hasn't been made before. I agree. What you say is demonstrated in not just Estate Agents blurb, but also UK holiday hotels and businesses in agreeable landscapes where the agent or business owner couches their advertising to imply that the attractive panorama is something they actually created. I think you've brought home an important truth about NIMBYs: They establish themselves in a landscape with uninterrupted views and then want to shut out anyone else from "owning" the same view. That is why the Telegraph/National Trust campaign is utterly hypocritical. This extends of course to all sorts of objections, typically to airports or runway extensions, invariably coming from those who do not stop to think how they managed to get to their exotic holiday locations - by flying from an airport that is in SOMEONE ELSE'S back yard!
  3. Yet another specific thread that got a bit off topic. The OP highlighted the massive ratio of banksters to bank staff salaries. £12.5k is a virtually unliveable wage, unless you factor in an assumption that the cashier has a partner who also earns. Spare a thought for the cashiers and staff at your local branch who are put in the firing line to field your complaints about customer service, while those executives who created said service hide behind computers at head office, uncontactable, remote, and completely distanced from the affects of the customer service policies which their poorly paid staff have to take the flack for.
  4. It's a lot of cash for a shed. Nevertheless, the council has no chance of evicting her, at least on planning regulations since she has a legal right to live there on these grounds: 1. Her shed is not breaching planning laws regarding size, position or boundaries of her parent's house. 2. No planning permission is required for this structure. 3. It is perfectly legal to build an annexe for accomodation provided it is for those with a definable relationship with the main household. 4. It qualifies as a granny/aunt/sister/daugher annexe, and is not a separate household within the meaning of planning laws. The council, realising it cannot turf her out on primary planning regulations, is seeking to evict her on the basis that in its opinion, the shed does not provide viable accomodation through lack of facilities, whether it be drainage, utilities, equipment, heat, or some other spurious and subjective perception of what constitutes a liveable home. In that case, all councils should immediately evict anyone living in a caravan, motorhome, rural lodge, and half the park homes in the UK, and thousands of other structures. Of course they won't and can't. Furthermore, she has access at all times to the utlities in the main home, therefore she cannot be deemed to be living in inadequate housing. The council are completely wrong and have no business whatsoever threatening her, now or at any time in the future, and its planning department is making itself a laughing stock.
  5. English Heritage doesn't get much of a mention but they have a similar financial model to that of the NT. A couple of weeks ago I was in a Dorset village and parked at the only available car park to get some lunch. It was owned by English Heritage and they wanted £2 to park. I pointed out that I didn't require their car park for more than half an hour, but they only offer it for "all day" at one price. Families were queuing up to see a not very prepossessing heritage building for which they paid £8 per adult and £3 per child. A family of 3 adults and 2 children were therefore paying £32 to park then wander round a mediocre "site" for an hour. Guide leaflets were an extra £3. Snacks and tat were on offer at the shop for a premium. Many heritage sites are a rip off, and seem to get away with ever increasing entry fees.
  6. Can we please stick to the thread: This is not about immigration. It's about the National Trust's objections to planning laws. Why does every other thread here have to end up being a discussion about immigration which is a million miles from the subject in hand?
  7. ...Oh by the way, Simon Jenkins (National Trust Chairman), and his wife Gayle Hunnicutt, have just sold their 5 story Victorian house in Primrose Hill - bought for £87,500 in 1978) for £6 Million. Simon and Gayle have now made an offer for a "large country house with a swimming pool". No doubt when Mr. Jenkins - a staunch protector of the glories of rural England - moves into his sumptuous new home, he will carry on his passion to shut everyone else out from his agreeable landscape, having shared in the beautiful surroundings he and his wife have purchased from the roughly 6000% profit on her former home. http://www.dailymail.co.uk/property/article-2039190/Gayle-Hunnicutt-sells-Primrose-Hill-dinner-party-home-6m.html Oh - and while I'm about it, here is an article Jenkins wrote protesting about London homes which were being ruined by rich people building among other things - wait for it - "Swimming Pools" under the foundations of precious property. Well I never! I hope he enjoys his own swimming. http://www.thisislondon.co.uk/standard/article-23953095-what-basement-rage-can-tell-us-about-london.do
  8. And just where do a large proportion of National Trust executives, staff and a good many of their volunteers live? Why, in rather agreeable rural residences in whose immediate surroundings they wish to ban everyone else from having a share. At the same time I don't hear very much complaining from NT members about the ugliness of the supermarkets they shop in, or the airports they attend before flying off to their exotic destinations, or the vast sheds they visit to top up their home offices, conservatories and living space with furniture, computers and various bits of equipment. No, they are concerned with OTHER people seeking a similar lifestyle to which they have become attached, and in order to stave others off, have declared their environment not suitable for anyone else but themselves. That is not to say some NT members are wholly unfair. I expect some of them do actually live in horrid urban places they hate. They just don't quite see the connection between that and the hypocracy of the ever so respectable nimbies within their midst. I value the buildings they have saved, and on that front they've done a reasonable job. But I'm not a great fan of turning heritage buildings into lifeless museums festooned with olive green polite notices and holier than thou cafeterias full of disapproving dowagers who make one feel deeply privileged to have "invaded" their custodianship of the bricks and mortar over which they preside.
  9. This "calling" business has been a feature of HPC forum for many years. Many "calls" have been made and nearly all of them are simply egotistical show-offs here, or elsewhere, pretending their "call" is somehow a unique insight, but they never are. Let's forget "calls" shall we. They are a waste of space and a distraction. edited for poor spelling!
  10. If RICS valued it, it's still way overpriced.
  11. Excellent post. Your are right; nothing significant is going to happen without interest rates rising from their absurdly low level, and of course you know the rate is where it is in order to protect, in the main, the very people who caused the boom, then banking meltdown in the first place. No amount of "calling" a crash here, or "calling" and end to the euro/dollar/pound ad nauseam, is going to alter the fact that there is an inescapable relationship between the capital cost of housing and interest rates. The lower rates are, the higher prices are going to be sustained. The reason for the lack of a decent adjustment to house prices is utterly predicated on interest rates. Many of us have been duped into imagining that raising interest rates to a proper level that rewards investors and depositors, and punishes speculators or quick fix gamblers, is somehow wrong, and will lead to some kind of crisis. The opposite is the case, if people are prepared to wait until the real outcomes assert themselves. What dissapoints me is that many posters here get diverted into all sorts of theories about the Euro, national identity, immigration, and other subjects which detract from the fundamental theme. Governments, banks, and regulators are all very powerful and can protect those who have ruined this economy by constantly bailing them out of mistakes they have made, while those who are interested more in long term problems, and more realistic goals are perpetually sidelined. Look back the last hundred years: The higher interest rates, the lower the PRICE of property. The lower interest rates the HIGHER the price of property. Any half-witted market trader would tell you the same. But our economists, our press and our apparently elected elite tell us that "supporting" the economy with ludicrously low interest rates is somehow a passport out of pain. It is not. The more cash is printed, the more we extend the denial and the more we support those who should NOT be supported, the worse it will be.
  12. That's exactly why I mentioned disposable income after fair and modest running costs, which are so dependent on the area you live, how many children you have if any, what your "partner" earns, whether you have access to a golden cloaked pension, freebies, car allowance, and all sorts of other miscellaneous advantages or disadvantages.
  13. Average salaries are an increasing irrelevance nowadays regarding the ability to pay a mortgage . I never understand why lenders's multiples are based on salaries rather than disposable income. Since inflationary food, clothing, fuel and ancilliary prices are now a universal factor in available spending after paying for basics, bare salary levels for the majority are becoming a poor indicator of ability to cope with a mortgage.
  14. Really? In my area, which is not atypical, rents are in effect lower in real terms....that is to say if you factor in three years worth of REAL inflation (as opposed to official inflation). I don't know where the theory originates that somehow rents rise as house prices fall. That simply doesn't make sense, but it also isn't demonstrated nationwide. While there has been a rise in the number of potential tenants, there has been an even bigger rise in sellers refusing to take offers and instead shoving their assets onto the rental market. This myth of rent rises is a combination of the media printing PR from agents, using London as a definitive example, and ignorant rumours spreading from those who cannot be bothered to check the stats. Of course SOME rents in some areas for SOME types of homes are rising, but if you look at the UK as a whole they are not rising at all.
  15. I think almost everyone posting here has acknowedged the exception in London. Have a look elsewhere and you will see that nationally rents have not risen in real terms, and in many regions rents are falling.
  16. Property PR spin cannot now claim house prices are rising, so instead the spin is focussed on the claim that rents are rising. As many here have reported, in fact rents have generally held or fallen in real terms, except possibly in London. This is yet another example of media, and especially the BBC, publishing any old PR they are given and presenting it as "news". No checking, no attempt to challenge the figures, no mention of contrary research, no evidence of questioning how these stats were arrived at, what the sample was, or any kind of proper journalism. It is just a regurgitation of a vested interest press release. You can leave a message on the BBC page below if you are fed up with the BBC's habit of publishing uncontested "research" from vested interests: http://news.bbc.co.uk/newswatch/ukfs/hi/default.stm
  17. Schiff, like dear old Mr Cable, is better as an independent pundit than a politician. His appeal is to tell it like it is, and he has cut through the bull*shi*t expressed by USA incorporated, the banks and the American legislature with a rapier. The moment he seeks and achieves real political power he will, like Vince Cable, be compromised and his intelligent swipes at the idiots running wall street will be watered down into a mixture of anodyne acceptance and lobby influence. He's better off outside the system, and certainly more useful.
  18. Comet might be suffering like everyone else, but I wouldn't be surprised if it was suffering more due entirely due to its threadbare staffing, poorly trained and poorly paid staff, a complete lack of grasp of service, insufficient knowledge about what they are selling, over-bearing pressure to take out "extra" warranties when the statutory warranty should suffice, reliance on insurance and warranty extras to bolster core income, poor awareness of what the market in their own goods is doing, almost complete ignorance about their own computers, inability to tune a tv set, selling too many brands rather than sticking to reliable/value brands that sell...etc etc. Add to that their inability to restock fast sellers and over-stock on poor sellers, salesmen and women who don't bother to read up on their own products. Parachute any customer in for a day and they will manage Comet stores better than Comet do because they have the information at hand to see their stores from a customer point of view. I'm surprised their "crash" is not more than 22%. Times might be tough, but large sheds selling electrical goods need to educate staff about how to go about selling and satisfying customers.
  19. I'd be very suspicious of any PR stuff masquerading as articles from a property company. They tend to talk up the market when there is a queue of buyers and talk down the market when sellers are holding out for a price. They'll say anything that keeps their turnover going. That said, it is time London woke up to insane prices that are unsustainable.
  20. Polling RICS members as to how they "feel" about the property market is like asking a middle east dictator how he "feels" about extending sufferage to his people. The only answer you'll get is entirely self-interested, subjective and unconnected with facts or evidence.
  21. Honestly, what a load of pseudo drivel. Whatever issues you have with the other poster, just say what you mean clearly and stop claiming superiority through obtuse gobbledigook. Life is short enough.
  22. Yes, correct, but that was enabled by a culture emanating from the city generally.
  23. I more or less concur. The fixed, as in artificially massaged, inflation rate claims to make allowances for negative inflationary stuff like hi fi, computer hardware, and all the other goods that apparently have deflated, but I don't buy a TV or computer every day. I buy food every day and essential other items every week. No-one believes the official inflation figures. They are a sham.
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