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About chiefduffer

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  1. I'd vote for the "Tried and but back home - at least for the time being" option. Have lived in Switzerland for 3 years, and US for 2 years. Plus had 3 years in Singapore as a child. If the weather here weren't so phenomenally crap I'd probably want to stay permanently. On the plus side here are family and friends, a sense of humour, an appreciation of irony, public manners, and jobs. On the downside is crap food, uncontrolled immigaration, poor healthcare, education, and high level of stealth taxation. Housing is more likely to be a problem for my kids than me as I've been on the ladder
  2. Like some of the other replies from the East Midlands, in and around Leicester you can still get plenty for £150K. Obviously, like everywhere though, there is a big gulf between the good and bad areas so you will now be hard pushed to buy much more than a 2 bed terraced in a nice part of town. This one looks ok and is quite close to the University so its got good rental potential. 3 Bed Terrace If you go out to the Leicester Villages, you can find some pretty reasonable properties for the same price. This is in a good village: Kibworth 3 Bed This is in a not so nice village: Coalville 4
  3. £120K as a GP?? Am I the only one here who wished they'd considered studying something useful like law or medicine instead of some useless artsy degree??
  4. Live: Leicester Status: RTR (Live in rented accomodation and renting my house in SE for past 3 years due to overseas assignment) Income: Around £40K Equity: About £300K tied up in SE property. Only £30K accessible funds. I could buy a ruddy massive house with my equity and a reasonable mortgage but I'm not sure its a great idea due to market instability, relocation possibility, re-sellability etc. etc. I mean, would you sell your 3 bed terrace in Windsor for a 5 bed detached in Leicester area at same price?? It may sound tempting but some of the houses around here have been on the mark
  5. I moved into Leicester area 6 months ago. I've been renting till I got to know the area a little better. I'm considering buying next year but I'm really not certain its a wise investment. Prices seem to be pretty stagnant and many properties are taking a long time to shift (6 months +). Things seem to get worse over the £200K mark. I'm looking at the best possible area of the city- around Knighton, Clarendon Park, Stoneygate. Even there the schools aren't great- especially at Secondary school level. The thing is, I could keep renting but I do feel its money down the drain. I am already o
  6. Well I had a look for my area and this website seems to have a lot less properties than Rightmove and a few out of date properties (under offer/sold but not updated). It would be great if there was a true one safe source map based website like this. I do like the mobile phone mast feature though. I had no idea there was one 200 metres from my house!!
  7. But if prices stay +/- 5% over the next 12 months then I might as well continue renting/paying off my mortgage. IMO only a >10% price correction would merit STR and I just don't see this happening in the next 12 months. There is simply not enough firm evidence pointing to this at the present time. Even the recent uncertainty in the global financial markets is not enough to derail HPI at the mo.
  8. Not really- the transient category is only based on number of sales. To get the truly most transient location you'd need to divide the number of sales by total number of addresses. I had a look at this for my area and the most transient locations were in fact the longest streets with the most number of houses/flats. It also happens they were at the lower end of the ladder but that is only natural with longer streets- they tend to be main roads with higher volumes of traffic.
  9. Yes, I know this has been discussed to death but as I am still contemplating if/when to sell my house (currently being rented), I want to hear if anyone has any new insights on the timing of the next crash. I'm now thinking the earliest the next HPC may happen is Mid 2008. Reasons would be that the economy appears relatively robust and the BoE is being moderately sensible on interest rates. Also the limited supply in London & South East will continue to fuel growth in the short term. Since I work in the construction industry, I am being told all the economic indicators are showing a
  10. This is the funniest thread I've read in ages- handbags out!! Thanks for the entertainment guys.
  11. Hang on, RB's statement was that since end of 2004 the market outside London has peaked. Since that date interest rates have only gone up 0.5% so, no, I don't class that as soaring interest rates. They are still over 1% lower than when I first bought (end of 1996).
  12. I reckon you could get either of these for £190K: 2 Bed House Addlestone £200K 2 Bed House Addlestone £199K
  13. OK, if you want to buy here are some alternatives for you: 2 Bed Flat Chertsey £179K 2 Bed Flat Ashford £187K
  14. Erm.. no I said a house!! And even then I wouldn't buy a new build!
  15. Personally I would only borrow money for a house- never for a car (especially not a new one which loses money as soon as it leaves the forecourt). I'd rather drive a skoda...actually I do drive a skoda. Why don't you do the Alvin Hall thing- i.e. pay for everything in cash and write all your expenses in a notebook.
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