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House Price Crash Forum

Kid_a

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About Kid_a

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    HPC Newbie

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  • Location
    Coventry
  1. Warwickbloke, I had to reply to this because your talking out of you ar%e. I live in Coventry and a property under 100K would put you in one of the worst areas of the country. Affordability for me would be a couple with a deposit on a good wage being able to afford a 3 bed terrace in an average area. In Coventry that would cost you about 130k (asking price), bearing in mind that the average wage in Coventry is probably about 14K so a 100% joint mortgage would be about 4.6 times earnings. Clearly not affordable. There are hardly any good well paid jobs in Coventry and with the final demise of
  2. If they think the housing market is going to crash, why are they now trying to gain a higher market share by increasing lending multiples? Just stupidity?
  3. After talking to an estate agent they said dont dismiss anything as vendors are open to all offers at the minute! not what you would expect.
  4. I've noticed in the area of coventry I'm looking there are a lot of 3 bed terraces with vacant possesion/no chain, could that be btl's bailing out?
  5. Over the last 3 months asking prices seem to have gone up quite a bit in coventry. The area I'm looking at is an average area and the average asking price for a 3 bed terrace seems to be 125-130k, where before they were under 120k. Do you think estate agents are trying their luck as its spring? On another note a btl that I drive past every day for work was unlet for several months and now its for sale. I have spoken to the EA and they said they are re-decorating at the minute as its been on the market for a while. Opposite there is another unlet property, which has been unlet for several mo
  6. Hi this is my first post. You say that houses double in value every 10 years which they clearly have done in the past. Correct me if I'm wrong and I may be missing something but what was the rate of inflation over those periods quoted above? What was wage inflation? I think thats your flaw.
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