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House Price Crash Forum

Orbital

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About Orbital

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  1. Orbital

    Everyone Offering Full Asking

    That is the funniest reason for HP inflation ever. BUt either way, congrats to the Swans!
  2. Saw the most jaw dropping barmy thing on my street via RightMove last week. A house in my street is on with an asking 150k above what I paid for mine in 2009! It's done up nicely, I'll give them that - but not 150k nice! If it sells I'm wacking mine on the market and buying a house mortgage free outside of London. But it won't sell. Will it? One on the road did go for 70k more than mine at the end of last year though - although to be fair that one had an extra bedroom (but hadn't been decorated since the 70s!). When will it all end...!
  3. Can't get too upset about it myself. I quite like the BBC and download enough iPlayer content onto my PMP at the start of the week to keep me entertained for the next 7 days. Its a shame these arguments (and there are many of them!) always centre around a couple of programs that TV snobs find easy to bash. Of course the BBC has plenty more to offer. It's always the same, someone mentions a genre that they do like and someone lists a rubbish program in that genre and therefore all their output is awful. It's like those people who think all music is rubbish but don't ever look beyond Radio 1. When I browse through iPlayer I often think of the people who claim they really can't find a couple of hours of good telly to watch each day and wonder just how uniterested in the world you have to be to really find nothing of interest. If your that picky perhaps TV isn't for you ! Reminds me of an ex-work colleague who didn't have a TV yet got hassled so much he caved in and bought a license for a quiet life! Definitely needs to be fixed. But personally I'd support fixing a broken system rather than getting rid of it. Be careful what you wish for...
  4. Orbital

    Quick H P C Afternoon Challenge

    Purely out of interest, as I suspect this is what people really care about when saying reputable, what if the company goes bust? Is the administrator obliged to honour the contract? And, be honest, is your answer based on a sound knowledge of contract law (are you a lawyer) or does it just seem to make sense? ie if you asked me I would say the contract would be honoured but this is just based on general knowledge and not a sound legal background. Ta.
  5. I must have misunderstood because it seems to obvious too me? I'll post on the off chance that I haven't! When I sold my place the vendor requested that the agent ceased marketing it immediately, we were happy to agree as we had a cash buyer (the lady did well from her divorce!). The next day they removed the board outside the house, it came off the internet (having only been there for a day!) - I never saw the house in the agents window. So here's a crazy thought - were the houses sold? That said, a house on our street we had been tracking since it went on a few months ago (it's overpriced - our neighbours house has completed since this other one was listed!!) disappeared for a week and then came on again. Who knows why? We know it was bought by a developer and renovated but I think they paid too much, spent a load on it and can't reduce the price as they'll make a loss. Shame cos I actually don't begrudge developers who do up otherwise run down houses - we need more of that.
  6. Orbital

    One Born Every Minute

    The person who wanted the house more than you? If that person hadn't bid more they wouldn't have got that house. We can sit around and pretend houses are worth 50% of their value all we want but it don't mean nothing if no one else thinks this! I remember when selling my place, someone told me that my house wasn't worth the asking price. So I said fine, you go buy one of the other houses in the area which were indeed on for less. And the chap said we don't want to we like your one. Well call me selfish but I'm gonna go with the lady who is prepared to pay the asking price... Supply and demand innit.
  7. Ah - to fix or not to fix. That is the question. I was looking at NW earlier, 5 yr fix for under 5%. Seemed good but maybe it's worth waiting some more? Who knows. Expensive house at a low IR or a cheap house at a high one. Which costs more? !
  8. Orbital

    House Buying , It's A Pain

    Yeah buying, moving, renting etc is a total nightmare. I always snigger to myself when renters say "I'll just move" - yeah, it's that easy! About time we had some reform, everything from a graduated stamp duty to a useful HIP (I liked the idea, it's rediculous everyone having to commission their own survey. I wonder if some houses end up getting surveyed many many times before they are sold? That's efficient!). Best of luck with it all. I'm glad I (hopefully) never have to move again.
  9. That "campaign" has been doing the rounds for years. Seems to have been as successful as the campaign for lower house prices !
  10. But seriously, it's amazing how much small overpayments can save over the lifetime of a mortgage. Makes an even bigger impact when IRs are higher, which might come in handy for those buying cheaper houses at higher interest rates over the coming years...
  11. Erm... if the governments goal is to cut road usage then it seems to working. With finite resources in the world the earlier we reduce our oil depedency the better. I'd rather do it now through steady tax rises than be forced into the situation by demands on external oil imports. If other countries can do it why can't we? Regardless of opinion on environmental issues being independent of oil seems a worthwhile goal. I never get the argument that governments raise taxes because of their own greed. You do realise that taxes are then spent on stuff like hospitals and infrastructure etc. This money doesn't go into MPs bank accounts (or enable additional expense claims !). Isn't it the opposite? Higher taxes make them less popular and more likely to lose their job come next election? Or am I missing something !
  12. I am always amazed that people get chased out with higher rents. There is a shop near where I work that closed after rent increases (according to the note in their window). It has now been empty for 14 months. If/when they get a new tennant it will take tens of years to make that fallow period up surely? I would agree that keeping hte place occupied should be a priority! Sure the odd rise is needed but just keep it a few percent to allow for inflation.
  13. Orbital

    Insane Seller

    I LOLd at the garden picture. Amazing. I wouldn't live there for free.
  14. May aswell share mine: Brother: Bought in 2001. Just accepted an offer and will be banking considerable profits before renting with his American gf in NY. Me: Bought in 2005, sold for a profit in 2010, bought a great family house in nice area. Enjoyed low interest rates and overpaid massively in the last few years - all on a pretty average wage. Just hit 30 and will be mortgage free in my forties. Parents: Rejected an offer for almost 20x 1980's purchase price. Decided to keep the big family town house so they can host family get togethers, grand kids, etc. Will this make them less wealthy after a possible HPC? Sure. But so what. Cashing in on record HPI would just be greedy and we're different here at HPC aren't we! Actually it's probably thier moral obligation not to sell (at that price) ! Maybe I would be more wealthy if I played a different hand? Who knows? Who cares. We're not greedy like those BTL dudes are we!! Are we? House? Check. Family? Check. Mortgage free and financial independence on the way? Check. I have nothing against those that decided to wait and I really hope it works out for you. Personally I didn't want to spend the best years of my life waiting to settle down. And if settling down isn't your thing then why ever buy a house! Don't get me wrong, im not pro high house prices and want them to come down, I just can't agree that buying is such a bad mistake. If you like it and can afford it then surely we're all just 25 yrs from being mortgage free? And for those who enjoyed historically low interest rates and used that to overpay it'll be even sooner ! Good luck to you and your family
  15. This website has had the same headline for almost 10 years now! "House Price Crash" Sooner or later it might even be right ! At least the message is consitant !
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