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House Price Crash Forum

THE SAGE

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About THE SAGE

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    HPC Poster
  1. C'mon guys a couple of people that make an admittedly bad property decision does not constitute a crash?
  2. I got into a conversation with a work colleague this evening about the economy and house prices and we were of the same opinion on most areas (ie house price falls) but I came unstuck when I started talking about how the US dollar will affect UK and house prices. Can anybody simply spell out how a weak US dollar affects UK and it's implications for house prices? Help would be appreciated. Also thanks for comments last week re: my offer of £115k for £120k property. You will be glad to hear I have withdrawn offer.I am going to give it at least another 12 months before I even consider b
  3. Once the 3 x salary ratio starts to be manipulated you know it is time to start heading for the exit. The vested interests will fleece the fools who enter after this point and any naive ftb's but unfortunately they will learn the hard way.
  4. I don't currently have any debt so therefore I don't slave away as much as someone with the 'average' 100k mortgage. The govt,employers etc. want wage slaves who will not complain and ask for higher wages. Remember most employees would rather shave all their hair off rather than ask for a pay rise.I am alright as I no longer have any hair.
  5. This site is invaluable! Over time it will speed up the crash. A few regulars may remember a few days ago that I made an offer on a property. The property was £120k and I offered £115k.I was a muppet. The property was what I was looking for and for anybody that resides in the Midlands it was in the Aldridge area of Walsall. With regard to current prices in the area I do not think it was massively overpriced hence my offer but on reflection and from comments from regulars on site I have withdrawn offer. I believe I have made the right decision. I am now going to wait for another s
  6. Checked ourproperty.co.uk and property was bought 2 and a bit years ago for 85K.
  7. ZZ your comments regarding the last crash are accurate and insightful. I was there and one bed flats are extremely difficult to sell in a downturn.
  8. Thanks for all the comments. I agree that £115k was too close to the asking price but I thought being as the property has only gone on the market an offer of £105k was too low.I have been watching the road for a while and it is the first house that has gone up for sale for a while so it should be interesting to see what happens. Re; the suggestions about actually speaking to the vendor- I would not do this as I don't believe in personalising situations such as these and it makes things awkward if they do come back and accept my offer and I THEN LOWER MY OFFER!
  9. That's what I have got in the back of my mind unless some mug actually offers them the asking price!
  10. Viewed a two bed semi detatched house yesterday evening with large garden in suburb of Birmingham. Asking price is 120k and liked the property a lot and would require no work to be done to it.I decided to make an offer this morning of 115k as the house is in a good location and would need 50k mortgage. Although house has just gone on the market I expected offer to be accepted by the young couple who are selling.I am not in a chain. Offer rejected- vendor wants 118k and when I said to estate agent that 115k was generous in current market conditions she asked if I had seen reports of hous
  11. In much the same way as somebody could record a record,buy all the records themselves,get to no.1 and proclaim themselves popstars and that they are the most popular things since sliced bread. This has never happened has it????
  12. With all the speculation and wailing and knashing of teeth that goes on over a possible 1/4 % increase then it doesn't take a genius to work out that it may take only a further 1% increase from now to completely screw the housing market for years to come. I say it doesn't take a genius to work out the above but I forgot I was responding to Laurejon.
  13. They don't use steel pipes anymore!!!
  14. Yes I know it is futile trying to have a rational debate with someone such as laurejon but you cannot help yourself sometimes. So as bulls are constantlly making outrageous claims I will stick by my prediction of 40% fall in house prices by March 2006!
  15. You keep your head because you will have already worked out how serious the problem is! That is why the majority of the contributors and viewers here realise the housing market is completely and utterly screwed and will keep their heads as they can sit back and have a beer while all the dinner party btl brigade get wekk and truly shafted!!!
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