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Vinegar trousers

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  1. Don't know if this has been posted before but here it is; firstrung article "What did you guys make of the "How to be a property developer" on channel Five last night?They actually used the C (crash) word in relation to Liverpool prices before the watershed?" "That game is now very much up at auction. The alarming evidence of auctioneers taking bids off the wall is akin to desperation. Despite the positive spin, auctioneers are having to work the room incredibly hard to keep the sales figures high." "However, it could be argued that the programme is a refreshing change from the constant stream of property makeover shows, or those suggesting that a lick of paint and laminate flooring can return thousands in a short space of time. For that reason alone channel 5 should be applauded for their efforts."
  2. On a completely random note... ParticleMan, you wouldn't happen to be a They Might Be Giants fan too would you? Everyone who isn't, I implore them to go out immediately and purchase said bands album, Flood! Guaranteed to put you in a good mood after a dose of HPC mumping. Sings... Particle man, particle man Doing the things a particle can What's he like? It's not important Particle man Is he a dot, or is he a speck? When he's underwater does he get wet? Or does the water get him instead? Nobody knows, Particle man
  3. Swamp_Beast, I understand where you are coming from, and yes the world is different this time, just like it has been different every other time the market has crashed. I don't think you can figure it out. There was something in that article however which made perfect sense. That was, the property market became an over valued bubble, simply because people thought property prices would go up ad infinitum. The very sentiment that made people buy, was actually helping it to grow, thats why its called a bubble. Its called positive feedback. I don't think you need a economics degree to realise that, once the cheap credit tap has been turned off, all it takes is a bit of bad feeling and the bearish positive feedback will bring it all down to sensible prices again. Of course, I have been known to be wrong! P.S. Left a comment on that article
  4. I've thought about buying a shop and turning the upstairs into a flat for myself (no kids), and using the downstairs as an office for internet trading etc. Round our way in the South Wales valleys, (Winks at Gryffyd), shops are dead. You see loads of old butchers and confectionary stores etc, and nobody wants them. Its hard to make money now in the valleys from these little shops, when people are prepared to travel to town to the supermarkets. You still get the spars and lo-cost type stores, but the rest are slowly dying. I know of 3 local shops that were sort of done up nice, which have been up for sale, then for rent, now they're back up for sale again. They can't shift em, nobody's mad enough to open a retail shop there. But of course the owners probably got a mortgage on them and done them up, after being spurred on by those ba*tard property programmes! And of course they won't lower the price. As many have said Q1 07. Its like you can feel somethings about to happen. Like you can feel the electricity in the air before a thunderstorm. Well... I'll be watching in earnest!
  5. OMG! Thats was one of the funniest things I've ever seen! Absolute classic, we'll have Dead Ringers doing a parody of that soon I tell ya!
  6. A very touching post Sam and one very close to my heart. My father is an alcoholic, although he will never admit that, even though it causes all kinds of problems for him. My mother died when I was young and my father brought me up alone. He drank then but the strange thing is, I didn't see anything wrong or get concered by his drinking back then. I thought it just helped him to get to sleep, I had no understanding of the addictiveness of alcohol as a teenage kid. Eventually, when I left school, my Dad moved away and I stayed put, to build up a business for myself. All I can say is that, the decade of my twenties was an absolute nightmare . I would get regular phone calls from the woman he stays with (lodging) saying that he's got to go, he's drinking all the time etc. Everytime the phone rang my stomach would feel sick. I put all the blame on myself and eventually I became depressed and I wasn't a very nice person to be around. When things got too much, I decided that it would have to be up to him to put a stop it, if thats what he wants to do. Either he acknowledges he's got a problem and does something about it, or just drinks himself to his grave. I tried, God knows I tried to change him, but with someone like that who has given up on life.. what else can I do? I have to accept now that he has chosen a (poor) lifesyle, so I just let him get on with it. We don't talk anymore, and some people cannot understand my attitude to him, but then again, maybe they haven't been through the nightmare of dealing with an alcoholic for a father. Your father is someone you should look up to, not look at in pity! Alcohol doesn't just affect the alcoholic, it affects the lives of the people around him/her, who want to help, but just can't convince the alcoholic that there is a better life to be had without alcohol. I think I have my mothers strength and common sense, (Although I hardly knew her) because I gave up drinking several years ago. Its no good for you, it just blocks out clear thinking and doesn't really solve anything. Things are okay now. IMO, I think that society is falling apart to a degree. Maybe its the view of a 32 something who sees his childhood slipping away... I don't know. I do believe that this have-it-now attitude and keeping up with the Jones, is wrong wrong wrong! I have no debts, and I try and teach young people who I know how to avoid debt, because it is truly destructive. But you know, when I was a kid, I didn't worry about social issues or suchlike. Todays teenagers don't really care about house prices and fiat economies, they are just having fun. I hope the market adjusts back to trend so that these kids have a chance to get a roof over their heads without a huge burden of debt. Take care VT
  7. Estate agent details on the property This is the first 'reduced' sign I've seen in a long time. £84,995 is 'about right' in this current economic bubble, I wonder how much the first asking price was? I suspect just over £90,000 which franky is ridiculous for this type of property, as is £84,995... According to nethouseprices, the last house in that street went for £30,000 in Oct 2000, and thats the price I remember them going for back then. Bear in mind (excuse the pun ) that this is in a nice quiet Welsh valley village, hence the low prices. VT
  8. BBC link to HIPS Home seller's pack trial starts Home Information Packs will become mandatory in June 2007 A trial of new home information packs (HIPs) is starting in six locations around England. The packs will become a part of the home-buying process, with the seller having any searches done before putting a property on the market. Southampton, Newcastle, Northampton, Bath, Huddersfield and Cambridge are the six test areas - sellers will not have to pay for the packs. But it is expected that HIPs will become mandatory in June 2007. The HIPs for England and Wales will shift the emphasis from the buyer to the seller to collate information about a property before it is sold. The packs will include: Evidence of title Copies of planning, listed building or building regulations consents A local search Guarantees for any work on the property An energy performance certificate. Stephen Hayter, a chartered surveyor and sales director of a conveyancing firm, said: "It's a major change. It takes the emphasis away from the buyer and makes sure the seller puts information up front. "Many sellers and buyers do appreciate seeing information early in the process rather than too late." The government has set aside £4m to be used during the trial, to encourage sellers to take up voluntary packs. In July, Housing Minister Yvette Cooper announced that the controversial home condition report element of the HIPs needed further testing and would not come into force in June 2007. Splinta, a group opposing the introduction of HIPs, has questioned the objectivity and validity of the trials, despite government assurances. I wonder if this could adversely affect the property market next year with a glut of properties being sold prior to June, then a lull afterwards? VT
  9. Nah, I haven't seen it, and life is fantastic at the moment. Its just I am flabbergasted by how the british public can allow themselves to get into SO MUCH DEBT! Its scary!
  10. Well... I've been watching this site for three years, and I still will not buy a house for myself to live in because I think that we will have another crash / correction just like the last two on the first page of this site. Why do I think this.... Because we now have over a trillion of debt, so people are well and truly at the mercy of the banks. All they have to do is raise the interest rates and make an absolute killing. And theres nothing much that the masses can do about it. This will lower house prices because of the end of cheap credit. The business cycle is nothing more than a 'pumped' economy fuelled by cheap credit and the idea that personal debt is okay. (Rather than actually saving for it - perish the thought!). The 1929 crash then depression was caused by the US banks calling in the loans that fuelled the roaring twenties, I believe. Don't think they won't do it again! And when the economy recovers and the next upward cycle begins, the youngsters of today will be the FTBers and debt acumilaters of tomorrow, and they won't remember or care about the last crash. And they will think also, that debt is ok, house prices only go up... etc My 2 cents.. ( Based on one of PG's earlier posts )
  11. Is it me, or does anyone else here think the one on the left is a transvestite? Seem like our asian friend is in for a shock later!
  12. Great thread!!! What gets me, is the kind of mentality has been allowed to develop in the minds of the finacially stupid. They think there's a difference between a loan and a debt! For example.... The ad that says "Debt busting loans". Its like as if a loan is not a debt because you're managing to pay it back. But its a debt when its out of control and you've borrowed to the hilt! No, sorry... a debt is a debt regardless of whether you can pay it back or not. Debt bustings loans... thats the most contradictory effing thing I ever heard! And I agree that the adverts are carefully crafted to sell to the ignorant TV consuming masses. Who have about as much financial disipline as a child with a bag of sweets. They just consume debt like a greedy child, because they can, and because "Life is for living...".. Bloody Vorderman!! I used to fancy her too..
  13. Very good point there muttley. So if people get the impression the prices are falling, they will put in even lower offers and the sellers will cut theyre losses because their cacking themselves at the falling market. Interestingly... around here an interest only mortgage on a decent 3 bedroom house is around £300 a month, whereas to rent costs around £400. (I am in a South Wales Valley). Of course, in most other places it still makes sense to rent until the market is back to some kind of sanity!
  14. So there were shares type shows and newspaper columns back in dot com days... I never knew that. Reminds me of loadsamoney, the Harry Enfield character. So maybe, when the crap hits the fan, people are overloaded to the hilt with debt, interest rates rise and the MEW is all spent.. maybe then sentiment will change and the crash will begin. And property will be the new post dot com woes of the media and BTL burnt investors. Hopefully then, things will return to normal... until the next cycle that is.
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