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House Price Crash Forum


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Everything posted by strbear

  1. Sorry I went all Eric for a second there! Enjoy SB
  2. Saw this advert in the on-line telegraph; someone with some entrepreneurial spirit - not one of us is it???? Regards SB
  3. I am a fan of this man - there is always a light hearted look at life in this world that has become far too serious. Read the rest and have a smile at http://property.timesonline.co.uk/tol/life...icle4242934.ece Enjoy SB Edited to include 2nd quote!
  4. I know it won't happen and by this afternoon it will have risen but everyone else has had a go at a Black [insert day of choice here] I thought I would have a go! Enjoy SB Edited as I can't spell!
  5. My nephew is an EA in a South East chain of EAs - Q1 turnover down 95%, yes 95% - what future is there? Sell up / close down, wait 4 years and re-open thats my advice. Regards SB
  6. Just in from the Times http://business.timesonline.co.uk/tol/busi...icle4219957.ece Well all the mortgage resets will be fine then . . . . . Rgds SB
  7. Excellent - my favourite so far. Respect - SB
  8. Dare I say they'll be more interested in contracts, "Cristal" and something to "assist" the evening pass by - perhaps by inhalation through the nose. All that said SM is one hell of a place to hang out - just take your Prius, it will get you anywhere. SB
  9. Hi TMT, We're looking to buy out in LA (hence all my posts about it!). Unfortunately Santa Monica is a bit like Knightsbridge, its always been very expensive and whilst it has stopped climbing it hasn't started really falling yet (sure there are some foreclosures but as a % its having a smaller impact). You can see lots more details on SM prices by reading Peter Villes blog in the LA Times http://latimesblogs.latimes.com/laland/2008/06/index.html - his wife wants to live in SM and he says they can't afford it! Another good source of info is http://westside-bubble.blogspot.com. Most of the luvvies live in Pacific Palisades (just North of SM), in SM north of Montana or in the hills. Oh and they have a heatwave at the moment - why aren't I there? Keep smiling SB
  10. Coming to an area near you soon, no really, it will. . . . . . . . . . . . . . . . http://latimesblogs.latimes.com/laland/200...ar-over-ye.html Enjoy SB
  11. Its only a matter of time till these figures are from the UK . . . . http://www.latimes.com/business/la-fi-home...0,2766175.story Sleep tight & dream SB
  12. Had a look at houseprices.co.uk for the original property in this thread. It was bought for £500K in April 06 - initially they were trying to double the price and are now settling for a 50% uplift. Maybe thats why (if they had a reasoanble deposit) they can afford to rent it for so little - the other option of course is that thats all it will rent for in the North East market? Regards SB
  13. Did you guess $10Bn - if not you were wrong! $10Bn - that puts this in some perspective. And when they come to be re-sold 97% do not sell !!!!!!! From the LA Times http://latimesblogs.latimes.com/laland/?tr...ealestate-blogs Makes you think, Regards SB
  14. Lepista, If you are moving from elsewhere you will be pleasantly surprised by the traffic which means a reasonable commute (under an hour) makes even Harrogate possible. Obviously if petrol / diesel is at £2 per gallon or you have strong green credentials then you may not wish to consider this. Personally the North York Moors are favourite - Pickering / Whitby are all pleasant enough, you could try Ripon with some lovely villages nearby or head to the North and try Newcastle - a great place to live. Good luck, you won't regret it. Regards SB
  15. See more at http://business.timesonline.co.uk/tol/busi...icle4101110.ece This is all unwinding pretty quickly! Enjoy SB
  16. Small article in the FT - Banks have approved corporate loans for $6 Trillion that have yet to be taken - and with rights issues & other equity deals becoming more difficult they think that corporates are going to start taking them. And the banks can't say no!!!!!!! Make your own mind up - article at http://www.ft.com/cms/s/0/a3a0f0ba-3650-11...00779fd2ac.html Regards SB
  17. Details of all their Part-ex stock is at http://www.persimmonhomes.com/partx.aspx Regards SB
  18. http://www.ft.com/cms/s/0/a0c4461e-3617-11...00779fd2ac.html And they are one of the banks "unaffected" by the credit crisis! Enjoy the day SB
  19. I await the day Chris from Bagshot says It won't be long now - have a nice day, Regards SB
  20. As ever the countrywide number doesn't show the whole picture - large chunks of the US are down far more than 14% whilst others down far less Regards SB
  21. From LA Times linky So is 50% the magic number when demand equals supply? Enjoy the sunshine SB
  22. Intersting comment - I've been following the prices of cars like these waiting for a bargain - on autotrader there is an 04 Continental GT with 24,000 miles for £40K - thats about £18K pa (out of taxed income) depreciation! I'm waiting for a £40K AM Vanquish but thats getting closer week by week too! Enjoy SB
  23. News from the LA Times - it appears that the "immune" top end market ($1M plus) is now starting to feel the same pain as the low end. These are the prime LA / Orange County areas similar to Kensington Things are different this time - no really they are - they are going to be much worse! http://www.latimes.com/business/la-fi-home...0,4081478.story Enjoy the day, its nice and sunny up here regards SB
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