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House Price Crash Forum


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Everything posted by strbear

  1. Well to be honest I don't have any other friends or social life so I hope its not too soon or I'll be lonely! My guess is when the bottom of the cycle happens we'll all have a 3 year year break and then start up again! SB
  2. Full article at http://business.timesonline.co.uk/tol/busi...icle3962126.ece Enjoy SB
  3. TMT At the risk of bringing you down from your high - technically it was at £570K and still is apart from a brief window when the vendor/agent had a moment of doubt - not that I want to shatter you whilst you're on a roll. I do admit however that you have a remarkable ability to spot the homes of Krusty followers making six bedrooms into two threes and a flat into a detached SB
  4. TMT THATS INCREDIBLE! Now you can sleep soundly - hope I've helped, Regards SB
  5. Hi I've posted on here a few times about the withdrawal of Home Equity Lines of Credit - basically cash advances made by the lender secured on the value of the house. We'll whilst in the past there has been some cutting back on these (and the associated problems of people having to repay them on the spot) Washington Mutual has gone all the way and cut $6Bn worth in one go!!!!!!!! I think this will have a major impact on US consumer spending and force even more in to foreclosure - your thoughts please? Read the article at http://latimesblogs.latimes.com/laland/2008/05/6-billion-in-cu.html ://http://latimesblogs.latimes.com/lal...ion-in-cu.html Regards SB
  6. Read more at http://business.timesonline.co.uk/tol/busi...icle3944254.ece I think we're starting to sink . . . . . . . Regards SB
  7. Covers SE London, Surrey, Kent and Sussex SB
  8. My nephew is an EA (you can't chose family!) and works for a 35 office chain of EA's in the South East. Figures for Q1 - Turnover down 90!!!!!! % - result - redundancies and 5 office closures with more expected. Enjoy SB
  9. Thats makes it best part of 35% to 50% drops - Wonder when the UK press will realise what happens there happens here too. Sleep tight SB
  10. My guess on last weeks poll was about right then - good news for all as this will surely push sentiment over the edge. A good day for us - just watch the guest visitors to the site increase yet again! And where is Krusty's hat? Enjoy SB
  11. Hi All, Interesting chat with a colleague today - bought a flat for £100K from the bank for his son to live in - his friend paid £179,950 in August last year for an identical flat in the same block Question - The right thing to do or still not reasonable? Regards SB
  12. Of course its different this time and the economy is strong so house prices won't crash - just like in California! http://www.latimes.com/news/local/la-me-ge...51.story?page=1 Enjoy, Regards SB
  13. I sometime wonder if this is really going to get a lot worse than we all imagine? http://latimesblogs.latimes.com/laland/200...oming-tida.html Sleep tight SB
  14. http://latimesblogs.latimes.com/laland/200...-of-the-da.html Coming to a road near you soon, Enjoy the day, Regards SB
  15. Its 11:00 till 20:00 hours - try a glass of Oenothèque from Dom Pérignon - Fionnula is worth it! Enjoy SB
  16. http://latimesblogs.latimes.com/laland/200...ornia-fo-1.html Enjoy SB
  17. In this Time's article it looks like Merv accepts house prices need to fall and this isn't designed to prop them up at all I think the impact on the mortgage market will be little to none. http://business.timesonline.co.uk/tol/busi...icle3789615.ece Regards SB
  18. In this Time's article it looks like Merv accepts house prices need to fall and this isn't designed to prop them up at all I think the impact on the mortgage market will be little to none. http://business.timesonline.co.uk/tol/busi...icle3789615.ece Regards SB
  19. You couldn't make it up if you tried! But with foreclosures up 75% this year they have to do something - surely Jinglemail is easier than this? http://www.latimes.com/business/la-fi-arso...1,4460977.story Enjoy the rest of the day, Regards SB
  20. http://latimesblogs.latimes.com/laland/200...ing-prices.html Njoy, SB
  21. And it looks like they are taking it out on customers too - this is from the LA Times http://latimesblogs.latimes.com/laland/ Regards SB
  22. Ah, to get back to the original question, I think I may be able to explain. One of the South American countries that produces 30+ % of the worlds beef has just had a major health scam exposed and the number of abatoirs has gone from 200 to 3 about 2 months ago = supply down 30% worldwide hence prices going through the roof and likely to stay there. Regards SB
  23. From the Sunday Times . . . http://business.timesonline.co.uk/tol/busi...icle3671568.ece Sleep tight! SB
  24. In Today's LA Times http://latimesblogs.latimes.com/laland/ Of course the banks don't have to accept but to me its an indicator that 50% drops are going to be possible. Comments? And if that's not enough, the MLS for LA now shows a 21.6% drop since the peak in April 06 - see the same URL for more details. And if you think I'm too LA centric - what about Las Vegas - See more on this at http://www.latimes.com/business/la-fi-vega...0,3236506.story Regards SB
  25. Perhaps the concept of paying more to get good talent is being exposed for the sham it is? http://latimesblogs.latimes.com/laland/200...rsity-in-c.html Enjoy SB
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