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House Price Crash Forum


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About StuB

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  1. As repossessions are not included in the figures i can only conclude that repossessions have gone through the roof/floor?? In my opinion we are 3/4 of the way between "Bull Trap" and "Return to Normal". Please see graph.. http://www.housepricecrash.co.uk/graphs-bubble-lifecycle.php
  2. We Bull Trap anyone??? http://www.housepricecrash.co.uk/graphs-bubble-lifecycle.php
  3. Yeah and those have been 'sold' for the last 4 years? Joke blokes.
  4. According to this article.. http://news.bbc.co.uk/1/hi/business/7824338.stm ....The Bank of England's data does not yet reflect any reductions triggered by its one and half percentage point cut in December, nor last week's half a percentage point cut, which took the Bank Rate down to just 1.5%.... So why oh why did they cut rates again so quickly? Surely the sensible thing should be to wait and see what effects the cuts have before cutting again?
  5. We went to visit EA recently, told them all we would be offering nowhere near asking price. There was a house originally on for £295k, they had reduced it to offers over £250k, around 15% the EA told me, i said so basically by how much they have fallen. They have recently increased the price to £280k and interestingly the EA thought it might be of interest. Wife asked why they had increased it and EA said they didn't know and the vendors were a bit unrealistic but would accept offers around £250k. Wife said that was still too much. I think sellers ignore the price falling news (or anything bad) but jump on the bandwagon when there are reports of buyers coming back to the market (or anything good).... however disillusion they are.
  6. I noticed this as well, i find it hard to believe. I have been noting the prices since February, November and December dropped of significantly. I don't think the estate agents and rightmove like Property Snake (for some reason :-). In the early days it would link to the property on rightmove but they didn't like it and made Property Snake remove the link. I'd publish the prices if i could get the formatting to look right.
  7. "We can't solve problems by using the same kind of thinking we used when we created them."--Albert Einstein
  8. Yes, the person who caused the mess should clean it up? Like Blair helping to start the Iraq war then becoming a peace envoy...!!! I'll be round to break all your windows tomorrow....... did i mention i have some windows for sale....
  9. You knows it!! Probably already cut saving rates in "preparation". I bet the banks are laughing at gordo's.. sorry BoE rate cuts.
  10. Heard you swearing, mind if i join in? boob crap boob....
  11. Will BTL qualify as a small business and hence qualify for gordo's cheap loans he is trying to make the banks pass on?
  12. Yep, and judging by his conviction in the speech he made i think even he believed it. But then he did have his 250k London flat in the back of his mind, the one he gave to his wife and is now worth 700k......
  13. What i'd like to know is if they used interest rates to control inflation (which i used to think that's what they were for) what rates would we have now to reduce inflation back to 2%? We certainly wouldn't be cutting interest rates the day before inflation rose from 4.7% to 5.2%, even if 'someone' said inflation would fall or stabilise (and it didn't).
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