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House Price Crash Forum


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Everything posted by halip66

  1. I rent a 4 bed detatched house just outside Padstow for £470 pcm with sea views, 5 minutes from the beach. Ours is a bit scruffy but similar houses in the village go for around 500k. Our landlord bought pre boom, sadly he died 2 years ago & it has been in probate ever since with no sign of it getting resolved. Now paying rent to his wife.
  2. http://www.hbosplc.com/economy/NationalPressRelease.asp
  3. Been a lurker here for years so hello to everyone & thanks for all the entertainment & time wasting opportunities you have given me. In return here's a post.. From watching the property market for about the last 10 years the only things I have seen effect prices are IR & sentiment. Can't really comment on what IRs are going to do but something clicked recently in my head on the subject of sentiment. Which I think may go some way to explaining what’s going on at the moment. Just been reading a post on the C4 forum about the rightmove figures for this month it said something like "this is the only year in the past 2 where it is widely believed that a crash will not occur". What has become obvious to me is, we, on this forum, don't share the same sentiment about property as 90% of the rest of the country. This is highlighted by the regular arguments with family & friends about house prices dropping etc.. If as the article says over the last 2 years there has been a fear about a HPC & this has now largely gone away for the general public, or for some of them at least, then this represents a fairly major shift in sentiment towards the positive. Although I would think most people still have nagging doubts in the backs of their minds about a crash. I have been trying to explain away the recent upturn to myself & this is the only reason I can come up with. That because houses haven't crashed over the last 2 years then they wont crash this year so buy now suckers before it's too late... Hence it's boom time again.. As has been said on this forum many times a HPC takes years to come about, it's not a 50% drop in one month thing but that seems to be the perception of most people (including me until I started coming here.) Last years monthly price drops won’t be seen as anything to worry about by the majority of people. So a few people who can afford it (there can't be many of them left) will get sucked in & buy at the wrong/worst time & come the spring/summer we will be back to stagnation. Except this time without all the people who couldn't make their minds up whether there was going to be a crash or not. Leading to a much worse period of stagnation/falls than last year.....and so on and so so....
  4. Can I ask (seeing as we have a lot of IT pros here)... We have a home network set up between our 2 PCs running XP. Internet connection is shared directly through the main PC (my one). When my partner posts would it still register as the same IP address or 2 slightly different ones? Thanks in advance. It will register as the same IP.
  5. Hi there Moved down here 2.5 years ago these places were £140,000, they are ex council, ok it's Padstow but I wouldn't of thought you could rent this out to tourists. I'm renting & staying renting for now. http://www.rightmove.co.uk/viewdetails-497...pa_n=1&tr_t=buy
  6. This is incidentially the general trait of many left wing governments anywhere in the world. North sea oil--Margaret Thatcher??
  7. They all get winter lets in the holiday cottages, get kicked out at easter & then camp on campsites for the summer. This isn't just people coming down for the summer to work it's the actual cornish people who are from the villages.
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