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House Price Crash Forum


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About PompeyVin

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  1. Did the Xmas food shop yesterday and decided to buy the veggies from the market (Chelmsford if any one is interested) 4 big plastic bags full of produce I could check out before hand, no acres of shrinkwrap and crap everywhere, stall holder happy to sell me half of one of the giant red cabbages and cut it to size for me, with friendly service and advice, and all for under £8, reckon it would have cost nearly twice that in the supermarket BUT I then had to cart it back across town to where the car was parked (no trolley to just past the front door), I had to shop separately for the meat (no duck at the butchers next to the veg stall), and find somewhere else for the booze, had to pay in cash so had to do an extra trip to the cashpoint as most things just go straight on the (debit) card for convenience. No problem if I had the time to do this week in week out, but just calling round to Asda gets everything done in half the time.
  2. Wonder why am I stuck with this in my head now? Kind of sums up the lot of them
  3. Glitch in the system? Sure I saw it down 10400 too, but now showing daily low at 10744
  4. Wait for the US to open, if they are as down as I think they could be, watch the FTSE drop below 5000, and then who knows how low we'll go. BTW, I'm not ITK or anything, just a hunch
  5. Once house pries for an average house (Large terrace/small semi) are well below 3x +1 of mine and the wifes salary, and we are in a position to put down well over 10% deposit Would expect this to be at least 33% off peak nominal prices, nearer to 50% real If forced to put a date on it I would say 2010/11, but will be prepared to act if things change at a different rate
  6. Think it is already a case of anything half decent is being held on to. Mrs PV and me have been out looking to buy something in cash over the past few weeks as don;t see the point in having £ks sat on the drive depreciating when its only a weekend car we need. Seems to be a lot of 97-2000 motors on the road in decent enough condition, but no-one is selling. Anything we have seen of that age for under £2k online turn out to be rustbuckets when we go and see them, We want to buy from a dealer to get some level of warantee in case anything goes wrong. There does however seem to be a hell of a lot of (overpiced) 3-4 year old cars that dealers keep trynig to sell us. My feeling is that the newer cars are being sold off as there is still some cash to made for overstretched sellers, but the old cars aren;t worth selling off as they won't fetch enough to cover this months bills/shopping/mortgage payment. Anyone got any suggestions as to where to try decent condition ten year old cars at a sensible price? I'm 6'4, agree totally. One dealer tried to sell us a Citroen Saxo at the weekend, may as well have sat on the back seat by the time I'd got comfortable. Was actually quite surprised by the 04 Fiesta though, managed to fit in comfortably.
  7. On top of my usual ranting at LLL, this really got my goat last night. How did C4 think it was appropriate for a presenter, who is an adviser to the opposition party, to be petitioning the chancellor on a flagship programme? This is supposed to be an 'Entertainment' (questionable to say the least) show, not a party political broadcast. The fact that the policy they were suggesting was ******** was just the icing on the cake!
  8. "My octogenarian neighbour bought her semi-detached house in the 1930s for £3,000. It's now valued at almost £5m, but she scrapes by on a state pension" How obscenely ridiculously stupid is that? However old and however many years of memories in the house, surely the old woman would move out and actually be able to live her last years in some level of comfort and dignity. The state pension wouldn;t even pay to heat that (must be at least 5 beds even in Hampstead). That is, of course, assuming that it isn;t just made up.
  9. Had vowed not to do Oxford St this year, but ended up going last night as everything had been left to the last minute as usual. It was still chavvy hell (with the usual slow witted idiots in the way everywhere), however a quick visit to Marks', Superdrug, Boots, Debenhams, John Lewis & House of Fraser, along with a few others, was managed in less than 1 1/2 hours, easy to walk between stores, no need to dart between the aisles to get between departments, and no more than 5 minutes queueing at any of these. Told the missus it showed just how slow sales are going this year, and the R word making the headlines this morning just confirms it.
  10. Already an issue that the pubs are battling against, constantly having the local landlords complaining about this in Camden http://www.thepublican.com/story.asp?secti...e=56919&c=1 Scotland intervention - a step too far? 12 September, 2007 The Scottish Justice Minister is to take action in the off-trade News that Scotland is to clampdown on alcohol drinks promotions was greeted with a cheer from licensees across the country. Finally someone is taking action against the supermarkets and off-licences, which are selling cut-price alcohol, a practice many believe is encouraging people to binge-drink. Hopes were being raised that the action in Scotland could find itself permeating across the whole country, with the off-trade facing tough new regulations. Intervention welcome? But it also raises another more important and concerning issue. Should we really be cheering government intervention of any kind in the drinks industry? Scottish Justice Secretary Kenny McAskill made it clear that he wants action to end the fact that alcohol is knocked back as quickly and cheaply as possible. He believes taking action will stem domestic violence, random assaults and loutish behaviour. He told delegates at the Alcohol Focus Scotland Licensing Conference in Aviemore recently that “doing nothing is not an option”. McAskill believes that the new Scottish Licensing Act will have a key role in tackling alcohol-related disorder and, in particular, in targeting underage drinkers. The intention is to take on the culture of drinking which is causing many of the problems. “We are not prohibitionist, and we are proud of our whiskies and beers. But we need to tackle the booze culture,” he explained. “The positioning of alcohol is not about making it easier for the shopper. It’s about tempting the shopper to buy, and to buy more. “Alcohol is a drug. A legal one, and one to be enjoyed. But it must be sold as such, and not as just another commodity.” The proposed reforms Under the proposals, supermarkets and convenience stores will be required to have a dedicated area for the display of alcohol to help start to shift attitudes. McAskill not only stated action would be taken against the placement of alcohol but in the way it is priced and promoted. In particular, he is concerned about ‘front-loading’ – where people consume large amounts of alcohol at home before they head out to the pub. “Is it any wonder that people frontload when a pint at home can cost 43p compared to the £2.50 a pint when they get to the pub?” he asked. The move in Scotland has been welcomed by many in the trade. Tony Payne, chief executive of the Federation of Licensed Victuallers’ Associations, believes that more action should be taken and is keen that the rest of the UK to follow Scotland’s lead. He said: “The way the off-trade has been behaving it has been forced to take action. The supermarket situation has gotten out of hand. “I think supermarkets should sell alcohol in areas separately within the store. The supermarkets’ national advertising of alcohol is a rat race which encourages people to overstock. “Alcohol should be stored in one area of the store and not on lots of aisles. Pubs have to carry out responsible retailing, and so should the supermarkets.” Paul Waterson, chief executive of the Scottish Licensed Trade Association (SLTA), agrees – although he thinks that there should be a distinction made between convenience stories, off-licences and supermarkets. The SLTA wants larger premises such as supermarkets to be targeted more heavily. The next target? While publicans cheered the news that this will end the irresponsible promotions, McAskill has made it clear his next target is the price of alcohol. As well as opening up a huge debate and a raft of legal pitfalls, including breaking competition law – what it does do is kick-start intervention into the drinks trade. He said: “I won’t pretend that taking tough action on pricing will be easy, but here is a wealth of evidence and opinion that says that pricing and availability are the keys to unlocking the barriers that are in the way of culture change.” So should we be encouraging government intervention into the drinks trade at any level? Mark Hastings, communications director of the British Beer & Pub Association, has welcomed the fact that supermarkets have been part of the debate though he is cautious about the government getting involved further. “There are clear dangers in what the minister says in the Scottish Executive’s intent to intervene in the pricing of alcohol and eradicate all promotions,” he said. “Let’s not pretend that what is proposed will not have a wide-ranging impact on the whole of the sector.” More intervention, he argues, will mean less flexibility for operators and for the market as a whole. It also looks like hopes that the Competition Commission may intervene and make some rulings on alcohol pricing could be dashed. Reports claim that the 16-month inquiry into the groceries market, led by commission chairman Peter Freeman, will rule out a ban when it publishes a report into claims that supermarkets’ pricing decisions are putting smaller shops out of business. If we greet this intervention as good news where will it end? For a start, no more simple pie and a pint promotions in pubs as the promotion of food and alcohol together would be banned under the Scottish proposals. The issue of supermarket alcohol pricing is one that provokes outrage from the pub trade and licensees, and it is one that is going to continue to run and run. We will have to wait and see what impact the Scottish regulations have and whether or not intervention is a blessing or a curse. What the Scottish Executive is proposing The Scottish government wants to see a ban on deals such as: Three for the price of two £10 cases of beer being sold at £20 for three 12 bottles of wine for the price of 10 24 cans will need to cost the same as buying 24 individual cans Cross merchandising, such as • Beer beside barbeque charcoal • Wine in the pizza counter • Gin and tonic in the chiller cabinet alongside lunchtime sandwiches
  11. Didn't think I could do it justice with an explanation, hence asking if anyone could scan it in. Would have done it myself only I left my copy on the train. Definitely some worried looking faces of people when they saw it I reckon
  12. Is anyone able to scan the Cartoon page from the Metro this morning? I'm sure it must have been drawn by a HPC'er While most of the press are still talking about stagnant prices, its strange that a cartoon should acknowledge definite drops, wonder how long they've had it sat waiting for the best time to publich it?
  13. More up to date, and for those of you who prefer Britpop/Indie, Bret Andersons album this year contains this warning against consumer debt culture: Brett Anderson - The More We Possess, The Less Own Of Ourselves Baby thought she really needed that sofa Baby thought she really wanted that dress Baby thought she really had to have two cars Baby thought she really had to say yes But the more she possessed, The more she'd slide into debt And the more she possessed The less she owned of herself Baby thought she really needed that hairstyle Baby thought she really had to say yes Baby really needed acres of carpets Thought she'd be happy if she had larger breasts Everybody said you can't live without them Everybody said you have to say yes So Baby spent her everything on this lifestyle But it's a lifestyle that doesn't exist And the more she possessed The more she'd slide into debt And the more she possessed The less she owned of herself Yes, the more we possess The more we are in debt And the more we possess The less we own of ourselves
  14. Cmon Sky and the Beeb, wheres the annualised figures based on this like we have with the rises? Lets see, annualised at over 6% of drops = £11,000, so will we see "house prices losing over half of the average wage" instead of earning money faster than their owners? No, thought not.
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