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House Price Crash Forum


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Everything posted by cakehead

  1. I'm always amused by the idea of 'an insulting offer'. An insult would be a rationalisation of why the offer was the price it was, which is none of the vendor's business, not the offer itself which is the buyer's best guess at a current value. Houses are very personal things. When we sold our last place we had viewers walking in and saying 'we won't waste your time any further' and leaving to others saying 'wow, this is fantastic'. An offer is a reflection of how much the buyer wants the place, balanced with national and local financial conditions. Insults have nothing to do with it.
  2. Someone yesterday (I can't find the damn thread) described HPC as a millennial cult for rationalists. Is this a trivialisation of the position or has economics become the new druidry? Is renting the new dropping out? Are poster's seeking an economic blank page, a new financial Jerusalem or a simple realignment of income multiples and a continuation of society as it was?
  3. I'm surprised half the number of houses have sold compared to 2007. Assumed it was about 1/5th.
  4. I have to agree having had a similar discussion with someone in 2003. Such a drop is entirely possible but it'll be a meltdown that won't isolate housing stock prices and will wipe out owner and non-owner alike. The last thing anyone would want to do with a 1/3 drop is enter the housing market.
  5. No they aren't. Manhattan is overcrowded and one of the most desirable districts on the planet. If 60m people spread out across the country we're screwed. What you really mean is you're not prepared to live near the place that pays you. Easy, don't work there, or campaign for sustainable apartments near by.
  6. On the contrary, there should be more building, but not on green belt. As for Britain being 15% built on, if you exclude flood plains, upland and coastal areas and active agricultural land you'll probably find it's nearer 50%. An absurd figure for a small country. If it wasn't for conservation organisation and it has to be said, large landowners, the UK would be covered in building by now. Then the 'wealth creators' would tire of it and move somewhere else leaving their shit behind them. The cities have more than enough space to accommodate everyone who needs the work.
  7. They have the choice, the choice not to build in someone else's back garden or stay near work. A house has one function, to provide shelter. When it isn't performing that job it's a waste of resources. Why should someone be allowed to own two properties without big financial penalties? It's depriving the local community of a property for people to live in, ramping up prices miles from places of work, creating hideous ghost towns and villages or blighting the English landscape. You want to take city money and have a country lifestyle, you pay through the nose for it.
  8. London is still a low rise city but the wealth creators (sic) don't want flats, they want to scuttle off back to whatever bit of green sward the railways allow them to plant their tasteless piles on. Doesn't work, can't work. Build new, build high, build plenty but above all build close to work or do the decent thing and buy a static caravan and a field and feed yourself. Britain was ruined by speculative sprawl between the wars, the last thing it needs is more concrete.
  9. A posthumous knighthood for Ian Nairn I say: http://www.guardian.co.uk/artanddesign/2010/may/15/architecture-ian-nairn?intcmp=239
  10. Pave over Surrey, Kent and Sussex, Cheshire, North Yorkshire and anywhere else near work so people can have a nice 4 bed detached? Greater London is massive. If you want metropolis wages you live near the work. I've nothing against quality urban high rise for the worker bees. I don't believe they should buy up or build on Norfolk, the Peak District or the West Country because they toil in front of a laptop shifting numbers all day. That's where the free market takes you.
  11. There is enough vacant property in this country to home everyone who needs one without laying another brick.
  12. I don't know if she was evil, she certainly enjoyed the company of evil people. Your second point has the ruthless logic of a free-marketeer, didn't Ireland new build on greenfield sites for all they were worth? Turned out lack of houses wasn't the problem after all.
  13. Christmas is a blast. Just don't go anywhere near a shop and you'll be fine.
  14. Austerity Christmases have been the norm in our house for years. A bottle of Talisker, ten quid presents, home made wreaths, a good sing song and all that. Damn good fun. Our wealthier relatives have suggested it's a good job for the economy everyone doesn't think like us.
  15. Socialism hasn't had a look in for years, certainly not since '97 when the word was virtually banned in case the city took umbrage. Whatever you want to call it, the way to avoid current excesses is a sense of group responsibility, domestically made products, infrastructure that works for its people (not to pay a dividend) and a political party that is prepared to say a cohesive society costs money in the form of taxes. It won't arrive until economies break down and the country is virtually on a war footing, when it'll suddenly all make sense again. Globalisation is a busted flush.
  16. In the case of gas isn't it piped via Ukraine? Whatever, it's part of the tendency away from domestic manufacture and food production towards import and franchising out. I believe we'll come full circle on these things, probably from dire necessity. Even if you don't believe in socialism, the unfettered market that privatised national infrastructure like railways is pure ideology. Even Thatcher thought flogging BR was a bridge too far. Any pretence to increased efficiency has been at huge public expense.
  17. But they're not owned by the state to be run for the benefit of its citizens, or by the original British shareholders who could hold those companies to account for their service. They've been gathered in by global capital who, given a sufficient monopoly, can charge the UK consumer what it likes and be subject to whatever political upheaval the supply chain undergoes.
  18. Then she should have chosen her words - and her friends - more carefully. The fact remains that Thatcher was a monetarist who though the market should be left to sort itself out. It did. Houses cost a lottery win but mobile phones can be bought from the change in your trouser turn ups. Socialism wasn't invented to show that people are fundamentally good but to keep them from being stupid. It doesn't work that well but the alternative is the banking porkers we have now.
  19. Thatcher's legacy will be that she threw out the baby with the bath water. She performed mucky jobs like curbing the worst excesses of union power but had no Plan B for the communities she destroyed. She allowed long term council tenants to buy their houses, but sold them for a pittance and had no scheme for replacing them, thus putting hundreds of thousands if not millions in the competitive private sector. She blew north sea oil and gas money on paying the dole, flogged off utilities to enfranchise users - or make punters a few hundred quid - before they were gobbled up by foreign owners. She deregulated the financial sector. The single act of short termism that can't be laid her door was rail privatisation. For that we can thank John Major. Margaret Thatcher, in finest corner shop fashion, knew the price of everything and the value of now't. She was an ideologue and a visionary, and like all such people, essentially barking mad with only the remotest sense of human consequence.
  20. It isn't a misquote, she talked in the same phrase about there being 'individual men and women..' etc. Thatcher promoted the cult of the individual at the expense of the community. Greed is good, you are what you earn, the Englishman's home is his castle and all that 1980s stuff which lead directly to BTL portfolios was core Thatcherism. It certainly wasn't the patrician values of a Heath or an Eden.
  21. The saying 'when you sup with the devil take a long spoon' could not have been more apt for British interests of the period. Step forward the ghost of General Augusto Pinochet.
  22. Exactly. The quickest way to cure the housing market is to lose interest in it. While ever it's on the agenda there is potential for people to second guess its volatility.
  23. I quite agree. Unfortunately house prices became a topic of conversation in the late 80s and the Beeb would say they're reporting a matter of consumer interest. Yet another reason why I stopped watching TV years ago.
  24. The truth is rampers ( I hate the term VI, everyone's a VI) got used to wasting column inches and air time on price increases, and now have space to fill. To be factual they should say 'nothin' happening' but that isn't news, so we've got the same space filled with what might happen or should happen. 24 hour news-a-like.
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