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House Price Crash Forum


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Everything posted by cakehead

  1. I used the example because it's one I'm familiar with. The house was valued at a quarter of a mill, over valued IMO, in the late 80s peak. By the time we rented in '91 it would have been almost impossible to achieve that price, so we'll say £170k tops for the sake of argument. The house would have peaked out, given local examples (I no longer live in the region) in 2007 around £460k and looking at examples other people gave on here this week, £11-1300pcm rent is consistent with a house valued at £350,00, give or take. Therefore the current rent in unsurprising, though the percentage house value is less than average. The house was in an attractive rural hamlet in which properties almost never came onto the open market, most being the property of local landowners. Such properties tended to rise disproportionately in the 80s boom and took years for confidence to recover, perhaps only matching the '88 theoretical asking price by say, 2002. It's yet another example of the error of talking about the housing market when in fact Britain is and was, a mass of micro markets which conform to trends unevenly. edit: to emphasise the incongruity of the market, in late 88 I bought a property at the peak for 20k and sold it in the '91 trough for just over 30k, with the addition of some modest council grant work. The last house I owned went up x5 between '99 and 2010, again with some modest improvements. A house bought in 97 I sold for exactly the same price two years later, a deficit if you factor in EA and other costs. OTOH a property bought when a change of job looked immanent - and subsequently fell through - increased from 54k to 80k in a month with the addition of a good clean and a new kitchen. Such is the madness of housing.
  2. Well if you insist on my anecdote is more meaningful than your anecdote, here's one. From early '91 to early '97 I rented a house that had recently been valued at £250k. By the end of the tenancy we were paying £350pcm, at the beginning a little over 300, I can't remember the exact figure. Although the house was never sold and the original owners still have it, similar properties are now selling for something around 400k. The rent when I last checked was £1400pcm. I'd say that was expensive when wages haven't risen in line with rents. Good luck with your cheap rent BTW.
  3. New labour was not a left wing project, it was about keeping the city on side, something which political parties seem to believe is essential for national wellbeing. The Thatcherite press in the 80s had made socialism a dirty word, yet by '97 the tory party was so bent and inept a well turned out shop mannequin would have enjoyed a landslide. There were few left wingers in the party in '97, by the time Blair left there were almost none. There is no difference between the mainstream parties, except perhaps the libdems who don't know if they're further left than Old Labour or a branch of the Monday Club.
  4. The point is Blair presented the country with one nation conservative policies when the Tory party had degenerated into Aitken/Porter/Archer/Hamilton corruption. There was no electable left wing party. Thatcherism was the viral code for all future party politics, the DNA for electable government. Arguing about the merits of Cameron or Blair or Clegg is like debating the difference between chocolate or honey coco pops.
  5. She was supported in key constituencies which gave her a mandate to do what she wanted. By the same token why are you moaning about Blair/Brown whose policies were backed repeatedly by voters of this Great Country of Ours? Thatcher was largely responsible for the post-political world we find ourselves in, the one where it doesn't matter who you vote for because it'll be more of the same.
  6. That's polemic, not debate. A rhetorical bitch slap untroubled by the problems of rationalism.
  7. If you've ever been down a pit you'll know what utter tosh that is. Thatcher was an ideologue and a chancer whose financial husbandry lead directly to HPC Britain.
  8. She resided in a Dulwich secure unit when she was kicked out of politics.
  9. The point is gated communities never really existed until Thatcherism made them essential. Blair realised the country was hooked on Me Too and gave us what we wanted. Conviction politicians like Foot (or even God help her, Anne Widdecombe) would forever be cast as second spear carrier because they talked about belief and values, which Thatcher had shown the nation weren't essential for financial good health.
  10. Thatcher said there was no such thing as society. She was wrong. Her view was of a monetarist, individualistic, narcissistic Britain, a view that was almost unknown until she and Keith Joseph made it mainstream. It was most apt that she retired to a gated community. Nutty as a squirrel.
  11. I'd rather have artex like icing sugar, purple walls with a badly rendered Che Guevara, than the scented candle lit bedlam Kirsty High-Heels gets moist over. At least someone cared enough to make their mark and didn't dress the room like a stage set.
  12. One of the greatest disservices house shows did for domestic dwellings was to promote a bland visual hegemony, a universal tasselled functionalism that could offend no-one, except anyone with the slightest aesthetic sensibility. Homes should be a palimpsest of life, not a whiteboard to be rubbed out every three years for a similarly inoffensive vision. Personalised houses need time spent of course, which is contrary to the ladder of aspiration such television programmes sell.
  13. No. If you don't believe they are no amount of cut and pastes from me will convince you otherwise. On the second point if a vendor can't sell a house for the price he wants but a tenant is willing to cover his mortgage payments, renting a second place for him/herself seems the lesser evil. As I noted previously, competitive rents are generally the preserve of urban singletons and dinkys with. Families looking for family sized houses, especially in rural areas, don't have anything like the same choice and rents are, at least from my searches, high, relative to any mortgage except a mid-noughties one.
  14. Call me a tedious old Trot, but there was a sense of societal integration in the 70s, at least if you were white. My FiL is a self made man, to use a quaint euphemism, but his parents were communists and my wife's folks hid all their gadgets when his ma and pa came round. Hypocritical yes, but there was still a vestige of shame about conspicuous consumption that was swept away in the 80s. Now most people positively flaunt their acquisitions, which leads inevitably to the largest purchase of all, the house, being a fetish object. So far as I can see capitalism has provided a ready supply of small, computerised, overseas goods that are obsolete as soon as they're advertised and a sense of mutual loathing and contempt.
  15. There seems to be a trend currently for couples to say we're having a quiet wedding in the South Pacific or wherever and expect guests to get themselves there. Bugga that. Send a helicopter and I might consider it.
  16. 60s - outdoor bog, no heat, cold tap. 70s - mass factory closures 80s - mass pit closures. Welcome to my world. Cue violins and Monty Python by gum sketch. I seem to have missed the boom years.
  17. Most people in the south east believe they are in outer London. The reality is you could live in, say, the Vale of Belvoir, as splendid a bit of middle England as you can imagine and be at Kings X in 55 minutes. It used to take me an hour and a half to get into the West End from Battersea on a No 19. They'd rather be Where It's At (some poncey winebar in SW1) than having a life.
  18. We had a crate of brown ale, a few bottles of champers, a round of sandwiches and some rather nice puddings the in-laws made. They wanted a full Wedding Barbie job with long cars and relatives shipped in from around the globe, I wanted a dozen guests. I won. We're still happily married twenty years after we met. The success of a marriage is inversely proportional to the size of the wedding, IME.
  19. I agree, from what I remember of her programmes in the days I still watched telly, she was a fount of good sense in a desert of stupidity. The girl has sweated her assets and who can blame her? Shoot the producer and pity the chumps who thought they could do the same without Beeny's nous..
  20. I wouldn't go that far. Er, yeah I would. People are getting what they voted for, a different same lot to last time but with nicer vowels.
  21. The Good Life was always boIIox. Metrocentric wish fulfilment with posh totty. Grow your own without the cold and shyte of a Welsh hillside, all handily placed for the train station to town. G and T anyone?
  22. You'll find tories have some form making such remarks. All he needs to do is keep the cost of servicing mortgage debt down for a few years while convincing everyone they're happy in their current gaff and Young will have pulled off the coup of selling stagnation as the new boom.
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