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wheelie

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About wheelie

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  1. I remember the following thread where the OP made me laugh out loud. http://www.housepricecrash.co.uk/forum/ind...c=75792&hl= I've never been a fan of Pesto; I just can't take him seriously with those long pauses and stretched vowels. His reports are okay to give you the basic gist but I hardly look to him for economic insight. He's just a reporter after all, not a guru...
  2. Renting a nice property in a nice area for a year or two seems like a no-brainer... Then buy the same property as the one you have offered on for a fraction of the price. I agree a house shouldn't be looked at purely in investment terms, but surely if you have the chance to improve your standard of living by biding your time, that's common sense. It's all about personal choices though I guess. Good luck with it...
  3. Hey Monty, Interested if you have had any luck completing or if you have finally thrown in towel at this stage? Hope its working out... Wheelie
  4. lol. I think the same every time I hear one of his 'exclusives'. I just want to slap him.
  5. Funny you should bring this up... I called my energy company today as my £50/month combined elec / gas bill just went up to £107/month. Apparently this to cover the our gas usage which was higher than they estimated. We only have a 2 bed terrace but the house is quite drafty and the bolier / thermostat / timer are all old and inefficient. I guess STR has some drawbacks...
  6. http://www.rightmove.co.uk/pdf/p/hpi/House...thMarch2008.pdf
  7. I'm currently STR in Teddington. Back in June last year, a two bed Victorian terrace in the same road we are renting in sold for 510,000; I recently saw the land reg figure for the sale of another very similar property further down the road, that had been a rental property and it went for 470,000. That for me is good evidence that prices are just on the turn. Give it another year and prices will hopefully be much more sensible - I mean half a mil for a 2 bed terrace...!
  8. Hehe, check out the comments at the bottom: --- I'd be surprised... I work at a large bank in the city and know of at least two colleagues who are selling their flats and moving into rented accommodation in anticipation of a significant fall in central London prices. Indeed, prices have now become so inflated that I know of few 'city boys' who can afford to buy. The combined incomes of myself (working in private equity) and my girlfriend (a management consultant) are insufficient to buy a one-bedroomed flat in my area. I recently met with my bank's housing market analysts. They indicated that they expect prices to fall by c.15% over the next 12 months, but are unwilling to publish forecasts more negative than minus 5% for fear of losing credibility with the media, who seem institutionally attached to indefinite house price gains. Rest assured that within our financial planning models we use the minus 15% figure. Ian, London,
  9. ftalphaville live chat today highlighted a note from John Fraser-Andrews from HSBC. Very bearish stuff: "We now rate all the stocks in our coverage universe Underweight. We downgrade Land Securities (target price: 1,565p, from 1,850p), Brixton (target price: 275p, from 425p) and SEGRO (target price: 450p, from 580p) from Overweight, and Hammerson (target price: 765p, from 1,230p) and British Land (target price: 945p, from 1,160p) from Neutral. We reiterate our Underweight on Liberty International (target price: 750p, from 960p). We publish a detailed thematic report today looking at the prospects for the UK commercial property market. We conclude that that the market is in the midst of a 25 - 35% correction and more importantly that structural changes to the rental market will lead to longer term sub inflation growth. At times of falling NAV’s we look for other valuations yardsticks aside potential corporate activity, to support share prices. On our analysis much of the development programs the companies are undergoing do not meet the cost of capital and are therefore value destructive. With no support from NAV valuations (which we also lower based on recently disclosed yield data and changes to rental growth assumptions) or our new cash flow based valuation methodology we are turning sellers of all the stocks under our coverage, after the useful bounce we have seen in the stocks so far this year. We do not think that the so called “vulture funds†have enough firepower to stop the rot, accounting for only 2% of the available investable property stock anyway. We are forecasting further falls of between 19% (Land Secs) to 29% (Hammerson) in NAV’s on our new forecasts, and have cut NAV forecasts for 08/09 by between 8% for Land Secs to 21% for Hammerson. Our target prices work out to a 15% discount to trough NAV and at this level, the sector still only looks fair value. We shall be releasing an interactive model to allow investors to use their own assumptions in our DCF calculations, including varying the cost of capital (and what beta should be used) and longer term rental growth assumptions. The sector has proved a subprime free safe haven so far this year, and beneficiary of lower interest rates, but we argue you should not get caught in the value trap, and should look at yield comparisons (both shares vs the equity market, and property yields in the UK re other places in the World). UK REITs do not stack up that well."
  10. Thanks for posting. I'll check them all out.
  11. I wondered if anyone could make some book recommendations for someome interested in learning about financial markets with a view to trading in future. I've just read Welcome to my Trading Room by Alexander Elder which I found interesting and useful. Off the back of this book I am looking to learn more specifically about equities trading, techncial analysis and trading stratgies professionals use in the UK Thanks for any pointers. Wheelie. ps Posted this in the Investment forum area but it's deathly quiet there....
  12. I wondered if anyone could make some book recommendations for someome interested in learning about financial markets with a view to trading in future. I've just read Welcome to my Trading Room by Alexander Elder which I found interesting and useful. Off the back of this book I am looking to learn more specifically about equities trading, techncial analysis and trading stratgies professionals use in the UK. Thanks for any pointers. Wheelie.
  13. Reloading this page makes 14 http requests (one is a favicon), 8 of which are for ads. a.fubra.com is very slow responding. With all these people on the site, obviously making someone a nice living....
  14. http://www.bloomberg.com/apps/news?pid=206...&refer=home U.S. Payrolls Rose 110,000 in September; Jobless Rate at 4.7% By Joe Richter Oct. 5 (Bloomberg) -- U.S. employment accelerated in September and revised figures for August showed an unexpected gain, easing concern the economy was headed toward recession. Payrolls grew by 110,000 after an 89,000 increase in August, the Labor Department said today in Washington. Revisions added 118,000 workers to payroll figures previously reported for July and August. More jobs and rising wages will help consumers weather falling home values, sustaining the spending that accounts for more than two-thirds of the economy. The report may raise speculation that Federal Reserve policy makers won't need to lower interest rates again later this month. --- Interesting to see how this plays out later. Dow hits new highs?
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