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House Price Crash Forum

Belfast Boy

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Everything posted by Belfast Boy

  1. Money does not buy you happiness, but it sure helps. Buying a house at the wrong time costs a lot more money. I bought a house at the right time. I still remember having little money to spend and not being very happy about it. I currently don't own a house and I've never been happier.
  2. Well it was 2007, but I don't remember any deposit being paid. Maybe contract exchange and completion happened at the same time. I just remember being relieved when the money was in my account.
  3. That's not what I was told when I sold my house.
  4. ... I'm always looking for that one. This is a useful link also - https://www.propertypal.com/price-tracker NISRA - https://www.finance-ni.gov.uk/publications/ni-house-price-index-statistical-reports > NI House Price Index detailed statistics Quarter 4 2019 > Contents > Table 9: NI Average Sale Prices All Properties Q1 2005 - Q4 2019 Here is an updated link to the Nationwide data going back to 1973 - https://www.nationwide.co.uk/about/house-price-index/download-data#xtab:regional-quarterly-series-all-properties-data-available-from-1973-onwards
  5. You may also find this link useful - https://www.propertypal.com/price-tracker It only starts in 2005.
  6. Rateable value is just an indication of the 2005 and 2013 price. And possibly 2023 prices. Before the market bottoms in 2025 at 2002 prices.
  7. That is where you can find out what it previously sold for.
  8. You wanted to know what the price would have been in 20012/13. It would have been roughly £110,000 at the bottom.
  9. House prices fell from 2008 to 2013 - back to 2005 price levels. The rateable values were calculated in 2005. So it is an indication of what the house price was in 2013. To find out previous prices for the property - Joe Devola said - "You have to go down to their offices beside BT tower and pay £5 per property search. It's an eye opener. I've seen examples over over 50% drops logged pre and post crash. Eye watering sums of money lost."
  10. They bottomed out at roughly 2005 prices. That was when rateable values were set. You can also do search on the property to see what the previous selling prices were. For a small fee.
  11. Rateable value was set in 2005. Here is the link - https://lpsni.gov.uk/vListDCV/search.asp?submit=form You can pull out of the transaction at any stage until the money has been transferred from your solicitor to the vendors solicitor. The ball is literally in your court until then. Don't be rushed, it is a big decision and a lot of money.
  12. I was thinking I should change my name to Belfast Bear. If you go down to the woods today...
  13. I though that property prices should have fallen further than they did from 2008 to 2013. After all, they went up 3 times in just 10 years. It will be fascinating to see if prices correct further this time. There are people still waiting for prices to return to normal i.e. 2007. That was a bubble. That was not normal. One of the things you can use to estimate 'affordability' is rateable value. That is roughly where prices bottomed last time.
  14. The market stalled in the middle of 2007. Prices didn't fall much that year, but volumes collapsed . Then in 2008 prices started falling the way they went up. They were going up by 15-20% a quarter. That reversed in 2008. Most of the falls happened in the first 18 months. Then a gradual decline for 3 years. I have a questions for you - do you think house prices will go up in the next year? Or do you think they will start crashing? I think you mentioned unemployment in one of your posts. Unemployment started falling at the end of 2012. Just as house prices started rising. What do you think is going to happen to unemployment over the next few years? My opinion is that the economy has had a heart attack and the government is pumping in as much of the debt drug as it can to keep the patient alive, but there is a cliff ahead. House prices... Full disclosure - I don't own a house and I am an economy and property bear. DYOR Good luck. You are going to need it.
  15. I am occasionally exposed to the reporting that happens in the Republic of Ireland. It is refreshing to see journalist and people in general being supportive of their government and country. The majority of the UK journalist reporting appears extremely divisive. The UK reporting appears designed to influence the sheeple and not just to inform them. Of course, Ireland hasn't had a government for over 4 months - https://www.rte.ie/news/2020/0605/1145777-government-formation/ I remember finding this website 13 years ago. I was quite naïve back then. I would post links to media articles and always found the comments here were far more informative than the articles. Has this website lost that ability to inform? There are several, very active members who are obviously pushing their own personal agenda while mobbing and decrying the opinions of other members. Maybe it was always so, but now I am less naïve. However, I do wonder did Brexit polarize the HPC community as it did the rest of the country. The discussions certainly seem far more politicised than I remember.
  16. You're a sewer voyeur? As your president would say, that's nasty.
  17. No, someone else posted the Cathy Newman interview. I said the analysis on it is fascinating. Are you Laura Kuenssberg or Cathy Newman?
  18. Many journalist are using this method - not just the Laura Kuenssberg interview I witnessed. The video MARTINX9 posted is an interesting example. They may as well go, "I will now tell people what I wanted you to say."
  19. Fascinating analysis of the interview... Now I'll be watching out for journalists using this method to misrepresent answers.
  20. The original answers were clear. It was a blatant attempt to put a spin on the answers. Like I said, journalists are trying to make the news not just report the news.
  21. Watched the BBC political editor Laura Kuenssbery interview someone. Sorry can't remember the specific interview. After every answer she said, "Are you saying this...?" And twisted the original answer. It was obvious they were not saying what she wanted them to say.
  22. The mainstream press seem so biased these days. Always trying to twist stories to suit their agenda. Journalist asking, "Are you saying this...?" Trying to make the news not just report the news. People pushing agendas are everywhere these days.
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