Sledgehead Posted September 25, 2004 Share Posted September 25, 2004 House prices falling faster nationwide, TimesOnline, 25th Sep 2004 Quote Link to comment Share on other sites More sharing options...
Frank Mason Posted September 25, 2004 Share Posted September 25, 2004 Get in there my son...... Cripes, the home counties will be choking on their croissants this morning! Onwards and downwards. Quote Link to comment Share on other sites More sharing options...
Ali G Posted September 25, 2004 Share Posted September 25, 2004 Just another snippet that will make the BTL barmy-army tremble in their boots. It is being served up on a daily basis. It's all self-fulfilling when it is in the papers every day. You can fool all of the people for some of the time etc, etc.. People are starting to realise that house prices are simply too high. Quote Link to comment Share on other sites More sharing options...
Boom'n'Bust Posted September 25, 2004 Share Posted September 25, 2004 well, we did warn everyone! Quote Link to comment Share on other sites More sharing options...
Dicky Posted September 25, 2004 Share Posted September 25, 2004 Get in there my son......Cripes, the home counties will be choking on their croissants this morning! Onwards and downwards. <{POST_SNAPBACK}> Most Times readers will have prepared for this one, its the Express bunch that will be choking on their egg and sausage butties. Quote Link to comment Share on other sites More sharing options...
BBB Posted September 25, 2004 Share Posted September 25, 2004 you might wonder why i'm laughing ? SLEDGE has changed his original wording of this post to make it sound more ominous and threat full .(like WHHHHHOOOOAAAAA now i'm really scared) we just want you to report the news please, there really is no need to hype it up, you're just as bad as the mail one other thing SLEDGE i'd love to know what your motives were for wanting a crash?(which you obviously do, otherwise you wouldnt have gone out of your way to 're-sensationalise' your wording) i'm sure you really fancy yourself as a landlord? whats up the SM not paying well these days? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 25, 2004 Share Posted September 25, 2004 People are starting to realise that house prices are simply too high. I love the above. It reminds me of Ricky Gervais talking about a man who weighs 50 stone and is worried about being overweight. Gervais commented "..at what point did he think he was fat!?" "Oh, I'm only 30 stone - that's okay then!" I cannot believe that The Times writer here was prepared 500K for a house which the owner admitted he had bought for 180K just 18 months earlier. From today's Times: http://www.timesonline.co.uk/article/0,,2-1278530,00.html Quote Link to comment Share on other sites More sharing options...
Big_Bad_Bear Posted September 25, 2004 Share Posted September 25, 2004    you might wonder why i'm laughing ? SLEDGE has changed his original wording of this post to make it sound more ominous and threat full .(like WHHHHHOOOOAAAAA now i'm really scared) we just want you to report the news please, there really is no need to hype it up, you're just as bad as the mail       one other thing SLEDGE i'd love to know what your motives were for wanting a crash?(which you obviously do, otherwise you wouldnt have gone out of your way to 're-sensationalise' your wording) i'm sure you really fancy yourself as a landlord? whats up the SM not paying well these days? <{POST_SNAPBACK}> What's wrong with wanting to be a landlord? I wouldn't mind but at the moment I am barred from the market by lunatics who are prepared to lose their wedge. Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted September 25, 2004 Share Posted September 25, 2004 http://www.timesonline.co.uk/article/0,,2-1278530,00.html This is worth a read Quote Link to comment Share on other sites More sharing options...
zzg113 Posted September 25, 2004 Share Posted September 25, 2004 landlords are scum. No wonder there are no names or details in the above Times article. That woman needs locking up. She's out of her tiny imbecilic little mind. What a ****. Quote Link to comment Share on other sites More sharing options...
Time to raise the rents. Posted September 25, 2004 Share Posted September 25, 2004 Unable to read due to the subscription lock-out for OS ISP's. Anyone have time to copy & paste the story? Much appreciated if you do - I'll be your web buddy for a day. Quote Link to comment Share on other sites More sharing options...
land_raver Posted September 25, 2004 Share Posted September 25, 2004 'In three weeks, value fell £15,000' By Anna Jamieson SIX months ago, dreams of a small farm with enough acres to run, a few sheep and a tractor looked within our grasp. After a weekend’s house-hunting in Leicestershire, my boyfriend and I happened upon a charming Georgian-style house, a stone’s throw from the Brecon Beacons in Mid-Wales. With daffodils lining the drive and the sun glinting on the hills, it was perfect. The £500,000 asking price was well beyond our means, but the vendor was not prepared to budge. But he let it be known that he had bought the property for £180,000 less than 18 months earlier. Within two months, my three-bedroomed house in Brixton, South London, had been sold to a neighbour. She paid far less than the asking price, but I agreed for the sake of a quick sale without agency fees. Within days, Mervyn King, the Governor of the Bank of England, said that “the chances of falls in house prices are greater than they wereâ€. After steep gains in recent months, he said that prices were “now at levels which are well above what most people would regard as sustainable in the longer termâ€. Days later, my neighbour told me the sale was off. It was too risky, she said. I returned to the estate agent, Hamptons, to put my house on the market. The value had dropped by £15,000 in three weeks and up to £25,000 at other agents. The few offers I received come to nought. In Wales, our vendor now felt that in spite of the hefty profit he would make, he had undersold. He said he wanted another £100,000 on top of our earlier offer. That was on Thursday, the day that the International Monetary Fund gave warning of an imminent housing market crash. This time we pulled out. Quote Link to comment Share on other sites More sharing options...
Bullish Bear Posted September 25, 2004 Share Posted September 25, 2004 Hometrack also reported that the number of would-be buyers registering with agents dropped for a third month, fewer new sales were agreed, the time taken to sell a house was lengthening and sellers were securing a falling proportion of their asking price. LOL Quote Link to comment Share on other sites More sharing options...
Bullish Bear Posted September 25, 2004 Share Posted September 25, 2004 But what would happen if the governement inflate the debt away like they did in the 70s? Eeek! Quote Link to comment Share on other sites More sharing options...
Bullish Bear Posted September 25, 2004 Share Posted September 25, 2004 Both Hometrack and Ernst & Young backed the Bank’s view that the likeliest result is a long period of stagnant or slightly falling prices rather than a crash. “We see the market bumping along a new plateau. We see no evidence pointing to a housing crash,†Mr Wriglesworth said. http://www.debtadvicebureau.org.uk/news/03...ices-jump.shtml According to Hometrack’s economist John Wrigglesworth, "The housing market is heading for new heights. There is no doubt that the year is finishing with new house price highs". Quote Link to comment Share on other sites More sharing options...
Elvis-Has-Sold-The-Building Posted September 25, 2004 Share Posted September 25, 2004 "We see the market bumping along a new plateau. We see no evidence pointing to a housing crash," Mr Wriglesworth said. "bumping along a new plateau", another daft Wriglesworth classic. Doesn't he know things usually bump along the bottom! Quote Link to comment Share on other sites More sharing options...
zoid Posted September 25, 2004 Share Posted September 25, 2004 An extract from a piece written by Andrew Oswald I read on this site Click here Momentum has driven the market up, and as sentiment changes and we get more headlines momentum will start to turn and drive the market down.... Quote Link to comment Share on other sites More sharing options...
STR@2%GY Posted September 27, 2004 Share Posted September 27, 2004 On housepricechat there is a nice history of press coverage of the property market from 1988-1996, mainly from The Times and Sunday Times. http://www.angeltowns.com/members/housepri...t_articles.html A few selected headlines from 1998.... The Times SAT 05 MAR 1988 House prices increase by 16.9 percent The Times SAT 24 SEP 1988 Jitters on house prices;Fall on the way, say the experts The Times SAT 05 NOV 1988 House prices crumble Quote Link to comment Share on other sites More sharing options...
zzg113 Posted September 27, 2004 Share Posted September 27, 2004 you know, I can't see any similarity between those stories and the situation we have now. Nope. It's all different this time. Not. Quote Link to comment Share on other sites More sharing options...
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