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Guest KingCharles1st

Uk's Biggest Landlord Witholds Dividend- Expect 20% Drops By End 2010

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Guest KingCharles1st

Who in their right mind is going to jump back in at the moment- and I would fully espect these people to know what is going on-

Grainger

UK homeowners should still brace for a potential fall of about 20 percent in value by end-2010, even as the slump in house prices slows, indicative data from the housing derivatives market showed on Monday.

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Haven't we already 'done' 20%? Another twenty to go!

Sweet.

Just got back from a viewing. Cottage needing a LOT of work in a VERY picturesque area of Wiltshire.

Its effectively 2 cottages knocked into one.

Jobs need doing:

Complete repointing of old stonework

Replacing all windows and frames (hopefully double glazing if they will allow)

Replacing Guttering

Woodworm treatment throught

Damp treatment, removal of all plaster and replastering with traditional lime plaster in the whole ground floor.

all floorboards up

Possible Oak structural beam replacement.

rewire whole house

replumb whole house

New Bathrooms

New Kitchen

replace plasterboard throught house

repair 2Xchimney Flues

redecorate.

Was chatting to the EA girl who to be honest was very friendly and a nice girl (although she tried to blag it, mentioning that someone had put an offer in yesterday, my ****! :lol: ) was on for 225, mentioned that the new price was 200...

Laughed? I nearly sh*t!!!!

these were going for 170 in 2001, Am about 50/50 whether to take it on and put an offer at 150-160...

what you all think?

http://www.rightmove.co.uk/property-for-sa...y-21680014.html

Edited by mbga9pgf

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Hmm. These guys have a really interesting business model. Quite clever actually. They buy places with regulated tenants and then hold until they die, when they can sell out at normal market prices.

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I was wondering what 'the derivatives market' was currently indicating for UK house prices - it was indicating falls in excess of 40% earlier in the year - so I guess this means it still is. Is it based on the Halifax data - anyone know ?

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I was wondering what 'the derivatives market' was currently indicating for UK house prices - it was indicating falls in excess of 40% earlier in the year - so I guess this means it still is. Is it based on the Halifax data - anyone know ?

IGindex is currently indicating 154, dont know when the reference started though so difficult to tell?

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