Jump to content
House Price Crash Forum
gruffydd

Clients Becoming Very Nervy.

Recommended Posts

As you might know, I work with lots of clients in many different sectors - tourism, retail, prof services, etc. After a slight pick up in sentiment over the last 2 months, many of my clients are suddenly becoming very nervy. Anybody else seeing this? I think it's finally hitting home that the economy is undergoing a severe structural readjustment and we're not going to return to the old days anytime soon, or perhaps ever...

Seeing some mad spending on Web 2.0 marketing - as if that will transform success levels overnight :blink: .

The start of the Desperation phase.

Edited by gruffydd

Share this post


Link to post
Share on other sites
As you might know, I work with lots of clients in many different sectors - tourism, retail, prof services, etc. After a slight pick up in sentiment over the last 2 months, many of my clients are suddenly becoming very nervy. Anybody else seeing this? I think it's finally hitting home that the economy is undergoing a severe structural readjustment and we're not going to return to the old days anytime soon, or perhaps ever...

Seeing some mad spending on Web 2.0 - as if that will transform success levels :blink: .

Yep.

Me too (work with a number of clients across a number of sectors: Housing Assocs, Councils, Manufacturing, Retail, Buisness Services, Construction, etc etc).

No green shoots, (but there hasn't been since sentiment turned around 12/14 months ago).

Share this post


Link to post
Share on other sites
Yep.

Me too (work with a number of clients across a number of sectors: Housing Assocs, Councils, Manufacturing, Retail, Buisness Services, Construction, etc etc).

No green shoots, (but there hasn't been since sentiment turned around 12/14 months ago).

+1 agree same mix as you guys but literally in last week have spoken to 2 clients who had done pretty well the first half have said it all stopped about 4 weeks ago in the sales pipeline.

One is a £40 million biz with 34% market share and the bank won't extend O/D beyond £350k without taking equity, un heard of on a company that size - very strange is it a new CC?

Edited by Greg Bowman

Share this post


Link to post
Share on other sites

My stupid sister is trying to by a house......now! she already has one but does,nt like the parking. She can't sell it as it is worth less than she has ploughed onto it, so she is renting it out and buying another to live in that suits her>

I have warned her that the economy is about to flatline then collapse( I know a bit doomsdayish ).

I told her I was right that houseprices would collapse and she agreed I was right then!

I told her many times about unemployment to rocket, etc,etc....

She works at the council ( unsafe ), he works in opencast coal extraction ( possibly unsafe due to green issues in the future) but no she is pressing ahead!

The best one she came out with was that mortgages are now cheap to service and the govt won't put them up as it would bugger to many people!

sometimes I Feckin Despair!

Edited by brassed off brit

Share this post


Link to post
Share on other sites
I know possibly the wrong thread for a rant!

providing it does not involve reducing your inheritance then perhaps ou should not trouble yourself unduly

But I'll raise it.

My brother and cousins (2) on my mum's side ALL bought houses at the peak, using substantial parental deposit funds of 10s of thousands. Not only that, but one of the cousins was upsizing after having bought first place (and survived negative equity rather painfully) at the peak of the last!

rant rant rant...

Share this post


Link to post
Share on other sites

dropped off a cliff July.

have to keep checking the phone is connected.

Share this post


Link to post
Share on other sites

No drop off here. This will be my third week working without a day off. Looking forward to a day free next Sunday.

Mind you it will all change when they start cutting our wages. :(

Share this post


Link to post
Share on other sites
As you might know, I work with lots of clients in many different sectors - tourism, retail, prof services, etc. After a slight pick up in sentiment over the last 2 months, many of my clients are suddenly becoming very nervy. Anybody else seeing this? I think it's finally hitting home that the economy is undergoing a severe structural readjustment and we're not going to return to the old days anytime soon, or perhaps ever...

Seeing some mad spending on Web 2.0 marketing - as if that will transform success levels overnight :blink: .

The start of the Desperation phase.

Work in construction, bricklayer.

Not working myself but i'm hearing people are someone in Swindon on a Persimmion site reckons every plot sold and more being started. Others got work untill xmas, many not working still but some on ringing around are getting the message things are picking up and about to kick off so ring back.

Share this post


Link to post
Share on other sites
No drop off here. This will be my third week working without a day off. Looking forward to a day free next Sunday.

Mind you it will all change when they start cutting our wages. :(

The Motor Trade has been brisk all year.To date I am ahead of 2008 by around 10%.It's hard finding stock,but once you have it selling is easy.I know new car dealers are still up against it but in used it's still hot.Anything with less than a £3k price tag is barely parked up before it is sold.Buyers are not even put off by things like mileage.I bought a 53 plate Toyota Yaris off a private seller Sat pm - 125k on the clock - sold it an hour ago to an 18 year old just passed her test.The car is lovely,pretty bright metallic blue and I reckon has another 100k in it.I think she has a bargain for two grand.

Share this post


Link to post
Share on other sites
As you might know, I work with lots of clients in many different sectors - tourism, retail, prof services, etc. After a slight pick up in sentiment over the last 2 months, many of my clients are suddenly becoming very nervy. Anybody else seeing this? I think it's finally hitting home that the economy is undergoing a severe structural readjustment and we're not going to return to the old days anytime soon, or perhaps ever...

Seeing some mad spending on Web 2.0 marketing - as if that will transform success levels overnight :blink: .

The start of the Desperation phase.

I have a lot of dealings with web/advertising clients and there had been some crazy money spent in web advertising in the last 2-3 months but the last few weeks have been very quiet. A big campaign I had been dealing with was all set to start and has gone a bit quiet (keeps being delayed) and ultimately I think it won't go ahead.

I think the advertising industry will be hit very hard and I am just glad I am well prepared and have my fingers in a few different pies!

It's all quite simple really, companies are reducing their budgets and tightening their belts.

Share this post


Link to post
Share on other sites
Work in construction, bricklayer.

Not working myself but i'm hearing people are someone in Swindon on a Persimmion site reckons every plot sold and more being started. Others got work untill xmas, many not working still but some on ringing around are getting the message things are picking up and about to kick off so ring back.

This suprises me - I live in Swindon and have seen big drops in property prices over the last 12 months. Last June, 2 bed flat = £120K. Now? 2 bed house could be bought for £90-95K, much less in the not so nice areas. New builds haven't dropped in price and I don't know a single person who would consider buying one.

Friend bought a new build in Dec 07, interest only mortgage, now is in NE.

Have tracked many houses not selling for months on Right Move. Local radio is flooded with ads for new build developements and the 'incentives' being offered by the builders (match your 5% deposit, pay your utility bills, 30% interest free loan, free furniture etc etc), although to be fair, not Persimmon.

I wonder if this means I should buy before it's too late? :lol:

Share this post


Link to post
Share on other sites
dropped off a cliff July.

have to keep checking the phone is connected.

Reminds me of the joke about a man who tips over the edge of a cliff, falling to his doom. As he’s falling he manages to grab onto a tree about 15 feet down, growing out from the side of the cliff. The man is hanging there and he looks down and sees this 200 foot drop below him, but he knows he’s only 15 feet from the top of cliff. Looking up he cries out for help, “Is there anybody up there?â€

Much to his surprise he is heard. A Voice replies which can only be that of the Lord , “Let… go...â€

The man looks down at the 200 foot drop, and then looking up once more, cries out, “Is there anybody else up there?â€

Has anyone else seen this lovely property bubble bursting..?

bubble.jpg

Share this post


Link to post
Share on other sites
The Motor Trade has been brisk all year.To date I am ahead of 2008 by around 10%.It's hard finding stock,but once you have it selling is easy.I know new car dealers are still up against it but in used it's still hot.Anything with less than a £3k price tag is barely parked up before it is sold.Buyers are not even put off by things like mileage.I bought a 53 plate Toyota Yaris off a private seller Sat pm - 125k on the clock - sold it an hour ago to an 18 year old just passed her test.The car is lovely,pretty bright metallic blue and I reckon has another 100k in it.I think she has a bargain for two grand.

Used cars should do well for a few more months, a bit of musical chairs going on atm and people spending cash in the range you are talking about. I sold 2 cars in Feb this year and bought just the one big family car, first car in my life I could sell for substantially more 6 months after buying (negotiate to 8.7K some are trying for 14K now but I would go for 12k as more likely). Think the firming of the used car market is a blip caused by current supply shortages due to the knock on effect of people not buying a new car and trading in the old, also many lease companies/owners did not want to release stock on a suppressed market last year.

When people start rationalising their cars due to loss of work or are forced to cut their lease even at a loss then I think the second hand car market will end up back where it was tail end of last year.

Share this post


Link to post
Share on other sites
Used cars should do well for a few more months, a bit of musical chairs going on atm and people spending cash in the range you are talking about. I sold 2 cars in Feb this year and bought just the one big family car, first car in my life I could sell for substantially more 6 months after buying (negotiate to 8.7K some are trying for 14K now but I would go for 12k as more likely). Think the firming of the used car market is a blip caused by current supply shortages due to the knock on effect of people not buying a new car and trading in the old, also many lease companies/owners did not want to release stock on a suppressed market last year.

When people start rationalising their cars due to loss of work or are forced to cut their lease even at a loss then I think the second hand car market will end up back where it was tail end of last year.

Agree entirely isn't it similiar to the property spring bounce? but more fun because it's cars.... Now about that Cadillac 58 Bel Air - what's everyone's favourite classic car.......sorry :P

Share this post


Link to post
Share on other sites
Agree entirely isn't it similiar to the property spring bounce? but more fun because it's cars.... Now about that Cadillac 58 Bel Air - what's everyone's favourite classic car.......sorry :P

Yes I think so and is why markets never falls a straight line. The return to normal phase as we are experiencing now in houses, cars and many other markets it just how they respond after a mega bubble they have just been through starts the process of collapsing.

Share this post


Link to post
Share on other sites
The Motor Trade has been brisk all year.To date I am ahead of 2008 by around 10%.It's hard finding stock,but once you have it selling is easy.I know new car dealers are still up against it but in used it's still hot.Anything with less than a £3k price tag is barely parked up before it is sold.Buyers are not even put off by things like mileage.I bought a 53 plate Toyota Yaris off a private seller Sat pm - 125k on the clock - sold it an hour ago to an 18 year old just passed her test.The car is lovely,pretty bright metallic blue and I reckon has another 100k in it.I think she has a bargain for two grand.

I put my 05 Boxster up for sale last week, not a sausage (apart from the usual canvassing). Reduced the price last night but still waiting. Its a lovely example if your interested!

Share this post


Link to post
Share on other sites
A large % of my income comes from Google ads on websites. Having expanded a fair bit since last year takings are way up. BUT they were around 100% up in April / May - now I'd say that has slipped back to around 50%.

Google ads for what?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   287 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.