Honest News From The World Of Estate Agency.

[Guest uberstuka]

Cut and paste from another forum:

For what its worth I work with houses all the time, many houses in my area were selling in a matter of days to weeks, now its months to quarter months.

However its difficult to predict the future outcome as there are two scenarios.

Scenario one is the FTB, as mentiond they are in scant supply, a lack of means the bottom priced properties aren't selling, therefore the bottom to middle market and middle to top market have no fluidity, therefore a general slow down. If the FTB sits tight a supply and demand economical fact will automatically lower the price - yep, your doing the right thing and if others stuck to their guns the prices would fall. Remember the economic rule A PRICE IS ONLY A PRICE IF THE BUYER IS PREPARED TO MEET THE SELLERS DEMAND, IF HE DOSN'T THE 'PRICE' JUST DOSN'T MEAN ANYTHING.

Second problem howver is pensions, due to the lack of interest/trust many new landlords are springing up all over the place. Whilst there is a desctinct lack of FTB's there is certainly no shortage of new landlords all happy to invest in property as a long term venture. Generally these people are in it for the long haul and may not be so bothered by price fluctuation - UNLESS Rental demand drops off. This is more unlikely though the tenant does have a lot more choice in this now over saturated market, a lot of these landlords havn't brought these houses outight and so therefore have a mortgage to service, he may have to think twice if he can't get any tenants due to increased competition. At this point there could be a flood of properties available because rental yield is less than mortage payments.

Conclusion

AS an FTB your doing the right thing, save money and wait and see. Anyone who has a mortage at the moment is best advised to pay as much off there mortgage as they can whilst the interest rates are low. If we move in to a recession which i'm sure in the uK we are and things get tough in the future then you may be able to bring down your mortgage payments because of the extra you've put in. The law of economics say that prices will fall.

More and more people are driving nice cars if you've noticed, many of my customers have suddenly 'got rich', mainly from equity withdrawal, sheer stupidity and false economics in my opinion.

The banks are already quoting a higher repossesion rate, just wait until the bargains come along, the banks create this situation just so they can reap the rewards off idiot customers.

I mssed out in cheap property in the late 80's but this time i'm ready for a crash, bring it on

_________________

[rockdoctor]

It occurs to me that where one of my mates got himself a bargain porsche after the 80's crash, from a down-and-out City wideboy, I might be able to pick up a plasma for a couple of quid when the chickens come home to roost.

[CrashIsUnderWay]

Was out for a drink last nite in notting Hill, and the local suddenly filled up with scummy Foxtons estate agents. It was easy to spot them - £40 tescos suits, 'chamfered' haircuts and kipper ties.

The were loud, obnoxious, and kept trying to bum ciggies from my mate. At one point, one of them tried to nick his mobile fone.

Unfriggin believeable. You'd think the good old days were back - not just a crappy quarter point cut. Interesting tho that the 'champagne' days are behind them - it was cooking lager all round.

[Guest uberstuka]

It occurs to me that where one of my mates got himself a bargain porsche after the 80's crash, from a down-and-out City wideboy, I might be able to pick up a plasma for a couple of quid when the chickens come home to roost.

<{POST_SNAPBACK}>

I'd go for a larger rear-projection myself (which I did - 50" Sony). The picture quality on most plasma's are utter shite. I'm not convinced.., yet. Oh, and the RP's are around a £1000.00+ cheaper.

[crash 2005]

I'd go for a larger rear-projection myself (which I did - 50" Sony). The picture quality on most plasma's are utter shite. I'm not convinced.., yet. Oh, and the RP's are around a £1000.00+ cheaper.

<{POST_SNAPBACK}>

TOTALLY AGREE

[thunderbird900]

Uber, totally agree as well. Why on earth do people pay thousands purchasing a plasma tv when the picture on a conventional CRT is far sharper. Also I've noticed on a plasma the picture seems to drag with movement and has very por definition. Sit too close and the picture is pixellated. As for LCD's, they are even worse.

[Domus]

Doesn't matter what the MEW'ers buy, plasma, lcd or rear-projection. They can't see a damn thing wearing their "Peril Sensitive Sunglasses".

Dictionary Definition

------------------------

Peril Sensitive Sunglasses have been specially designed to help people develop a relaxed attitude to danger. At the first hint of trouble, they turn totally black and thus prevent you from seeing anything that might alarm you.

Edited August 5, 2005 by Domus

[Guest uberstuka]

Uber, totally agree as well. Why on earth do people pay thousands purchasing a plasma tv when the picture on a conventional CRT is far sharper. Also I've noticed on a plasma the picture seems to drag with movement and has very por definition. Sit too close and the picture is pixellated. As for LCD's, they are even worse.

<{POST_SNAPBACK}>

Plasma TV's have become a status symbol that everyone thinks they must own to be someone. If you actually took the time out to ignore the hype and test them before you bought them you'd find that not only are they totally inferior to your conventional screen, but they are STUPENDOUSLY over-priced ****.

Watch the price of them plummet during next years January sales, along with property prices: and arses! (?)

Talking of bottoms: Has anyone else noticed that young male EA's all wear large collared shirts, with thick wide ties; they're incredibly arrogant, have applied lots of `hair-gel' to their short - usually dark - barnet, they think that they are the proverbial `DB's' and dismiss all talk of a property crash like this:

"Ha (smile)! Nah (smirk)! Who told you that rubbish (snarl)?

Or is this only a Lincolnshire phenomenon?

[OLDFTB]

Uber, totally agree as well. Why on earth do people pay thousands purchasing a plasma tv when the picture on a conventional CRT is far sharper. Also I've noticed on a plasma the picture seems to drag with movement and has very por definition. Sit too close and the picture is pixellated. As for LCD's, they are even worse.

<{POST_SNAPBACK}>

Paying thousands just to watch cr*p like Big Brother or Corrie. People are so stupid.

[Mr_Sminty]

Paying thousands just to watch cr*p like Big Brother or Corrie. People are so stupid.

<{POST_SNAPBACK}>

Not sure if this is make believe but someone told me that Plasma TVs only last 3-5 years or something

[Guest absolutezero]

If it wasn't for the fact that the BBC started making Doctor Who again I would have junked the TV.

90% of TV is dross.

[BringItOn]

Uber, totally agree as well. Why on earth do people pay thousands purchasing a plasma tv when the picture on a conventional CRT is far sharper. Also I've noticed on a plasma the picture seems to drag with movement and has very por definition. Sit too close and the picture is pixellated. As for LCD's, they are even worse.

<{POST_SNAPBACK}>

The reason why Plasma TV's are not so good with picture quality and you get drag movement is purely down to Broadcast. Plasma TV's are far better than rear projectors and CRT's but the conventional ariel cannot broadcast the quality. Its all about pixels. Anyway sky tv will start broadcasting High definition tv in 2006, when broadband gets good enough to broadcast HD to the mases this will be the new norm. Take a look at High def if you get a chance. It will blow you away for picture quality.

[OzzMosiz]

Not sure if this is make believe but someone told me that Plasma TVs only last 3-5 years or something

<{POST_SNAPBACK}>

I heard that only 1 in 10 Plasma TVs made are actually sent out to shops - rest are

faulty on average. Dunno if true or not.

[OzzMosiz]

If it wasn't for the fact that the BBC started making Doctor Who again I would have junked the TV.

90% of TV is dross.

<{POST_SNAPBACK}>

Fully agree, BBC is shi* except for Dr Who and Hustle

[patientFTB]

The reason why Plasma TV's are not so good with picture quality and you get drag movement is purely down to Broadcast. Plasma TV's are far better than rear projectors and CRT's but the conventional ariel cannot broadcast the quality. Its all about pixels. Anyway sky tv will start broadcasting High definition tv in 2006, when broadband gets good enough to broadcast HD to the mases this will be the new norm. Take a look at High def if you get a chance. It will blow you away for picture quality.

<{POST_SNAPBACK}>

this is absolutely true. Plasma and LCD screens tend to look dodgy in shops where the signal being used is normal PAL quality - the images look somehow 'pixelated'. If you watch a DVD or better, a HDTV digital broadcast on a plasma or LCD screen you will see the vast quality difference due to their much higher resolution.

Conventional CRT screens cannot compete on these higher resolutions.

Plasma screens do have a limited lifespan - they become dimmer over time. The useful lifespan is said to be until the screen is 50% dimmer than new.

[Nijo]

The reason why Plasma TV's are not so good with picture quality and you get drag movement is purely down to Broadcast. Plasma TV's are far better than rear projectors and CRT's but the conventional ariel cannot broadcast the quality. Its all about pixels. Anyway sky tv will start broadcasting High definition tv in 2006, when broadband gets good enough to broadcast HD to the mases this will be the new norm. Take a look at High def if you get a chance. It will blow you away for picture quality.

<{POST_SNAPBACK}>

Agreed, Plasma's and LCDs tend to suck with normal broadcast TV - in fact the worse the source the worse the TV seems, compared to a CRT.

Try out HD though and it's a different story...

£600 HD-ready LCD TV

[BringItOn]

Agreed, Plasma's and LCDs tend to suck with normal broadcast TV - in fact the worse the source the worse the TV seems, compared to a CRT.

Try out HD though and it's a different story...

£600 HD-ready LCD TV

<{POST_SNAPBACK}>

Just shows how quickly they have come down in price also. HPC and much cheaper goods. Things are looking up for us sensible ones

[rockdoctor]

Well my 13-year-old 21" Sony CRT just died and I replaced it with a £249 28"-Samsung widescreen CRT (roughly equivalent to the 21" 4:3).

I would have bought a cheaper one but Comet were out of stock of the £199 one.

Now I have it at home I discover that there is almost nothing except the occasional film broadcast in true widescreen on analogue, so I need to buy a Freeview box to make use of the rest of the screen.

I had already read that CRT was superior picture to LCD/Plasma, but I hadn't realised that even widescreen was a waste of money!

I guess I'll wait until plasma is good (quality and value) and widescreen Hi-Def is the standard broadcast then upgrade again.

My kids watch the most tv in our house and, judging by the quality that their favourite worn-out videos give, they aren't bothered what they watch it on.

[BringItOn]

Well my 13-year-old 21" Sony CRT just died and I replaced it with a £249 28"-Samsung widescreen CRT (roughly equivalent to the 21" 4:3).

I would have bought a cheaper one but Comet were out of stock of the £199 one.

Now I have it at home I discover that there is almost nothing except the occasional film broadcast in true widescreen on analogue, so I need to buy a Freeview box to make use of the rest of the screen.

I had already read that CRT was superior picture to LCD/Plasma, but I hadn't realised that even widescreen was a waste of money!

I guess I'll wait until plasma is good (quality and value) and widescreen Hi-Def is the standard broadcast then upgrade again.

My kids watch the most tv in our house and, judging by the quality that their favourite worn-out videos give, they aren't bothered what they watch it on.

<{POST_SNAPBACK}>

Yep, spot on. What is the point in buying something that is the future when the infrastructure cant support it!!! Many plasmas bought a few years back are not even High def ready. How many people spent thousands on plasmas only to be told you have to buy another one in a few years. Probably another case of keeping up with the Jones's. I only have a CRT, I will buy a plasma when High def and the PS3 arrive. At least then it will be worth the money.

[woody]

I've got a 42" plasma and it is the dogs b.

I hate watching the TV on it because the signal is so crap and what is shown is rubbish - it is much more fun plugging the Xbox in or watching DVDs. When the wify goes away, I plan on plugging in my computer and then it'll be Koooooooooool. HPC.co.uk on the 42"......

[libitina]

  HPC.co.uk on the 42"......

<{POST_SNAPBACK}>

Just as well we don't have photo's of us on here then