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Bbc Radio 5 Live: Uk House Prices Falling - 10/08/2010

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BBC Radio 5 Live: UK House Prices Falling - 10/08/2010

Original broadcast (UK): Tuesday 10th August 2010, 10am-12pm, BBC Radio 5 Live.

Stephen Nolan discusses Royal Institution of Chartered Surveyors (RICS) report that UK house prices are falling. Again.

Original HPC discussion: http://www.housepricecrash.co.uk/forum/index.php?showtopic=148933

UK House Prices (Part 1/7): BBC R5 Live - 10/08/2010

[00:00 - 14:26 of 01:11:52]

Part 1

00:00 - 04:24 : Introduction.

04:24 - onwards : Peter Bolton King (Chief Executive of the National Association Of Estate Agents).

08:05 - 09:30 : Caller - Kevin, Sutton Coldfield (Can't/Won't sell as offers are 10-12% under asking price).

10:00 - onwards : Jonathan Davis (Financial Planner).

Edited by GordonBrownSpentMyFuture

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UK House Prices (Part 2/7): BBC R5 Live - 10/08/2010

[14:26 - 26:14 of 01:11:52]

Part 2

00:00 - 07:30 : Peter Bolton King (Chief Executive of the National Association Of Estate Agents).

00:00 - onwards : Jonathan Davis (Financial Planner).

00:20 - onwards : Melanie Bien (Director of Communications at Private Finance).

03:00 - 04:02 : Texts (JC, Jim from Manchester, HPC’s very own “guitarman001” from Edinburgh).

07:35 - 11:40: Caller - Lucy, Winchester (Paid £32,000 over asking price).

Edited by GordonBrownSpentMyFuture

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UK House Prices (Part 3/7): BBC R5 Live - 10/08/2010

[26:14 - 32:15 of 01:11:52]

Part 3

00:00 - 00:52 : Introduction.

00:52 - 01:30 : Stephen Nolan and Will discuss home buying.

01:30 - 02:52 : Caller - Linda, Northampton (Received almost £20,000 over asking price but acknowledges that prices in her area are "artificially inflated").

03:20 - 05:22 : Caller - William, Bristol (FTB in his 30s who thinks prices need to fall by 30-40% and says he is priced-out by BTL).

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UK House Prices (Part 4/7): BBC R5 Live - 10/08/2010

[32:15 - 45:14 of 01:11:52]

Part 4

00:00 - 00:45 : Introduction.

00:45 - 02:45 : Caller - Carl, Derby (18 year old wants house prices to keep falling).

02:45 - 04:20 : Caller - Karen, Worcester (Paid £36,000 over asking price).

04:20 - 06:30 : Caller - Richard, Kent (Accountant thinks market is over-priced).

06:30 - 06:55 : Text - David, Cambridge (On market for 22 months, £75,000 reduction and only 3 viewings).

06:55 - 08:40 : Caller - Danny, Wiltshire (HPC’s very own “Timebandit”).

08:40 - 10:12 : Caller - Chris, Oxford (Can’t sell but still thinks banks lending at 3x salary is not a “terrible thing at all”.

10:12 - 12:12 : Jingles, etc.

12:12 - 12:48 : Stephen Nolan reads out a brilliant text.

Edited by GordonBrownSpentMyFuture

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UK House Prices (Part 5/7): BBC R5 Live - 10/08/2010

[45:14 - 54:34 of 01:11:52]

Part 5

00:00 - 00:45 : Introduction.

00:45 - 01:40 : Caller - Matt, Hertfordshire (Bought house that’s now worth more than when he bought in 2009).

01:40 - 09:20 : Caller - Dave, Newcastle Upon Tyne (The brilliant “lifecycle of a bubble” property investor).

Edited by GordonBrownSpentMyFuture

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UK House Prices (Part 6/7): BBC R5 Live - 10/08/2010

[54:34 - 1:03:04 of 01:11:52]

Part 6

00:00 - 01:05 : Introduction.

01:05 - 03:32 : Caller - Ben, Derby (Selling for £25,000 over asking price).

03:32 - 04:22 : Recap

04:22 - 08:30 : Caller - Sue, Sheffield (Wants to downsize now retired but despite reducing by £5,000 still can’t sell and “not prepared to lose any more money on it”). :rolleyes:

Edited by GordonBrownSpentMyFuture

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UK House Prices (Part 7/7): BBC R5 Live - 10/08/2010

[1:03:04 - 01:11:52 of 01:11:52]

Part 7

00:00 - 00:14 : Introduction.

00:14 - 00:50 : Texts (David from Cambridge again).

00:50 - 03:40 : Caller - Mark, Portsmouth (On Abbey’s 0.5% above BoE rate).

03:40 - 05:35 : Caller - Martin, Norfolk (Says renting is currently cheaper than buying).

05:35 - 06:12 : Texts (Angus, London: Told to put on market at £25k higher by EA than they did and still can’t sell).

06:12 - 07:44 : Caller - Ranjit, Wolverhampton (Looking to withdraw equity from his property to “invest” into others).

07:44 - 08:48 : Caller - Steve, Wigan (Estate Agent who disagrees with media announcing price increases as raises seller expectation and “the reality isn’t...”).

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Er - I was the one from Edinburgh - the comment about the engineer moving out of the country (I ain't but I wanted to make a point). I spoke about falling house prices being the recovery, not rising ones - and that a graduate engineer used to be able to afford a home on 3 times salary. I think it was at 23 mins.

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In part 2 the delusion is strong in that Lucy...

Buying into the end of a sucker's rally by paying £32,000 over asking and then the immortal line, 'Winchester is different'...

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In part 2 the delusion is strong in that Lucy...

Buying into the end of a sucker's rally by paying £32,000 over asking and then the immortal line, 'Winchester is different'...

I loved the woman that rang in after Lucy and claimed that her area was 'unique, like Winchester is'....erm...... :rolleyes:

Edited by Mancghirl

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I loved the woman that rang in after Lucy and claimed that her area was 'unique, like Winchester is'....erm...... :rolleyes:

There's not much special about winchester, the nice bit is tiny and you've seen it all with a 5 minute stroll. During that stroll you'll encounter a lot of homeless people with drug problems. Outside of the centre is a wasteland of poor housing. I see no reason to pay any kind of premium to live there.

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Wigan is unique. There isn't another one. :rolleyes:

I think we're all grateful for that, the pie shortages would decimate the nation.

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Does anyone know where I can get the picture that is on the back of the youtube image link thingy?! The Lifecyle of a Bubble graph makes so much more sense with the culprits for the events highlighted. I have tried to explain the graph to my mortgage owning friends but they are still in denial. I'm hoping this version of the graph along with a clean sweep of negatives on the indices over the coming months may enlighten better than I have managed!

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I have tried to explain the graph to my mortgage owning friends but they are still in denial.

Dangerous, they are committed financially now. If you want to keep them as friends, keep it stumm.

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There's not much special about winchester, the nice bit is tiny and you've seen it all with a 5 minute stroll. During that stroll you'll encounter a lot of homeless people with drug problems. Outside of the centre is a wasteland of poor housing. I see no reason to pay any kind of premium to live there.

Nice observation. So true of many places (that perpetuate their own myth).

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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