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smeagold

Crash In Progress

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LOT 80

On a couple of months ago at £225,000 no sale. went to auction-no sale, back on at £185,000

I'm noticing also lots of properties with no forward chain.. desperate just to get out?

Could be they were flying a kite just to see if drummed up any interest.

Its got a thatched roof and is not an average house so will not appeal to a lot of people due to the extra costs associated with that.

Needs a total refurb but if the right buyer (will be someone looking to live it in rather than investment) is in the room on the day they could still get it up close to £200,000.

The fact they are holding the Auction in Kensington (assuming the previous one was in Somerset) rather than locally tells you a lot as well.

Edited by geezer466

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http://www.rightmove.co.uk/property-for-sale/property-16167753.html

Started at £325k in June now auction guide £240k, I will be interested to know what it goes for, although it's on the A39 which can get very busy with all the grokells going to Minehead.

The other side of Somerset

http://www.rightmove.co.uk/property-for-sale/property-16145151.html

Started off at £335 in June now down to £250k, having had a 'drive past' yesterday, I would say it's a probate, and because of the listing could easily turn into a money pit, and the road it's on is quite busy, not for me thanks.

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By putting barriers up for people to take out a mortgage like higher deposits, the banks are trying to keep the plates spinning for as long as possible but it will still end in disaster.

The bankers greed broke the financial system game but they cant walk away from it and admit its broken becuase like the Govt they cant lose face!

Yup.

TOXIC LIAR LOANS

= THE FUEL TO THE MONEYLENDERS' PYRAMID/PONZI SCAM THAT HAS BROUGHT THE WORLD'S ECONOMY TO ITS KNEES.

:angry:

Edited by eric pebble

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I know I sound like a broken record but I am seeing STCs coming back on the market but at higher asking prices.

Couple of examples - house on for about 1 yr with one EA for 239K now on with different EA for 289K asking price.

House on for 320K for the past 18 months or so, done the rounds of EAs and now on for 390K asking price.

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Can't sell at auction for 'Guide Price £240k ?

http://www.rightmove.co.uk/property-for-sale/property-16167753.html

Then stick it back on with a different agent for £300k.

http://www.rightmove.co.uk/property-for-sale/property-31912904.html

How do we get this crash moving ?

More forced sellers. Most likely from a rise in IRs, rise in mortgage provider rates (even without rise in base IR..) or rise in unemployment.

In my area (London N2) many properties now taken off the market, proving they were not serious/forced sellers. They'll try again at silly prices in the new year but unless we see more forced sellers created by factors mentioned above, I fear I'll be waiting a few years before being able to buy around here. No 'crash in progress' yet, I'm afraid...

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The other side of Somerset

http://www.rightmove.co.uk/property-for-sale/property-16145151.html

Started off at £335 in June now down to £250k, having had a 'drive past' yesterday, I would say it's a probate, and because of the listing could easily turn into a money pit, and the road it's on is quite busy, not for me thanks.

Great looking house though :)

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LOT 80

On a couple of months ago at £225,000 no sale. went to auction-no sale, back on at £185,000

I'm noticing also lots of properties with no forward chain.. desperate just to get out?

http://maps.google.co.uk/maps?f=q&source=s_q&hl=en&geocode=&q=williton&sll=53.800651,-4.064941&sspn=11.25,28.256836&ie=UTF8&hq=&hnear=Williton,+Taunton,+United+Kingdom&ll=51.163057,-3.316948&spn=0.002913,0.010986&z=17&layer=c&cbll=51.16309,-3.316799&panoid=e9Ngn2jX9UXJiqL_gSxLnQ&cbp=12,110.01,,0,5.77

Not the nicest of locations, a surprisingly large number of trucks use that road, and it's hell in the summer. Doesn't look like there's any parking with it either.

Add in the expense of a thatched roof, and Grade 2 listing, it doesn't look that attractive.

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Local ea is bringing prices down by 5-10%

http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=BRANCH^56983&includeSSTC=true&_includeSSTC=on&index=30

7.5% PRICE REDUCTION ON ASKING PRICE AVAILABLE FOR BUYERS ABLE TO COMPLETE BEFORE JANUARY 31ST 2011

10% PRICE REDUCTION ON ASKING PRICE AVAILABLE FOR BUYERS ABLE TO COMPLETE BEFORE JANUARY 31ST 2011.

Took a while to find a 10% er though

http://www.rightmove.co.uk/property-for-sale/property-28407373.html

Edited by SarahBell

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Yup.

TOXIC LIAR LOANS

= THE FUEL TO THE MONEYLENDERS' PYRAMID/PONZI SCAM THAT HAS BROUGHT THE WORLD'S ECONOMY TO ITS KNEES.

:angry:

The world yes, but UK Plc is almost unscathed as our currency, housing market and bonds (and the FTSE) bears witness to. It would be a healthy thing if some of that toxicity were to do some real damage to our grossly obscene house prices.

Things are far too rosy here to be true or Brown was a genius. It makes no sense.

Edited by Realistbear

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Let's get one thing clear, Brown was not a genius, not in any way, shape or form. :angry:

I still can't work out what's going on - the fundamentals are dreadful, perhaps so much was thrown at the market in terms of propping it up it has remained bubbly. I think (hope?) we're at the stage where Wile E Coyote has just overshot the edge of cliff and is just about to look down and realise that the plummet is coming.

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The world yes, but UK Plc is almost unscathed as our currency, housing market and bonds (and the FTSE) bears witness to. It would be a healthy thing if some of that toxicity were to do some real damage to our grossly obscene house prices.

Things are far too rosy here to be true or Brown was a genius. It makes no sense.

That is because nothing is as it seems. Want to know why rates are so low and gilts so high ? The Bank of England is buying them. Ponzi scam, the left hand is borrowing from the right hand. Scroll through the slide show. The UK is worse than Spain by any measure, worst in the world by some measures. Note Slide 28 "BoE becomes the gilt market".

http://www.businessinsider.com/ben-davies-presentation-2011-11#-16

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  • 149 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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