sideysid Posted June 24, 2016 Report Share Posted June 24, 2016 Good, now we need all the EAs to start predicting a downturn in the housing market and making their estate agents redundant. That and BTL owners starting to s*** themselves, I think Im starting to enjoy myself more now than when I sold up in 2007 leading up to the 2008 crash... Quote Link to post Share on other sites
B63 Posted June 24, 2016 Report Share Posted June 24, 2016 Down 28% today. Couldn't have happened to a nicer company Quote Link to post Share on other sites
nome Posted June 24, 2016 Report Share Posted June 24, 2016 Just popped over to the MSE forums to see what's occurring, the silence is deafening, no new threads started since the result, barely any new comments on existing threads. Poor Hamish et al... their hpi/btl circlejerk has been very abruptly interrupted. Quote Link to post Share on other sites
StainlessSteelCat Posted June 24, 2016 Report Share Posted June 24, 2016 These suckers are going down! Quote Link to post Share on other sites
TheCountOfNowhere Posted June 24, 2016 Report Share Posted June 24, 2016 It was always going to take an event to get the get things moving. Its not like we've not warned people. PMSL Quote Link to post Share on other sites
Saving For a Space Ship Posted June 24, 2016 Report Share Posted June 24, 2016 55m ago 08:07 Housebuilders plunge by 40% It’s an absolute rout! The FTSE 100 has shed 527 points, or over 8%, in a massive selloff.... Some shares have lost a third of their value. Housebuilders Raylor Wimpey and Persimmon have plunged by 40% And some shares have still not opened.... https://www.theguardian.com/business/live/2016/jun/24/global-markets-ftse-pound-uk-leave-eu-brexit-live-updates?page=with:block-576cdbd6e4b0be24d34f5cbc#block-576cdbd6e4b0be24d34f5cbc Quote Link to post Share on other sites
Tempus Posted June 24, 2016 Report Share Posted June 24, 2016 So how much is an ex-council flat in a run-down area of London worth in the new economic chaos? Quote Link to post Share on other sites
spunko2010 Posted June 24, 2016 Report Share Posted June 24, 2016 Lol how eager were you to check their price. Hilarious Quote Link to post Share on other sites
Tempus Posted June 24, 2016 Report Share Posted June 24, 2016 They have since rebounded to 134.00. But it's a long day ahead (especially if you've you just bought an ex-council flat in a run-down area of London). Quote Link to post Share on other sites
Kinky John Posted June 24, 2016 Report Share Posted June 24, 2016 Well .. you did warn me - that combined with camamoron's resignation and I've been done and wet myself in joy. Quote Link to post Share on other sites
Byron Posted June 24, 2016 Report Share Posted June 24, 2016 I think I may have over-dosed on my anti over-gloating medicine. Quote Link to post Share on other sites
Liquid Goldfish Posted June 24, 2016 Report Share Posted June 24, 2016 Why will Brexit have such an effect? Is it the worry that foreigners will sell up? Quote Link to post Share on other sites
ccc Posted June 24, 2016 Report Share Posted June 24, 2016 Why will Brexit have such an effect? Is it the worry that foreigners will sell up? Long term - less people. Would be #1 I reckon. Quote Link to post Share on other sites
The Masked Tulip Posted June 27, 2016 Report Share Posted June 27, 2016 Foxton profit warning Foxtons has issued a profit warning. ig Just saw this too https://www.theguardian.com/money/2016/jun/25/foxtons-fees-80m-lawsuit-tenants-legal-fight Looks like tenants fees could be the next PPI. Apparently they think the housing market might suffer. I was talking to 2 Swansea EAs on Friday who had decided that London house prices will now slump but that Swansea will not suffer. Quote Link to post Share on other sites
spunko2010 Posted June 27, 2016 Report Share Posted June 27, 2016 The Count will be overjoyed Quote Link to post Share on other sites
AvoidDebt Posted June 27, 2016 Report Share Posted June 27, 2016 This has to pop if we want serious London HPC. Had an EA say to me last week that Greater London is immune from the happenings in PCL We are in the everywhere will crash apart from my area phase... Quote Link to post Share on other sites
electrogear Posted June 27, 2016 Report Share Posted June 27, 2016 It opened at -17% and it's now fallen to -21%! Quote Link to post Share on other sites
rantnrave Posted June 27, 2016 Report Share Posted June 27, 2016 103p now Quote Link to post Share on other sites
Tempus Posted June 27, 2016 Report Share Posted June 27, 2016 Hit low of 101.00 a bit earlier. Will it go below 100? Quote Link to post Share on other sites
spunko2010 Posted June 27, 2016 Report Share Posted June 27, 2016 Countrywide dropping massively too. And Savills. If it goes below 100 the Count may have a prolapse. Quote Link to post Share on other sites
Tempus Posted June 27, 2016 Report Share Posted June 27, 2016 Countrywide dropping massively too. And Savills. If it goes below 100 the Count may have a prolapse. It's as if the markets are thinking something very bad might happen to the UK property bubble... Quote Link to post Share on other sites
The Masked Tulip Posted June 27, 2016 Report Share Posted June 27, 2016 What is the book value of Foxtons? Anyone know? Quote Link to post Share on other sites
TheCountOfNowhere Posted June 27, 2016 Report Share Posted June 27, 2016 Countrywide dropping massively too. And Savills. If it goes below 100 the Count may have a prolapse. 105.50GBXPrice decrease29.50 (21.85%) My pro is already lapsed Quote Link to post Share on other sites
spyguy Posted June 27, 2016 Report Share Posted June 27, 2016 Ahh, only 4.5 days left of this week. Quote Link to post Share on other sites
TheCountOfNowhere Posted June 27, 2016 Report Share Posted June 27, 2016 What is the book value of Foxtons? Anyone know? Their chairs must be worth something. Quote Link to post Share on other sites
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