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Converted Lurker

Year End Thoughts Of 2005

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Rightmove coming clean with a 2.5% YoY drop.

SIPPS.

Inside Track.

Portman/Capital no longer interested in newbuild flats.

HPI down from 20%+ in July 2004 to practicaly zero now.

BTL, many newbies realising that the figures do not stack up, mortgage more than the rent..duh!

come on there must be more..help please :(

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.....just the slow thud of penny dropping!!!!!

prices always go up??????.........................duh?????.........................erm...........................nope.............................................eeeeekkk......................ummmmmmmmmmmmm........aaaaaaaaaaaaah.......................oooooooooooooh.......................help!

........THUD.D.D.D.D.D.D.D

.......what happens next????

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.....just the slow thud of penny dropping!!!!!

prices always go up??????.........................duh?????.........................erm...........................nope.............................................eeeeekkk......................ummmmmmmmmmmmm........aaaaaaaaaaaaah.......................oooooooooooooh.......................help!

........THUD.D.D.D.D.D.D.D

.......what happens next????

Seriously,

Treasury suggesting multiple purchase will be treated as one,

Aus market in retreat,

Prescott`s shoe horning, tiny flats half the space= half the value,

Rosie Millard:angry:

Merryn/Jim Pickard B)

BOE/MPC

What else have been the major events of the year. I`m getting worried now, writer`s block or it`s an age thing :P just give me a nudge, please :o

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Seriously,

Treasury suggesting multiple purchase will be treated as one,

Aus market in retreat,

Prescott`s shoe horning, tiny flats half the space= half the value,

Rosie Millard:angry:

Merryn/Jim Pickard B)

BOE/MPC

What else have been the major events of the year. I`m getting worried now, writer`s block or it`s an age thing :P just give me a nudge, please :o

I don't think we have had the real knee-trembler just yet.

Gordon and the Sipps u-turn hit the G-spot...but it takes a couple more of those to make an orgasm!!

......it's a nice ride though!!!!......enough suspense to stop you getting bored!

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I don't think we have had the real knee-trembler just yet.

Gordon and the Sipps u-turn hit the G-spot...but it takes a couple more of those to make an orgasm!!

......it's a nice ride though!!!!......enough suspense to stop you getting bored!

Oohh..suit you Sir.

OK, flippers and the emergence of the BMV specialists (snigger) :lol:

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Oohh..suit you Sir.

OK, flippers and the emergence of the BMV specialists (snigger) :lol:

do you like to take them from behind sir??? ooooh!!! :P

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What could be more siesmic than rents now being indisputably cheaper than mortgages and sometimes HALF the cost. This single and easily-understood fact is more powerful a reason for the end of BTL and the beginning of a sustained drop in HP than any other.

BTL never made sense and like the endowment mortgages of the past it will be in the waste bin of economics by the middle of next year.

VP

Edited by VacantPossession

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What could be more siesmic than rents now being indisputably cheaper than mortgages and sometimes HALF the cost. This single and easily-understood fact is more powerful a reason for the end of BTL and the beginning of a sustained drop in HP than any other.

BTL never made sense and like the endowment mortgages of the past it will be in the waste bin of economics by the middle of next year.

VP

Thanks VP, you`ve just reminded me of the undisputed quote of the year "I`m in it for the long term"

:lol::lol:

Just beats my buddy at Inside Track Dennis: "nevereverneverever sell an investment property" code for you might never be able to at the price you`ve paid :o

Edited by Converted Lurker

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Thanks Moose, you`ve just reminded me of the undisputed quote of the year "I`m in it for the long term"

:lol::lol:

Just beats my buddy at Inside Track Dennis: "nevereverneverever sell an investment property" code for you might never be able to at the price you`ve paid :o

Housing transactions to a 30 year low!

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Anecdotal:

Below are comments from people this time lst year compared to this year (same people)

End 2004:

"what will you do if prices rise another 20% this year?"

"Prices might stabilise but they won't fall"

"Nothing's selling but it'll pick up in spring" (owner of a very over priced house)

"They've bought out my share and plan to do it up and sell it on"

"Selling was a good idea as you got a good price. Now keep your eyes open for a bargain as you might see something to buy"

End 2005:

"I can't see prices going up any more. In fact I've noticed they seem to be dropping"

"Supposedly prices are going up next year but I don't really see that. I think they might fall a little further"

"They decided it wasn't worth the effort and are trying to sell it now. But they left it empty for ages"

"Well you seem happy in rented but keep an eye out for bargains" (Somethings never change)

I don't care about IR's, credit crunch evidence or anything else. The number 1 factor is peoples perceptions. Property is no longer viewed as a route to easy money. The flow of money into property vs. being taken out has shifted. Instead of a relentless need to buy more to maximize profit people are wanting to sell up and put the cash to use in other ways.

I'm sure the list of ancedotal evidence at teh end of 2006 (in a year) will be more like people had hoped for this year. But guys you must learn patience.

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for me it was majot lenders deciding that there is an oversupply of new builds..

but if you look back over the last 30 years.. at the up and downs of the economy..

what was happening 30 years ago to mark a worse time for house transactions.. without looking at the population increase..

It was the three day working week.. marvelous

so the housing market was at its weekest since the three day week..

see that on the BBC.

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  • 301 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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