Jump to content
House Price Crash Forum
Sign in to follow this  
TheCountOfNowhere

Northampton prices, doubled in 3 years.

Recommended Posts

The bubble between 2000 and 2007 was insane but not as insane as this.

Now I see this listed

http://www.rightmove.co.uk/property-for-sale/property-58039126.html

You could pick this sort of rubbish up for around £200K between 2008->2012

Now listed for £380K !!!!!!!!!!!!!!!!!!!!!!!!!!

If it sells, that'll be a 100% increase in 3 years.

This cannot be sustained.

Are our savings just worthless now ?

 

 

Share this post


Link to post
Share on other sites

It's amazing the way the population is basically inured to massive rises in house prices. They don't bat an eyelid.

Imagine if the price of gold doubled in three years from where it is now - so to $2400 or £2000. The press would be screaming blue murder about it.

Edited by Errol

Share this post


Link to post
Share on other sites
59 minutes ago, allornothing said:

Though looking at the price history, it sold for 250k in 2006. That's an annualised increase of about 6%. Which depressingly is more or less bang on the annualised HPI for last 30 years

 

 

So take 20% off that as of 2008, and we have £200K   which is pretty much what you'd be lucky to get for them for about 5 years till Osborne and Carney send printed mental by basically printing money and lending it out to anyone to buy anything the can.

 

So I guess my comment to you would have to be "WHITE"

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites
24 minutes ago, allornothing said:

sure, but London's a bit bigger now and a few more people commute in too. 

But tomato tomatoes. What kind of place are you looking for count? Would you buy if the right house came up at today's prices? 

I'm not looking to buy a house...I'm looking to get out of the UK without loosing every penny I've worked for.

I woudn't buy at the prices from 2012 that were half of this asking prices!!!!!!!!!!!!!

The 2012 prices were after 7 years of 10-20% rises per year and a 20% drop when the banks collapsed.  

The asking prices I am seeing on some places say to me the agents are just desperate to get anything at any price on their books, they must be desperate for a sell.  That asking price does not reflect any reality that I see on the ground.  Nothing is selling again, Plenty still up for sale from 2007, BTLers are trying to get out and nothing making much sense to anyone.

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites

For instance,

 

this sort of place was being advertised around £270K in 2007 and £250K there after, this one up at £295K, woulda been £350K a few months ago. 

 

http://www.rightmove.co.uk/property-for-sale/property-58017064.html

 

You can buy that and send your child to private school rather that attend the wootton school where some of the parents are thick enough to pay £400K to live in a shoe box.

Share this post


Link to post
Share on other sites

4 bed town house in wootton at 285K.

 

http://www.rightmove.co.uk/property-for-sale/property-57739444.html

 

would have done for 200K 3 years ago maybe

Looks like a repo/BTLer.

 

But you can buy a 4 bed semi for 240K 

http://www.rightmove.co.uk/property-for-sale/property-64008473.html

 

All these prices are about 100K more than they should be relative to wages/inflation.

The one I listed is a sick joke.

The others are just a joke.

 

 

Share this post


Link to post
Share on other sites
34 minutes ago, TheCountOfNowhere said:

4 bed town house in wootton at 285K.

 

http://www.rightmove.co.uk/property-for-sale/property-57739444.html

 

would have done for 200K 3 years ago maybe

Looks like a repo/BTLer.

 

But you can buy a 4 bed semi for 240K 

http://www.rightmove.co.uk/property-for-sale/property-64008473.html

 

All these prices are about 100K more than they should be relative to wages/inflation.

The one I listed is a sick joke.

The others are just a joke.

 

 

 

chart(1).png

chart(2).png

Share this post


Link to post
Share on other sites

Average price in 2007 about 170K I guess, 2013 about 160....Now, £210....so up about 25% on 2012 prices...not 100% as per that listing.

This is all underpinned with out taxes and they are lending money they've magiced out of thin air.

I wouldnt believe it if I hadnt witnessed this madness with my own eyes,

Share this post


Link to post
Share on other sites
19 minutes ago, TheCountOfNowhere said:

Average price in 2007 about 170K I guess, 2013 about 160....Now, £210....so up about 25% on 2012 prices...not 100% as per that listing.

This is all underpinned with out taxes and they are lending money they've magiced out of thin air.

I wouldnt believe it if I hadnt witnessed this madness with my own eyes,

To be fair,given proximity to Lodn,it could be a lot worse.

If you want any more snapshots Count then PM me.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Next General Election   90 members have voted

    1. 1. When do you predict the next general election will be held?


      • 2019
      • 2020
      • 2021
      • 2022

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.