spyguy Posted January 25, 2018 Share Posted January 25, 2018 http://www.bbc.co.uk/news/business-42817663 Probate, all the way down. Quote Link to comment Share on other sites More sharing options...
thewig Posted January 25, 2018 Share Posted January 25, 2018 12 minutes ago, spyguy said: http://www.bbc.co.uk/news/business-42817663 Probate, all the way down. new deaths exceeding new DEBTjunkies? what does this mean for supply and demand innit bruv? terrible state of affairs when peoples only hope of affordable shelter is basically wishing for the death of their family or has this always been the case? was the last fifty years just some sort of weird blip between major wars and the generation following the lucky boomers just have historically stupidly high expectations for their standard of living as a result? Quote Link to comment Share on other sites More sharing options...
Doner Kebab Posted January 25, 2018 Share Posted January 25, 2018 Potential buyers 'put off by interest rate hike' - no mention of affordability. It's all good news. Quote Link to comment Share on other sites More sharing options...
Wayward Posted January 25, 2018 Share Posted January 25, 2018 2 minutes ago, Sperm Donor said: Potential buyers 'put off by interest rate hike' - no mention of affordability. It's all good news. As far as I can see the BBC never refer to high prices being a reason for low transactional activity...denial of reason. Quote Link to comment Share on other sites More sharing options...
Wayward Posted January 25, 2018 Share Posted January 25, 2018 People either die to release existing housing stock or emigrate...or perhaps down size as a forerunner to the former. At the moment all policy objectives are to ensure housing stock is not released and conditions of scarcity are maintained. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 25, 2018 Share Posted January 25, 2018 54 minutes ago, spyguy said: http://www.bbc.co.uk/news/business-42817663 Probate, all the way down. I almost started a similar thread. I spoke to a registrar today and they said....WE ARE INUNDATED WITH PEOPLE DYING. Pigeons coming home to roost Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted January 25, 2018 Share Posted January 25, 2018 (edited) 37 minutes ago, Wayward said: People either die to release existing housing stock or emigrate...or perhaps down size as a forerunner to the former. At the moment all policy objectives are to ensure housing stock is not released and conditions of scarcity are maintained. This. I suspect most transactions these days are outright owners simply 'swapping' housing stock among themselves for what ever reason, moving, downsizing etc. #Vilebbc Edited January 25, 2018 by GreenDevil Quote Link to comment Share on other sites More sharing options...
kibuc Posted January 25, 2018 Share Posted January 25, 2018 (edited) My Ctrl+F for "Brexit" and "uncertainty" on that news report came back negative... how come? Edited January 25, 2018 by kibuc Quote Link to comment Share on other sites More sharing options...
spyguy Posted January 25, 2018 Author Share Posted January 25, 2018 52 minutes ago, TheCountOfNowhere said: I almost started a similar thread. I spoke to a registrar today and they said....WE ARE INUNDATED WITH PEOPLE DYING. Pigeons coming home to roost Depends where you are. The large town Ive known the longest in Scarborough. Yes, exceptional I know. People stopped retiring their in the 80s. The number of probates/deaths is waaaay beyond the number of new families starting. Sales prices are a mess. There's no really grouping, just random, depending how greedy or how desperate the kids are. Step outside of the London/SE bubble and the same apples. They might not be 'giving it away' (c) oldfart. But you cannot hold a property position for more than about 85 years. Quote Link to comment Share on other sites More sharing options...
spyguy Posted January 25, 2018 Author Share Posted January 25, 2018 56 minutes ago, TheCountOfNowhere said: I almost started a similar thread. I spoke to a registrar today and they said....WE ARE INUNDATED WITH PEOPLE DYING. Pigeons coming home to roost The sales price of house might depend on how bad the flu strain has been. Quote Link to comment Share on other sites More sharing options...
Tempus Posted January 25, 2018 Share Posted January 25, 2018 Mortgage approvals by UK banks 'falling off a cliff' Experts blame a squeeze on consumer incomes as new data reveals a sharp decline in the number of home loans in December. https://news.sky.com/story/mortgage-approvals-by-uk-banks-falling-off-a-cliff-11221982?dcmp=snt-sf-twitter Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted January 25, 2018 Share Posted January 25, 2018 3 minutes ago, Tempus said: Mortgage approvals by UK banks 'falling off a cliff' Experts blame a squeeze on consumer incomes as new data reveals a sharp decline in the number of home loans in December. https://news.sky.com/story/mortgage-approvals-by-uk-banks-falling-off-a-cliff-11221982?dcmp=snt-sf-twitter That's a strong indicator. Now, why am I surprised that there's no mention of Brexit in this piece? Ah, it's not the BBC Quote Link to comment Share on other sites More sharing options...
warrior88 Posted January 25, 2018 Share Posted January 25, 2018 6 minutes ago, stuckmojo said: That's a strong indicator. Now, why am I surprised that there's no mention of Brexit in this piece? Ah, it's not the BBC To be fair brexit or no brexit, house prices are just insane! Quote Link to comment Share on other sites More sharing options...
Fence Posted January 25, 2018 Share Posted January 25, 2018 36 minutes ago, stuckmojo said: Ah, it's not the BBC Or Guardian! Quote Link to comment Share on other sites More sharing options...
yodigo Posted January 25, 2018 Share Posted January 25, 2018 Saw 2 houses this week, one north midlands, one south west. Both similar distance from respective mainline station and town centre. Both where the parents had gone (don't know where) and the kids were in control and pushing the asking price to the max. The one in the south west got away with it, sold in one day (wonder if the buyer noticed the broken light switch in the lounge?), the one in the north midlands hasn't, and probably won't as bigger, better houses are on at the same price 200-500m away. Quote Link to comment Share on other sites More sharing options...
yodigo Posted January 25, 2018 Share Posted January 25, 2018 Don't worry, prices will soon continue rising..... "The drop occurred despite a reduction in stamp duty for first-time buyers, which took effect in November. However experts said it was too soon for that to have made a difference." Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted January 25, 2018 Share Posted January 25, 2018 3 hours ago, TheCountOfNowhere said: I almost started a similar thread. I spoke to a registrar today and they said....WE ARE INUNDATED WITH PEOPLE DYING. Pigeons coming home to roost 1. how come you were talking to a registrar? seems a random person to come across on a day to day basis? 2. Did he elaborate on why? or ages? Are we at the thin edge of the boomers death bubble? is that finally starting? Quote Link to comment Share on other sites More sharing options...
Errol Posted January 25, 2018 Share Posted January 25, 2018 It's the plague! BRING OUT YOUR DEAD! BRING OUT YOUR DEAD! Quote Link to comment Share on other sites More sharing options...
spyguy Posted January 25, 2018 Author Share Posted January 25, 2018 17 minutes ago, jiltedjen said: 1. how come you were talking to a registrar? seems a random person to come across on a day to day basis? 2. Did he elaborate on why? or ages? Are we at the thin edge of the boomers death bubble? is that finally starting? Not content with fuxxing the young, theyve been fuxxing their age cohorts to death too: http://www.dailymail.co.uk/health/article-2660340/Sex-60s-STIs-soar-older-people-never-used-condom.html Final stages of the clap I reckon., Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted January 25, 2018 Share Posted January 25, 2018 https://www.washingtonpost.com/news/politics/wp/2017/01/24/heres-how-much-longer-each-generation-will-be-sticking-around/?utm_term=.57c1bd83f1dc looking at the charts the boomer deaths are going to accelerate quickly from now on. All those lovely massive houses going to probate! Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted January 25, 2018 Share Posted January 25, 2018 1 hour ago, yodigo said: Saw 2 houses this week, one north midlands, one south west. Both similar distance from respective mainline station and town centre. Both where the parents had gone (don't know where) and the kids were in control and pushing the asking price to the max. The one in the south west got away with it, sold in one day (wonder if the buyer noticed the broken light switch in the lounge?), the one in the north midlands hasn't, and probably won't as bigger, better houses are on at the same price 200-500m away. N Midlands is a bit slow though stock is almost non existent. What location? Quote Link to comment Share on other sites More sharing options...
yodigo Posted January 25, 2018 Share Posted January 25, 2018 3 minutes ago, crashmonitor said: N Midlands is a bit slow though stock is almost non existent. What location? Staffordshire Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 25, 2018 Share Posted January 25, 2018 42 minutes ago, jiltedjen said: 1. how come you were talking to a registrar? seems a random person to come across on a day to day basis? 2. Did he elaborate on why? or ages? Are we at the thin edge of the boomers death bubble? is that finally starting? 1. Births/Deaths/Marriages...take your pick. 2. Ageing population and winter. I suspect in the next 5 year we are about to see a wave of very very expensive pwopatees that no one can afford coming on the market Quote Link to comment Share on other sites More sharing options...
LetsBuild Posted January 25, 2018 Share Posted January 25, 2018 1 hour ago, yodigo said: Don't worry, prices will soon continue rising..... "The drop occurred despite a reduction in stamp duty for first-time buyers, which took effect in November. However experts said it was too soon for that to have made a difference." They are going to be waiting a long time, the last stamp duty holiday under Alistair Darling did absolutely zilch, nada and I have the land registry data to prove it. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted January 25, 2018 Share Posted January 25, 2018 (edited) 1 hour ago, yodigo said: Staffordshire Some nice bits between Stone and Uttoxeter and above to the Moorlands. There again I do have a rural bias. Don't think prices are much off the 07 peak. Stoke, of course, is one of those infamous sub 2007 priced towns along with the likes of Blackpool and Hartlepool. Edited January 25, 2018 by crashmonitor Quote Link to comment Share on other sites More sharing options...
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