disenfranchised Posted September 22, 2014 Share Posted September 22, 2014 Your postings are getting a bit Jekyll & Hyde count... Ridiculous asking prices Drops Ridiculous asked prices Truth is, all a bit stagnant? I felt we were getting wound up to something happening this year, now I'm less sure. Logic dictates falls to come, but we've seen prolonged stalemate before, and then QE powered rises! Could just be the kleptocracy have kicked this into the long grass as far as June 2015. I still think the banks expect this all to come crashing down, and will position themselves to benefit from it - which will in turn be a self-fulfilling prophecy, but we might be waiting a while yet. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 22, 2014 Share Posted September 22, 2014 Your postings are getting a bit Jekyll & Hyde count... Ridiculous asking prices Drops Ridiculous asked prices Truth is, all a bit stagnant? I felt we were getting wound up to something happening this year, now I'm less sure. Logic dictates falls to come, but we've seen prolonged stalemate before, and then QE powered rises! Could just be the kleptocracy have kicked this into the long grass as far as June 2015. I still think the banks expect this all to come crashing down, and will position themselves to benefit from it - which will in turn be a self-fulfilling prophecy, but we might be waiting a while yet. The ridiculous asking prices turn into the drops, though the dropped ridiculous asking prices are still ridiculous !!!! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 22, 2014 Share Posted September 22, 2014 Let's go round again. http://www.rightmove.co.uk/property-for-sale/property-48226556.html one more time..... http://www.rightmove.co.uk/property-for-sale/property-29755710.html Quote Link to comment Share on other sites More sharing options...
Billy Ray Valentine Posted September 24, 2014 Share Posted September 24, 2014 It seems to me that the bottom of the market has definitely shifted now. Lots on, numerous price drops, many newly listed places on at less than they would have been 5-6 months ago. Also notice agents getting more desperate in their descriptions, which I think is a sign. It feels like a buyers market now at this price range. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 25, 2014 Share Posted September 25, 2014 It seems to me that the bottom of the market has definitely shifted now. Lots on, numerous price drops, many newly listed places on at less than they would have been 5-6 months ago. Also notice agents getting more desperate in their descriptions, which I think is a sign. It feels like a buyers market now at this price range. Sadly the price range is 30% higher than most can afford. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 25, 2014 Share Posted September 25, 2014 Some light at the end of the over priced tunnnel: http://www.rightmove.co.uk/property-for-sale/property-32048709.html?premiumA=true "REDUCED FROM £1,140,000 TO £915,000 SINCE AUGUST -" ( Although Property bee doesn't pick it up ). Developer getting desperate ? .... http://www.rightmove.co.uk/property-for-sale/property-31734147.html?premiumA=true "25/09/2014 Agent changed: Reduced on 09/09/2014 by Michael Graham Price changed: from '£795,000' to '£700,000' 15/09/2014 Status changed: Premium Listing, null, null 09/09/2014 Price changed: from '£825,000' to '£795,000' " Quote Link to comment Share on other sites More sharing options...
HouseDog Posted September 25, 2014 Author Share Posted September 25, 2014 http://www.telegraph.co.uk/finance/bank-of-england/11121221/Pound-spikes-as-Mark-Carney-says-first-interest-rate-rise-getting-closer.html 'Pound spikes as Mark Carney says first interest rate rise 'getting closer' ____ Thats the 6 month warning bell. I suspect rates will rise in March 2015 - just in time to make the "who's hands is the economy safest in" argument - center stage before the General Election. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 26, 2014 Share Posted September 26, 2014 http://www.telegraph.co.uk/finance/bank-of-england/11121221/Pound-spikes-as-Mark-Carney-says-first-interest-rate-rise-getting-closer.html 'Pound spikes as Mark Carney says first interest rate rise 'getting closer' ____ Thats the 6 month warning bell. I suspect rates will rise in March 2015 - just in time to make the "who's hands is the economy safest in" argument - center stage before the General Election. I suspect you are right, throw the savers a marrowless bone then drop them again after the election. The only thing that will stop this madness is protests. Quote Link to comment Share on other sites More sharing options...
HouseDog Posted September 26, 2014 Author Share Posted September 26, 2014 (edited) I suspect you are right, throw the savers a marrowless bone then drop them again after the election. The only thing that will stop this madness is protests. http://www.telegraph.co.uk/finance/economics/11121726/House-prices-have-finally-started-to-fall-after-two-years.html Hometrack - House prices have finally started to fall after two years. Edited September 26, 2014 by HouseDog Quote Link to comment Share on other sites More sharing options...
Billy Ray Valentine Posted September 27, 2014 Share Posted September 27, 2014 (edited) I viewed this place about 2 years ago, was on then for the nuts price of £135K. Sat on the market for ages (I reckon it'd had been on for nearly a year) before selling I think for sub £120K, no more than 18 months ago, which was still pretty steep for what and where it is.http://www.rightmove.co.uk/property-for-sale/property-46380658.htmlThe place was already in good condition inside. They've added some tiles in the kitchen, a lick of paint and replaced the wood flooring in the lounge with a carpet.The guys at Taylors should be ****ing ashamed.edit to add: Plenty of 3/4 bed semi's/detached listed in the £165-£185K range, many have been sitting for months and months, even after reducing prices. When does it become obvious to the average punter that the value of a house such as the one above has become delinked from sanity, even if just compared to plenty of other superior places on the market?-I'M NOW CALLING THE TOP- Edited September 27, 2014 by Billy Ray Valentine Quote Link to comment Share on other sites More sharing options...
Billy Ray Valentine Posted September 27, 2014 Share Posted September 27, 2014 (edited) ...duplicate post. Edited September 27, 2014 by Billy Ray Valentine Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 1, 2014 Share Posted October 1, 2014 (edited) Crazy prices continue. They couldn't see this sort of stuff for 220K 18 months ago: http://www.rightmove.co.uk/property-for-sale/property-48460157.html " 4 bedroom detached house for sale Lordswood Close, Wootton, NORTHAMPTON £285,000" Now they wont be selling ti for much much more. Edited October 1, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 1, 2014 Share Posted October 1, 2014 This shocked me today: http://www.rightmove.co.uk/property-for-sale/property-48450506.html The most any idiot paid around there in 2007 was about 380K. I viewed the peak house...me and the agents laughed at the idiot that bought it then. Oh how I will laugh at whomever buys this one. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 1, 2014 Share Posted October 1, 2014 http://www.rightmove.co.uk/property-for-sale/property-48447986.html They couldn't sell ths sort of thing for 225K last year, now on at a bargain 275K. Oh how I love estate agents. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 1, 2014 Share Posted October 1, 2014 Then there is the reality. http://www.rightmove.co.uk/property-for-sale/property-32071590.html 4 bedroom detached house for sale Dewar Drive, Timken, Daventry NN11 9YS £234,995 I viewed something like this 5 years ago now,,,,£275K asking price then. The moral of that story is....dont buy a house at the mental asking prices the agents are pushing. Quote Link to comment Share on other sites More sharing options...
Billy Ray Valentine Posted October 3, 2014 Share Posted October 3, 2014 Reductions aplenty now..............................definite shift in the market, let's hope it gains momentum. Quote Link to comment Share on other sites More sharing options...
disenfranchised Posted October 6, 2014 Share Posted October 6, 2014 (edited) Then there is the reality. http://www.rightmove.co.uk/property-for-sale/property-32071590.html 4 bedroom detached house for sale Dewar Drive, Timken, Daventry NN11 9YS £234,995 Brown leather sofas you probably ponced off a friend - check. Light pine dining table - check Chess set - check. Beaten up hardwood garden furniture - check. Gym equipment in spare bedroom - check. Utensils hangning on rack behind hob - check I had to look twice to make sure i don't live there! The elephant picture rug thing isn't a million miles from some of the 'ill conceived ethnic travel trinkets' we have both accumulated either. Edited October 6, 2014 by disenfranchised Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 7, 2014 Share Posted October 7, 2014 Reductions aplenty now..............................definite shift in the market, let's hope it gains momentum. It does seem to be gaining momentum, a few months of drops ( which I think is guaranteed off the back of london falling) and some negative headlines and it could be panic stations. The asking prices generally tough are just mad. ] Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 8, 2014 Share Posted October 8, 2014 IMHO, money lender owned estate agent reaches new height of madness with this listing: http://www.rightmove.co.uk/property-for-sale/property-32528175.html " 3 bedroom detached house for sale Cyclamen Close, Abington Vale, Northampton, NN3 £242,995" Quote Link to comment Share on other sites More sharing options...
Billy Ray Valentine Posted October 9, 2014 Share Posted October 9, 2014 IMHO, money lender owned estate agent reaches new height of madness with this listing: http://www.rightmove.co.uk/property-for-sale/property-32528175.html " 3 bedroom detached house for sale Cyclamen Close, Abington Vale, Northampton, NN3 £242,995" Numerous similar standard 3-4 bed detached houses available in similar areas available for between £30-50k less have recently been and are currently on the market. When I sold my house earlier this year HM indeed valued it at a higher than the other agents I had value it. I didn't go with them in the end though. Quote Link to comment Share on other sites More sharing options...
HouseDog Posted October 12, 2014 Author Share Posted October 12, 2014 http://www.northamptonchron.co.uk/news/politics/planning-inspector-has-not-listened-to-concerns-over-plans-for-nearly-40-000-new-homes-for-west-northamptonshire-1-6350540 Planning inspector ‘has not listened’ to concerns over plans for nearly 40,000 new homes for West Northamptonshire Councillor David Mackintosh, leader of Northampton Borough Council, said concerns about congestion and overstretched public services had not been answered and pledged to oppose or amend the plans. He said: “It is very disappointing that the planning inspector has not listened to local people and asked for more changes to be made to the plan which will have a major impact on our town. “People across Northampton are rightly concerned about the effect thousands of extra houses will have on our town, including the need for infrastructure to cope with this, and we had reflected this in our comments on the plan. “Our road network is already struggling at peak times and more homes will only add to this, as well as adding pressures to other services.” He added: “Moving forward we will be using our planning powers to force developers to provide the infrastructure our growing town will need and we will continue to do whatever we can to oppose or improve the plans.” _____ Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted October 12, 2014 Share Posted October 12, 2014 IMHO, money lender owned estate agent reaches new height of madness with this listing: http://www.rightmove.co.uk/property-for-sale/property-32528175.html " 3 bedroom detached house for sale Cyclamen Close, Abington Vale, Northampton, NN3 £242,995" Ha...they upped the price by £2k. I think they "need" to sell it for that much to break even. Only bought it a year ago by the looks of things for £235k. Once stamp duty, legals, estate agent is paid, that's not far off £245k. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 12, 2014 Share Posted October 12, 2014 Reductions aplenty now..............................definite shift in the market, let's hope it gains momentum. last 3 days....NN1 + 15 miles, On the first 3 pages 14 drops/fails out of 30 listings, so approx 50%. 2 things, 1) I only have the local property bee database so it could be more. 2) It looks like that continues to about £250K where that pattern stops. Top end collapse by the look of it. People realising maybe that there is no one out there going to pay 2007+50% for their houses. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 14, 2014 Share Posted October 14, 2014 http://www.rightmove.co.uk/property-for-sale/property-30712659.html "14/10/2014 Price changed: from '£475,000' to '£449,000' 23/08/2014 Price changed: from '£485,000' to '£475,000' Subtitle changed: from '6 bedroom cottage ' to '5 bedroom cottage ' 14/08/2014 Agent changed: O'Riordan Bond 29/07/2014 Agent changed: Listed on 26/06/2014 by O'Riordan Bond 26/06/2014 Agent changed: from 'O'Riordan Bond' to 'by O'Riordan Bond' Price changed: from '£525,000' to '£485,000' Agent changed: from 'by O'Riordan Bond' to 'O'Riordan Bond' Agent changed: from 'O'Riordan Bond' to 'by O'Riordan Bond' 04/06/2014 Initial entry found. " Gone multi agent. A refleciton on the market ? Surprisingly, Asking price stil 10% more than a 5 decent 5 bed house in 2007 !!! See one of these ( could be the same one ) on and off the market now for years: http://www.rightmove.co.uk/property-for-sale/property-29253288.html Asking price always about £250K. ( 2007 peak ? ) Does anyone fancy personally bailout out a 2007 buyer and a bank at the same time ? Not me. Those two listings though show how ludicrous the other stuff coming on the market at 2007+30% asking prices are. Quote Link to comment Share on other sites More sharing options...
Billy Ray Valentine Posted October 14, 2014 Share Posted October 14, 2014 last 3 days....NN1 + 15 miles, On the first 3 pages 14 drops/fails out of 30 listings, so approx 50%. 2 things, 1) I only have the local property bee database so it could be more. 2) It looks like that continues to about £250K where that pattern stops. Top end collapse by the look of it. People realising maybe that there is no one out there going to pay 2007+50% for their houses. My search for houses from £210 and below for the last 3 days shows 47 listed of which 17 reductions so just over 30%. Still some crazy initial asking prices coming on though. Quote Link to comment Share on other sites More sharing options...
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