Jump to content
House Price Crash Forum
Sign in to follow this  
Guest X-QUORK

Hips, Schmips...

Recommended Posts

Guest X-QUORK

Remember a couple of years ago when we thought HIPs might be the trigger for a crash? They really were the subject of the day and a lot of emphasis was placed on how they would take speculative sellers out of the market.

Fast forward to now and the HIP is totally inconsequential compared to the reality of the Credit Crunch. Funny old world.

Share this post


Link to post
Share on other sites
Remember a couple of years ago when we thought HIPs might be the trigger for a crash? They really were the subject of the day and a lot of emphasis was placed on how they would take speculative sellers out of the market.

Fast forward to now and the HIP is totally inconsequential compared to the reality of the Credit Crunch. Funny old world.

Not to Krusty, they're not! HIPS and Stamp Duty are solely responsible for the slight 'flattening' of the market.

Share this post


Link to post
Share on other sites

They just arnt worth a w@nk anyway

We looked at about 20 houses before we bought one and never looked at a single one.

As with everything labour do, it started as a good idea and ended up as a watered down waste of time and money.

Share this post


Link to post
Share on other sites
HIPS eh.

Let's take bets as to how long they will last after the Tories get in.

I reckon they'll be gone by 2010.

No way as the Cons are just as keen a nu-labour in messing with our lives and making a buck along the way.

Wait untill the seller needs to get an electrical test done on the house and the buyer then gets 2 years to bring the electrics upto date ?

Already happening in parts of europe as begs the question who's house is iot anyway.

Share this post


Link to post
Share on other sites

Would the government actually end up making the crash even worse of the dumped them now though?

Lots of people won't have put their property on the market because they are going to spend £400 when there is little chance of selling.

If you suddenly don't need one then some of those people may change their minds and put their houses on the market, speculatively, adding even more to the massive stock of unsold properties. Hence, more choice, fewer buyers per property and a faster rush to the bottom.

Share this post


Link to post
Share on other sites
Would the government actually end up making the crash even worse of the dumped them now though?

Lots of people won't have put their property on the market because they are going to spend £400 when there is little chance of selling.

If you suddenly don't need one then some of those people may change their minds and put their houses on the market, speculatively, adding even more to the massive stock of unsold properties. Hence, more choice, fewer buyers per property and a faster rush to the bottom.

This implies people put their property on the market for fun.

Share this post


Link to post
Share on other sites
This implies people put their property on the market for fun.

If they're happy to sit around for years without selling, like a lot of vendors seem to be, then it must be the case!

Share this post


Link to post
Share on other sites

I will insist on seeing the HIP everytime, its free information to me.

If you dont like EAs then you should always instead on a HIP if viewing. They can be fined if one is not available.

It also forces the seller to layout £100's so you know they have made some committement to sell (rather than flying a kite).

VMR.

Share this post


Link to post
Share on other sites

Not quite HIP's but EPC's { energy performance certificates} , landlords will be required to have one of these from 1st Oct on all new tenancies so the tenants know how energy efficiant there prospective rentals are .... another nail in the coffin for all the amateur BTL brigade :lol:

Edited by grey shark

Share this post


Link to post
Share on other sites
Not quite HIP's but EPC's { energy performance certificates} , landlords will be required to have one of these from 1st Oct on all new tenancies so the tenants know how energy efficiant there prospective rentals are .... another nail in the coffin for all the amateur BTL brigade :lol:

but....but... there is a housing shortage, surely yuo just grab em while you can, beggars cant be choosers you know.

Share this post


Link to post
Share on other sites
I thought the energy certificate part of HIPS was needed for us to comply with the Kyoto agreement?

Buckers

The EPC part is from some EU law, but the rest of the HIP is just typical Labour gold-plating, adding extra crappy rules for no reason.

The HIP is having bugger all effect, but the VIs like to blame it because then they might have to let the thought that houses were overvalued enter their heads. Most of these HIP companies will be liquidised soon anyway, since pretty much no one is buying or selling houses right now.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 399 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%



×
×
  • Create New...

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.