Tuesday, July 3, 2007

Mobile home in Wales for half a mil, anyone?

Housing market madness as mobile home goes on sale for half a million

"It is not even a joke any more. There is no sense in it - prices here have gone absolutely crazy."

Posted by papabear @ 03:04 PM (459 views)
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23 thoughts on “Mobile home in Wales for half a mil, anyone?

  • Looks like this is a similar MO to the Florida land bubble of the 1920s. That ended in misery too
    after negative press and storm flooding.

    http://www.investopedia.com/features/crashes/crashes4.asp

    http://en.wikipedia.org/wiki/Florida_land_boom_of_the_1920s

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  • With sea levels expected to rise The Warren should be full of wet unhappy bunnies in a few years. No problem though, it looks like the trailers should float ok.

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  • “It is not even a joke any more. There is no sense in it – prices here have gone absolutely crazy.”

    I started thinking this last September when I accepted that only a bank job could afford me a place to live.

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  • It is quite nice, but totally ridiculously priced.

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  • It is only a 20 year lease. With the ground rent, and cost to the cash of 6%, that is £59,750 p/a, or £4,979 pm rent! In Wales!!!

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  • it is a publicity stunt….

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  • dohousescrashinthewoods says:

    You can almost count the hours to HPC..

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  • bidin'matime says:

    “Both locations have steps to go down to the beach, although it is not a private beach.”

    Steps?! Not a private beach?! I was just about to put a deposit down on it, but changed my mind when I got to that bit…

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  • Uncle Fargas says:

    “We feel strongly that if someone buys a holiday home with us, then they are not buying bricks and mortar in the village, and we are not interfering with the local infrastructure”

    In fact they are not buying bricks and morter at all! More like cardboard and glue.

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  • uncle chris says:

    It’s 1636 and I’ve got a pretty tulip bulb to sell – a rare Violetten Admirael van Enkhuizen bulb – a bargain at only 5,200 guilders.

    Following extract taken from a Businessweek article ….

    “Soon after, the tulip market crashed utterly, spectacularly. It began in Haarlem, at a routine bulb auction when, for the first time, the greater fool refused to show up and pay. Within days, the panic had spread across the country. Despite the efforts of traders to prop up demand, the market for tulips evaporated. Flowers that had commanded 5,000 guilders a few weeks before now fetched one-hundredth that amount.”

    Sound familiar?

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  • Wow it comes with a HD TV! No wonder it’s half a million!

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  • 12 months ago wooden beach sheds were selling for similar money on the West coast of America. Now look at it.

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  • You can’t live in a tulip bulb

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  • Yes, but I couldn’t live in a Welsh caravan either!

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  • bidin … I was OK with no private beach but when, close to then and to my horror, I discovered there was no swimming pool either, I have to put my cheque book back in my pocket!

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  • Abersoch is where all the rich ex chavs from Manchester & Liverpool have a little place for the weekend so they don’t have to tow their waterborne toys behing their 4×4’s.

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  • Umm, let me see?

    Live in a high quality tent on a rented pitch close to the beach, £150 per week high season = £7,800 pa

    Buy a hut next door on finance £500,000 @ 7% pa = £35,000 pa

    Any takers for the hut?

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  • Abersoch has always commanded joke prices. Round here we refer to it as Cheshire-by-the-Sea. More than half the village is made up of holiday homes and, in the winter it is a ghost town. The market started to fade there a few years ago until a rumour sprang up that Posh & Becks had been seen in the local estate agents. If you ask me, the agent had something to do with the rumour starting!!!

    Move a few miles North, to the West coast of Anglesey, and the village of Rhosneigr is following suit. Prices have gone through the roof over the last couple of years – topping £1 million is not that unusual for a house with a good sea view. IMHO it really is a dump, with nothing much there, apart from noisy jet planes from RAF Valley overhead virtually all day. The kite surfing is good when the wind is right though. Now here there was a rumour that Jude Law had been seen on the beach and was intending to buy a holiday home!!!

    Move East to Deganwy (near Llandudno). The new marina there has just about been completed. A 2 bed penthouse flat will set you back over £650K. It is a favourite haunt for some people whose faces you normally see on Coronation Street. and others playing football on TV. The locals now refer to Deganwy as Manchester-by-the-sea.

    The new marina at Caernarfon is under construction. The rumour put about there is that Bryn Terfel has just bought a flat for £700K although personally I wouldn’t give you more than £200K. (the new marina at Holyhead is better value and more user friendly for yachtsmen) The sheeple will probably want a piece of the action though.

    With all these ‘hot spots’ the market is driven by speculators from outside the area. These sheeple readily fall for the celebrity viewing rumours, which have obviously become the normal marketing ploy. You would think that as the speculators have created their own market bubble then this would collapse in harder times, but in the last crash, demand remained high in Abersoch while values slumped in Pwllheli, which is only a couple of miles down the road.

    I’ve given up trying to figure it out, but one thing is for certain, it isn’t just London where silly prices are achieved. The locals haven’t got a cat in hells chance of competing and this resulted in the fire bombing of holiday homes campaign a few years ago.

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  • You know, I’m going to show the media how mad the market REALLY is by selling my shoe for ONE MILLION DOLLARS.

    I wonder if anyone will actually buy it?

    (meanwhile checks email inbox and sees another ten new property notifications. Takes mental note that a flooded inbox is a sure sign of a flooded London property market … )

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  • japanese uncle says:

    I don’t know what you are talking about. Half a million yen is a reasonable price. It’s a good buy.

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  • george monsoon says:

    I usually go camping about 5 miles up the road at Hells mouth. a nice 5 mile sandy bay all to my self with “steps down to the beach”

    6 quid a night, and you can have your own fire !

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  • “6 quid a night, and you can have your own fire !”

    7 quid a night and Myfanwy will keep you warm!

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  • Time to track it on propertysnake. as the biggest faller 🙂

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