Thursday, February 7, 2008

watching a crash happening in real time

The British property crash - Live!

FT watching this HPC blog site again.. "Couldn’t do this the last time house prizes went into a sharp downward spiral, about seventeen years ago. But now you can watch it from your desktop, over a lunchtime sandwich. Go to Barnard Marcus online auction here. Enter your name and email address (simple as that, no registration) to see what sells and for how much - if they sell at all, that is. On Thursday, dozens of properties either remained unsold or changed hands at a substantial discount to the last recorded sale price. As of 2pm, London time, the auction was about half way through some 260 lots."

Posted by happyrenterz @ 02:16 PM (1541 views)
Please complete the required fields.



13 thoughts on “watching a crash happening in real time

  • Reply
    Please complete the required fields.



  • Oh dear, I think there server just fried.

    Reply
    Please complete the required fields.



  • LOT 116:-

    Why are they trying to sell a flat worth no more than £170,000 for £284,000????

    No wonder no one bought it.

    Reply
    Please complete the required fields.



  • Sacred Contracts says:

    Fascinating – I just saw some backwards bidding!

    Reply
    Please complete the required fields.



  • This is essential viewing. riveting. bought my house at auction in august last year, sold it in jan

    Reply
    Please complete the required fields.



  • I live on this street. (I rent)

    I’d say £170,000 is a bit generous for a studio!

    Reply
    Please complete the required fields.



  • There’s Barnard Marcus boards springing up all over Woking at the moment. Anecdotal I know but I swear their a growing population, not all are houses mind, I’ve seen a few plots of land that people are obviously disposing of as well.

    Regards,
    Phil

    Reply
    Please complete the required fields.



  • I’m a sad fooker, this is compulsive viewing. I’ve just clicked on the next 3 lots, the vendor is listed as HBOS in all 3. I’m off to click on some more.

    Reply
    Please complete the required fields.



  • betting office vacancies.. any unscrupulous Stockbroker or EA need only apply!

    Reply
    Please complete the required fields.



  • Didnt see it live, but just looking at the results, all of the first 14 went for more than the guide price – Lot 14 guide price £500k plus, went for £1,230k!! Scary stuff. I just hope the interest rate cut hasnt put us right back where we were in mid-2005…

    Reply
    Please complete the required fields.



  • bidinmatime, er, I didn’t see this either but did you just say lot 14 went for more than two and a half times it’s guide price?

    Reply
    Please complete the required fields.



  • Are AMG the Asset Management Group? Are they the people who manage $250bn of funds out of Chicago and invest in the UK?

    They seem to have put up a large number of these properties in this auction. geting out of the UK market before it slides, maybe?

    The “smart money” says SELL – Anyone else have a view?

    Reply
    Please complete the required fields.



  • Saw a Manchester flat that sold for £180k in 2005 (according to LR) go for £106k. Very interesting.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>