Sunday, August 16, 2009

Quickly, join in the recovereh before it’s too late!

IT'S RIGHT UP YOUR STREET

Britain is awash with bargain priced houses costing as little as £29,000. However, would-be buyers will have to act fast, as experts warned last night prices in many parts of the country are rising. The deals are so good that estate agents have begun to report back-to-back appointments for viewings and bidding wars breaking out ­between first-time buyers. “Now is the time to buy,” said Aaron Turner, of Lookforaproperty.com. “If you’re looking for a fabulous long-term investment it’s hard to go past property right now." A survey published yesterday by one property website forecast house prices rising by up to 50 per cent over five years. Liam Bailey of Knight Frank Estate Agents said buyers are being too cautious about grabbing one of the many bargains now available.

Posted by little professor @ 01:25 AM (2021 views)
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15 thoughts on “Quickly, join in the recovereh before it’s too late!

  • House prices have come down a bit….but are hardly at ”bargain prices”. What rot.

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  • Blockernzotmail. Com says:

    They are hitting new highs in ramping pap. Some of the quotes by EAs etc in it are just so dammed awful and unsubstantiated backward logic.
    Even i had to sign up on the website to post on it…

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  • Excellent satire from the Express.

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  • “While London continues to remain in a price league of its own, there are still bargains to be had. A one-bedroom terraced home in Thamesmead is £105,950.”

    Toxic Thamesmead? The same one that most people can’t get a loan on? 100k looks expensive.

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  • Oh I do love Sibley’s comments at the bottom. What a daft git – not a clue about exponential wealth creation and this large ponzi scheme by the banks. Oooh and let’s not forget the world is focusing on deleveraging. LOL – I find it so funny how he label’s all hpc’ers as lazy idiots who don’t want to work as hard as he does. I hope he enjoys paying longer than the rest of us for his poxy little home.

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  • you have always been able to buy houses for less than 30k in parts of lancashire, but i wouldnt want to live their nor even rent it out, they are run down grotty areas, long term they are not even a good investment unless you buy several streets and demolish them..

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  • little professor says:

    Sibley’s just a troll playing with you guys, it’s sad how so many on the forums pay him so much attention

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  • Been to an EA yesterday. Read the following notice on window “Urgently, looking properties for sale to replace many many many sold in XXX area” and “Properties in XXX area looking for highly MOTIVATED buyers”. This is the EA that recently had to close 2 out of 3 branches in my city.

    I think this is truly turning into a casino. No body wants to do a deal at fair price anymore. Everyone is a gambler and believes even if they don’t have a good hand, they can win the game just by bluffing.

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  • @LP – “Sibley’s just a troll playing with you guys” – Undoubtedly yes but unfortunately when he posts under articles such as this one, there’s an outside chance that someone even more stupid might believe him.

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  • stillthinking says:

    Even the most impatient of buyers should stay out of the market before the impact of government cuts. Price changes occur at the margin and even if the cuts are only 5% overall, they will certainly affect buyer affordability. Our insane governments forlorn hope is that the economy recovers before their credit card runs out, missing the point that there wasn’t and isn’t a robust economy in the UK.
    The UK housing market is no longer a sellers market, and the idea that sellers can restrict supply indefinitely because they don’t like the money that is on offer seems very dubious to me i.e. they don’t realise yet that there is no way out for them, if they did we would see a most calamitous breathtaking fall as they all try and dump out at the same time.

    Before the next leg down, the big event will be a sudden rise in the number of transactions, the capitulation phase. Once the sellers work this out, and realise that housing finance isn’t coming back, and worsens with time, then we enter the final leg of collapse. Overpriced assets have collapsed a million times before and always in the same way, like this.

    To strip it down to the bare essentials, a small flat in the UK isn’t worth 150K, and isn’t worth 100K. The ponzi scheme collapsed, its over. Even New Labour realise that credit support of SMEs is paramount, the housing market is drowning alone, and there aren’t enough life buoys to throw out.

    If you are curious, wait for an accelerating blip upwards in the number of transactions, I think this will be presented as a recovering market, but of course it is no such thing, just mass panic. This is the next event in UK housing.

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  • Notice the line “experts warned last night” that prices are rising. It’s like “new, secret data came in late yesterday and experts were urgently called back from their hols to analyse it, and they quickly concluded that prices would rise very soon, so buy now”.

    “A great opportunity, but you must buy now” is the hokum used by hucksters and snake oil sellers through the ages. Oh, and which of these three cards is the Queen of Hearts?

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  • @8, stillthinking
    Well said, nothing more to add other than, patience is a virtue.

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  • Liam Bailey of Knight Frank is not talking for the majority of UK homeowners. Perhaps he should carry on selling England to overseas buyers. Thanks Liam.

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  • the Express is a fucking comic and posting a link here let alone commenting on its web site just encourages all concernet to take it far more seriously than it deserves.

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  • greenshootsandleaves says:

    Makes you wonder whether some of the comments in the Express came from members of the National Association of Estate Agents on special assignment. For all we know, the NAEA may have infiltrated this site too (the recurring comments about sad, bargain-seeking vultures/doom and gloom merchants are a possible clue)! ‘Whatever for?’, do I hear you ask? Possibly so they can claim that, even on HPC, people are having to accept that prices are on the rise! There is, however, nothing sustainable in the market vision described in the article, just the usual concepts (‘There are bargains out there, but hurry, don’t even stop to think or you’ll miss out!, etc.) someone hopes will lead to a return to 2007. Next time it’ll be yet another reference to the return of gazumping and sealed bids. Now then, the power of suggestion can do many things but it cannot help some mug punter scrape together a hefty deposit.

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