House Crash

youcanhandlethetruth · 10-06-2008, 10:59 PM

My god !

Oops too few characters.......

TannyD · 12-06-2008, 05:15 PM

Quote:

Originally Posted by youcanhandlethetruth

My god !

Oops too few characters.......

Really, explain?

For_England · 12-06-2008, 06:44 PM

well i need to sell up and move to the UK soon, so I hope house prices are cheap.

Aardvark · 20-06-2008, 11:31 PM

Getting cheaper by the day.

youcanhandlethetruth · 26-06-2008, 05:51 AM

Quote:

Originally Posted by TannyD

Really, explain?

As you would say "I haven't got time....... " ?

TannyD · 26-06-2008, 01:29 PM

Quote:

Originally Posted by youcanhandlethetruth

As you would say "I haven't got time....... " ?

Finally, it seemse you are getting into the spirit of the game.

Well Done!!

brian pearson · 26-06-2008, 05:49 PM

Quote:

Originally Posted by For_England

well i need to sell up and move to the UK soon, so I hope house prices are cheap.

Some of us would say that if you bought a house now it will continue to lose value for the next two years. No big sudden losses but a slow grinding loss of value.

Some would say that now is a great time to buy. Normally estate agents desperate to stoke up the market. Ignore them!

House prices aren't cheap. They are ridiculously over priced mainly due to the naive greed fuelled by brain dead property programmes and idiot bankers willing to lend daft multiples of income 'because house values will rise forever'.

Morale is.....never trust someone who calls himself a property expert. They know no more than you or me!

brian pearson · 01-07-2008, 09:04 AM

Nationwide figures show house prices fell 1% in June compared with 2.5% in May.

The end of the reductions? Expect rises in July.............

My guess is that we will continue to see steady monthly falls of between 1 and 3% for some time yet.

Aardvark · 01-07-2008, 01:17 PM

The most pessimistic official report puts houses on a decline in value of 28% from their peak. Optimistic ones are saying 9%.

The clues are there for all to see:

BBC NEWS | Business | Market Data | Shares | London | Bellway

BBC NEWS | Business | Market Data | Shares | London | Barratt Developments

BBC NEWS | Business | Market Data | Shares | London | TAYLOR WIMPEY

The people investing in property companies know more about the long term prospects than individual buyers.

BBC NEWS | Business | Market Data | Shares | London | Alliance & Leicester

BBC NEWS | Business | Market Data | Shares | London | Bradford & Bingley

The people investing in our major mortgage lenders are also less than happy. There is something bigger than the Northern Rock crash brewing. Barratt bought Wilson for £2.2bn last year. The combined group is now worth less than £300 million and Barratt owes £1.7 billion. If the big builders collapse they will put their entire stock out to auction to satisfy creditors or they will have to find an equally broke builder to take on their assets. The banks are already twitching about Barratt. The other builders are in the same boat.

Worst case could see Wimpey, Bellway, Persimmon and Barratt go bust in the next 6 months. What will the 'Polish' builders do then?

Mikeuk · 01-07-2008, 01:26 PM

The good news is that the concreting of the countryside has come to an abrupt stop.

Once the Poles and other outsiders have returned we will see that far too many flats have been built and the values of flats will remain bombed out for years to come.

Once the public are satisfiied that prices have bottomed-out first-time buyers will return to the market.

10-06-2008, 10:59 PM	#161 (permalink)
youcanhandlethetruth Uber Member Join Date: Sep 2007 Posts: 2,582	My god ! Oops too few characters....... __________________ Before tyranny and television, "conspiracy theorists" never existed. cointelpro/halfwits(in order of Porkpies) Clippo,Wowbanger TIP,agni,Akria,Besoeker,Bear,Eurosceptic Antlantacist

20-06-2008, 11:31 PM	#164 (permalink)
Aardvark Moderator Join Date: Dec 2004 Location: Oxonia Posts: 3,987	Getting cheaper by the day. __________________ When in Woking do as the Wokes do. "I do not wish to form my opinions by thoughtlessly quoting others; I wish others to support their opinions by sensibly quoting me." Paul Wesson (Aardvark) 13th April 2008

01-07-2008, 01:17 PM	#169 (permalink)
Aardvark Moderator Join Date: Dec 2004 Location: Oxonia Posts: 3,987	The most pessimistic official report puts houses on a decline in value of 28% from their peak. Optimistic ones are saying 9%. The clues are there for all to see: BBC NEWS \| Business \| Market Data \| Shares \| London \| Bellway BBC NEWS \| Business \| Market Data \| Shares \| London \| Barratt Developments BBC NEWS \| Business \| Market Data \| Shares \| London \| TAYLOR WIMPEY The people investing in property companies know more about the long term prospects than individual buyers. BBC NEWS \| Business \| Market Data \| Shares \| London \| Alliance & Leicester BBC NEWS \| Business \| Market Data \| Shares \| London \| Bradford & Bingley The people investing in our major mortgage lenders are also less than happy. There is something bigger than the Northern Rock crash brewing. Barratt bought Wilson for £2.2bn last year. The combined group is now worth less than £300 million and Barratt owes £1.7 billion. If the big builders collapse they will put their entire stock out to auction to satisfy creditors or they will have to find an equally broke builder to take on their assets. The banks are already twitching about Barratt. The other builders are in the same boat. Worst case could see Wimpey, Bellway, Persimmon and Barratt go bust in the next 6 months. What will the 'Polish' builders do then? __________________ When in Woking do as the Wokes do. "I do not wish to form my opinions by thoughtlessly quoting others; I wish others to support their opinions by sensibly quoting me." Paul Wesson (Aardvark) 13th April 2008

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12-06-2008, 06:44 PM	#163 (permalink)
For_England Senior Member Join Date: Jul 2007 Posts: 1,869	well i need to sell up and move to the UK soon, so I hope house prices are cheap.

01-07-2008, 09:04 AM	#168 (permalink)
brian pearson Senior Member Join Date: Dec 2005 Location: nottinghanshire Posts: 758	Nationwide figures show house prices fell 1% in June compared with 2.5% in May. The end of the reductions? Expect rises in July............. My guess is that we will continue to see steady monthly falls of between 1 and 3% for some time yet.

01-07-2008, 01:26 PM	#170 (permalink)
Mikeuk Banned Join Date: Feb 2005 Location: Fareham Posts: 5,758 Party: Conservatives	The good news is that the concreting of the countryside has come to an abrupt stop. Once the Poles and other outsiders have returned we will see that far too many flats have been built and the values of flats will remain bombed out for years to come. Once the public are satisfiied that prices have bottomed-out first-time buyers will return to the market.