the failure to build enough homes in recent years means uk house market could start a

hethmar

pickles110564 wrote: »

Not quite right, A man and his digger to do the footings only would cost £150 cash ( I know this because I have paid this on the last two we have done).
Brickies charge about £140 each a day cash.
On average you would be lucky to get a detached house built by a gang in less than 4 weeks.

Well, I guess if you are talking black market workers, thats a bit different isnt it and not something I could condone. Even then with your cash paid gang you are talking thousands for the shell.

Digging the footings are the minor works for the foundations, if you have had that done (in one day? that must be a small house) you will know that the concrete works and the reinforcements, depending on the area of the country you are building on will cost thousands. Or may be you didnt have planning or building regs if you used all cash in hand workers.

scousethife

andys15 wrote: »

post will be reported as will the other one you posted on another thread. When you have to resort to personal insults to get your point across then you are really losing the argument, or any respect for your argument.

Oh my god noooooo

what ever will I do?

The class retard is telling teacher on me.

I might get set lines

The class retard who is still vainly and patheticaly trying to ramp HPI even though EVERYONE else has resigned themselves to the fact houses are dropping quicker than Gary Glitters underpants at a nativity play.

sabretoothtigger

Estate Dude on newsnight says prices are falling which is the first sign of a recovery. Sounds wrong but I can see the sense in that so long as people can get some money together

casper_uk

sabretoothtigger wrote: »

Estate Dude on newsnight says prices are falling which is the first sign of a recovery. Sounds wrong but I can see the sense in that so long as people can get some money together

Good to see we had a balanced discussion on newsnight, two estate agents pedlng lies! *shakes fist*

steadysaver

pickles110564 wrote: »

There is no chance of a recovery as early as u think and 100% mortgages are gone for a very long time, bout time you got real son!

Has someone hacked your account pickles?

darktrader

casper_uk wrote: »

Good to see we had a balanced discussion on newsnight, two estate agents pedlng lies! *shakes fist*

I saw it. (Well, one Estate Agent and that "How to make a £million from Property" chap. The prefect Double-Act.)

I could hardly believe my ears. That "£Million" man saying that the UK Economy was built on rising property values and that was all right.

Worse was the Treasury Minister before them who just refused to admit that 125% mortgages were "wrong" and, even worse, just would not answer the question about 125% Mortgages being offered by Banks that the Government has a stake in. (Not saying that she agreed with it - careful to keep stating that the Government should not interfere with day-to-day running.)

Sadly for many the growing numbers of the unemployed will make it all a mute point. Along with enough people believing that Property values still has a way to fall.

Still a concern though. Perfect time to draw a line under the past, but no Government Minister will say it. Perhaps they hope for a "bounce" in a year's time so they can call an Election?

andys15

scousethife wrote: »

Oh my god noooooo

what ever will I do?

The class retard is telling teacher on me.

I might get set lines

The class retard who is still vainly and patheticaly trying to ramp HPI even though EVERYONE else has resigned themselves to the fact houses are dropping quicker than Gary Glitters underpants at a nativity play.

i have been trying to think of a suitable retort, that would bring me down to your level, but with out the swear words and un pc words. All I can come up with is.

WHATEVER

StevieJ

I am not sure anyone has mentioned this but in the past when banks gave high loan to equity mortgages they used to insure the difference say above 85% and charge the customer.

StevieJ

darktrader wrote: »

Still a concern though. Perfect time to draw a line under the past, but no Government Minister will say it. Perhaps they hope for a "bounce" in a year's time so they can call an Election?

They are in charge of the levers, even more so now they control thebanks.

Conrad

scousethife wrote: »

EVERYONE else has resigned themselves to the fact houses are dropping quicker than Gary Glitters underpants at a nativity play.

Investment physchology tells us the herd is usually wrong.
The herd thought prices would never fall - yet they did.
Now the herd thinks prices will continue to fall.............mmmm.

Where I am there is almost no distressed selling, and unemployment has not risen and the only stuff with deep discounts are new build flats, and even many of those the developers would rather let out or sell to housing trusts than give a deep discount.

Interest rates will probably fall (despite inflation) and FTBs will come back I think, agterall they've had over a year now to save that 10% deposit.
They will see prices have fallen and that the mortgage is much more affordable and faced with renting from a landlord or owning, many will opt for the latter even if they think prices could fall some more.