The house price crash comes home to roost for Phil Spencer

carolt

fc123 wrote: »

I confess, I confess I am more a Christian Bale fan...but he doesn't do everyday telly progs.....but Phil's not that bad??? Is he?

Oh yes he is.

Just googled Christian Bale - he looks normal enough.

I'll let you off and view it as brief attack of....indigestion, or something.

spuds_2

I think Homes Under the Hammer and Property Ladder will keep going, but we will see an end to L,L,L type shows where the emphasis was 'get on the ladder', and 'buy this and make a profit when you sell'. I honestly think most people have lost their appetite for shows that ramp up the market and are all about money. In these straightened times there will be a return to old-fashioned values and seeing your house as a home, not an investment.

Well, for a bit anyway, then it will all start again.

PasturesNew

The HutH flat today was a boo-boo-buy.

A nicotine-stained, filthy old first-floor, one-bed flat in Penfold Place, Marylebone.

Guideprice of £155k; woman bought it for £251k, oops - got over-excited and so had to pay £8k stamp duty. Which annoyed her. Then, excitement over, she said she thought she paid too much and should have stopped at £230k.

She spent £13k doing it up. So at this point we have 251+8+13=£272k

Enter the cheesy agents. One said it was worth £265-270k. Admittedly the other one said "put it on for just under £300k", which she seized on with glee. However, Lucy pointed out that if you believe the first agent then a loss would be realised.

The buyer said "... sit on it long enough, get rent for 2-3 years, hopefully the price will be better"

Here's the LR entry - number 23
http://www.houseprices.co.uk/e.php?q=penfold+place+&n=10

Looking at Rightmove, there's one on with Foxtons in that block, £285k.
http://www.rightmove.co.uk/viewdetails-19851977.rsp?pa_n=1&tr_t=buy&mam_disp=true

WTF?_2

spuds wrote: »

I think Homes Under the Hammer and Property Ladder will keep going, but we will see an end to L,L,L type shows where the emphasis was 'get on the ladder', and 'buy this and make a profit when you sell'. I honestly think most people have lost their appetite for shows that ramp up the market and are all about money. In these straightened times there will be a return to old-fashioned values and seeing your house as a home, not an investment.

Well, for a bit anyway, then it will all start again.

I hope Grand Designs stays but the rest of them can go jump under a bus as far as I care.

StevieJ

chrisandanne wrote: »

Hi Stevie. I have been away reading the thread from the man in a house he bought to do up and is stuck now with a 6 x mortgage he can't afford.

I do think you have a problem with prices dropping, just from the tone and content of your posts, it doesn't please you does it, admit it. As for 70% drops, you can agree or disagree, but I am only monitering my small area and unless someone waves a magic wand, they WILL fall 70%. There are 50% drops already on some properties and this STILL makes them 100% more expensive than they were 6 years ago. And guess what...they are not being 'snapped up' by btl'ers because they are still falling and the market is flooded with rental properties the owners can't sell. So it's all good news.

I hate generalisation, so when you say prices won't do this or that as a blanket statement, yes it does annoy me. And I enjoy links posted to news stories or rightmove houses because this informs me....why did it upset you so much ?. You should keep an open mind. Anyway as Fc says it's good to hear all sides.

Fc...I really laughed...He doesn't know !!!!!! has a dog...you were joking right. :rotfl: A x

What I find bizzare is that I havn't got a clue who these people are Krusty/Kirsty the peron who has gone bankrupt etc but you lot seem experts on these housey programmes. I sometimes think you lot are the only ones who watch them.

StevieJ

Oh I forgot.
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neverdespairgirl

fc123 wrote: »

..but Phil's not that bad??? Is he?

Sorry, fc, he is that bad. Yuck.

neverdespairgirl

carolt wrote: »

I'll let you off and view it as brief attack of....indigestion, or something.

There's nowt so queer as folk....

napoleon

Phil Spender is a shyster of epic proportions. It's just a pity he isn't the "one member of staff being made redundant."

hethmar

fc, cant say I fancy Phil - but then he probably wouldnt fancy me either. I think its the voice that gets my goat - oh and on a trail for something or other where celebs were asked what "annoys you the most about your (tv) partner" - Krusty said it was his erm constant "wind" problems :eek: My OH fancies Beeney aswell - I think its not a case of a well stuff wallet with her, more a case of the over stuffed jumpers.

Steve I wish youd stop doing that, its as bad as strobe lighting.