UK Property to HALVE Between Now and July 29, 2010

fc123

Cleaver wrote: »

In Wigan (and I'm sure the surrounding areas) you can buy a pie barm. This is a meat an potato pie (usually) in a roll / bap / cob / ciabatta or whatever your local term is for a bread roll.

So it's basically carbs (potato), wrapped in carbs (pastry), then encased in carbs (the 'barm').

Me and Mrs C haven't had one yet, but we're planning a day trip out to Wigan to sample one each. When in Rome...

Edit: found a pic.

I have no words to say...I am staring at the pic....do people really eat this product?

Cleaver

fc123 wrote: »

I have no words to say...I am staring at the pic....do people really eat this product?

My friend works in Wigan and people sometimes have it for lunch in the office.

I feel it will only be a matter of time before someone comes on and points out that Wigan has sushi, tapas, nice sandwiches, cocktails and everything else that the modern world has. But they do eat this too. I believe it's also known as a 'Wigan Kebab' in the local parlance.

I'll let someone else explain pea wet.

Alan_M_2

Is the roll buttered? That might be just a bit too much fat for me if it is.......

HAMISH_MCTAVISH

Cleaver wrote: »

But unnafordable houses brings misery to many. As a whole, it's healthy for things to rise slowly. In every walk of life. Your job / career, a relationship, your hobby and, yes, house prices. Slow and steady. Walk before you can run.

Because when house prices go up really quick it causes problems. It means that that, a) people can't afford a house and b) people who did manage to buy a house then see a crash, and their home lose value very quickly. What's the point?

Surely there is a middle ground, where houses rise roughly in line with the rest of the economy, which is hopefully rising in a steady, sustainable, controlled way.

Absolutely. It would be nice if houses, or stocks, or gold, or whatever, just rose at a similar amount every year, slow, steady, boring......

But markets don't work that way.

And houses will continue rising over the long term until house building exceeds population growth. Interventions in regulating credit etc may narrow the peaks and troughs, but the underlying upwards trend will remain constant.

fc123

HAMISH_MCTAVISH wrote: »

Absolutely. It would be nice if houses, or stocks, or gold, or whatever, just rose at a similar amount every year, slow, steady, boring......

But markets don't work that way.

And houses will continue rising over the long term until house building exceeds population growth. Interventions in regulating credit etc may narrow the peaks and troughs, but the underlying upwards trend will remain constant.

Oh.... I forgot what the thread was about now...sorry HM.

So, who is going to show me a pea welt?

Davesnave

fc123 wrote: »

Oh.... I forgot what the thread was about now...sorry HM.

So, who is going to show me a pea welt?

Can't do that, but from my part of the country comes hogs pudding and laver:
http://images.google.co.uk/imgres?imgurl=http://www.bbc.co.uk/devon/discovering/images2/laver_bacon_breakfast_270.jpg&imgrefurl=http://www.bbc.co.uk/devon/discovering/taste/laver_bacon_breakfast_recipe.shtml&usg=__L4gJFBve0LJH8y-A0J40y_16_tA=&h=165&w=270&sz=12&hl=en&start=1&um=1&tbnid=F7hR_b_XOMHAUM:&tbnh=69&tbnw=113&prev=/images%3Fq%3DDevon%2Blaver%2Bbacon%26hl%3Den%26rlz%3D1T4GGLG_enGB307GB307%26um%3D1

Unfortunately, the BBC couldn't manage a decent piccie and most others attribute laver to the Welsh, so here's Wiki's better picture, just to give you an appetite:


Bloomin' lovely m'dear....

To stay on topic, I bet if prices do crash another 50%, they'll do it in Swansea long before Barnstaple.

LisbonLaura

HAMISH_MCTAVISH wrote: »

Absolutely. It would be nice if houses, but the underlying upwards trend will remain constant.

Even when some land prices dive 75% Hamish?

http://edinburghnews.scotsman.com/la...for.5447971.jp

Though you could be right, but only when Sterling falls off a cliff,
http://www.telegraph.co.uk/finance/finance...-warns-IMF.html

so maybe you ought consider the price of bread & the cost of staying warm in winter; especially with the 8 month heating season in your part of the world.

The value of property will be of minor concern within a decade.

HAMISH_MCTAVISH

LisbonLaura wrote: »

Even when some land prices dive 75% Hamish?

http://edinburghnews.scotsman.com/la...for.5447971.jp

Though you could be right, but only when Sterling falls off a cliff,
http://www.telegraph.co.uk/finance/finance...-warns-IMF.html

so maybe you ought consider the price of bread & the cost of staying warm in winter; especially with the 8 month heating season in your part of the world.

The value of property will be of minor concern within a decade.

:rotfl::rotfl::rotfl::rotfl:

Hi Laura, saw you trying to bait me with that one on HPC.

Gosh, with BIG RED LETTERS and everything.

Have you been spending too much time with Eric Pebble again sweetie???

As even the bears noted over there....... It wasn't a fall of 75% at all.

According to The Scotsman, the plot has a partially built structure on it, and when advertised for a million, it was on the basis that it included a finished house.

Other plots were advertised for 300K or 400K, not a million. So to buy this one for 250K, you are comparing against other properties of 300K or 400K, for a discount of about 30% or 40%. Not a bad discount mind, but considering it was sold as part of a distressed sale due to the developer going out of business, and also as part of a larger bundle of properties from what was said, hardly abnormal.

If you want to see the prices of houses in Edinburgh, you can check the latest ESPC report of actual sales prices, which of course shows Edinburgh is doing rather well from the spring bounce, with an uplift of 15% plus so far. Down around 10% YoY, but still rising. And up markedly from the lows of last winter, which were around 22% off peak.

And finally, as I don't live in Edinburgh, I actually couldn't care less about what land prices do there, but nice try.;)

carolt

Cleaver wrote: »

I thought I'd just post something I thought was interesting, rather than argue back and forth. A map of west Manchester / Salford:




The single red dot is near to where they were talking about in the article Dopester posted. You can get a 3-bed house right on that red dot for £58k.

The double red dot, a few hundred yards away on the opposite side of Buile Hill park is a 5-bed house for £400k.

The single blue dot is a 4-bed house for £250k

The double blue dot is a 2-bed terrace for £55k.

Then just 1/2 mile south, on the single green dot you can buy a 2-bed flat for £685k.

It's strange having such diversity of property in such a small area. And kinda shows that when you say an area, like Salford (and this is pretty much all one postcode area) is of a certain type, you're invariably wrong. The area where the single red dot and double blue dot are are areas of real deprevation, poverty, crime and not-very-niceness. The area north of the park (double red and single blue!) is such a nice area. Views of the park, lovely houses. All within such a small space.

There is no point to this post whatsoever. But Sex on the City is on the Cleaver television, and this is more interesting.

V interesting - and precisely why my OH, who's from Manchester and has loads of friends/family there, won't live there - because even in your nice safe house in a pleasant area, you're only a few minutes' bike ride/stolen car ride away from some crack-crazed nutter who fancies breaking your windows/legs. (Friend experienced the latter at uni there.)

Shame, as I do sometimes pass the time daydreaming what we could afford to buy if we lived up there; could easily transfer there.

But......

Do agree with your point that there are parts of the country where prices have risen less high than others and affordability is greater than others. Obviously, the other side of that particular coin is that there are many places eg whole of down south, where prices are ludicrous.

Also, do bear in mind salaries are lower up north (another reason we moved down south) and jobs harder to come by, so your affordability comparison isn't as clear cut as you'd claim.

Also, must dispute your description of awful areas with cheap prices; I look at Didsbury prices, where we used to live, and a lot of places actually in Burnage but claiming to be in Didsbury ask v high prices considering the near guarantee of being mugged/house broken into..... :eek:

LisbonLaura

HAMISH_MCTAVISH wrote: »

:rotfl::rotfl::rotfl::rotfl:

Hi Laura, saw you trying to bait me with that one on HPC.

Gosh, with BIG RED LETTERS and everything.

My dear fellow one was merely trying to attract your attention as I know how busy you are.

Thank you for your views on the first link I posted, but I really would like your deepest thoughts on the other one SVP.
Here is a reminder
http://www.telegraph.co.uk/finance/finance...-warns-IMF.html

Thxs.