OH MY GOODNESS - the house price crash hits home!

carolt

fc123 wrote: »

I have read bits and pieces of the thread...but not all of it....reading stuff on here is my downtime and this thread got really heated....and I can't be having stress in my downtime.:D


Isn't it a bit like that movie 'Sliding Doors'? I rarely watch films but saw this one a few years ago with G Paltrow, though I heard that a similar film was made in the 1940's.

It showed the outcomes of her life in parallel when she missed the tube and then when she got the tube.


For Carolt, it was one of those bad happenings (she got gazumped) that ended up being a positive thing. CT gets to relocate at minimal cost (as rents) to get DD into school of her choice. DD settles in, and CT can then buy just outside catchment (cheaper) cos once your kid is in, it's for the full 5 or 7 years.
So, good random bit of luck as life is made up of these bits and pieces of luck, whether bad or good. We have to live/adjust around it.

Great post, fc, as always.

Absolutely sums up my attitude - to this and in general.

The best laid plans and all that...

carolt

The more the merrier.

GDB2222

michaels wrote: »

Regardless of the value of the anecdote I think the responses to carolT who is a respected poster on this board (I respect her therefore she is respected) were unnecessarily rude.

Agreed. These ad hominem attacks are really the pits.

Harry_Powell

GDB2222 wrote: »

Agreed. These ad hominem attacks are really the pits.

My opinion is somewhat divided on this. In general I agree with you and wish we could just debate the issues and leave all the personal stuff out of it. On the other hand I feel that when people post threads that seem to be actively antagonistic, then they reap what they sow. Probably the answer would be for people not to be antagonistic one way or the other and everyone will get along much better. Then again, the board would be a much duller place.

It's a difficult one.

Batchy

chucky wrote: »

prove you wrong?? i'd rather laugh at your conspiracy theory. nice one dude :T

Call it a conspiracy theory if you like... its written in black and white at the bottom of statistics. Its all down to interpretation, they arn't doing anything wrong, as they are telling you what they are doing... "sigh".

As I said before people have different opinions, and are entitled to them, if you can't show me to the contrary like I offered you to show me, then I have no reason to change my opinion based on the facts I have gathered personally, as I illustrated in an earlier post in this thread. All my statistics are out in the open... there for anyone to see.

chucky

Batchy wrote: »

Call it a conspiracy theory if you like... its written in black and white at the bottom of statistics. Its all down to interpretation, they arn't doing anything wrong, as they are telling you what they are doing... "sigh".

As I said before people have different opinions, and are entitled to them, if you can't show me to the contrary like I offered you to show me, then I have no reason to change my opinion based on the facts I have gathered personally, as I illustrated in an earlier post in this thread. All my statistics are out in the open... there for anyone to see.

if you don't mind i'd rather look at figures and indexes from people who have a little bit more information that someone sitting at home scanning propertybee that believes in conspiracy theories...

Batchy

chucky wrote: »

if you don't mind i'd rather look at figures and indexes from people who have a little bit more information that someone sitting at home scanning propertybee that believes in conspiracy theories...

You stick with the basis of your argument being based on second hand often 1 month old data which is secondary research.

I will stick with my own, primary research ie collection of data and analysis of data of the Area of interest for me.

silvercar

Under offer already!

I don't know what price, but whatever price they accepted the offer pretty quick.

Lance

The last 6 months, imo, has drawn out the cash buyers and bank of mum and dad. That and the talk of how prices have never been so good and get on the band wagon or else you are lost talk from the press. The Governments change of the tax situation at end of Dec also pushed people to act. I think this 'bank' of cash buyers will be exhausted soon and with the economy getting worse as a new / old Govenment is forced to make large cuts the crash will start again.

Obviously, with regards original OP, you can damage your homes value to someone else. I viewed a semi with shared drive to large garages on both sides except the side I looked at had removed their garage to the bottom of a 30 metre lawn, including digging up foundations, and so inaccesable unless you drive across your lawn and then no power in garage. They wanted more lawn at the front rather than the back and had blocked space in fence with boards leaning against wall and fence.

Arch-Angel

lostinrates wrote: »

To be clear I am seeing things sell, and as I say, some with pretty good profit even from peak, but....its hardly a case of all good is gone, but nor is it nothing at all is selling. Its still a gamble to play any sort of game with sellers, and vice versa, because both buyers and sellers have some choice it seems to me.

This sums up the market quite well for me at the present time. Of course some property is selling; the good property in nice areas will always attract some interest.

Take the 1989-1992 property crash - there were one or two areas in the UK that saw no crash at all. Sandbanks in Dorest is (of course) a VERY nice - and very expensive! - area...but it saw no drop in prices.

Take Cheltenham and Gloucester. Cheltenham is up 2.5% on the last quarter - it's a nice area overall (with some bad elements). Meanwhile Gloucester (which is the poor relation of Cheltenham - a little harsh, but there's more "bad" estates in Gloucester than Cheltenham) is down 2.9% on the last quarter.

My point? Good property sells - no question. What is harder to pick out is how much "good property" is selling when compared to pre-2007. Is there a greater ratio of detached property selling now compared to the peak? Is the market today largely comparable to 2007?