Debate House Prices


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Any HPCers on here?

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Comments

  • LOL...regardless of Nationfix, Halifix and Land Registry Fix, prices are crashing big style! All I see around here (Worcestershire) is masses of FOR SALE signs! It's as if some of the debt slaves thought the worst was over so put there pwoperdees up for sale...only for the debt slaves next door to do the same but for 10-20% less haha!!!

    When you look a little closer at some of the pwoperdees For Sale one can note that they are infact empty and have a A4 sheet of paper taped onto a window...hmm!

    The party is over!
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Are repossessions about to increase?

    House in my road had an auction sign stuck on it this week. Still appears inhabited. Listed by Strakers for auction on 30th of this month.

    So be interesting to see what it realises.

    Noticable increase in For Sale signs also. This must be down to loss of employment rather people actively looking to move.
  • It's great that the Housepricecrash.co.uk rejects like Hamish, ting-tong Sibley, blacklight, etc. can all congregate in the one place and reminisce about the good old days before they got banned for being trolls. This forum is slowly turning into a group therapy centre for these rejects.

    That's all good but the bile oozes out of every posting they make on here though. I just hope that some day they can leave all the bitterness behind and move on with their lives. I fear we have a long wait.
  • nembot
    nembot Posts: 1,234 Forumite
    Agreed, this thread is full of more BS than a typical Hamish thread.

    Pity the HPC forum isn't more forgiving, so we didn't have to read this !!!!!!.
  • poppycod
    poppycod Posts: 1,400 Forumite
    hpc rules!
  • DervProf
    DervProf Posts: 4,035 Forumite
    andykn wrote: »
    You are quite right to be sceptical of statistics.

    And look around you, can you see prices in your area dropping? Do you know personally significant numbers of people losing jobs?


    I know I`m right on statistics. My recent experience, coupled with many examples of "manipulation" that I`ve seen in the media, leads me to take any statistical report with a large pinch of salt.

    And in my area, prices are pretty flat (but don`t take that as an accurate statistic, it`s purely anecdotal !). A house a few doors from me is currently for sale. The asking price is over £10K less than the asking price when it was previously on the market 4 years ago. A few miles away is a more "upmarket" area, where 4 bedroom large semis are on the market for £500K+. I`ve been keeping an eye on those over quite a long period of time. Again, only anecdotal, but asking prices are often falling, and not much is selling.

    On the jobs front, it`s not to bad. My work has been slow for a while, a couple of friends are in/out of work. Overall though, it`s not too bad.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • DervProf
    DervProf Posts: 4,035 Forumite
    julieq wrote: »
    Where are the government targets for house prices, and which of the measures do they control?

    One of the government`s targets is to stay in power. If house prices were to fall 25% over an election term, I`m pretty sure that would have an effect on the public`s choice at the ballot box. Goverments always seem to want growth is most key areas, GDP, employment, population (well, they don`t seem to do much to control population growth) - so I suspect that they also want growth in property prices. No, they don`t publish a target, but I reckon that the price of property doesn`t go unoticed. I`ll repeat an example that I have mentioned before, here or elsewhere.......

    Several years ago (probably 2005), T. Blair was shown on a news report visiting a small town somewhere in the east of England. He was addressing the locals, and proudly said something along these lines....... "and when New Labour came into power, the average property price here was £20K, today it`s over £90k". The conclusion I came to (and I might be wrong, but am probably not) is that Mr Blair was quite happy with the high level of HPI that the early years of New Labour had brought. Now you might suggest that that rise in property prices came as a result of a strong economy. I`d argue that it was due to easy credit and people moving in from areas where they had been priced out. The point is that although Blair might not have set a target for property prices, he was certainly more than happy that they had risen sharply.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • DervProf
    DervProf Posts: 4,035 Forumite
    poppycod wrote: »
    hpc rules!

    It did until Sibley had a swordfight with it.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • andykn
    andykn Posts: 438 Forumite
    Part of the Furniture Combo Breaker
    It's great that the Housepricecrash.co.uk rejects like Hamish, ting-tong Sibley, blacklight, etc. can all congregate in the one place and reminisce about the good old days before they got banned for being trolls. This forum is slowly turning into a group therapy centre for these rejects.

    That's all good but the bile oozes out of every posting they make on here though. I just hope that some day they can leave all the bitterness behind and move on with their lives. I fear we have a long wait.

    You may not care that visitors to HPC are being given such poor one sided advice that has no veracity, but some of us do.
  • andykn wrote: »
    You may not care that visitors to HPC are being given such poor one sided advice that has no veracity, but some of us do.
    No-one on MSE would even have heard of HPC if it weren't for you and the other rejects continually mentioning it. You mugs are giving a website, you clearly hate, free publicity but are too dumb to realise it.
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