Check out how much house prices are dropping in your area ;)

mr.broderick

Probably true but its got morale up a little with certain members..

sortofok

gazundering is making a comeback my aged friend.


Have you not heard my warnings?

old_git_6

I will concur - there seems to be an awful lot of new flats around my area (le2/le3) that are struggling to go and have been lowered by 5-10%.

Over supply me thinks

Nick.._5

sortofok wrote: »

blah.

Yes, more waffle mate, and the irony of my post was lost on you :rolleyes:

However, I *think* we are on the same side regarding the effects of rampant HPI, or at least the cause of it, and its next direction

spurs_nut

Today is tomorrow from yesterday's perspective

sortofok

old_git wrote: »

I will concur - there seems to be an awful lot of new flats around my area (le2/le3) that are struggling to go and have been lowered by 5-10%.

Over supply me thinks

Yet they say there is a shortage of housing.

How can this be?

Do they mean affordable housing?





And does that mean that all other housing is un-affordable?




Pray, tell us my aged friend

advent1122

Quick example....
06 Apr 2007 Price £450,000
30 Apr 2007 Price £325,000
09 May 2007 Price £295,000
That is one hell of a reduction - £155,000 in a month.
Another example
21 Apr 2007 £550,000
05 May 2007 £500,000
12 May 2007 £350,000.
200 grand in 3 weeks....

The first on the list has dropped £70,000 in two months and looks worse because it is going to auction and now has a guide price.

sortofok

advent1122 wrote: »

Quick example....
06 Apr 2007 Price £450,000
30 Apr 2007 Price £325,000
09 May 2007 Price £295,000
That is one hell of a reduction - £155,000 in a month.
Another example
21 Apr 2007 £550,000
05 May 2007 £500,000
12 May 2007 £350,000.
200 grand in 3 weeks....

The first on the list has dropped £70,000 in two months and looks worse because it is going to auction and now has a guide price.

I see we have a man of numbers amongst us balders

What are these figures he quotes?


Do you think he is a banker.


or maybe a w**ker.





Does he know the secret do you think?


The one that both delights and horrifies all who hear it.



Can he tell us mr b?

Paulinuk

cant we have a crash like the last one, i could then be able to buy something,this whole property world is crazy,none of these prices do any good just means 1000s of people can never buy

mr.broderick

paulinuk wrote: »

cant we have a crash like the last one, i could then be able to buy something,this whole property world is crazy,none of these prices do any good just means 1000s of people can never buy

Paul i like your simplicity, unfortunately it is much more complicated than this.

You will have to excuse me this evening paul i am suffering from side effects/affects of travelling at the speed of life...