House Price Crash Discussion Thread

brit1234

sunday_girl wrote: »

Hi

I've not read all of this thread but one thing that has struck me are the comments about ex-council houses falling more than average if there is a crash/slowdown.

We have a mortgage on a 4 bed ex-council which is pretty expensive for us every month. This time last year our house was valued at approx £200k although I feel this was over-optimistic and the most comparable property in our road sold last year for only £185k (just 2k more than we paid for ours in 2004). Our o/s mortgage is approx £122k. We've been thinking of moving for various different reasons and even whether it's best to try and sell and get the equity we have out before we lose it all (if we can sell it) and rent for a while perhaps being able to buy again at a later stage. Does this sound like something worth considering or is it just not the time to make any moves at the moment?

Thanks....

I think you are about a year too late now. Last January you could of sold for a stupid amount as most people believed prices would only go up. Today things have change and the market is full of negative sentiment and collapsing chains.

JonnyBravo

Generali wrote: »

<OT>I think this is the thousandth post in the ghetto! Do I get a cake or something?</OT>

Well the number reads 1001, so no I don't think you do...... oh I get it you're not counting the set up post?

Well it's immaterial, only an idiot would be buying cake with the market as it is at the moment etc etc

m00m00

a clear case of someone jumping into the cake market at the wrong time

Bake Too Late

Generali

m00m00 wrote: »

a clear case of someone jumping into the cake market at the wrong time

Bake Too Late

Everyone knows that cakes only ever rise.

beingjdc

JonnyBravo wrote: »

Well it's immaterial, only an idiot would be buying cake with the market as it is at the moment etc etc

*Sigh*, yet another troll from http://www.cakepricecrash.co.uk/ when oh when oh when will all these interminable threads about the price of confectionery be moved to their own thread on the recipes board? Won't somebody please think of the children.

Generali

I'm just worried about the knock on effect from the liquidity crisis on my lemon drizzle cake.

beingjdc

Halifax reports heavy falls in some regions over the last three months:

London -6.3%
South East -2.3%
East Midlands -2.3%

http://www.guardian.co.uk/business/2008/jan/19/housingmarket.houseprices

brit1234

beingjdc wrote: »

Halifax reports heavy falls in some regions over the last three months:

London -6.3%
South East -2.3%
East Midlands -2.3%

http://www.guardian.co.uk/business/2008/jan/19/housingmarket.houseprices

I can confirm the London Drops. Here in West London the Luxury flats around Brentford docks have fallen from £330,000 to about £299,999. Thats a 10% fall in about 3 months. There are about twelve for sale many saying no chain so it looks like buy to let investors getting rid of property.

With the whole weakness in the buy to let sector and the greater access of media this crash is happening faster than before.

I just hope Reading prices come down as much as London are at the moment.

wymondham

Drops reported over here in East Anglia:

http://new.edp24.co.uk/content/news/story.aspx?brand=EDPOnline&category=News&tBrand=edponline&tCategory=news&itemid=NOED19%20Jan%202008%2010%3A30%3A52%3A413

Gorgeous_George

m00m00 wrote: »

a clear case of someone jumping into the cake market at the wrong time

Bake Too Late

Sorted.

The cake goes to Generali!



GG