House Price Crash Discussion Thread

fc123

nelly wrote: »

I bet it doesnt affect lollipop ladies!

I hate them bastages I swear to god Im gonna mow one of them down one day soon. They just LOVE the power they think they have they like little king canutes holding back the traffic

I love to run one over and get out and shove their stick right up their @rse.............fat end first.................... no sideways


I absolutely love it when its p1ssing down with rain on them

'When the Recession comes...' I am going to get an EU (or perhaps China may offer then then) grant for unemployable Clothing designer/retailers and retrain as a road rage therapist...and you can have a recession friendly 15% discount on your 1st session.

mr.broderick

carolt wrote: »

Enough of the sexist comparisons already!!!!!

What's up carol did that hit a nerve, you drooping darling?

carolt

Sorry, not having the mind of a small schoolboy, I find posts comparing things to ladies' breasts and fantasising about attacking lollypop ladies a little...disturbing....

baby_fuzz

Hi, I recently put my house up for sale and accepted an offer. We've started things off with the conveyancers etc. but we haven't exchange contracts or anything. Where would I stand if the buyers pulled out or tried to come in lower if the prices in the area were to go down?

nelly_2

fc123 wrote: »

'When the Recession comes...' I am going to get an EU (or perhaps China may offer then then) grant for unemployable Clothing designer/retailers and retrain as a road rage therapist...and you can have a recession friendly 15% discount on your 1st session.

no it aint road rage! come on they desrve it they have sad lives and nothing to live for other than queue up for 3 hours (early) at the post office for their old age dole cheque

so they become lolipop!!!!s to annoy people on purpose

IveSeenTheLight

van_persie wrote: »

Every capitalist economy must endure recession. It's the nature of cyclical markets. It 'clears out' the system and sadly, there are casualties.

There is a difference between refreshing a system and having a recession.
Every business can have a clear out, throw out the dead wood or have a spring clean, however in a recession there will be many good businesses that will have to downsize puting some good hard working people out of work.

There are a few people on here shouting for a recession as they believe this will in turn correct the housing price situation, however who is to say they will be able to get a mortgage for a property when the house prices correct in the recession.

They might just be one of those unfortunate people who end up out of work without a monthly disposable income.

I can accept people calling for a house price correction, but people calling for a recession is just absurd.

If a recession is really that good for an economy, why does everyone try to stave off a recession in order to maintain growth?

HammersFan

nelly wrote: »

no it aint road rage! come on they desrve it they have sad lives and nothing to live for other than queue up for 3 hours (early) at the post office for their old age dole cheque

so they become lolipop!!!!s to annoy people on purpose

Nelly. You really do need to get a grip. You are making a complete fool of yourself.

WTF?_2

IveSeenTheLight wrote: »

If a recession is really that good for an economy, why does everyone try to stave off a recession in order to maintain growth?

Two reasons:

1: Because politicians are worrying about their jobs. They promise ever better good times, they try to deliver on that in the short term at the expense of better long term conditions.

2: So much pumping of the economy to boost it ever higher has being going on that the coming recession is going to be huge. Some are even saying a depression. It's not sound economic management that's happening now, just raw desperation.

fc123

!!!!!!? wrote: »

2: So much pumping of the economy to boost it ever higher has being going on that the coming recession is going to be huge. Some are even saying a depression. It's not sound economic management that's happening now, just raw desperation.

...and I'm getting scared now. We are still on the wrong side of the line and my shop's turnover has fallen far further in the past 3 months than we anticipated.
If this is the beginning? What does the next 12 months hold?

We have rent review in June 08 and LL looking at increase of 70% :eek: .
Our neighbour has already received his demand.

Stupid as we could ride it out if they left it the same (there aren't hordes of retailers rushing to take units on in the area either) but big property companies don't think like that.

John_Pierpoint

baby_fuzz wrote: »

Hi, I recently put my house up for sale and accepted an offer. We've started things off with the conveyancers etc. but we haven't exchange contracts or anything. Where would I stand if the buyers pulled out or tried to come in lower if the prices in the area were to go down?

If you get "gazundered" you have the choice of pulling out, trying to pass on the loss to the seller of the house you are buying (assuming you are in a chain) or taking the hit. What do you make of the "culture" of the buyer with whom you have shaken hands? It would probably be illegal to start a thread about different nationalities and the chances of them standing by their word.:rolleyes:

Either way costs of your "legals" etc. are likely to go up. This is another reason why the first sign of a falling market is a slump in volume of transactions.

(There was a thread on here somewhere, where someone managed to get their wasted survey fee back but I think that might have been a good will gesture to avoid an investigation by some ombudsman or other).