House Price Crash Discussion Thread

Generali

fc123 wrote: »

...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.

You may well find that by June 08 that property companies think exactly like that.

IIRC in the last recession, the squatter shop started to become a phenomenon and so LLs became very accomodating in some cases.

mr.broderick

HammersFan wrote: »

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

Have a day off.

fc123

Generali wrote: »

You may well find that by June 08 that property companies think exactly like that.

IIRC in the last recession, the squatter shop started to become a phenomenon and so LLs became very accomodating in some cases.

I hope so....however a lot of vacant units are being occupied on temp lets at the moment at around half the asking rent....and the tenants are ticking over nicely.

I have to ask myself...do I have a portable retail concept (backed up with a webshop that regulars can use to track you?).
The new Business rates rules don't encourage vacant units (OMG, this govt did 1 good thing).


Got to think outside 'the box' at the mo (hate that phrase but can't think of an alternative rightnow) ...because I have this really bad feeling deep down.

PS; Commercial prices are just as valid as house prices (so I'm not too off topic) as if the costs to trade are too high....less trade and innovation occurs....

PPS; or do I bring forward my plan to retrain? (not as a road rage therapist...but, actually, sounds profitable, one could get referrals from the courts)

Generali

fc123 wrote: »

I hope so....however a lot of vacant units are being occupied on temp lets at the moment at around half the asking rent....and the tenants are ticking over nicely.

I have to ask myself...do I have a portable retail concept (backed up with a webshop that regulars can use to track you?).
The new Business rates rules don't encourage vacant units (OMG, this govt did 1 good thing).


Got to think outside 'the box' at the mo (hate that phrase but can't think of an alternative rightnow) ...because I have this really bad feeling deep down.

PS; Commercial prices are just as valid as house prices (so I'm not too off topic) as if the costs to trade are too high....less trade and innovation occurs....

PPS; or do I bring forward my plan to retrain? (not as a road rage therapist...but, actually, sounds profitable, one could get referrals from the courts)

So if the rent goes up 70% and you offer 50% you end up paying 85% of your existing rent - no problemo!

TBH the problem I see with retail right now is that there is a massive squeeze between Tescos (buying cheaply) and the internet (low overheads). The former has been going on for a very long time - when I was a kid I worked at the local hardware store and the owner could get a workmate for less from the local DIY shed than his suppliers charged him.

It's difficult and something that's likely to get harder as if (when?) recession bites people will become more sensitive about prices and perceived value - traditionally, mid-market chains (eg M&S) do well in recession as people want to buy things they believe are higher quality and will last. A lot of firms seem to have abandoned that middle ground, selling cheap stuff from China or 'designer' gear.

Analysts reckon the middle market is dead. Perhaps like the Norwegian Blue it's just resting.

Tassotti

My god..Its all about the people who cannot afford to buy..lets get real...Those who can keep on buying,,..those who cant...moan about everybody who can...you will never get anywhere...LIFE....LIVE WITH IT?

fc123

Analysts reckon the middle market is dead. Perhaps like the Norwegian Blue it's just resting.
:rotfl: :rotfl: :rotfl: :rotfl:

Looks like 2008 is going to be one of those deciding years in life...which fork to take, dictated by events out of ones control.
At least I have lots of 'facts' to chew over to add to the instinct.

Handily, my brother has just put his house on the mkt (he's off to LA) and, as in same area as ours, he can do a trial run for me to see if there are any people still purchasing. Nothing like a bit of real life research.

mr.broderick

fc123 wrote: »

Analysts reckon the middle market is dead. Perhaps like the Norwegian Blue it's just resting.
:rotfl: :rotfl: :rotfl: :rotfl:

Looks like 2008 is going to be one of those deciding years in life...which fork to take, dictated by events out of ones control.
At least I have lots of 'facts' to chew over to add to the instinct.

Handily, my brother has just put his house on the mkt (he's off to LA) and, as in same area as ours, he can do a trial run for me to see if there are any people still purchasing. Nothing like a bit of real life research.

People still purchasing? Are you crazy? It's just most of the skint members on here who aren't purchasing, dont forget 90% of the people originally came here cause they had more debt than brazil. I've been looking on rightmove this morning, thinking of buying a little terrace to rent to a nice str.

Lotus-eater

mr.broderick wrote: »

People still purchasing? Are you crazy? It's just most of the skint members on here who aren't purchasing, dont forget 90% of the people originally came here cause they had more debt than brazil.

Interesting stat, have you the original figures?

And IMHO you are wrong, I don't think most people have come here because of debt, its because they have an understanding, or want to have an understanding of money, either that, or they just want to save some money.
Some, yes, 90%, not a chance.

mr.broderick

can you prove me wrong? Or is this just another anecdotal attack on mr.b?

tr3mor

mr.broderick wrote: »

can you prove me wrong? Or is this just another anecdotal attack on mr.b?

I have no debt. I came here for the bargains on Grabbit!

:money: