House Price Crash Discussion Thread

IveSeenTheLight

MrRee wrote: »

Zoopla is good to get their estimate and

woah woah woah.
I've found property bee grossly inaccurate in their estimations.

One of my properties they estimate 35% above is recent valuation.
Previously they had under estimated it's value.
they notw think it's worth more than 3 times what I paid for it in 2004.

Nah, I'll take zoopla's estimates with not jst a pinch but a shovelfull of salt

Damian68

Could anyone recommend a good way for a layman to start to keep an eye on what’s happening with the market? Perhaps some websites?[/QUOTE]

Try ourproperty.co.uk If you put in your postcode and email address then they will send you a free monthly report each month listing the addresses and sale prices of all properties sold within 500m of your postcode.

John_Pierpoint

Useful if you live in a town.
Mind you it is "rear view mirror" driving as the prices come from the Land Registry 12 weeks after the handshake that agreed the price?

Reactor_2

Quite a few people are hoping for prices to move lower, which tells me only one thing: they won't.

paulmapp8306

But they are doing in most places.

andybenw

Once again my posts have become 'subject to moderator approval' on the HPcrash website. These people will brook no dissent from their singular way of thinking whatsoever. Apparantly I am an Estate Agent simply because I suggested that buying may be better than renting depending on where you live and the level of rents.

marblesfound

I think it's rather sad to see some of the gloating taking place hear by BTL Landlords. High property prices are destroying London. You have a situation where a couple both HAVE to work in order to buy and keep their property. This means they delay having children as they would otherwise not be able to maintain mortgage payments. By the time they are financially secure enough to have children many will find that due to age they are not able to - the biological clock has been ticking.

In the meantime Mr and Mrs benfit scrounger have been having a good time. They have four kids and need a four bedroom home. The council have none but they pay a private landlord to house this large family.

The effect? Many decent working couples may never be able to have children but the parasites of society are breeding at a rapid rate. Over time more of London will become a breeding pit for those on housing benefits - Landlords will do well but is this really a desireable situation in the longer term?

Personally I would prefer it if London was increasingly populated by working couples rather that those who live off the backs of others.

John_Pierpoint

marblesfound wrote: »

I think it's rather sad to see some of the gloating taking place hear by BTL Landlords. High property prices are destroying London. You have a situation where a couple both HAVE to work in order to buy and keep their property. This means they delay having children as they would otherwise not be able to maintain mortgage payments. By the time they are financially secure enough to have children many will find that due to age they are not able to - the biological clock has been ticking.

In the meantime Mr and Mrs benfit scrounger have been having a good time. They have four kids and need a four bedroom home. The council have none but they pay a private landlord to house this large family.

The effect? Many decent working couples may never be able to have children but the parasites of society are breeding at a rapid rate. Over time more of London will become a breeding pit for those on housing benefits - Landlords will do well but is this really a desireable situation in the longer term?

Personally I would prefer it if London was increasingly populated by working couples rather that those who live off the backs of others.

I hear what you are saying - have you noticed the number of couples with a 5 year gap between their children, because they cannot afford to pay nursery fees for two children at once?

BTW the "Firefox" browser incorporates a spell checker. It underlines in red probable spelling mistakes, but it is not contextural, so it does spot benfit & desireable but it cannot adjudicate on hear v here.
Interestingly it wants to correct my contextural to contextual and I think it is right.

the_root_of_all_evil

michaels wrote: »

I quite like the theory of putting in an acceptable offer (or may be getting a mate to) and then withdrawing after a couple of weeks as where we are when a property goes from available to sold and then available again a few weeks later this is almost always accompanied by a drop in the asking price...

you can not put in a fake offer just by phone, you need a mortage agreement for the funds, or a solicitor to backup your word of funds.

do you think by phoning up the estate agent and making an offer they just take it off the market? lol wake up son.

IveSeenTheLight

the_root_of_all_evil wrote: »

you can not put in a fake offer just by phone, you need a mortage agreement for the funds, or a solicitor to backup your word of funds.

I've just bought a property.
We did put an offer via a solicitor, however we did not have to proove funds, they went on our word we had the agreements in place.

Indeed, usually you only get a mortgage in principal and only get a full gaurantee once the lender know the property and has a valuation survey carried out.

Even then, there is the opportunity to back out until the missives are signed

That said, if you did do that, I would think that solicitor fees for time would still be applicable

the_root_of_all_evil wrote: »

do you think by phoning up the estate agent and making an offer they just take it off the market? lol wake up son.

Of course they wouldn't, they'd only take it off the market once the missives were signed.