Rics - worse figures since 1996

mr.broderick

PasturesNew wrote: »

I think young people that shacked up too early together, just to 'get on the ladder' will be the biggest swathe of distressed sellers.

A falling market will force people who have split up to sell.

I suspect while a lot of people have previously hung onto the property and rented it out, watching it grow in value, they won't do this now.

They were scared into buying/shacking up too soon. And they'll be scared into flogging it off soonest too.

If they've lost interest in the relationship, they'll have lost even more interest now in a property that's losing value.

It seems to me that often these days people are literally buying a place within a year of meeting. Madness for most. You can't know anybody until you've been with them at least 2 years. Two annoying Xmasses, two annoying summer holidays. Two years to see the pure madness they each call "family".

I bet rising prices have shored up their relationship, they've been sitting quiet for awhile based just on the thought that "this might work out OK and at least the house is going up in value".

They'll just want shot.

You just havent met the right man yet.

epz_2

mystic_trev wrote: »

http://www.rics.org/NR/rdonlyres/F1D8EC6B-085D-4DD7-980B-AECAAB4C8F74/0/hms_feb2008.pdf

It's interesting to note that prices in Scotland are still rising. It's also interesting to note that the same thing happened in the late 80's before the erm......:rolleyes:

the market in scotland is very spring orientated, at least from what i can gather. a lot of new place tend to come on in spring while the winter period was been pretty much dead, just the same dross that hasnt sold all year getting re advertised, its not surprising enquires jump now.

i would also be interested to look at the regional breakdown, aberdeen is rolling in oil money at the moment.

i cant say i am old enough rember the 80s here but doubt house prices had risen so fast (tripled) back then getting so out of step with wages, or if there was such a MASSIVE ammount new building. i serioulsy cant drive through glasgow without seeing a new builing going up, which is pretty odd since scotlands population is static.

mr.broderick

SquatNow wrote: »

You've already asked this and I've already answered this in another thread. Twice.

For those who don't know, RunningHorse is a sociopath who has been stalking me online.

Squatnow is not trying to explicitly convince people to squat. People will be forced to squat by the coming events. The aim is to get people to squat SOCIABLY... in a way that instead of giving the government the moral basis to outlaw squatting in England, will encourage people to see squatting as both sociably acceptable and sociably responsible.

I do not squat myself. I am quite open about this. The rent I pay is near-as-dammit the same as I would pay in BILLS if I were to rent a similar place elsewhere. In exchange I've modernised the flat and done a lot of maintenance work to the flat and my landlady's own residence. (I live in an annex.) The arrangement works well and is the basis for the social squatting concept.

I encourage others to view the www.squatnow.com site and provide feedback.

I have nothing to hide and can't understand why runninghorse is so fanatical about his hatred of me. Maybe he is a BTL fraggle who is worried about loosing tennant to the squatting movement? Mabe he just needs to get laid. Who knows.

You boning her too ?

carolt

wobblegobble wrote: »

"Para 2 - It was Didsbury, actually, that I had as my comparison point - prices there on rightmove currently start at 200K for all bar 6 properties, 3 of which are virtually in Burnage (much more downmarket) and 2 of which are minute 2 beds at 190K. So my point stands. 200K will buy you a 2 bed in lots of pleasant commuterland down south; a 3 bed in parts"

Carolt - Sorry to hijack your dispute with teabelly , but I am very interested in the living near London/living up North dispute. I have looked on Rightmove and Didsbury - Greater Manchester brings up more than 10 pages of properties at less than £200k with the cheapest starting at £64k? Am I missing something??

Also you forgot to mention that unless you are living very close to London, a season ticket to London will probably cost you in excess of £2500k per annum? This would certainly eat up a large portion of any increased salary you might be earning down South? Not to mention the inconvenience of commuting........

Hopefully I have missed something completely, please prove me wrong?

Hi wobblegobble, hijack away!

Don't know where you were looking, but I checked rightmove this morning, and the figures were as I quoted. Just checked again, as utterly baffled, and no - the cheapest 1 bed flat there is currently 90K - there are no 2 bed houses there below the prices I quoted above. Utterly mystified. If you can buy a 2 bed house in Didsbury for 64K I suggest you snap it up immediately! - certainly nothing like that I'm aware of, as if there was, I'd be fighting you for it! (Nice place, Didsbury...) Just to clarify, our 'debate' referred to buying a reasonable sized place, not a 'shoebox' in teabelly's term, so I was comparing minimum 2 bed houses or 3 bed houses in both areas. This is not based on idle guesswork - I have several friends living up there, whose houses, ironically, cost virtually the same as those in my (southern) village.

Here's my link - not sure if it will work...

http://www.rightmove.co.uk/action/publicsite.PropertySearch

Could you help by posting your link, please?

Many thanks....

Oh, just to add, that yes, of course you're right, season tickets to London definitely add to the overall costs - OH's is about £1800 ish this year. So not to be sneezed at. But then London-waged jobs are few and far between in Manchester. And it's not as though you can walk from Didsbury into the centre of Manchester either; there are commuting costs involved there too, though maybe someone more local can put specific figures on those?

Looking forward to finding the answer to the £64,000 question!

BobProperty

The £64,000 flat I can't see but I think it may be a 50% shared ownership place. You won't get a 2 bed terrace in Didsbury village for less than about £200,000-£250,000.

I forget who mentioned it earlier, but Adswood (Stockport) isn't Cheadle. It's next to it and there may be some places that are technically Adswood, close to Cheadle and not too bad. But there are other parts that would be the worst or second worst places to live in Stockport (all IMHO of course).

wobblegobble

Carolt. Your link doesn't appear to work. I have just done the search again and the £64k property is there, however it is in Burnage (not a good area as you said - my search radius was 1 mile). Go see for yourself, the link I tried to post isn't working as well. Edit - Thanks Bob Property I see it is a 70% shared equity - didn't read the detail to be honest just did a quick check.

Looking at 2 bedrooms and more there appear to be in excess of 80 properties however most of these are flats and you have explained that you are looking at houses - so point taken. Without being too nosy could you please tell me where you live as I am currently looking to relocate closer to London and somewhere with property prices similiar to Manchester sounds too good to be true!

carolt

Will reply later - going out now. Have a look at Home Counties, trainlines into London, eg WD6 or Watford - I think you should be able to find 2 beds there within 200-250K.

Have a look.

Also, thread on here re 3 bed in Essex, I think, for c. 215K.

I'll have a check for you later.

But it is doable.

Our problem is we need at least a generous 3 bed, as we have 3 kids! And to me, 200K is still 8 national average wage, so still seems rather high for a 2 bed.

But if you have the spare cash, and think it's a fair price, then fair enough.

MissMoneypenny

jaype wrote: »

will the last under 35 to leave please turn out the lights? (have to think of global warming and all that )

My 22 year old son is over in America now, to see if he wants to work and live there and leave the UK. The taxes in this country are just too high. He pays £250 into the system every week. Some at his school worked hard while others messed about, safe in the knowledge that welfare would pay for them and their future families. He can afford a house in the UK, but can get a much better quality of life in the US.

I suppose the up side to the young workers leaving, is that rents will come down as welfare struggles to pay Housing Benefit as they have less and less money coming in.