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I've got that sinking feeling about this latest housing slump
Comments
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stonethrower wrote: »Funny this idiot is fairly spot on about the stupid way property has gone
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2005/12/01/do0101.xml
That's a damm good article actually. I've long thought that his buffoonery is an act.
Still not sure I'd vote for him if given the chance, but he can't be worse than Mr Brown and friends.0 -
He's not an idiot. He was a Kings Scholar at Eton and a Brackenbury Scholar at Balliol, Oxford.
He's also done something I thought we'd never see - as a Tory he's become mayor of London. There are 47 Labour MPs in London and 19 Tory ones which I reckon is about normal.
PS Very good piece in the Torygraph. I find him a good writer.0 -
From the Torygraph.
The opening para is an excellent analogy!
The property market's twilight period is coming to an end. The past few months have been like the first two hours on the deck of the RMS Titanic after it struck the iceberg. To start with, no one could believe it was sinking. The ship was still well above water and even as the first lifeboats were lowered into the sea, many passengers were reluctant to leave.
Similarly, despite the fact that house prices have been falling sharply since late last year, many commentators had stood by their optimistic forecasts that prices would still rise a little this year. Now, reality is starting to dawn, and even mainstream forecasters are saying we could be facing a crash. Estate agency Savills this week warned there is a good chance houses will lose as much as a quarter of their value in the next few years.
There weren't enough lifeboats and 1500 souls were lost.
Our Carpathia will come to save us i'm sure of it......0 -
Not to me you don't...don't worry:rotfl: :rotfl:PasturesNew wrote: »Do I really type like a bloke?0 -
I quite like Boris. Wonder who my tenants voted for? Would have loved to have voted on that one.Gorgeous_George wrote: »Fair point.
That must wipe some value off London's house prices. Who would want that buffoon as their Mayor?
GG0 -
OMG I love it...all those beams and fields.merlinthehappypig wrote: »And we have bought tickets three times in the last 5 months only to find that they aren't valid and the ship has sailed.......
Following the latest collapsed attempted purchase, this time due to a moronic seller, we have reluctantly set out to view houses again today. I don't think that we have ever found anything so depressing.
There is some hope though.
We went to to see this today
http://www.rightmove.co.uk/viewdetails-18146660.rsp?pa_n=1&tr_t=buy
It keeps cropping up when we search, but we have avoided going because we don't like barn conversions, on the whole, and it wasn't big enough, at least on paper.
When we first saw it it was on at £499000, but the agent today told us that it had been on at £550000 at the back end of 2006. They even had an offer of £490000, but turned it down.
It's been on at around £399950 for a few months with no success and the e-mail today said it was going to auction in a couple of weeks unless sold first at a guide price of £300000. We were told that he would take £350000 now prior to the auction.
That's a reduction of around 36% from the original asking price and almost 29%, £140000, less than the price he turned down last year. Plus he has had all the upkeep for the last year and a half it has been empty.
It's really small for a 4 bed - he would have been better off keeping as 3 beds, but it's greed again. The finish was awful as well, despite all the expensive fixtures and fittings. The land was largely water meadow so pretty useless for horses.
All in all I doubt it will fetch even £350000 at auction. I wouldn't pay £300000.
It was badly overpriced at £550000, but some idiot still offered £490000 for it. What a lucky escape.
It just shows how quickly things have changed.
Still no luck for us. I'm tempted to buy a field and a £50000 motor home and keep the rest in the bank.
It is fab Merlin. What does OH and MIL think?
£300k? I would .....My OH knows about those log cabin things that don't need planning (welll a bit of planning but not the full on stuff).....I love it.
Does it have sea view???0 -
His dogerall (doggeral? sic) book at christmas was really funny.He's not an idiot. He was a Kings Scholar at Eton and a Brackenbury Scholar at Balliol, Oxford.
He's also done something I thought we'd never see - as a Tory he's become mayor of London. There are 47 Labour MPs in London and 19 Tory ones which I reckon is about normal.
PS Very good piece in the Torygraph. I find him a good writer.
The only thing that I doubt is that he is not very in touch with the 'great unwashed'...truly in touch.
Alan Sugar is...he should go for mayor.0 -
OMG I love it...all those beams and fields.
It is fab Merlin. What does OH and MIL think?
£300k? I would .....My OH knows about those log cabin things that don't need planning (welll a bit of planning but not the full on stuff).....I love it.
Does it have sea view???
It was actually a typical 'looks good on paper' job.
It was dark, poorly proportioned, overlooked, poorly finished & miles from anywhere (especially the sea!). The fittings were expensive, but there was no attention to detail as if it had been rushed at the end. Silly things like the wood floor panels not fitted together, uneven skirting, poor paint coverage, varnish on woodwork already flaking and so on. Makes us wonder what else is wrong that we couldn't see.
The field was 40% reed beds and not visible from the house (as the photos might imply).
Honestly it was nothing like as good as the details make you think and, whilst cheap compared with other houses in the area, in the real world rather than the fairy tale land of UK house prices, definitely not worth over £300000, in our opinion.
Lots of problems stored up for the future there, I think.
Neither of us liked one thing about it (with the possible exception of the double size jacuzzi bath with underwater lighting and the absence of a mortgage)0 -
Shame...must have been one of those Sarah Beeney followers doing a do up (but badly).
Why not go to the auction? Bit of research......I'm still convinced that's where you will get your place.
How many other 'done ups' are in the area costing the owner money?
At some point they have to sell.
Wishing you well.0 -
merlinthehappypig wrote: »When we first saw it it was on at £499000, but the agent today told us that it had been on at £550000 at the back end of 2006. They even had an offer of £490000, but turned it down.
It's been on at around £399950 for a few months with no success and the e-mail today said it was going to auction in a couple of weeks unless sold first at a guide price of £300000. We were told that he would take £350000 now prior to the auction.
What a prize muppet the seller is!...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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