Property crash, just maybe it really is different this time

[Democorruptcy]

31 minutes ago, Hancock said:

I know some of you fuckers on here are old, so i will do my good deed for the decade and attach a link to help in your lives. https://www.visionexpress.com/

If you piss the bed i cannot help.

 

Have you posted a useful link there? Could you make it a bit larger so I can see it?

[Hancock]

14 minutes ago, leonardratso said:

ill admit, could be wrong, it may well be a corner, but my i cant believe that they would create such a shit wall against a fairly decent one, and the front all looks inline as well (the bad walls front).

@Hancock dont worry fellah, your time will come for eyes and piss.

The reason why i think its 2 different buildings is the same as @Democorruptcy mentioned, the bricks dont align, like its a perspective thing, 'these cows are small dougal, those cows are far away',

even a lumpy wall like that, the bricks would still line up vertically unless they were using different sized bricks, which looking at the fronts i cant see;

It is 2 different buildings, its the questioning that its too different buildings that tells me the old eye sight isnt what it was.

 

[Hancock]

6 minutes ago, Democorruptcy said:

Have you posted a useful link there? Could you make it a bit larger so I can see it?

Here, if you're going to go blind might as well use this website to go blind the old fashioned way.

www.youporn.com

[leonardratso]

1 minute ago, Hancock said:

It is 2 different buildings, its the questioning that its too different buildings that tells me the old eye sight isnt what it was.

 

ah, i thought you was implying that it is in fact a corner and my eye sight was suspect, which to be honest it is these days, but not so bad i cant make out or visualise a spatial perspective  difference in a photo.

[Chewing Grass]

Just ventured onto rightmove and put the first part of my postcode in, 239 properties for sale and 37 added over the last 7 days which is 15%.

Not been on it for ages and the thing that struck me was the cheapest homes were not the traditional 2 up 2 downs that the former industrial town is infested with but former new build 1 bedroom flats, 4 pages of them starting at 70K.

TBH they are all crap, these are your 21st century high rise slums in the making.

I think the BTL clearout has begun.

[Noallegiance]

2 hours ago, Chewing Grass said:

Just ventured onto rightmove and put the first part of my postcode in, 239 properties for sale and 37 added over the last 7 days which is 15%.

Not been on it for ages and the thing that struck me was the cheapest homes were not the traditional 2 up 2 downs that the former industrial town is infested with but former new build 1 bedroom flats, 4 pages of them starting at 70K.

TBH they are all crap, these are your 21st century high rise slums in the making.

I think the BTL clearout has begun.

I've been on to Rightmove for the first time in a year and set up an alert for family homes above £400k.

Four+ family homes coming on in my area every day at the moment.

Only reason I've done this is to see how the market is behaving as I'm aiming to buy 18 months - 3 years out.

[reformed nice guy]

I saw that Nationwide hpi was -0.3% for January but the forecast was +0.3%

Good times!

[Hancock]

1 hour ago, reformed nice guy said:

I saw that Nationwide hpi was -0.3% for January but the forecast was +0.3%

Good times!

They're well up over the year ... a year in which the economy was closed down. I truly can't believe that is a fact, if affordable housing was the outcome of being banged up for a year i could almost accept it, but not in communist England we get the worst of both worlds.

I remember last year when we had a month of property prices falls, that cunt Sunak come up with SDLT cut, for 2nd home owners, foreign money launderers and BTL landlords. (FTBers already didnt pay it)

Just hope he doesnt do something similar next month after 1 month of prices falls.

He truly is a globalist cunt of Blair proportions, i despise the cunt as much as Boris and Hancock.

[leonardratso]

7 hours ago, Hancock said:

They're well up over the year ... a year in which the economy was closed down. I truly can't believe that is a fact, if affordable housing was the outcome of being banged up for a year i could almost accept it, but not in communist England we get the worst of both worlds.

I remember last year when we had a month of property prices falls, that cunt Sunak come up with SDLT cut, for 2nd home owners, foreign money launderers and BTL landlords. (FTBers already didnt pay it)

Just hope he doesnt do something similar next month after 1 month of prices falls.

He truly is a globalist cunt of Blair proportions, i despise the cunt as much as Boris and Hancock.

yourself or the anti hero will smith?

[Hancock]

1 hour ago, leonardratso said:

yourself or the anti hero will smith?

Will Smith is a cuckold darkie, and any cuckold darkie is more of a man than the Matt Hancock.

 

 

[haroldshand]

On 02/02/2021 at 12:20, reformed nice guy said:

I saw that Nationwide hpi was -0.3% for January but the forecast was +0.3%

Good times!

Multiply that by 100 and then we will be getting closer and just have pricey housing rather than fuck off expensive housing we have now.

0.3% does not even give me a twinge 

[haroldshand]

On 02/02/2021 at 13:57, Hancock said:

They're well up over the year ... a year in which the economy was closed down. I truly can't believe that is a fact, if affordable housing was the outcome of being banged up for a year i could almost accept it, but not in communist England we get the worst of both worlds.

I remember last year when we had a month of property prices falls, that cunt Sunak come up with SDLT cut, for 2nd home owners, foreign money launderers and BTL landlords. (FTBers already didnt pay it)

Just hope he doesnt do something similar next month after 1 month of prices falls.

He truly is a globalist cunt of Blair proportions, i despise the cunt as much as Boris and Hancock.

If this does not tell you all you need to know then nothing will.

1 year on and we have the most expensive property in the history of the UK during a pandemic, a pandemic that has now as good as screwed the UK economy for at least the coming decade. And yet this country has somehow found a way to keep house prices sky high, and rest assured that was no accident.

There have been many groups over the last 15 years fighting the injustice of over priced property in the UK, I personally think they should have given up several years ago, the likes of housepricecrash are just a joke and should have stopped their self pitying blubbering and became more pro active and took on the government in a hostile and nasty way, worse probably than the Poll tax riots because they are heel bent on keeping the plates spinning.

But on the positive side we just might now get a Gamestop/Reddit scenario somehow find it's way into the UK housing rip off and controlled theft of so many renters

[Hancock]

1 hour ago, haroldshand said:

If this does not tell you all you need to know then nothing will.

1 year on and we have the most expensive property in the history of the UK during a pandemic, a pandemic that has now as good as screwed the UK economy for at least the coming decade. And yet this country has somehow found a way to keep house prices sky high, and rest assured that was no accident.

There have been many groups over the last 15 years fighting the injustice of over priced property in the UK, I personally think they should have given up several years ago, the likes of housepricecrash are just a joke and should have stopped their self pitying blubbering and became more pro active and took on the government in a hostile and nasty way, worse probably than the Poll tax riots because they are heel bent on keeping the plates spinning.

But on the positive side we just might now get a Gamestop/Reddit scenario somehow find it's way into the UK housing rip off and controlled theft of so many renters

Theplates could and should have fallen at anytime in the last 15 years.

I see Sunak coming up with some form of govt backed mortgage so rates are fixed for 15-30 years.

But ending HTB and SDLT tax break for all except first time buyers.

1 month and we'll know.

[Don Coglione]

The UK will protect its housing market at all costs.

Australia will protect its housing market at all costs.

The US will protect its stock market at all costs.

On other countries, I cannot comment.

Place your bets carefully.

[sancho panza]

On 02/02/2021 at 08:52, Chewing Grass said:

Just ventured onto rightmove and put the first part of my postcode in, 239 properties for sale and 37 added over the last 7 days which is 15%.

Not been on it for ages and the thing that struck me was the cheapest homes were not the traditional 2 up 2 downs that the former industrial town is infested with but former new build 1 bedroom flats, 4 pages of them starting at 70K.

TBH they are all crap, these are your 21st century high rise slums in the making.

I think the BTL clearout has begun.

Yeah,RM sale figures for Oct are due up soon.Last few onths of data they've barely seen any sales of flats/terraces.Can't imagine much has changed,prob got worse.

Prices are going higher pruely due to the sales mix skewing average prices

On 02/02/2021 at 13:57, Hancock said:

They're well up over the year ... a year in which the economy was closed down. I truly can't believe that is a fact, if affordable housing was the outcome of being banged up for a year i could almost accept it, but not in communist England we get the worst of both worlds.

I remember last year when we had a month of property prices falls, that cunt Sunak come up with SDLT cut, for 2nd home owners, foreign money launderers and BTL landlords. (FTBers already didnt pay it)

Just hope he doesnt do something similar next month after 1 month of prices falls.

He truly is a globalist cunt of Blair proportions, i despise the cunt as much as Boris and Hancock.

He's ex GS..............................

[Hancock]

6 minutes ago, sancho panza said:

Yeah,RM sale figures for Oct are due up soon.Last few onths of data they've barely seen any sales of flats/terraces.Can't imagine much has changed,prob got worse.

Prices are going higher pruely due to the sales mix skewing average prices

He's ex GS..............................

Prices have been going higher as its people buying up extra houses for their portfolio. Once these fuckers get a kick in the teeth then we might see a nice drop in prices.

It really should not have applied to everyone.

I'm not sure sure of the "ex" part, he'll still be working for them.

 

[Bus Stop Boxer]

16 hours ago, haroldshand said:

If this does not tell you all you need to know then nothing will.

1 year on and we have the most expensive property in the history of the UK during a pandemic, a pandemic that has now as good as screwed the UK economy for at least the coming decade. And yet this country has somehow found a way to keep house prices sky high, and rest assured that was no accident.

There have been many groups over the last 15 years fighting the injustice of over priced property in the UK, I personally think they should have given up several years ago, the likes of housepricecrash are just a joke and should have stopped their self pitying blubbering and became more pro active and took on the government in a hostile and nasty way, worse probably than the Poll tax riots because they are heel bent on keeping the plates spinning.

But on the positive side we just might now get a Gamestop/Reddit scenario somehow find it's way into the UK housing rip off and controlled theft of so many renters

I went on Rightmove yesterday.

Did a search on commercial, under 500k, 10 miles around Devon.

32 pages of results.

Shops Pubs Cafes carnage.

Houses up 10%

 

However, different story emerging lower down the food chain in flats / terraced ex rentals.

Lots coming on / getting reduced.

Edited February 4, 2021 by Bus Stop Boxer

[moneyscam]

15 hours ago, Knickerless Turgid said:

The UK will protect its housing market at all costs.

Australia will protect its housing market at all costs.

The US will protect its stock market at all costs.

On other countries, I cannot comment.

Place your bets carefully.

I think one of the main reasons they continually prop up the housing market is that the majority of the banking system's assets (loans) are composed of mortgages. The government cannot tolerate a significant crash in house prices else it might have to deal with another systemic banking crisis. The fact they gave a carte blanche bailout to them in 2008 despite their obvious criminality and recklessness points to their choice of the lesser of two evils and this perverse symbiotic relationship between the government and banking sector which I can only see continuing.

[janch]

This could provide a solution to anyone willing to move to Italy/Spain and take on an abandoned property:

https://www.theguardian.com/world/2021/jan/24/as-birth-rates-fall-animals-prowl-in-our-abandoned-ghost-villages?utm_source=pocket-newtab-global-en-GB

Picturesque Galicia and Castilla y León are among the regions worst affected, as entire settlements have gradually emptied of their residents. More than 3,000 ghost villages now haunt the hills, standing in various states of dereliction. Mark Adkinson, a British expat who runs the estate agency Galician Country Homes, told the Observer that he has identified “more than 1,000” abandoned villages in the region, adding that a staff member of his was continually on the road, leaving letters at abandoned properties in the hope of tracking down their owners and returning them to the market.

[Green Devil]

https://www.bbc.co.uk/news/business-55934405

Boe says to prepare for negative rates. Another goosing to the housing market. Too big to fail. And too many BTL torie and labour MPs. 

[BurntBread]

1 hour ago, Green Devil said:

https://www.bbc.co.uk/news/business-55934405

Boe says to prepare for negative rates. Another goosing to the housing market. Too big to fail. And too many BTL torie and labour MPs. 

Given the BoE's previous form with predicting inflation and interest rates, I'm going to wait and see what happens. Maybe they do dip them below zero, but it's equally possible we're staring down the barrel of 3% inflation before the end of the year, whereupon that becomes a difficult position to maintain with a straight face.

[Green Devil]

37 minutes ago, BurntBread said:

Given the BoE's previous form with predicting inflation and interest rates, I'm going to wait and see what happens. Maybe they do dip them below zero, but it's equally possible we're staring down the barrel of 3% inflation before the end of the year, whereupon that becomes a difficult position to maintain with a straight face.

Its rather odd that they predict a crack up boom after the country reopens fully in the spring/summer then in the next sentence they want to take money off for you to keep in the bank. Scum bags.

[Don Coglione]

5 hours ago, janch said:

This could provide a solution to anyone willing to move to Italy/Spain and take on an abandoned property:

https://www.theguardian.com/world/2021/jan/24/as-birth-rates-fall-animals-prowl-in-our-abandoned-ghost-villages?utm_source=pocket-newtab-global-en-GB

Picturesque Galicia and Castilla y León are among the regions worst affected, as entire settlements have gradually emptied of their residents. More than 3,000 ghost villages now haunt the hills, standing in various states of dereliction. Mark Adkinson, a British expat who runs the estate agency Galician Country Homes, told the Observer that he has identified “more than 1,000” abandoned villages in the region, adding that a staff member of his was continually on the road, leaving letters at abandoned properties in the hope of tracking down their owners and returning them to the market.

I have driven extensively through these areas; ghost town doesn't even begin to describe it. I don't think anyone other than a true hermit could live there.

[reformed nice guy]

On 03/02/2021 at 20:00, haroldshand said:

Multiply that by 100 and then we will be getting closer and just have pricey housing rather than fuck off expensive housing we have now.

0.3% does not even give me a twinge 

I agree that its nothing, but the interesting part is the difference between what was expected and what was reported.

Halifax reported today -0.3% but was expecting +0.3% for January.

Hopefully it is the start of the turn

[wherebee]

9 hours ago, reformed nice guy said:

I agree that its nothing, but the interesting part is the difference between what was expected and what was reported.

Halifax reported today -0.3% but was expecting +0.3% for January.

Hopefully it is the start of the turn

I came here from TOS, and joined many years ago on there because I could not see how a crash could not happen.  Well, more fool me.

I think the government of the UK (and by that I mean the people who rule, not the elected ones) will do anything but see a nominal fall in house prices.  My prediction is for no crash in GBP terms, but a slow crash in real money terms as GBP declines against other currencies and inflation eats away at the debts.

So a house in the SE will cost 2 million quid in 10 years, but you'll be earning 250k a year as a store manager.