Property crash, just maybe it really is different this time

[UmBongo]

On 11/02/2021 at 01:45, Bus Stop Boxer said:

"Starter home".

Piss boiling.

Crash it all kids.

Burn the whole fucking thing down.

https://www.rightmove.co.uk/properties/102653246#/

That would be around the £200k mark where I live, older 2 bedders about £20k less. 

Just look at the floorplan. Why tf put an ensuite in a house that narrow? It's made the 2nd bedroom more spacious than the 'master'. 

[Hancock]

4 hours ago, Democorruptcy said:

Double thoughtcrime!

We aren't in the 1990's now you know! Then it used to be 3x Main + 1x Second incomes, now it's just a multiple of joint income.

Just run 2 x £25,000 salaries, to buy first home, no dependents, no outgoings, £10,000 deposit

We could lend you up to £222,500

Which is 4.45x joint income because the BoE are happy with no more than 15% of mortgage being over 4.5x joint income. Increase the deposit and it's a straight 5x joint income. Why did you think house prices are so high?

https://www.santander.co.uk/personal/mortgages/mortgage-calculators/how-much-could-i-borrow

Never knew that, then they can extend it for 35 years to get the monthly payment down.

[Hancock]

28 minutes ago, UmBongo said:

That would be around the £200k mark where I live, older 2 bedders about £20k less. 

Just look at the floorplan. Why tf put an ensuite in a house that narrow? It's made the 2nd bedroom more spacious than the 'master'. 

Yes they do a toilet with a little sink on top, thatd have given a little bit more room, besides there is a bog down stairs so no need for 3 shithouses in a 2 bed shithouse.

[janch]

When you look at the estate plan you would probably find there are several of the houses earmarked for social housing and bad luck if you forget this vital part of the process when you find yourself nextdoor. 

[Hancock]

1 hour ago, janch said:

When you look at the estate plan you would probably find there are several of the houses earmarked for social housing and bad luck if you forget this vital part of the process when you find yourself nextdoor. 

This is something that needs to change, private builders should build solely for private buyers so they aren't subsidising so called affordable housing.

If the govt want social housing, then build it themselves.

[UmBongo]

1 hour ago, janch said:

When you look at the estate plan you would probably find there are several of the houses earmarked for social housing and bad luck if you forget this vital part of the process when you find yourself nextdoor. 

Not all of us social housing tenants are animals!  But yeah, bad luck if you get some antisocial scally types move in

2 hours ago, Hancock said:

Yes they do a toilet with a little sink on top, thatd have given a little bit more room, besides there is a bog down stairs so no need for 3 shithouses in a 2 bed shithouse.

One other idea developer's could embrace if they really must do ensuites is make all bedrooms ensuite, so no bathroom accessed from the landing. So long as there's a WC downstairs for guests. 

[Hancock]

As for things being different this time.

The invader has now extended Help to Buy by 2 months.
https://www.standard.co.uk/news/uk/help-to-buy-deadline-extended-coronavirus-construction-b919641.html

And is looking to extend SDLT by 6 weeks
https://www.telegraph.co.uk/politics/2021/02/12/exclusive-rishi-sunak-considers-six-week-extension-stamp-duty/

He's the fucken Chancellor you'd think he try standing by his policy just once the spineless cunt.

[stop_the_craziness]

23 hours ago, Hancock said:

As for things being different this time.

The invader has now extended Help to Buy by 2 months.
https://www.standard.co.uk/news/uk/help-to-buy-deadline-extended-coronavirus-construction-b919641.html

And is looking to extend SDLT by 6 weeks
https://www.telegraph.co.uk/politics/2021/02/12/exclusive-rishi-sunak-considers-six-week-extension-stamp-duty/

He's the fucken Chancellor you'd think he try standing by his policy just once the spineless cunt.

First the extension.  Then the extension of the extension.  Then no one can remember if/when it was supposed to end and so it doesn't.

[Noallegiance]

11 hours ago, stop_the_craziness said:

First the extension.  Then the extension of the extension.  Then no one can remember if/when it was supposed to end and so it doesn't.

I feel like now it's just a preparatory chorus for the 'we did everything we could' song. 

[Hancock]

6 hours ago, Noallegiance said:

I feel like now it's just a preparatory chorus for the 'we did everything we could' song. 

 2 weeks we will find out. Irony is the fuckers now have to go after wealth, and most of that is tied up in property.

[Green Devil]

On 12/02/2021 at 22:35, Hancock said:

As for things being different this time.

The invader has now extended Help to Buy by 2 months.
https://www.standard.co.uk/news/uk/help-to-buy-deadline-extended-coronavirus-construction-b919641.html

And is looking to extend SDLT by 6 weeks
https://www.telegraph.co.uk/politics/2021/02/12/exclusive-rishi-sunak-considers-six-week-extension-stamp-duty/

He's the fucken Chancellor you'd think he try standing by his policy just once the spineless cunt.

I expect his tory scumlord mates in the house of scum need to complete on their purchases on their new buy to lets.

[Hancock]

46 minutes ago, Green Devil said:

I expect his tory scumlord mates in the house of scum need to complete on their purchases on their new buy to lets.

That and they need to sell their developments at taxpayer funded price.

Surely to fucken god the reintroducing of SDLT will see a drop in prices ... but too add he should be putting it up even higher for BTL, second homeowners etc...

That was the point in bring in an additional tax for them under the Gidiot reign.

Who'd have thought that Gidiot would be better at going against landlords than anything thats came since.

 

[Hardhat]

15 hours ago, Hancock said:

 

Who'd have thought that Gidiot would be better at going against landlords than anything thats came since.

 

He was a truly bizarre man in many ways, but he did seem to be heading in the right direction on UK property.

[Hancock]

7 hours ago, Hardhat said:

He was a truly bizarre man in many ways, but he did seem to be heading in the right direction on UK property.

Hammond the landlord who has no recognisable human traits, and Sunak the Paki who just seems to want to give everyone money, and wet his pants after house prices dropped during the 1st lockdown when no one was allowed out.

The competition has been poor but so far he is the winner.

[leonardratso]

4 minutes ago, Hancock said:

Hammond the landlord who has no recognisable human traits, and Sunak the Paki who just seems to want to give everyone money, and wet his pants after house prices dropped during the 1st lockdown when no one was allowed out.

The competition has been poor but so far he is the winner.

Thought he was indian.

[MrLibertyRedux]

Thought I'd place this one here, via Guido

https://order-order.com/2021/02/17/silver-bullet-housing-policy-could-make-homeowners-millions-and-build-more-beautiful-buildings/

"Policy Exchange has released a landmark paper that is being hailed as a silver bullet to solve the housing crisis. Conservationists and campaigners for lower rents all seem to like the proposal. The policy, which has received plaudits from all political stripes, has something for everyone – more beautiful buildings, more value for homeowners, and more brownfield buildings, leading to lower rents…"

Read the whole thing. I'm off to pour myself a large malt in lieu of running around the living room flapping my arms and making a sound like a flock of starlings taking off.

[Calcutta]

On 15/02/2021 at 16:54, leonardratso said:

Thought he was indian.

A Southampton Punjabi iirc, certainly no need for the 'paki' bit. 

[Chewing Grass]

Two massive extensions going up on 1960s London Brick semi's near me, both have been in progress for 2 months and seem to keep 3-4 people permanently busy on both 5 days a week.

One group seem to be taking what they are doing more seriously than the other and today two 3 tonne vans have turned up from Tranco Ltd, specialists in Diamond Drilling, Forming Structural Openings & Insertion of Concrete & Steel Lintels.

Somehow I think a full width open-plan monstrosity is going up so the entire rear wall is being removed Grand Design Style on a North facing wall that sees no sun.

People have gone insane on what are effectively very cheaply built houses.

Wish I had a drone to check it out.

[Yadda yadda yadda]

11 hours ago, MrLibertyRedux said:

Thought I'd place this one here, via Guido

https://order-order.com/2021/02/17/silver-bullet-housing-policy-could-make-homeowners-millions-and-build-more-beautiful-buildings/

"Policy Exchange has released a landmark paper that is being hailed as a silver bullet to solve the housing crisis. Conservationists and campaigners for lower rents all seem to like the proposal. The policy, which has received plaudits from all political stripes, has something for everyone – more beautiful buildings, more value for homeowners, and more brownfield buildings, leading to lower rents…"

Read the whole thing. I'm off to pour myself a large malt in lieu of running around the living room flapping my arms and making a sound like a flock of starlings taking off.

Fuck me, what complete wibble. They haven't considered that every fucker in London will vote themselves a free million quid and fuck off. Where will the demand come from for several times as much living space at an even higher price per square foot.

[Yadda yadda yadda]

47 minutes ago, Chewing Grass said:

Two massive extensions going up on 1960s London Brick semi's near me, both have been in progress for 2 months and seem to keep 3-4 people permanently busy on both 5 days a week.

One group seem to be taking what they are doing more seriously than the other and today two 3 tonne vans have turned up from Tranco Ltd, specialists in Diamond Drilling, Forming Structural Openings & Insertion of Concrete & Steel Lintels.

Somehow I think a full width open-plan monstrosity is going up so the entire rear wall is being removed Grand Design Style on a North facing wall that sees no sun.

People have gone insane on what are effectively very cheaply built houses.

Wish I had a drone to check it out.

That was just standard lunacy until you included the North facing aspect.

Some old guy spent about three years building a house near me that almost satisfied passivhaus standards. Intended to sell it on. Probably watched too much grand designs. Cost so much money that he had to sell his old house and move in. His wife agreed to it. Nice bloke but he should have been moving into a bungalow not a three storey house with very little garden. Still nicer area than where he moved from.

[satch]

Satch’s Exclusive Special Report – An Estate Agent Rights

Property prices last year rose by 8.5 percent and the trend is continuing into 2021 fuelled by the growth in the number of new covid mutations. And according to the Daily Mail a third of bashful Brits refuse to negotiate on the purchase price of their house. All these people need to take a deep breathe and offer that 10 percent more than the asking price to win their dream home. And here’s a tip from a property expert, yours truly,  OIRO means ‘Offers In the Region Of’ and in these cases you only need to offer an extra five percent above the asking price.

The future for property looks especially bright at the moment as a number of 10 percent deposit deals have come back on the market. So all those people who have saved for a 20 percent deposit can use the extra money they have saved to drive up purchase prices to record levels.

In a year’s time we will look back and see the spectacular growth in house prices in 2021. Some so-called experts have expressed concerns that this year prices might f … fa … fal … soften or rise negatively. Let’s look back nine years to early 2012 and see what these so-called property experts said would happen in 2012:

•           Ray Boulger - down 4%

•           Bernard Clarke - "a broadly flat market"

•           Jonathan Davis - down 10%

•           Martin Ellis - "unchanged plus or minus 2%"

•           Robert Gardner - "flat to modestly lower"

•           Henry Pryor - down 10%

•           Simon Rubinsohn - down 3%

•           Ed Stansfield - down 5%

The Land Registry data is the most comprehensive record of price movements in England and Wales, with a database of 17m sales since 1995. The Land Registry figures show a rise of 1.7%  during 2012. So much for the property experts and the House Price Crash doom mongers.

In 2021 property prices have never been higher and will rise even more. So buy now, buy one or even two. Don’t miss out. Buy Now. Don't miss out. Be a proud property owner not a poor sad renter. Buy Now.

 

Edited February 18, 2021 by satch

[Hancock]

18 minutes ago, satch said:

Satch’s Exclusive Special Report – An Estate Agent Rights

Property prices last year rose by 8.5 percent and the trend is continuing into 2021 fuelled by the growth in the number of new covid mutations. And according to the Daily Mail a third of bashful Brits refuse to negotiate on the purchase price of their house. All these people need to take a deep breathe and offer that 10 percent more than the asking price to win their dream home. And here’s a tip from a property expert, yours truly,  OIRO means ‘Offers In the Region Of’ and in these cases you only need to offer an extra five percent above the asking price.

The future for property looks especially bright at the moment as a number of 10 percent deposit deals have come back on the market. So all those people who have saved for a 20 percent deposit can use the extra money they have saved to drive up purchase prices to record levels.

In a year’s time we will look back and see the spectacular growth in house prices in 2021. Some so-called experts have expressed concerned that this year prices might f … fa … fal … soften or rise negatively. Let’s look back nine years to early 2012 and see what these so-called property experts said would happen in 2012:

•           Ray Boulger - down 4%

•           Bernard Clarke - "a broadly flat market"

•           Jonathan Davis - down 10%

•           Martin Ellis - "unchanged plus or minus 2%"

•           Robert Gardner - "flat to modestly lower"

•           Henry Pryor - down 10%

•           Simon Rubinsohn - down 3%

•           Ed Stansfield - down 5%

The Land Registry data is the most comprehensive record of price movements in England and Wales, with a database of 17m sales since 1995. In 2012 its figures show of a rise of 1.7%  during 2012. So much for the property experts and the House Price Crash doom mongers.

In 2021 property prices have never been higher and will rise even more. So buy now, buy one or even two. Don’t miss out. Buy Now. Don't miss out. Be a proud property owner not a poor sad renter. Buy Now.

 

2012 was pre Help to Buy.

I dont think anyone could have predicted the lunacy the Tory party would go to, to make sure the housing bubble which was about to crash, went the other way.

We'll see in less than 2 weeks what this fucken wanker Sunak has up his sleeve. 

[spygirl]

10 hours ago, Chewing Grass said:

Two massive extensions going up on 1960s London Brick semi's near me, both have been in progress for 2 months and seem to keep 3-4 people permanently busy on both 5 days a week.

One group seem to be taking what they are doing more seriously than the other and today two 3 tonne vans have turned up from Tranco Ltd, specialists in Diamond Drilling, Forming Structural Openings & Insertion of Concrete & Steel Lintels.

Somehow I think a full width open-plan monstrosity is going up so the entire rear wall is being removed Grand Design Style on a North facing wall that sees no sun.

People have gone insane on what are effectively very cheaply built houses.

Wish I had a drone to check it out.

I think replacing brick walls with a side 9f glass will go out of fashion quicker than ducks on the wall.

[Don Coglione]

On 06/02/2021 at 23:30, Hancock said:

We'll see but but when i see houses like this for 14 times average salary, something has to give sooner or later.

IMHO the only reason house prices have shot up is because BTL and foreign money launderers got a tax break, and i am 100% certain this will end on March 31st. With them out of the game prices will come down.

And if prices dont come down, then there is no economy to create jobs for those you list.

Romsey is a fucking weird place.

[Hancock]

2 minutes ago, Knickerless Turgid said:

Romsey is a fucking weird place.

Why?