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Henry Pryor / Top of the market stats


spunko

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sancho panza
32 minutes ago, spygirl said:

That, by itself, would  be bad.

However  the demographic age exposure makes uk housing nuts, when you see that most housing ownership is skewed even more in the 55+. And, rather than paying off mortgage, they ve double, tripled, quadrupled exposure via btl. And are carrying huge sums of mortgage debt - io is like herpes.

 

bit harsh on herpes..........

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  • 3 months later...
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Chewing Grass

This one has been for sale for possibly 4 years (might be more) see it when I'm on my bike.

https://www.rightmove.co.uk/property-for-sale/property-72987430.html

Seems the arse is falling out of 'equestrian facilities' as there are loads of them popping up but nobody wants to pay over-the-top prices for these places unless they have horses, bit of a Catch-22 situation.

https://www.rightmove.co.uk/property-for-sale/property-63848850.html

Another over-priced piece of equestrian shit in the middle of a swamp (locally known as the Moss).

https://www.rightmove.co.uk/property-for-sale/property-81207950.html

Now I've been looking I never knew this one below was up for sale, pass it on my bike but have never seen anyone go in or out of it.

Yours for £12.5 Million if you are mad enough.

https://www.rightmove.co.uk/property-for-sale/property-72241504.html

Fucking hell there is this one as well, always looks empty and just been done up in the last 12 months, took them ages, looks like another property spivs project.

https://www.rightmove.co.uk/property-for-sale/property-78105881.html

This one is for sale as well, they have a yappy little dog and leave the front door open (varnish has peeled off and it shows damp when wet).

https://www.rightmove.co.uk/property-for-sale/property-72342355.html

None of these 'posh' places has a for-sale sign up and it does seem like everyone and their dog is trying to get out of the top of the market on the quiet.

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10 hours ago, spunko said:

I posted this on ToS - that's how long ago it's been on the market. It's still not fucking sold. Just been reduced for the, I think, 5th time.

https://www.rightmove.co.uk/property-for-sale/property-83471549.html

 

Asking price now -34% down.

And they've built the new garage since it was first listed.

I had a poster update one of my threads:

https://www.housepricecrash.co.uk/forum/index.php?/topic/208061-scarborough-liquidity/

It sold!!

It only took them eight years to find a buyer!

Oh, and a 35% drop in the original asking price (from £450,000 to £292,000)....

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That chart, on the previous page, showing transaction at half their normal - if theres such thing

And the last 10 years have seen fuckwittery like HTB and FLS, boosting the mortgages.

The housing market - if you are trying to sell - is fucked.

Or, rather, prices are just too high.

In the areas I follow - yorkshire coast - the most popular town, Whitby is still at he same nominal levels as 2004.

Prices doubled 199->2003ish. And have been stuck their since.

Transactions have fallen off a cliff. And thats with ~50% of sales being holiday lets idiots.

Now imagine what will happen if London/Se falls to 2004 prices.

 

 

 

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3 hours ago, spygirl said:

That chart, on the previous page, showing transaction at half there normal - if theres such thing - rate

And the last 10 years have seen fuckwittery like HTB and FLS, attempting at boosting the mortgages/house transactions.

The housing market - if you are trying to sell - is fucked.

Or, rather, prices are just too high.

In the areas I follow - yorkshire coast - the most popular town, Whitby is still at he same nominal levels as 2004.

Prices doubled 199->2003ish. And have been stuck their since.

Transactions have fallen off a cliff. And thats with ~50% of sales being holiday lets idiots.

Now imagine what will happen if London/Se falls to 2004 prices.

 

 

 

 

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16 hours ago, Chewing Grass said:

This one has been for sale for possibly 4 years (might be more) see it when I'm on my bike.

https://www.rightmove.co.uk/property-for-sale/property-72987430.html

Seems the arse is falling out of 'equestrian facilities' as there are loads of them popping up but nobody wants to pay over-the-top prices for these places unless they have horses, bit of a Catch-22 situation.

https://www.rightmove.co.uk/property-for-sale/property-63848850.html

Another over-priced piece of equestrian shit in the middle of a swamp (locally known as the Moss).

https://www.rightmove.co.uk/property-for-sale/property-81207950.html

Now I've been looking I never knew this one below was up for sale, pass it on my bike but have never seen anyone go in or out of it.

Yours for £12.5 Million if you are mad enough.

https://www.rightmove.co.uk/property-for-sale/property-72241504.html

Fucking hell there is this one as well, always looks empty and just been done up in the last 12 months, took them ages, looks like another property spivs project.

https://www.rightmove.co.uk/property-for-sale/property-78105881.html

This one is for sale as well, they have a yappy little dog and leave the front door open (varnish has peeled off and it shows damp when wet).

https://www.rightmove.co.uk/property-for-sale/property-72342355.html

None of these 'posh' places has a for-sale sign up and it does seem like everyone and their dog is trying to get out of the top of the market on the quiet.

My advice to spyjr is to run away from horsey girls.

Ms spyjr had a mild unicorn phase, where she was teetering on pony vlub, as thats what her friend was going to. A few weekends down the arcades n eateries cured her of that. Best £500 ever spent - 5 weekends, arcade n pizza.

Dont buy a horse, dont think about a horse unless you have a farm. Even then itll cost a fucking fortune.

Just get a quad bike.

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17 hours ago, spunko said:

I posted this on ToS - that's how long ago it's been on the market. It's still not fucking sold. Just been reduced for the, I think, 5th time.

https://www.rightmove.co.uk/property-for-sale/property-83471549.html

 

Asking price now -34% down.

And they've built the new garage since it was first listed.

It is the normal behaviour -- chasing the market down.

If they'd have just said right at the beginning -- 'Sure, you know the market mr EA, but take 10% off anyway' it might well have sold then.  

The reality is the market doesn't have many buyers, and they're only buying the few places that have sellers ahead of the market (though they're not usually being clever, just needing the money fast).

And this is how the market will slide down for ages -- because too many people are chasing the market down, rather than being ahead.

[to add, this is a learnt response -- for years you could price it up and wait for the market to catch up with your own enthusiasm.  But this learnt behaviour doesn't work on the way down.]

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Talking Monkey
7 hours ago, spygirl said:

That chart, on the previous page, showing transaction at half their normal - if theres such thing

And the last 10 years have seen fuckwittery like HTB and FLS, boosting the mortgages.

The housing market - if you are trying to sell - is fucked.

Or, rather, prices are just too high.

In the areas I follow - yorkshire coast - the most popular town, Whitby is still at he same nominal levels as 2004.

Prices doubled 199->2003ish. And have been stuck their since.

Transactions have fallen off a cliff. And thats with ~50% of sales being holiday lets idiots.

Now imagine what will happen if London/Se falls to 2004 prices.

 

 

 

Kin hell Spy you reckon London will fall to 2004 prices, that would be a dream come true. I remember prices were looking absolutely nuts back then, in some areas prices have almost quadrupled since

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2 minutes ago, Talking Monkey said:

Kin hell Spy you reckon London will fall to 2004 prices, that would be a dream come true. I remember prices were looking absolutely nuts back then, in some areas prices have almost quadrupled since

Whats holding london/se up?

The meduan wage was not hugely more than tge uk average.

The main high paying jobs - funsec - has been reamed and will vontinue to be reamed.

Remember in 94ish london fell below 3 x earnings.

95% of lonfon isnt posh places like kensington. Its pretty average houses in burbs.

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Talking Monkey
4 minutes ago, spygirl said:

Whats holding london/se up?

The meduan wage was not hugely more than tge uk average.

The main high paying jobs - funsec - has been reamed and will vontinue to be reamed.

Remember in 94ish london fell below 3 x earnings.

95% of lonfon isnt posh places like kensington. Its pretty average houses in burbs.

All that is true Spy, especially the reaming of Finsec, but to even it out we didn't have epic levels of globalisation in 94 and didn't have huge numbers of Chines and Indians wanting to park their dodgy wealth in UK property. Still if we even get a 30 drop I'd be over the moon, 50% plus would be absolutely wonderful. At the very least would give the younger generation a fighting chance

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5 minutes ago, Talking Monkey said:

All that is true Spy, especially the reaming of Finsec, but to even it out we didn't have epic levels of globalisation in 94 and didn't have huge numbers of Chines and Indians wanting to park their dodgy wealth in UK property. Still if we even get a 30 drop I'd be over the moon, 50% plus would be absolutely wonderful. At the very least would give the younger generation a fighting chance

They dont buy 95% of uk houding stock.

They buy the new build shit.

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30 minutes ago, spygirl said:

They dont buy 95% of uk houding stock.

They buy the new build shit.

How funny would it be if the Potemkin quality new builds were just done to hoover up funny money from those countries.

I do wonder what will happen in 30 - 40 years if they are still standing.  Will there be the resources/funds to clear them and rebuild?

The housing stock in London has served for 200 years in some cases.  (With survivor bias meaning the better stuff is still standing) I just can't see mass produced budget spec new builds having a survivor bias.

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47 minutes ago, spygirl said:

Whats holding london/se up?

The meduan wage was not hugely more than tge uk average.

The main high paying jobs - funsec - has been reamed and will vontinue to be reamed.

Remember in 94ish london fell below 3 x earnings.

95% of lonfon isnt posh places like kensington. Its pretty average houses in burbs.

Bennie seekers from the rest of the world 

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7 minutes ago, Loki said:

How funny would it be if the Potemkin quality new builds were just done to hoover up funny money from those countries.

I do wonder what will happen in 30 - 40 years if they are still standing.  Will there be the resources/funds to clear them and rebuild?

The housing stock in London has served for 200 years in some cases.  (With survivor bias meaning the better stuff is still standing) I just can't see mass produced budget spec new builds having a survivor bias.

Yes.. they could call it Battery Powerstation redevelopment....

The amount of shiny shiny crap new build flats that have been thrown up in London over the last 5 years is huge.

Crack down on funny money coming into uk. And crackdown on funny money leaving china....

Chuck in an ott crackdown in HK and a full on ban on chinese money.

 

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4 minutes ago, spygirl said:

Yes.. they could call it Battery Powerstation redevelopment....

The amount of shiny shiny crap new build flats that have been thrown up in London over the last 5 years is huge.

Crack down on funny money coming into uk. And crackdown on funny money leaving china....

Chuck in an ott crackdown in HK and a full on ban on chinese money.

 

It would be nice if property for the likes of you and me could stay affordable while the overseas loadsamoney's buy the new build shiny crap.  The right people still get their pockets lined.  We don't have to pay 10x annual wage for a 2 bed semi

That's how I would have played it.

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Talking Monkey
28 minutes ago, Loki said:

How funny would it be if the Potemkin quality new builds were just done to hoover up funny money from those countries.

I do wonder what will happen in 30 - 40 years if they are still standing.  Will there be the resources/funds to clear them and rebuild?

The housing stock in London has served for 200 years in some cases.  (With survivor bias meaning the better stuff is still standing) I just can't see mass produced budget spec new builds having a survivor bias.

Most of the shiyte thrown up will be on its last legs after 20 years I reckon, some of it is eyewateringly shiyte

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27 minutes ago, Talking Monkey said:

Most of the shiyte thrown up will be on its last legs after 20 years I reckon, some of it is eyewateringly shiyte

Indeed, but the costs to knock down and rebuild are probably going to be footed by the taxpayer.

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Chewing Grass
1 hour ago, Loki said:

How funny would it be if the Potemkin quality new builds were just done to hoover up funny money from those countries.

I do wonder what will happen in 30 - 40 years if they are still standing.  Will there be the resources/funds to clear them and rebuild?

The housing stock in London has served for 200 years in some cases.  (With survivor bias meaning the better stuff is still standing) I just can't see mass produced budget spec new builds having a survivor bias.

Their downfall will be from the plumbing as most cheap new-build houses and apartments are timber frame construction with insulation and a vapour barrier to an outer skin of porous brick.

Plumbing is now pushfit plastic in the main (for cheapness) and one the developer has fucked offsite it is the purchaser or building managers who are responsible for fixing such things as water leaks.

In shit-hole-on-thames getting something as simple as a small water leak sorted, especially in a communal building would take months and all the while the frame, flooring, plasterboard and insulation is sucking up and storing the water.

In this sort of situation extensive damage will result with the potential to severely affect the structure (wood) of the building.

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3 minutes ago, Chewing Grass said:

Their downfall will be from the plumbing as most cheap new-build houses and apartments are timber frame construction with insulation and a vapour barrier to an outer skin of porous brick.

Plumbing is now pushfit plastic in the main (for cheapness) and one the developer has fucked offsite it is the purchaser or building managers who are responsible for fixing such things as water leaks.

In shit-hole-on-thames getting something as simple as a small water leak sorted, especially in a communal building would take months and all the while the frame, flooring, plasterboard and insulation is sucking up and storing the water.

In this sort of situation extensive damage will result with the potential to severely affect the structure (wood) of the building.

Plumbing was exactly my thoughts.  Combined with chipboard floors, good luck getting access easily.  Apparently modern bricks are crap too.  

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  • 3 months later...

Anyone know please the formula to figure out how much this has "cost" the owners so far against inflation?

https://www.rightmove.co.uk/property-for-sale/property-83471537.html

The stamp duty would have been less on this price. about 3% then:

 

£2,480,000 Detached, Freehold, Residential 01 Jul 2013

Put into perspective it sold for £1.3m in ....... 2001. That's pretty incredible, I wonder if the higher end will see parity with 2001 before the lower end.

£1,360,550 Detached, Freehold, Residential 24 Oct 2001
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2 minutes ago, Tdog said:

Youd need to put in the cost of renting such a place into the equation.

Strange how the top end of the market hasnt shot up as much as the lower end with QE/ZIRP/FFL/TFS.

Nice place though, i'd be a big name in the upper echelons of the swinging community if i owned such a place.

Luckily it's for rent too... £3.5k/m

https://www.rightmove.co.uk/property-to-rent/property-67552203.html

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1 minute ago, Tdog said:

If youve got the cash there is far more value in renting at that end of the market.

2k gets a mere ordinary house nearby.

https://www.rightmove.co.uk/property-to-rent/property-75298654.html

Yeah I think it's actually not a bad price. £3.5k a month so £100 a day to live in a huge house with swimming pool and gym. I know there's other costs but to do that in the equivalent hotel would be £500 a night.

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