How far will house prices fall [volume 4]

[VX Foxy]

Esseesse said:

I agree with the nouveau comment. Not bad but everything about it very predictable.

Edited by Esseesse on Thursday 8th October 22:04

What style would you rather have?

Think I'd prefer this http://www.rightmove.co.uk/property-for-sale/prope...

[scenario8]

I've been away for a while. Have we resumed slagging off properties in the greater Cobham area again like we did in the good old days?

From memory ripping apart Churchods' stock was the preferred approach. Happy memories...

[VX Foxy]

Yes. Noel, we miss you.

[Thankyou4calling]

If Scenario8 is Noel Watson, welcome back, I did use to enjoy your posts.

[scenario8]

No, I'm not the much loved Noel. I thought I saw him back here some months ago.

I think Foxy was just holding a lamp for him and calling out wistfully into the Internet void.

[Mr Whippy]

JagLover said:

V6Alfisti said:

Major concerns about the global market, surely this will impact house prices?

http://www.cityam.com/225986/imf-emerging-markets-...

Perhaps a small fall might result from a global recession.

The usual rules regarding boom and bust in house prices were ended in 2008 and it is clear now that governments of all political colours will do everything in their power to stop house prices falling significantly.

They're still booming and busting, it's just the value of money itself that booms and busts now.


The only outcome that will work, bar a huge crash of everything everywhere, is rapid inflation and a huge devaluing of debt burdens and everything else.

The reason we're in this mess is bad debt, and so the bad debt needs to be devalued one way or another so it's not risky. A huge amount of that bad debt is in property.

Just look at London, San Francisco, Sydney etc. They'll never be 'worth' more than they are now, for a long time.

[okgo]

Define worth - isn't it what someone is willing to pay?

[z4RRSchris]

he means as a % of wage etc... trying to say that house prices won't crash anymore governments will inflate their way out. value / worth of your money changes not the house

I don't believe in this

[Pork]

z4RRSchris said:

he means as a % of wage etc... trying to say that house prices won't crash anymore governments will inflate their way out. value / worth of your money changes not the house

I don't believe in this

I don't believe in it either.

However, I'm not a policy maker. Evidence suggests policy makers around the world are rather fond of the idea!

[z4RRSchris]

Pork said:

I don't believe in it either.

However, I'm not a policy maker. Evidence suggests policy makers around the world are rather fond of the idea!

that's because is prolongs the pain into the next administration

if house prices crashed 50% on your watch you ain't getting in again.

[princeperch]

http://www.rightmove.co.uk/property-for-sale/prope...

this sort of sums up the outer London property market for me. its just over 700 sq ft ffs.

[turbobloke]

princeperch said:

http://www.rightmove.co.uk/property-for-sale/prope...

this sort of sums up the outer London property market for me. its just over 700 sq ft ffs.

2-bed terraced house £500,000 see above.

3-bed terraced house £50,000 see below.

http://www.zoopla.co.uk/for-sale/details/37778537

No tube or mainline stations anywhere nearby, however

[okgo]

princeperch said:

http://www.rightmove.co.uk/property-for-sale/prope...

this sort of sums up the outer London property market for me. its just over 700 sq ft ffs.

That looks quite reasonable!

Try this one for size http://www.zoopla.co.uk/for-sale/details/38344999?...

[Justayellowbadge]

okgo said:

That looks quite reasonable!

Try this one for size http://www.zoopla.co.uk/for-sale/details/38344999?...

3 beds? 1000 sq Ft?

Don't know they're born, some people.

Try this. 660 sq ft. 1.35mil.

http://www.rightmove.co.uk/property-for-sale/prope...

[okgo]

At least that is in a nice location, I'd argue the Richmond one isn't in the best area. But yes, utterly mental, the Richmond one needs a wedge spent on it too (probably to make it look like your gaff).

[okgo]

anonymous said:

[redacted]

Probably a bit more than that I would have thought?

But close, which is about the same as what stuff in 'The Alberts' goes for in Richmond, I know as I've been keeping an eye, but they're just too small, so perhaps the Richmond one will sell for around a mil.

[gd49]

turbobloke said:

3-bed terraced house £50,000 see below.

http://www.zoopla.co.uk/for-sale/details/37778537

No tube or mainline stations anywhere nearby, however

According to the floorplan the bathroom is accessed from outside, I didnt think you could still buy that in the UK...

[turbobloke]

gd49 said:

turbobloke said:

3-bed terraced house £50,000 see below.

http://www.zoopla.co.uk/for-sale/details/37778537

No tube or mainline stations anywhere nearby, however

According to the floorplan the bathroom is accessed from outside, I didnt think you could still buy that in the UK...

Possibly not via a mortgage but cash would be OK surely.

[FourWheelDrift]

gd49 said:

turbobloke said:

3-bed terraced house £50,000 see below.

http://www.zoopla.co.uk/for-sale/details/37778537

No tube or mainline stations anywhere nearby, however

According to the floorplan the bathroom is accessed from outside, I didnt think you could still buy that in the UK...

That would be a mistake because if you look around there is no way to get outside.

[turbobloke]

FourWheelDrift said:

gd49 said:

turbobloke said:

3-bed terraced house £50,000 see below.

http://www.zoopla.co.uk/for-sale/details/37778537

No tube or mainline stations anywhere nearby, however

According to the floorplan the bathroom is accessed from outside, I didnt think you could still buy that in the UK...

That would be a mistake because if you look around there is no way to get outside.

Safer that way.