How far will house prices fall [volume 4]

[okgo]

Esseesse said:

I've just looked at that again and noticed it's on for £1.25M , probably about 3 times what it would be worth where I am (only 40 mins to St Pancras).

Glad I don't live inside the M25!

Edit: You must be able to hear if not see the M25 from there too.

Edited by Esseesse on Thursday 8th October 16:21

fking hell, not AGAIN.

[Esseesse]

okgo said:

fking hell, not AGAIN.

I have no idea what you're referring to.

[okgo]

The price thing. Next you'll be surprised a 2 bed flat in Knightsbridge costs more than it does in Worksop

[Magog]

V6Alfisti said:

CountZero23 said:

I really like that.

It's interesting what you can do when formerly cheap homes are suddenly worth serious money and justify a decent investment.

Blimey, that's quite a change.

It's a good effort, and some of the interior is nice as is the rear elevation, but it's very 'nouveau'. Only needs blue LEDs and the lion statues to complete the look. It must stick out like a sore thumb amongst the neighbouring houses, if it was mine I'd cringe each time I came home. Also, the exterior finish will undoubtedly weather quickly and badly. That said they deserve 10/10 for a cracking attempt at the record for worlds smallest in-and-out driveway.

[anonymous-user]

Esseesse said:

the key things they get right... big windows, good sized rooms, big plots with spaces between the houses. The unfashionable details can be dealt with.

We actually reduced the size of every single window, I lie, the downstairs bog stayed the same. I'd say the most unfashionable part of ours was the old stairs in the living room, thank fk we crated a hallway It cost a fair bit to sort it all but by taking the house back to bare block throughout & extending on pretty much every elevation we now have a great house in a great area. Hard bloody work but better than buying a new build & living in a building site for years while they decide what st to build next. Back to prices, one around the corner came on at what I thought was a ridiculous price, sold in 24 hrs. Tiny garden (most gone on the extension at the rear), still has integral (windy) garage, not sure if stairs are still in living room but would imagine they must be (didn't even have time to get floor plans done).

[Magog]

anonymous said:

[redacted]

This one?

https://goo.gl/maps/HtCxZBdZvyk

Much more tasteful, and in keeping with the betjmanesque image of Surrey I like to keep in my head, bowler hatted stock brokers and pipe smoking civil servants on the 6.58 and all that. Not having to live next door to Chris Tarrant or John Terry.

[Mr Moley]

anonymous said:

[redacted]

I agree with a lot of this but in fairness no parking was the point!

[Derek Chevalier]

Magog said:

V6Alfisti said:

CountZero23 said:

I really like that.

It's interesting what you can do when formerly cheap homes are suddenly worth serious money and justify a decent investment.

Blimey, that's quite a change.

It's a good effort, and some of the interior is nice as is the rear elevation, but it's very 'nouveau'.

That's pretty much the standard style for refurbs in Surrey

[Esseesse]

Derek Chevalier said:

Magog said:

V6Alfisti said:

CountZero23 said:

I really like that.

It's interesting what you can do when formerly cheap homes are suddenly worth serious money and justify a decent investment.

Blimey, that's quite a change.

It's a good effort, and some of the interior is nice as is the rear elevation, but it's very 'nouveau'.

That's pretty much the standard style for refurbs in Surrey

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

Edited by Esseesse on Thursday 8th October 22:04

[Esseesse]

anonymous said:

[redacted]

Don't disagree...

[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.