Originally posted by Vito
Looming Crash Prompts Jump in Distressed Debt Hiring
http://www.bloomberg.com/apps/news?p...SmQ&refer=home
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The city seem to be gearing up for the credit bubble to pop. Houses will go the same way - the recent daft market is based on the same cheap credit. HPI is allready YOY negative in the USA, Irleand not far behind. The uk a few months further behind that.
Looming Crash Prompts Jump in Distressed Debt Hiring
http://www.bloomberg.com/apps/news?p...SmQ&refer=home -
Originally posted by pickle
What a load of bulltulip. I've heard the same arguments for years and am still waiting for this bubble to burst. Seems to me that as long as demand outweighs supply we will continue to see a steady rise in house prices. This time last year a neighbour had their house valued at £310,000. Yesterday they had it valued at £345,000! I do feel for those who are not already on the property ladder!Comment
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Your neighbour should re-mortgage quick sharp and spunk it all on an investment property on a golf course in Spain. Sorteeed.Originally posted by PrinceNamorComment
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Oh right those dodgy Polaris World apartments, that they seem so desperate to flog that they're even wheeling out the boss to star in the advertsOriginally posted by pickle
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As soon as subsidised (as in rents are not covering mortgage repayments) buy to let becomes unaffordable prices will fall, it can't be far away.Originally posted by PrinceNamorThe court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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Are we talking Beeny's breasts or house prices?Originally posted by VitoScience isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave JohnsonComment
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lets see if it sells at that price. I don't think so. I've had to knock 10K off my house and I'm having less viewings now then before the price cut.Originally posted by PrinceNamor
Interest rates are high and agents are saying the market is dying. Last weekend for the 1st time in ages my agent said they were sitting at their desks waiting for phone calls. Usually Saturdays is their busiest time.Comment
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I'm just trying to sell a couple of places and we had a flurry of viewers upto about a month ago, eerily quiet the last few weekends.Originally posted by TheRightStuffComment
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Well, they say there is an 18 year cycle in property prices - i.e. the bubble pops every eighteen years. Some sort of natural economic cycle.
Come to think of it, there was a slump in the mid-seventies, and I remember the one in the early nineties. So on that reckoning we've got another couple of years to go.Comment
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There you go.Originally posted by rootsnall
The value is not what the estate agent thinks it's what the market thinks.
The value at which you complete contracts.
Not accepting an offer or exchanging but completing.
Before then it's all air money.
I think it should be illegal for propertys to have Sold boards when only an offer has been accepted. It's not sold it's under offer. Alot of things can happen that the sale will not complete.Comment
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