HBOS - "House prices down 2.5% in March"

[BlasterBates]

The truth is....

the bubble has burst and its serious

[Xenophon]

I live 55 minutes from Paddington, but that still about 80+ miles from West London!

FFS. There are millions of people living in areas where a flat (currently) costs more than £250K. It's not an extreme example at all.

DP is right.

Here is a 2 bed flat for sale near me: http://www.alandemaid.co.uk/properti...430-1207557840

[Turion]

So is that a 40 minute train ride? How far from station at home end? How far from station at city end?

People usually quote the train time as if that is all that is involved - in London at the home end you are uisually closer to the station.

Assuming delays, tube connections, walking, waiting time and so on, the 40mins can double in many instances. And you've got the high cost of the ticket, crowding, bad service.... Living far from your work place is generally considered a negative thing in terms of time, money and convenience. The £250k is example is not extreme, and simply demonstrates how overvalued property is. Hence the crash we're about to experience.

[Cyberman]

I live 55 minutes from Paddington, but that still about 80+ miles from West London!

FFS. There are millions of people living in areas where a flat (currently) costs more than £250K. It's not an extreme example at all.

It is extreme in that nobody is forced to buy at 250K as there are masses of flats available for far less than that. That's the problem with so many people nowadays with unrealistic expectations. They have a chance to compromise and get something affordable, but put themselves in a position where any rise in interest rates could put them in the precarious position of repossession.
That is just plain crazy, and they almost deserve the problems they face as they were totally avoidable by accepting a train journey of less than an hour.

[Cyberman]

Assuming delays, tube connections, walking, waiting time and so on, the 40mins can double in many instances. And you've got the high cost of the ticket, crowding, bad service.... Living far from your work place is generally considered a negative thing in terms of time, money and convenience. The £250k is example is not extreme, and simply demonstrates how overvalued property is. Hence the crash we're about to experience.

Well, if they would rather pay another 100K for a flat than accept a bit of inconvenience that's their prerogative. Further on, as interest rates rise and they have worries of repossession they may come to realise their mistake.

[51st State]

From graph, will take 0% growth for the next 10 years to get back to the trend. As things will likely go below trend quicker than that, we're looking at 50% loss of value in real terms over the next few years

If you try and post this into every single thread someone might actually listen to your drivel, you skint half wit.

[AtW]

If you try and post this into every single thread someone might actually listen to your drivel, you skint half wit.

Your answer does not exactly make up a credible reply to his post, no matter how often it was reposted (not a lot by CUK standards).

[51st State]

Your answer does not exactly make up a credible reply to his post, no matter how often it was reposted (not a lot by CUK standards).

Isn't it time you went back to your failing search engine, or military service, draft dodger.
You have no right to comment about the English mortgage market as you're not a part of it.

[AtW]

Isn't it time you went back to your failing search engine, or military service, draft dodger.
You have no right to comment about the English mortgage market as you're not a part of it.

Sounds like you are an Arsenal fan whose team just lost miserably so you are picking on people - pathetic loser

[GeorgeGregan]

Isn't it time you went back to your failing search engine, or military service, draft dodger.
You have no right to comment about the English mortgage market as you're not a part of it.

That's a bit like saying you have no right to say it's silly to follow everyone else off a cliff because you're not doing so.