Reply to: Repossession number 'up by 71%'

[Bob Dalek]

You could have Russell Branded that "I 'ates stats does I, upstairs downstairs, whata pulava missus whiggins, I iz discomboulated. It makes me willy nilly shrive right up so it does. Right up me bumsy wumsy"

I knew you were a fan.

[AtW]

Safe as Houses (tm).

[Bagpuss]

I hate stats. F--k off.

You could have Russell Branded that "I 'ates stats does I, upstairs downstairs, whata pulava missus whiggins, I iz discomboulated. It makes me willy nilly shrive right up so it does. Right up me bumsy wumsy"

[minsky1]

I've just (Friday) received the latest catalogue from an auctioneer i'd used previously.

The last one I had from them was early this year, and it was pants - nothing of any interest in it at all.

Im shocked by whats in it ........ 600 lots and most if not all are for sale by the mortgagees in posession. Some good quality stuff by all accounts, in all areas of the country. The real eye opener will be to get the selling results.

This must have been in the offing for some if they are now hitting the market. Bear in mind to reposess through the courts, take posession, do the legal work, survey and put up for sale at the next auction is not going to be a quick process.

[Bob Dalek]

It's a significant increase, but as said before, a significant increase may not be of any significance in the big scheme of things...

I hate stats. F--k off.

[Moscow Mule]

Yes. But how many are paid for?

71% is significant.

<waits for sasponce to trot-out some obscure and boring "fact" to prove that everything is fine, because he's so clever>

It's a significant increase, but as said before, a significant increase may not be of any significance in the big scheme of things...

[Bob Dalek]

So that's less than a quarter of a percent of the total housing stock.

Yes. But how many are paid for?

71% is significant.

<waits for sasponce to trot-out some obscure and boring "fact" to prove that everything is fine, because he's so clever>

[BrilloPad]

So that's less than a quarter of a percent of the total housing stock.

Indeed - and I think it will get alot higher for next 2 years. There will then be 3 years of static prices while the "overhang" is sold.

I can't see house prices taking 20 years to recover.....

[Moscow Mule]

Is it about 20 million?

So that's less than a quarter of a percent of the total housing stock.

[BrilloPad]

So, that's roughly 40,000 a year - how many homes are there in the UK?

Is it about 20 million?

[Bagpuss]

How do Northern Rock relate to this?

<bagpuss puts out the twatsign>

[TimberWolf]

Repossession number 'up by 71%'

The good news is that they only have to drop by 41% to get back to where they were.

[MarillionFan]

Wait until the repossession rate is really high and then buy.

Local authority will then pay you to rent the houses you've bought back to the people who used to own them!

Easy peasy Rodney!

[Moscow Mule]

71% of hardly any isn't much at all... though I do expect this figure to be significantly higher this time next year.

The number of repossessions in the second quarter of the year was 11,054,

So, that's roughly 40,000 a year - how many homes are there in the UK?

[gingerjedi]

71% of hardly any isn't much at all... though I do expect this figure to be significantly higher this time next year.