Daily Boom

[PAH]

Last night's ITV Tonight programme was interesting. All doom/gloom about property reposessions that have been going on at ~100/week since the 'credit crunch', and how it will only get worse as house prices fall further (some examples were given of property having lost 50k in the last few years), trapping many in negative equity, on top of rising interest rates they say are inevitable in the near future.

Hope the gen pop watched it and are currently re-evaluating holding out for a price they think their property is worth, based on peak prices in 2007.

Property prices need to come down a lot more than they have to date. Fortunately many sales are falling through as the banks realise they're overpriced too so are refusing to loan on inflated valuations without significant equity in the property. We may get to sensible affordable levels someday soon.

[DimPrawn]

House prices steady in July, says Halifax - Telegraph

Further signs of a steadying in the UK house market have emerged after figures from the Halifax showed prices rose by 0.3pc in July.


Safe as house. Bricks and mortar. Property only ever goes up, they are not making land anymore, add value, investment, portfolio, Location Location Location, Property Ladder, etc, etc, etc.

How come useless sports personalities and war heroes and business leaders receive honours, but not Kisrty and Phil FFS?