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   House Price Crash!
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   Old Thread  #32 21 Jun 2020 at 5.09pm  Login so you can post / reply  Register so you can join in!
Just sold a 2 bed apartment £10,000 over asking only been on the market since end of May
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   Old Thread  #31 20 Jun 2020 at 10.41pm  Login so you can post / reply  Register so you can join in!
In reply to Post #29
Total rubbish , mine has dropped £15,000 in the last 3 months
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   Old Thread  #30 20 Jun 2020 at 8.53pm  Login so you can post / reply  Register so you can join in!
In reply to Post #29
Was that a official company statement or some bloke who hasn't made a sale in a while and wants to frighten others into buying something
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   Old Thread  #29 20 Jun 2020 at 8.50pm  Login so you can post / reply  Register so you can join in!
Rightmove reckon house prices have increased by an average of 6k since covid started,I've no idea if this is true
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   Old Thread  #28 20 Jun 2020 at 4.20pm  Login so you can post / reply  Register so you can join in!
In reply to Post #19
I live up north, tynemouth to be precise on the northumberland coast line and my house on average has went up around £1000 a month since i bought it 3 years ago. It all depends where abouts in the north you buy but it has not affected house prices where I am. There are some very cheap houses in the north but there further down south from me ie Middlesborough. Ive got 3 other houses two which i rent out and a holiday home in keswick in the lake district which i dont rent as we use it all the time which isnt a very good financial move as i could get in a week from it for what i get a month from each of the other houses i rent but money isnt everything. All the new tax increases that are now in for landlords makes it a lot harder to make good money from it now and you will make next to nothing if your paying top dollar for a house you want to rent out, it will only really be good as investment for when you retire. The only reason I do ok is that i don't have a mortgage on any of them so its all profit as no mortgage to pay, we just have the tax on the revenue from them and the landlord insurance.
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   Old Thread  #27 19 Jun 2020 at 9.34am  Login so you can post / reply  Register so you can join in!
In reply to Post #26

Still 13% down on pre lockdown but retail sales in May up 42% from previous month.
There's bound to be some causalities but let's hope for a continued upturn
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   Old Thread  #26 19 Jun 2020 at 9.15am  Login so you can post / reply  Register so you can join in!
In reply to Post #12
I agree...financial armageddon is all but certain in my eyes.

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   Old Thread  #25 18 Jun 2020 at 5.34pm  Login so you can post / reply  Register so you can join in!
In reply to Post #24
Bloody capitalists.
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   Old Thread  #24 18 Jun 2020 at 1.46pm  Login so you can post / reply  Register so you can join in!
In reply to Post #23
Might guess is whatever the amount you reduce the VAT the companies will put their prices up by a corresponding amount
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   Old Thread  #23 18 Jun 2020 at 12.37pm  Login so you can post / reply  Register so you can join in!
Another £100bn of QE, total now of £745bn.

Is it possible that VAT could be reduced to encourage spending?
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   Old Thread  #22 14 Jun 2020 at 1.49pm  Login so you can post / reply  Register so you can join in!
In reply to Post #21
Yeah I heard he saved a few people money like that, fair play to him, but he was massively wrong about house prices and there was a thread that went on for about a year or so, pretty sure he even sold his house and rented banking on the crash so that he could clean up. He was also pretty rude to a lot of people that disagreed with him on it.
Long and short of it is that heís dead right about it being a perfect storm, it the bottom line is that we are so overpopulated that I think the demand will almost certainly outstrip supply and prices will stagnate for years to come, no odds to me as Iíve got no mortgage on my house.
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   Old Thread  #21 14 Jun 2020 at 11.01am  Login so you can post / reply  Register so you can join in!
Stimpy saved me a fortune, took his advice and moved mortgage to a tracker 4 months before interest rates shifted.......
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   Old Thread  #20 14 Jun 2020 at 9.44am  Login so you can post / reply  Register so you can join in!
In reply to Post #1
Over 10yrs since Stimpy told us all there was gonna be the biggest house price crash ever heís back saying it again, I said it wouldnít happen last time and Iíd be very surprised if it happened this time. Hope youíre well though Stimpy👍
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   Old Thread  #19 13 Jun 2020 at 12.58pm  Login so you can post / reply  Register so you can join in!
Yes we will have a reception but personally I donít think it will be half as bad as before.

Last time the banks didnít have much or any money this time they have its the government whoís lending the money.

Personally my mortgage is almost paid so Iím not really bothered but I was thinking of selling up next year and getting a bigger house maybe I could sell up and maybe buy not a house but a town up north
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   Old Thread  #18 13 Jun 2020 at 12.08pm  Login so you can post / reply  Register so you can join in!
In reply to Post #16

Or it should be , but you can get away with anything if you donate to the Tory party , or if Labour get in next time they will probably be the same under Starmer !
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