E-Bikes: The phenomenon, The Problem.
- Thread starter soundwave
- Start date
Can't you buy a £9,999 barn with land for your projects? Knock it down and apply for planning permission to build a mansion? Transfer the funds to my mate, he'll get you a bunch of nice barns. Nigerian Prince, has connections, prefers to be paid in pygmy llamas. Untraceable.
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Very effective doorstops - no good if you can't spend or invest it. But that's your puzzle to solve....
UK household wealth hit by largest decline since World War II due to increasing interest rates
" If this trend continues over the next five years, it could lead to a 25 per cent decrease in house prices in cash terms, which would be advantageous for young people looking to purchase a home. "
vigourtimes.com
" If this trend continues over the next five years, it could lead to a 25 per cent decrease in house prices in cash terms, which would be advantageous for young people looking to purchase a home. "
UK household wealth hit by largest decline since World War II due to increasing interest rates - VigourTimes
Get the latest updates on UK interest rates for free!
vigourtimes.com
No - this appears to be a disingenuous example of the forthcoming "property apocalypse".
Listing History
Date Event Price 14th Jun 2023 Price increased by £2,500 £190,000 13th Jun 2023 Price reduced by £187,500 £187,500 19th Apr 2023 First listed £375,000
and its only just the start of it 100 year reset
This is an housing association-style property deal. Total value of property is GBP375K. 50% of that is £187.5K. The buyer enters into a joint-ownership contract with the housing association. The value of the 50% is now GBP190k which would suggest that the total value of the property is now GBP380k - gone up GBP5k.
I you believe in property ownership being a good thing then these kinds of deals will support that belief.
75k off that one its all over priced.
Listing History
| Date | Event | Price |
|---|---|---|
| 7th Jun 2023 | Price reduced by £25,000 | £475,000 |
| 24th May 2023 | Price reduced by £50,000 | £500,000 |
| 9th May 2023 | First listed | £550,000 |
Listing History
| Date | Event | Price |
|---|---|---|
| 13th Jun 2022 | Price reduced by £1,100,000 | £1,100,000 |
| 31st May 2022 | First listed | £2,200,000 |
If you're looking at the auction guide price, forget it. They're always completely unrealistic. They do that to attract people into the auction.
House prices definitely peaked last year. I would expect a downturn in prices of at least 10%, probably 20%, in the next 12 months. It could be even worse, and thank your lucky stars that you're not a Ukrainian householder. In the area where they're fighting, there isn't a single house left standing in whole cities, not that it matters because with 250,000 citizens killed so far, there won't be anybody left to buy them anyway.
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that house is 5 mins up the road, they have just built 2 2bed house at the top of my road and paid 125k just for the land they are screwed
| Date | Event | Price |
|---|---|---|
| 9th Jun 2023 | Price reduced by £50,000 | £550,000 |
| 2nd Jun 2023 | Price reduced by £100,000 | £600,000 |
| 15th May 2023 | First listed | £700,000 |
I think house prices will drop a bit, but they will not collapse. There are too many people and too little available housing stock, so in the long run prices will go back up again.
well it takes 3 quarts for the market to catch up so time to buy will be next year as if there down 5-10% now then its going to get alot worse b4 it gets better.
should be able to get my council house for 20k at this rate
_WEB_Estates Admin, Stroud District Council 15 June 2023
Good Afternoon,
Following your correspondence of 25^th May 2023 requesting information
from Stroud District Council, we have now completed our searches and
provide you with the information we hold:
The Council was able to consider building new council housing after the
implementation of HRA self-financing in 2012. According to our records,
please see details of our new build completions below. Please note that we
have only developed new homes for social/affordable rent and shared
ownership.
Financial Year Total No. Units Rented Shared Ownership
2010/11 0
2011/12 0
2012/13 0
2013/14 0
2014/15 0
2015/16 61 52 9
2016/17 79 65 14
2017/18 36 31 5
2018/19 8 8 0
2019/20 11 11 0
2020/21 5 3 2
2021/22 12 7 5
2022/23 24 24 0
Total 236 201 35
If you are dissatisfied with our management of your request, Stroud
District Council has an internal review process which you can access by
emailing [1][email address] or by calling 01453 766 321. If
you are still dissatisfied after review, you also have the right to appeal
to the Information Commissioners Office who can be contacted at ico.org.uk
or by calling 0303 123 1113. Any request for review must be received
within 40 working days of our initial correspondence.
Kind Regards,
Estates Admin
all the houses they built round here are shared so there arnt really any new houses with dwp rent prices as 750 is all you get for a 3 bed house a month.
should be able to get my council house for 20k at this rate
_WEB_Estates Admin, Stroud District Council 15 June 2023
Good Afternoon,
Following your correspondence of 25^th May 2023 requesting information
from Stroud District Council, we have now completed our searches and
provide you with the information we hold:
The Council was able to consider building new council housing after the
implementation of HRA self-financing in 2012. According to our records,
please see details of our new build completions below. Please note that we
have only developed new homes for social/affordable rent and shared
ownership.
Financial Year Total No. Units Rented Shared Ownership
2010/11 0
2011/12 0
2012/13 0
2013/14 0
2014/15 0
2015/16 61 52 9
2016/17 79 65 14
2017/18 36 31 5
2018/19 8 8 0
2019/20 11 11 0
2020/21 5 3 2
2021/22 12 7 5
2022/23 24 24 0
Total 236 201 35
If you are dissatisfied with our management of your request, Stroud
District Council has an internal review process which you can access by
emailing [1][email address] or by calling 01453 766 321. If
you are still dissatisfied after review, you also have the right to appeal
to the Information Commissioners Office who can be contacted at ico.org.uk
or by calling 0303 123 1113. Any request for review must be received
within 40 working days of our initial correspondence.
Kind Regards,
Estates Admin
all the houses they built round here are shared so there arnt really any new houses with dwp rent prices as 750 is all you get for a 3 bed house a month.
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That's already happened here in South London. The prices were falling earlier in the year but are now rising sharply again as the shortage bites. And that despite the now higher mortgage rates.
.
Another factor is the decline of the rental market. A lot of landlords are giving up and selling, it's not worth their while any more, so a lot of people renting have no option but to look at buying.
How 1970s inflation only came to an end when interest rates hit 17%
In the 1970s stubborn inflation saw interest rates raised to historic levels, leaving many homeowners with unaffordable mortgage payments. Above: How interest rates have changed since 1800.
it wont stop going up this year so if it hits 70s rates then every one buying a house now is screwed if that happens as wont be able to afford the payments and will be then forced to sell.
i dont know anyone that can afford to pay 2k a month just for the mortgage at 5.5.% let alone it hitting 15% or more.
That's very misleading, retail price index interest rates, excluding housing. No mortgate back then was at 25%. Even the investment mortgage rate with the Property Owners Building Society that I was using peaked at 9%.How 1970s inflation only came to an end when interest rates hit 17%
In the 1970s stubborn inflation saw interest rates raised to historic levels, leaving many homeowners with unaffordable mortgage payments. Above: How interest rates have changed since 1800.www.dailymail.co.uk
View attachment 52826
it wont stop going up this year so if it hits 70s rates then every one buying a house now is screwed if that happens as wont be able to afford the payments and will be then forced to sell.
i dont know anyone that can afford to pay 2k a month just for the mortgage at 5.5.% let alone it hitting 15% or more.
Mortgage rates one way or another will adjust to suit what enough people can afford. There's too many scare stories these days, time for everyone to calm down, relax, stop reading newspapers and turn off the TV news and scaremongering documentaries.
.
even at those rates given the prices of houses these days will be impossible for most virgin chaged from cpi to rpi so its 50 quid a month now and next april says it will be 70 crafty buggers and locked in for 2 years.
my granddad bought his house in the 70s a 3 bed cottage with a old school building on the side for 5k
we sold it 20 years ago for 425k and the guy has spent 1 million quid on it and still not finished must have spent 200k on legal fees over a fkn tiny potting shed on the boundary line
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