Page 1 of 3 123 LastLast
Results 1 to 16 of 43

Thread: One for Rave

  1. #1
    mush-mushroom b0redom's Avatar
    Join Date
    Oct 2005
    Location
    Middlesex
    Posts
    3,465
    Thanks
    193
    Thanked
    369 times in 284 posts
    • b0redom's system
      • Motherboard:
      • Some iMac thingy
      • CPU:
      • 3.4Ghz Quad Core i7
      • Memory:
      • 24GB
      • Storage:
      • 3TB Fusion Drive
      • Graphics card(s):
      • nViidia GTX 680MX
      • PSU:
      • Some iMac thingy
      • Case:
      • Late 2012 pointlessly thin iMac enclosure
      • Operating System:
      • OSX 10.8 / Win 7 Pro
      • Monitor(s):
      • Dell 2713H
      • Internet:
      • Be+

  2. #2
    IBM
    IBM is offline
    there but for the grace of God, go I IBM's Avatar
    Join Date
    Dec 2003
    Location
    West London
    Posts
    4,187
    Thanks
    149
    Thanked
    244 times in 145 posts
    • IBM's system
      • Motherboard:
      • Asus P5K Deluxe
      • CPU:
      • Intel E6600 Core2Duo 2.40GHz
      • Memory:
      • 2x2GB kit (1GBx2), Ballistix 240-pin DIMM, DDR2 PC2-6400
      • Storage:
      • 150G WD SATA 10k RAPTOR, 500GB WD SATA Enterprise
      • Graphics card(s):
      • Leadtek NVIDIA GeForce PX8800GTS 640MB
      • PSU:
      • CORSAIR HX 620W MODULAR PSU
      • Case:
      • Antec P182 Black Case
      • Monitor(s):
      • Dell 2407WPF A04
      • Internet:
      • domestic zoom

    Re: One for Rave

    What fun. if there's a house pricing crash, back to 2003 levels, my house would be worth 30% less than I actually paid for it. In 2003.

    Load of bollocks.

    Fun to see that if it went back to 1993 levels I could expect a 80% drop in value.
    sig removed by Zak33

  3. #3
    Seething Cauldron of Hatred TheAnimus's Avatar
    Join Date
    Aug 2005
    Posts
    17,168
    Thanks
    803
    Thanked
    2,152 times in 1,408 posts

    Re: One for Rave

    The problem with all this house price crash doomsaying, is that it will ultimately happen, then the naysayers will be un-sufferable going round saying "I told you so" etc. When no, no you didn't, the world is going to end. One day it will. Not knowing when is useless. Fact of the matter is my flat which i bought this year, has gone up in value by at least 60k, this because we bought in an on the up area, and have two bathrooms in a two bed flat. This is not a made up figure, a smaller flat, in a less fashionable bigger block, about 2 mins further away from the tube station went for £335k. One in the same building in a much nicer condition was £270k when i was looking in jan. I'm not disputing such a jump may not be sustainable. But if you think all of a sudden loosing a 3rd of the value, isn't such a big issue when its already jumped 20% in less than a year! Long live the green belt, and hard working immigration that will actually want to own a hosue, rather than scrounge of the state.
    throw new ArgumentException (String, String, Exception)

  4. #4
    mutantbass head Lee H's Avatar
    Join Date
    Dec 2003
    Location
    M28, Manchester
    Posts
    14,204
    Thanks
    337
    Thanked
    671 times in 580 posts
    • Lee H's system
      • Motherboard:
      • MSI Z370 Carbon Gaming
      • CPU:
      • Intel i7 8700K Unlocked CPU
      • Memory:
      • 16 GB Corsair Vengeance 3200 LPX
      • Storage:
      • 250GB 960 EVO + a few more drives
      • Graphics card(s):
      • 6GB Palit GTX 1060 Dual
      • PSU:
      • Antec Truepower 750W Modular Blue
      • Case:
      • Corsair 600T White Edition
      • Operating System:
      • Windows 10 PRO
      • Monitor(s):
      • 27" Asus MX279H & 24" Acer 3D GD245HQ + the 3D glasses
      • Internet:
      • Virgin Media

    Re: One for Rave

    When can we expect to see realistic house prices in the UK though?

    I mean 80K+ for a small, boxy 2 bed "apartment" with wafer thin walls and floors is not my idea of accomidation.

    In Ibiza or another holiday destination then yes maybe for 2 weeks but not for living in here at home.

  5. #5
    Senior Amoeba iranu's Avatar
    Join Date
    Oct 2003
    Location
    On the dinner table. Blechh!
    Posts
    3,532
    Thanks
    111
    Thanked
    156 times in 106 posts
    • iranu's system
      • Motherboard:
      • Asus Maximus Gene VI
      • CPU:
      • 4670K @4.3Ghz
      • Memory:
      • 8Gb Samsung Green
      • Storage:
      • 1x 256Gb Samsung 830 SSD 2x640gb HGST raid 0
      • Graphics card(s):
      • MSI R9 390
      • PSU:
      • Corsair HX620W Modular
      • Case:
      • Cooler Master Silencio 352
      • Operating System:
      • Win 7 ultimate 64 bit
      • Monitor(s):
      • 23" DELL Ultrasharp U2312HM
      • Internet:
      • 16mb broadband

    Re: One for Rave

    Quote Originally Posted by Lee @ SCAN View Post
    When can we expect to see realistic house prices in the UK though?
    When supply catches up with demand or economic recession. The former will never happen but the latter will.
    "Reality is what it is, not what you want it to be." Frank Zappa. ----------- "The invisible and the non-existent look very much alike." Huang Po.----------- "A drowsy line of wasted time bathes my open mind", - Ride.

  6. #6
    Senior Member
    Join Date
    Sep 2006
    Location
    Copenhagen, DK
    Posts
    1,893
    Thanks
    64
    Thanked
    100 times in 80 posts
    • Barrichello's system
      • Motherboard:
      • Asus Maximus VII Ranger
      • CPU:
      • Intel Core i7-4790 (3.60Ghz)
      • Memory:
      • 16GB
      • Storage:
      • 2 x (250GB) Samsung 840 EVO
      • Graphics card(s):
      • Asus Geforce GTX 770 (DC2OC 2GB GDDR5)
      • PSU:
      • Corsair 750HX
      • Case:
      • Fractal Design Define R4
      • Operating System:
      • Linux/Win 7
      • Monitor(s):
      • BenQ XL2720T
      • Internet:
      • 100MB/100MB

    Re: One for Rave

    The most serious crashes have coincided with interest rates of 15+% and 10% inflation and record unemployment. Compare that today with interest rates of around 5+% (next move down most probably) inflation of 2% and record employment. Add to the mix limited supply partly due to lower house building than even in the 30s (when we had a lower population) and now in present day with increased population due to immigration.

    The above tells me that the fundamentals are just not in place for a crash.

  7. #7
    sneaks quietly away. schmunk's Avatar
    Join Date
    May 2004
    Location
    Wiki Wiki Wild West side... of Sussex
    Posts
    4,424
    Thanks
    40
    Thanked
    163 times in 121 posts
    • schmunk's system
      • Motherboard:
      • Abit NF7-S v2.0
      • CPU:
      • AMD Athlon-M 2500+
      • Memory:
      • 1GB of Corsair BH-5 and 512MB of something else
      • Storage:
      • 160GB Seagate Barracuda
      • Graphics card(s):
      • ATI Radeon X800Pro, flashed to XT
      • PSU:
      • Hiper Type-M ~400W
      • Case:
      • Antec cheapy
      • Monitor(s):
      • AG Neovo F19 LCD
      • Internet:
      • Virgin Media 4MB/s

    Re: One for Rave

    With a massive influx of bloody Polish, coming over here, taking all our jobs [/Daily Mail] there are still a lot of people looking to buy/rent houses at the bottom of the market, so it's unlikely there'll be a big crash soon.

  8. #8
    Treasure Hunter extraordinaire herulach's Avatar
    Join Date
    Apr 2005
    Location
    Bolton
    Posts
    5,618
    Thanks
    18
    Thanked
    172 times in 159 posts
    • herulach's system
      • Motherboard:
      • MSI Z97 MPower
      • CPU:
      • i7 4790K
      • Memory:
      • 8GB Vengeance LP
      • Storage:
      • 1TB WD Blue + 250GB 840 EVo
      • Graphics card(s):
      • 2* Palit GTX 970 Jetstream
      • PSU:
      • EVGA Supernova G2 850W
      • Case:
      • CM HAF Stacker 935, 2*360 Rad WC Loop w/EK blocks.
      • Operating System:
      • Windows 8.1
      • Monitor(s):
      • Crossover 290HD & LG L1980Q
      • Internet:
      • 120mb Virgin Media

    Re: One for Rave

    Quote Originally Posted by Lee @ SCAN View Post
    When can we expect to see realistic house prices in the UK though?

    I mean 80K+ for a small, boxy 2 bed "apartment" with wafer thin walls and floors is not my idea of accomidation.

    In Ibiza or another holiday destination then yes maybe for 2 weeks but not for living in here at home.
    Where are you looking round bolton for that? Property prices in north manchester are bargaintastic (so long as you dont mind a short trip to the tram/train station) A decent sized semi in whitefield for example shouldnt set you back more than about 110/120k. Remember you pay a massive premium for new apartments, which isnt even approaching being worth it.

  9. #9
    Senior Member UltraMagnus's Avatar
    Join Date
    Aug 2005
    Posts
    1,025
    Thanks
    24
    Thanked
    7 times in 7 posts

    Re: One for Rave

    Quote Originally Posted by Lee @ SCAN View Post
    When can we expect to see realistic house prices in the UK though?
    when the UK is covered by one very large skyscraper, that also has 50 sub basements

    either that or we decide to build an extension to the country by throwing billions of gallons of concrete into the ocean

  10. #10
    780 nanometres redlight's Avatar
    Join Date
    May 2005
    Location
    East Herts
    Posts
    859
    Thanks
    7
    Thanked
    26 times in 19 posts
    • redlight's system
      • Motherboard:
      • Abit QuadGT
      • CPU:
      • Core 2 Quad 6600@3.1
      • Memory:
      • 4GB Geil PC6400
      • Storage:
      • 2x250GB Samsung 400GB Seagate
      • Graphics card(s):
      • Leadtek 8800GTS 640MB
      • PSU:
      • Tagan 580w
      • Case:
      • Gigabyte Aurora
      • Monitor(s):
      • Fujitsu Siemens 22" + 42" plasma
      • Internet:
      • 2MB Tiscali

    Re: One for Rave

    Quote Originally Posted by schmunk View Post
    With a massive influx of bloody Polish, coming over here, taking all our jobs [/Daily Mail] there are still a lot of people looking to buy/rent houses at the bottom of the market, so it's unlikely there'll be a big crash soon.
    Nice Polish the ones that are getting out of their bed at six in the morning to do the jobs
    you do not want to do.
    Send them all home these nasty people who have come across here and driven prices down.
    Bit of thatcherism there.
    Oh well you can not have it always can you..
    Or challenge me can you.
    Get up and paint the front of my house for six pounds an hour.
    No! did not think so.

  11. #11
    Mostly Me Lucio's Avatar
    Join Date
    Mar 2007
    Location
    Tring
    Posts
    5,163
    Thanks
    443
    Thanked
    448 times in 351 posts
    • Lucio's system
      • Motherboard:
      • Gigabyte GA-970A-UD3P
      • CPU:
      • AMD FX-6350 with Cooler Master Seldon 240
      • Memory:
      • 2x4GB Corsair DDR3 Vengeance
      • Storage:
      • 128GB Toshiba, 2.5" SSD, 1TB WD Blue WD10EZEX, 500GB Seagate Baracuda 7200.11
      • Graphics card(s):
      • Sapphire R9 270X 4GB
      • PSU:
      • 600W Silverstone Strider SST-ST60F
      • Case:
      • Cooler Master HAF XB
      • Operating System:
      • Windows 8.1 64Bit
      • Monitor(s):
      • Samsung 2032BW, 1680 x 1050
      • Internet:
      • 16Mb Plusnet

    Re: One for Rave

    House prices are silly, purely because businesses can't afford to pay people what they need to purchase a home. It's a vicious spiral really, because people demand more pay to stay in their jobs, it gets given so prices for things rise, this makes it harder to afford things ontop of a silly mortgage and we're back to demanding more pay for the same job.


    All in all it can only end with a crash or an outside force going "enough is enough" and we've seen exactly what the latter achieves in several African countries of late. That's why people can accurately predict a recession and housing price crash, because there's no other rational alternative

  12. #12
    Professional Bum
    Join Date
    Nov 2004
    Posts
    407
    Thanks
    25
    Thanked
    18 times in 17 posts

    Re: One for Rave

    Yup, house prices in my area (Bucks/Thames Valley) are just beyond insane at this point. The simple fact is that house prices cannot continue to go up and up because the money is now well and truly running out. Polish people are certainly not buying up all the houses round here unless they've started paying office cleaners £50K/year while I wasn't looking It's a much deeper rooted problem that can't be laid at any one door.

    One of my friends works in a company who lent out money to the sub prime market and their supply of money literally dried up over night leaving them well and truly up the creek without a paddle. I agree with Barrichello that we aren't quite in the right situation for a crash yet, but we aren't far off.

    Interest rates will continue to go up (even if the next is down 0.25&#37 and that is going to gradually smoke out the people who should never have been given a mortgage in the first place which is fine by me.

    Do I want to own my own house? Yes. But I'm planning on emmigrating in 3-4 years so don't really want to be stuck with something I can't sell, so will simply wait and see what happens. The trouble is, there are still a lot of people with deposits who are waiting for a crash who will help to soften the landing by jumping in early.

  13. #13
    sneaks quietly away. schmunk's Avatar
    Join Date
    May 2004
    Location
    Wiki Wiki Wild West side... of Sussex
    Posts
    4,424
    Thanks
    40
    Thanked
    163 times in 121 posts
    • schmunk's system
      • Motherboard:
      • Abit NF7-S v2.0
      • CPU:
      • AMD Athlon-M 2500+
      • Memory:
      • 1GB of Corsair BH-5 and 512MB of something else
      • Storage:
      • 160GB Seagate Barracuda
      • Graphics card(s):
      • ATI Radeon X800Pro, flashed to XT
      • PSU:
      • Hiper Type-M ~400W
      • Case:
      • Antec cheapy
      • Monitor(s):
      • AG Neovo F19 LCD
      • Internet:
      • Virgin Media 4MB/s

    Re: One for Rave

    Quote Originally Posted by redlight View Post
    Quote Originally Posted by schmunk View Post
    With a massive influx of bloody Polish, coming over here, taking all our jobs [/Daily Mail] there are still a lot of people looking to buy/rent houses at the bottom of the market, so it's unlikely there'll be a big crash soon.
    Nice Polish the ones that are getting out of their bed at six in the morning to do the jobs
    you do not want to do.
    Send them all home these nasty people who have come across here and driven prices down.
    Bit of thatcherism there.
    Oh well you can not have it always can you..
    Or challenge me can you.
    Get up and paint the front of my house for six pounds an hour.
    No! did not think so.
    I'm not sure whether you understood the sarcasm in my post or not.

    Your post just looks like some gibberish sixth form poem.

  14. #14
    sneaks quietly away. schmunk's Avatar
    Join Date
    May 2004
    Location
    Wiki Wiki Wild West side... of Sussex
    Posts
    4,424
    Thanks
    40
    Thanked
    163 times in 121 posts
    • schmunk's system
      • Motherboard:
      • Abit NF7-S v2.0
      • CPU:
      • AMD Athlon-M 2500+
      • Memory:
      • 1GB of Corsair BH-5 and 512MB of something else
      • Storage:
      • 160GB Seagate Barracuda
      • Graphics card(s):
      • ATI Radeon X800Pro, flashed to XT
      • PSU:
      • Hiper Type-M ~400W
      • Case:
      • Antec cheapy
      • Monitor(s):
      • AG Neovo F19 LCD
      • Internet:
      • Virgin Media 4MB/s

    Re: One for Rave

    Quote Originally Posted by wombar View Post
    Polish people are certainly not buying up all the houses round here unless they've started paying office cleaners £50K/year while I wasn't looking
    No, but they're renting lots of houses, and therefore providing fuel for the buy-to-let market, which is a very significant factor at the lower end.

  15. #15
    Senior Amoeba iranu's Avatar
    Join Date
    Oct 2003
    Location
    On the dinner table. Blechh!
    Posts
    3,532
    Thanks
    111
    Thanked
    156 times in 106 posts
    • iranu's system
      • Motherboard:
      • Asus Maximus Gene VI
      • CPU:
      • 4670K @4.3Ghz
      • Memory:
      • 8Gb Samsung Green
      • Storage:
      • 1x 256Gb Samsung 830 SSD 2x640gb HGST raid 0
      • Graphics card(s):
      • MSI R9 390
      • PSU:
      • Corsair HX620W Modular
      • Case:
      • Cooler Master Silencio 352
      • Operating System:
      • Win 7 ultimate 64 bit
      • Monitor(s):
      • 23" DELL Ultrasharp U2312HM
      • Internet:
      • 16mb broadband

    Re: One for Rave

    And the people who have bought houses as buy to let landlords are finding that the rents will not cover the mortgage.

    lol - I think Schmunk's sarcasm was then countered by Redlight's sarcasm. The irony is both didn't see each other's sarcasm. (or maybe I have that wrong - any other neutral party want to interpret?)
    "Reality is what it is, not what you want it to be." Frank Zappa. ----------- "The invisible and the non-existent look very much alike." Huang Po.----------- "A drowsy line of wasted time bathes my open mind", - Ride.

  16. #16
    Senior Member
    Join Date
    Aug 2007
    Posts
    387
    Thanks
    20
    Thanked
    30 times in 21 posts

    Re: One for Rave

    I can remember the last housing crash at the end of the 1980's - the properties that lost most money weren't the expensive, top end properties but the one bed maisonettes and small flats -

Page 1 of 3 123 LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •