Liverpool FC Forum

by **Sabre** » Tue Jul 01, 2008 6:32 pm

Crosspost: Barry in another thread says

I am mate!! But not a very busy one at the moment.
Practically all the building has stopped here cause of the houses not selling!

You might get a economy newspaper and notice that the Spanish growth is the biggest in Europe.

Those macroeconomic numbers have a trick, it's just a householding bubble that it's about to explode.

During the last two decades the prices of flats have increased at ridiculous levels (I think Andy can vouch this opinion) especially in towns like mine, the most expensive of Spain alongside Madrid.

Lots of houses were built, lots of houses have been sold, lots of mortagages have been given with a low Euribor interest rate. As the rate increases, the mortgages can't be paid, the houses are not sold and the recession will inevitably come to an economy based in an important extent on construction.

(I think that in Joe's country something similar happened recently?)

Enough of the background. This is one of the topics I'm worried about as a young Spaniard so I'd like to know:

* How's the price of householding in the United Kingdom, Ireland, or your country?

* If the prices are not ridiculous, what are the factors so that houses are not being sold as Barry mentions?

Thank you.

by **Rafa D** » Tue Jul 01, 2008 6:35 pm

Sabre I can sum it up in 2 words.

We're fucked.

by **Rafa D** » Tue Jul 01, 2008 6:39 pm

Prices are ridiculous, the ecomony is :censored:

, interest rates are going through the roof and Labour is definitely NOT the working mans party.

House's have been going up for a good few years, ridiculously and earlier on this year, pretty much around the same time Northern Rock (a bank who a good percentage of the population have morgages with) went to the British Government with cap in hand looking for them to bale them out, the :censored:

fell out of it. Morgages are dropping and are at all time lows, etc and prices of everything else has gone up - gas up 30%, electrice - up 30%, even food up by :censored:

loads.

Many many people are in negative equity in their houses now, ie the morgage is worth more than the house.

by **SupitsJonF** » Tue Jul 01, 2008 6:40 pm

Not sure if this was your question, but theres a 3 story, 3 car garage beautiful house next door. Stone looks, balcony, backyard made completely level that probably cost around 1.5million. Maybe even 2. Now its around $900,000 tops.

Since the prices are going down for houses in America its getting a lot harder to get a deal with the banks for financing. I've heard of people swapping homes instead of trying to sell because the market is that bad at the moment.

But there is pluses, the gf just got a beach house

.

by **account deleted by request** » Tue Jul 01, 2008 6:45 pm

Where I live house prices are very very low compared to the rest of England. Mainly because no one wants to live here. A four bed detached house here costs around £200/250k, you would be lucky to get a 2 bed semi or terraced in London for that. Yet house price are falling just as fast here percentage wise as in most other areas.

If you are thinking of buying a house I would wait, I think they will come down even further once the energy crisis and the fuel prices really start to hit home this winter. Houses at the moment should be thought about as homes not investments.

by **SupitsJonF** » Tue Jul 01, 2008 6:52 pm

It's time to invest in Horses, Gerbils, Hamsters, and Huskies.

As they will be the solution to the energy crisis.

Horse= Transportation

Gerbils/Hamsters = Home Needs

Huskies = Winter Transportation

by **red37** » Tue Jul 01, 2008 7:10 pm

9 months in a row they have fallen. The only partial relief in that, is the mortgage has gone down as well.

All of 30 quid! :glare:

by **Number 9** » Tue Jul 01, 2008 7:13 pm

People are afraid to buy new houses because they are dropping in value Sabre.They are afraid that if they buy one it will be worth less in a few years!

Northern Ireland is in a dangerous time.
My mates house for example has dropped £50k in 3 years a QUARTER of the price!
People on fixed rate mortgages that are due to run out may not be able to afford the new payments..Some people may have been paying £500 a month and it will rise to £700.Add all this to increases in petrol/diesel,gas has just went up 18% and the electric is due to rise and a lot of people are in very dangerous waters!!

Employment is suffering too,with the building trade being first!
A while back I had the contracts for the plumbing on 2 building sites.The builders have been forced to stop because the houses just wont sell.Personally im lucky,getting enough to get by and should be able to ride it out.I know a lot of guys who are basically in sh'it street!
About 8 miles from where I live builders on a site are offering people a brand new car if they buy a house...they still wont sell!
The house prices here rocketed too much too quick as a result this was always gonna happen.But no one acted on it because the fatcats were jumping in buying houses,keeping them for a while and selling them on for a quick buck!

I cant speak for England or the rest of the UK but there are a lot of people here who will loose their house this year because they simply cant afford a mortgage on top of fuel,food etc.

Things need to stabilise soon or we could be facing a stinker of a recession!

by **red37** » Tue Jul 01, 2008 7:20 pm

And there's you turning down good work yer c*nt

by **Number 9** » Tue Jul 01, 2008 7:29 pm

red37 wrote:And there's you turning down good work yer c*nt

by **Judge** » Tue Jul 01, 2008 7:41 pm

Number 9 wrote:People are afraid to buy new houses because they are dropping in value Sabre.They are afraid that if they buy one it will be worth less in a few years!

Northern Ireland is in a dangerous time.
My mates house for example has dropped £50k in 3 years a QUARTER of the price!
People on fixed rate mortgages that are due to run out may not be able to afford the new payments..Some people may have been paying £500 a month and it will rise to £700.Add all this to increases in petrol/diesel,gas has just went up 18% and the electric is due to rise and a lot of people are in very dangerous waters!!

Employment is suffering too,with the building trade being first!
A while back I had the contracts for the plumbing on 2 building sites.The builders have been forced to stop because the houses just wont sell.Personally im lucky,getting enough to get by and should be able to ride it out.I know a lot of guys who are basically in sh'it street!
About 8 miles from where I live builders on a site are offering people a brand new car if they buy a house...they still wont sell!
The house prices here rocketed too much too quick as a result this was always gonna happen.But no one acted on it because the fatcats were jumping in buying houses,keeping them for a while and selling them on for a quick buck!

I cant speak for England or the rest of the UK but there are a lot of people here who will loose their house this year because they simply cant afford a mortgage on top of fuel,food etc.

Things need to stabilise soon or we could be facing a stinker of a recession!

that dont bother me as i have no job and am a dole dosser, and currently live in a cardboard box outside weatherspoons in belfast

by **NANNY RED** » Tue Jul 01, 2008 8:17 pm

This is the buissness im in well my husband is i just do the paper work :laugh:

Property Developing,

It actualy sickens me at the moment for the youngsters what chance have they got in getting on the property ladder, my lad is 24 an theres no chance he will be able to obtain a mortgage unless we help him.

I live on the Charlton /Blackheath border an the property prices round here are staggering if i wanted to move he now im afraid i wouldnt be able to .

I had a house built in Cyprus 2 years ago in a nice area Massive house with swimming pool and 1/2 acre of land if i tried to do the same here in a similar area with what i have got there id have to win the lottery.

My next door but one has had there house up for sale for eight months now with only 6 viewings in that time they have knocked 25 thousand of the sale price to try and sell it but still noones buying,

We buy Freehold buildings do them up into flats and a shop down stairs and rather rent them out or sell the lease but at the mo even the market is slow there.

by **Sabre** » Tue Jul 01, 2008 9:33 pm

This is the buissness im in well my husband is i just do the paper work Property Developing,

Husband? What husband? You never told me about a husband. :no

Thank you for the answers so far and the ones that may come. It's very interesting to read you lot because UK is like a window for the inmediate future for me -- usually things that happen in UK happen in Spain within some years.

by **NANNY RED** » Tue Jul 01, 2008 11:25 pm

Sabre wrote:
This is the buissness im in well my husband is i just do the paper work Property Developing,

Husband? What husband? You never told me about a husband.

Thank you for the answers so far and the ones that may come. It's very interesting to read you lot because UK is like a window for the inmediate future for me -- usually things that happen in UK happen in Spain within some years.

Ive had the same one for 27 years who do you think pays for all me jaunts i go on. An the matches away an MY European trips so ive got to keep him :laugh:

by **account deleted by request** » Wed Jul 02, 2008 12:08 am

NANNY RED wrote:
Sabre wrote:
This is the buissness im in well my husband is i just do the paper work Property Developing,

Husband? What husband? You never told me about a husband.

Thank you for the answers so far and the ones that may come. It's very interesting to read you lot because UK is like a window for the inmediate future for me -- usually things that happen in UK happen in Spain within some years.

Ive had the same one for 27 years who do you think pays for all me jaunts i go on. An the matches away an MY European trips so ive got to keep him

I think the big question is WHY does he keep you

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