The Government may want to stop us from a recession but since house prices have been allowed to shoot up to unsustainable levels; thats no longer an option.
Our prescription for recovery:
Get house prices back to affordable levels based on current earnings and keep them affordable based on those earnings. Why take risks with property [...]
Archive for May, 2009
A recent posting on the BBC web site seems to sum things up nicely. Please see:
BBC News.
Plus:
House Price Crash Forum.
Jonathan Davis, a chartered financial planner predicted for a long time that the housing market would implode. Anyone suggesting that things may be about to get better is just talking hype.
He derides the idea [...]
Anyone who lets the estate agent selling the house (that they want to buy) get them a mortgage, is showing him all their trump cards!
We would advise people never to go to any mortgage adviser who is an estate agent, or has connections with one, as the same conflict occurs should the two agents collude.
The [...]
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GONE March 2009. Information available for comparison purposes.
Rent:
£250 pcm
Shorthold
(UNfurnished)
A single-roomed studio flat. Tucked away but just yards from the main shops and beaches of St Ives, in a traffic-free location.
Separate ground floor access and located beneath a traditional fisherman’s house.
A bijoux-sized one-room dwelling with charm which should suit someone with local work.
Recently [...]
Following yesterday’s Property Watch on BBC2, We thought we’d set out more clearly precisely why house prices can’t stop falling yet. Its because of the affordability gap.
Until rents (which are based on earnings and are never far removed from these) can start generating a 6% yield on capital, or house prices, the latter must [...]
We dealt direct with Mr Peter Hendry regarding the property in St Ives. The advertisment was clearly put on view in a newsagents. The phone conversation clear and informative. Viewing the property excellent, very polite, direct and on time! Dealing with Mr Hendry has been a pleasure and we would advise [...]
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