Jump to content

Concrete Jungle

Administrators
 View Profile  See their activity

  • Posts

    725

  • Joined

  • Last visited

 Content Type 

Posts posted by Concrete Jungle

  5. UK House prices: News & Views

    in NEWS Commentary, 2021 & Beyond

    Posted

    The market is a magnificent 'creature'. Even when you know what you know, it still has a powerful 'song' that lures you in.

     

    Also, had a few 'friends' who recently bought and gave me and mrs fwiw guided tours of their newly acquired mansions.

     

    I must say that if it wasn't for my 'hpc with fibs chart' map, I would have crashed too.

     

    Mrs fwiw still thinks i am mad; better to be mad rather than having an enormous milstone round one's neck.

     

    I am happy sat on the sidelines watching the show unfold. I largely keep my opinions to my self these days regarding the state of the housing market and UK economy. If it ever makes sense to buy, I will buy. If not I shall keep my powder dry and evaluate my options in other parts of the world, given that I have a pessimistic outlook for the standard of living in the UK over the next 5 - 10 years.

  8. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Not mad at all. I have 3Kg of pre-1992 Cu now!

     

    After sorting I couldn't resist a trip to the kitchen to weigh my bounty. Only 1.6 kg of copper but I will add to that. I did wonder about changing £20 in to coppers at the bank and sorting those. (Strangely I found sorting the coins quite therapeutic and relaxing).

  9. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Yes, I agree. Wasn't it you who said somewhere 'different tools for different jobs'. Great comment in relation to all this. So we should be hoarding our coppers? Actually I have been, but have felt too sad to tell anyone. :(

     

    I sorted my one and two pence collection in to pre and post 1992 coins last week. Someone on here thought I was a bit mad for doing the same to their copper coin collection. :lol:

  10. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I like Chards and they have a wonderful website, but they are overpriced IMO. Still they are reliable, trustworthy, friendly and very, very knowledgable. Good solid Northern people. Perhaps I should relocate to Blackpool.

     

    I wouldn't wish that on anyone personally. I find Chards expensive and the website not up to date. However they are close enough to permit a trip down the M55 to salivate at the PM's and walk out with my PM's in my hand.

  12. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    It is now abundantly clear that those seeking to preserve their wealth should buy a core position of gold and silver and hold. If you wish to get fancy by thinking you can trade this market go ahead maybe you will get lucky. But as GF says that is often the road to losing your shirt. I tinkered with a tiny trade on the GS ratio and learned my lesson. Fortunately at only a small loss.

     

    That is what I have been doing, placed my small monthly orders yesterday.

  18. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    And STILL 99% of people won't even consider it as an investment. All thanks to the power of the MSM - impoverishing readers and viewers since time began.

     

    I have just been offered a 1981 sovereign for £100. Someone who is trying to raise money for a weekend on the pop! :blink:

  20. The Coming "Bull Trap" in Housing / per Conf. Call #3

    in Property Blog-threads & Anecdotals

    Posted

    People need to keep their heads and not overpay for newly built properties.

    You should always compare the price (in Pounds per square foot, not in number of bedrooms!), with the nearby secondhand stock.

     

    Remember, when you buy it, it is new, when you sell, it will be secondhand!

     

    I price construction jobs in pounds per m2 or foot square at work. I will try and obtain the dims for these houses and see what they comp out at. I was astonished at the prices on the web and had to look three times to be sure I wasn't imagining it or that the site was stuck on 01/04/09. Walking round I had guesstimated the 2 bed three storey at £100,000 - £130,000 and the 5 bed detatched at £320,000 - £350,000. The more expensive houses are very close to my fathers old house and are a similar size, set out on a similar estate with double garages and smaller gardens. My guesstimates are based on my observations on http://www.houseprices.co.uk/ based on similar sized property in the same area.

  21. The Coming "Bull Trap" in Housing / per Conf. Call #3

    in Property Blog-threads & Anecdotals

    Posted

    Quite a number of builders are seeing so-called green shoots, some contractors are stating April is looking busier than for some time, it was shortly after this time last year everything ground to a halt, so i'm going with the bounce factor rather than sustained recovery.

     

    As one fairly sanguine company director put it to me, any property developer thats got anything about them, will be doing something now, this is the run up to easter and the big push to generate interest for the rest of the year. In other words, if they don't do something now, they never will this year, so sites are tentively giving it a go, odd show homes,one or two there, row here, so on.

     

    What happens after that is hard to predict, few have forward visibility of more than a month or so. Whatever anyone says, the trade order book never lies and it's not full by a long way yet.

     

    Riggers

     

    Wainhomes have recently completed homes on 4 separate sites within a two mile radius of where I live. Out of curiosity I looked on the web at the asking prices for the new developments I walked past this evening. Newbuild three storey 2 bed "townhouses" packed very very close together £180,000 to 5 Bed detatched £640,000!!! These are the sort of prices I saw at the peak of the market while living and working in the South East. I can't see many people in this part of the country in this economic climate being foolish enough to pay even half those asking prices. It really makes me wonder how short lived the bull trap will be and the dead cat bounce in builders shares. For the last few weekends these have been subbies working Saturday and Sunday perhaps in an attempt to finish before Easter.

  25. UK House prices: News & Views

    in NEWS Commentary, 2021 & Beyond

    Posted

    Early 2009 bullishness killed off by this mornings Nationwide figures?

    House prices 'fall another 1.8%'

    House prices fell by 1.8% in February as confidence in the UK property market failed to pick up, according to the Nationwide building society.

     

    The lender said that the average UK property had fallen in value by 17.6% over the past 12 months, to £147,746.

     

    Although cuts in interest rates have made mortgage repayments cheaper for some, this has yet to be seen in increased sales, it said.

     

     

    Also the BBC ran an article on falling rents in the UK

    'Rents down' amid flooded market

    The cost of renting a home has dropped as frustrated property sellers have been flooding the market, according to two separate surveys.

     

    Owners were choosing to let rather than sell, having accepted that property prices were likely to stay low for some time, said property website Globrix.

     

    Cities such as Manchester continue to have an oversupply of new-build apartments, said Findaproperty.com.

     

    Its research chief said landlords were adding perks to attract tenants.

     

    Extras such as satellite television or cleaners were being included in the rental agreement to make properties more appealing, said Andrew Smith, of Findaproperty.com.

     

    Some good news for those of us who just want a home to live in.

×
×
  • Create New...