Slim Posted March 2, 2009 Share Posted March 2, 2009 Seb & Slim, I bet you both ten pounds you are wrong! Mrbees knows far more about these things and I trust what he says (he is incredibly well read and I've the benefit of womens intuition on these matters) I'd like to see his reasoning. Does he read more than Warren Buffett, who said last week: "Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation." I don't think you can trust anyones analysis as much as you're trusting your husbands. The economy is in a place it's never been before, it's almost impossible to call it day to day. The only thing you can say with any certainty right now is that things are pretty fucked up! Link to comment Share on other sites More sharing options...
thebees Posted March 2, 2009 Share Posted March 2, 2009 Warren Buffett is an American what does what he has to say have to do with the UK's projected inflation? Oh in 5 years my £10 bets might still buy me a can of Holstein. Things are only fucked up on a global scale, don't panic mister Mannering. I was thinking this morning that it might be best to just write the whole lot off, dump all debt and start again......thats what people do, why shouldn't countries do it? lol Link to comment Share on other sites More sharing options...
Slim Posted March 2, 2009 Share Posted March 2, 2009 Warren Buffett is an American what does what he has to say have to do with the UK's projected inflation? Oh in 5 years my £10 bets might still buy me a can of Holstein. His reasoning fits the UK too, he's saying there's an inflationary risk from the recovery process. But fair enough, how about the former Bank of England Gov: "Gieve, who ended his three-year brief overseeing financial stability at the central bank on Friday, said policymakers needed to be wary of keeping rates too low for too long, which could fuel inflation when the recession finishes." Things are only fucked up on a global scale, don't panic mister Mannering. I was thinking this morning that it might be best to just write the whole lot off, dump all debt and start again......thats what people do, why shouldn't countries do it? lol Because of where the money comes from I suppose. You start writing off money paid into treasury bonds, a traditionally 100% safe investment, and things will go very badly. You start writing off debt to other countries who rely on the income from those debts, you think they're going to be happy? Would you be happy about losing all your savings and starting again? Link to comment Share on other sites More sharing options...
piebaps Posted March 2, 2009 Share Posted March 2, 2009 Warren Buffett is an American Has he got a brother called Finger? Apologies for posting crap in a serious thread but my inner child is strong today. Link to comment Share on other sites More sharing options...
keyboarder Posted March 2, 2009 Share Posted March 2, 2009 Apologies for posting crap in a serious thread but my inner child is strong today. Are you lactating yet? Link to comment Share on other sites More sharing options...
piebaps Posted March 2, 2009 Share Posted March 2, 2009 Apologies for posting crap in a serious thread but my inner child is strong today. Are you lactating yet? Fully Link to comment Share on other sites More sharing options...
keyboarder Posted March 2, 2009 Share Posted March 2, 2009 I have an enduring mental image of a slurry resembling a liquidised Fray Bentos product. Link to comment Share on other sites More sharing options...
mad_manx Posted March 4, 2009 Share Posted March 4, 2009 Property sales, March 3, 2009 Published Date: 02 March 2009 Property sales recorded at the General Registry. XX Nursery Avenue, Onchan (end terrace) Asking 208,000 sold 179000 (-14%) XX Ballachrink Drive, Onchan (2 bedroom Bungalow) Asking 262000 Sold 238000 (-9.8%) Link to comment Share on other sites More sharing options...
Bombay Bad Boy Posted March 4, 2009 Share Posted March 4, 2009 6th Feb 2009 Mr Grace had said: 'The market here has slowed down but there has been no obvious fall in house prices.' Shurely not? Link to comment Share on other sites More sharing options...
Gladys Posted March 4, 2009 Share Posted March 4, 2009 Property sales, March 3, 2009 Published Date: 02 March 2009 Property sales recorded at the General Registry. XX Nursery Avenue, Onchan (end terrace) Asking 208,000 sold 179000 (-14%) XX Ballachrink Drive, Onchan (2 bedroom Bungalow) Asking 262000 Sold 238000 (-9.8%) Are those kinds of reductions a signal of a new trend? I don't think so as when I was looking to buy in 2003, the EAs were willing to pass on offers below the asking in that kind of range, even invited them. Does the paper publish the asking price or have you looked at the EA's websites for the comparative? Link to comment Share on other sites More sharing options...
Slim Posted March 4, 2009 Share Posted March 4, 2009 XX Nursery Avenue, Onchan (end terrace) Asking 208,000 sold 179000 (-14%) XX Ballachrink Drive, Onchan (2 bedroom Bungalow) Asking 262000 Sold 238000 (-9.8%) Small 3 bed semi, douglas - £230k 4% off asking price (asking price £240k - http://www.isleofman.com/News/default.aspx...;propertyid=29) 3 bed semi, onchan - £225k 8% off asking price (asking price £245k - http://www.isleofman.com/News/default.aspx...propertyid=134) 3 bed terraced, onchan - £170k 0% off asking price (asking price of a property in the next street, £170k - http://www.isleofman.com/News/default.aspx...propertyid=406) 2 bed bungalow in ramsey - £155k 8% off asking price (asking price £169 - http://www.chrystals.co.im/buy-propertydet...ole-Ramsey-204) 3 bed semi, peel - £243 4% off asking price (http://www.isleofman.com/News/default.aspx?categoryid=11&propertyid=166) 3 bed detatched, douglas - £270 4% off asking price (http://www.isleofman.com/News/default.aspx?categoryid=11&propertyid=79) Link to comment Share on other sites More sharing options...
keyboarder Posted March 4, 2009 Share Posted March 4, 2009 If the Ballachrink one is the one I'm thinking of, that was originally up for circa £299K. Link to comment Share on other sites More sharing options...
Slim Posted March 4, 2009 Share Posted March 4, 2009 If the Ballachrink one is the one I'm thinking of, that was originally up for circa £299K. Kind of meaningless though isn't it, looking at asking prices, unless they paid 300k for it in 2007. According to this: http://www.housepricecrash.co.uk/forum/lof...php/t48418.html Houses in nursery avenue Onchan were going for £170-£175 in 2007, so the asking price above was just silly. This has nothing to do with house prices, and more to do with daft valuations. If it sold for 180, that's a reasonable rise over 165 two years ago. Link to comment Share on other sites More sharing options...
keyboarder Posted March 4, 2009 Share Posted March 4, 2009 I agree with you, but to clarify, I'm referring to the one that sold for £238,000. Link to comment Share on other sites More sharing options...
keyboarder Posted March 4, 2009 Share Posted March 4, 2009 Actually, I'm wrong - I've just looked and the one I mean is still for sale, but down to 262,500........... Link to comment Share on other sites More sharing options...
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