ONE of Hampshire's
biggest builders has
stopped work on a £80m
housing scheme following
the collapse of the
property market.
Award-winning Redrow Homes
has shelved plans to build more
than 300 flats on the old Webbs
chicken factory site in Bridge
Road, Lymington.
Earlier this year Redrow demolished
the factory and levelled the
ground - but all activity has now
ceased.
Hailed as the biggest development
in the town for 60 years, the
Lymington Shores scheme was
given planning permission amid
claims that it would transform a
seven-acre site overlooking the
Lymington River.
Redrow has issued a statement
claiming it is still committed to
the project but the company was
unable to say when work will
begin.
It came on the day that the
Government announced that hundreds
more homes than expected
would have to be built across the
south in the next 20 years.
House builders across the country
have put projects on hold amid
fears that prospective buyers will
be denied mortgages because of
the credit crisis.
The first part of the Lymington
Shores scheme was originally due
to be completed in the autumn.
Yesterday huge Redrow signs
announcing that homes will be
"coming soon" were still outside
the site and seven company flags
were continuing to fly above the
entrance.
However, the site itself was
locked and deserted.
Donald Mackenzie, of the
Lymington Society, said: "I
haven't heard anything officially
but there have been rumours that
Redrow have put the site in mothballs
and abandoned building
there for the time being.
"Like all builders, Redrow are
under financial pressure.
"There are said to be about halfa-
million unsold flats across the
country and building another 300
in Lymington probably wouldn't
make a lot of sense at the current
time.
"I hope the site remains safe and
secure. We don't want to see children
running around, putting themselves
and possibly others at risk."
See today's Daily Echo for the full story
9:38am Friday 18th July 2008
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CommentPosted by: Saintlyish, Forest...somewhere on 10:19am Fri 18 Jul 08
TBF this project has been flawed from the beginning - the properties on offer are either:
a)Aimed at the 2nd Home Market (therefore pricing out the locals anyway) OR
b)Shared Ownership for single individuals (all very honourable in theory but we all know that it will be 19yr old Single Mums that end up there).
There's a similar 'Affordable Housing' development in Pilley planned where the 17yr olds are already getting pregnant in advance of the development - securing their place in the queue.
What would impress would be if the project offered LOWER cost homes for families - below £250k purchase price, which would encourage WORKING families to stay in the area that they grew up in.
To top it all, they're likely to build a CARE HOME there - how many more do they need in Lymington ????
The problem is that developers are buying up the 'family size' homes, flattening them and building more flats, that still can't sell.
Look at Rightmove for examples - Hillcroft Mews which was a prime site when developed is already looking shabby - with plenty up for sale at lower prices than when they were bought.
The local councils need to canvass opinion and use that opinion when looking to approve developments such as these - they nearly always miss the market that they are aiming for.
Thank god for the Lymington Society.
TBF this project has been flawed from the beginning - the properties on offer are either:
a)Aimed at the 2nd Home Market (therefore pricing out the locals anyway) OR
b)Shared Ownership for single individuals (all very honourable in theory but we all know that it will be 19yr old Single Mums that end up there).
There's a similar 'Affordable Housing' development in Pilley planned where the 17yr olds are already getting pregnant in advance of the development - securing their place in the queue.
What would impress would be if the project offered LOWER cost homes for families - below £250k purchase price, which would encourage WORKING families to stay in the area that they grew up in.
To top it all, they're likely to build a CARE HOME there - how many more do they need in Lymington ????
The problem is that developers are buying up the 'family size' homes, flattening them and building more flats, that still can't sell.
Look at Rightmove for examples - Hillcroft Mews which was a prime site when developed is already looking shabby - with plenty up for sale at lower prices than when they were bought.
The local councils need to canvass opinion and use that opinion when looking to approve developments such as these - they nearly always miss the market that they are aiming for.
Thank god for the Lymington Society.
Posted by: Will Syllabub, Soton on 10:25am Fri 18 Jul 08
So the property market has officially collapsed, has it?
So the property market has officially collapsed, has it?
Posted by: goard, Lymington on 11:29am Fri 18 Jul 08
Where are the Contracts to build to specification - surely the Lymington Council could sue for breach of Contract? The public could buy a property to renovate but because of a drop in prices back out at the last minute - can this happen?
goard
Where are the Contracts to build to specification - surely the Lymington Council could sue for breach of Contract? The public could buy a property to renovate but because of a drop in prices back out at the last minute - can this happen?
goard
Posted by: Saintlyish, Forest...somewhere on 12:00pm Fri 18 Jul 08
[quote][bold]Will Syllabub[/bold] wrote:
So the property market has officially collapsed, has it?[/quote] Well Will,
The problem has only been increased by the hysteria pedalled by the media over the last six months.
The property market, amongst many other economic things, operates on consumer confidence. Once this is eroded, people stop thinking about moving home and hide away like tortoises in hibernation.
When the Northern Rock fiasco broke the confidence started to slide. Mortgages are still available to the majority of the general public - options are limited however to those with previous credit problems or low deposits.
If you have your own property with equity in it and you want to move with a mortgage you can.
However many believe what they read and see on the TV - It is not as bad as you would believe!
New Homes are standing empty - many in the North are being sold off to Shared Ownership providers so they can clear their books.
What we have now is a market correction, not a collapse. Mortgage Fixed Rates are already starting to reduce, already this week Halifax, Nationwide and C&G have reduced their rates.
If anyone out there is considering a mortgage - don't give up!!!!!
Will Syllabub wrote:
So the property market has officially collapsed, has it?
Well Will,
The problem has only been increased by the hysteria pedalled by the media over the last six months.
The property market, amongst many other economic things, operates on consumer confidence. Once this is eroded, people stop thinking about moving home and hide away like tortoises in hibernation.
When the Northern Rock fiasco broke the confidence started to slide. Mortgages are still available to the majority of the general public - options are limited however to those with previous credit problems or low deposits.
If you have your own property with equity in it and you want to move with a mortgage you can.
However many believe what they read and see on the TV - It is not as bad as you would believe!
New Homes are standing empty - many in the North are being sold off to Shared Ownership providers so they can clear their books.
What we have now is a market correction, not a collapse. Mortgage Fixed Rates are already starting to reduce, already this week Halifax, Nationwide and C&G have reduced their rates.
If anyone out there is considering a mortgage - don't give up!!!!!
Posted by: JP, Victoria on 12:10pm Fri 18 Jul 08
I knew the developer was a chicken!
I knew the developer was a chicken!
Posted by: andrew, auckland, nz on 1:11pm Fri 18 Jul 08
Redrow under financial pressure! They build a reasonable product (at least they did back in the mid-90's. Can't say what they are like now)but just buy one of their homes and try their after sales services.
Absolutely scandalous treatment. I won't say more here as it would most likely be libelous.
Redrow under financial pressure! They build a reasonable product (at least they did back in the mid-90's. Can't say what they are like now)but just buy one of their homes and try their after sales services.
Absolutely scandalous treatment. I won't say more here as it would most likely be libelous.
Posted by: Finlay, Des Moines, Iowa on 1:27pm Fri 18 Jul 08
I cant get enough skilled builders! Sub-prime disaster over and property prices climbing in Iowa and cities giving us land for free just to build homes on as well as massive tax incentives - It is directly opposed to Britains building industry.
We are curently being pushed to submit proposals for 600 units and a football stadium - We have to be cautious as we cannot get the people.
I was a victim of the recession in the 90's and I saw good men lose their homes - I dont want to be part of that and knowing recessions are not a natural occurance, they are initiated by the treasury and the head of the government (Jock Brown in your case) and I would not buy a second hand car from that snidey, sneering SOAB.
I cant get enough skilled builders! Sub-prime disaster over and property prices climbing in Iowa and cities giving us land for free just to build homes on as well as massive tax incentives - It is directly opposed to Britains building industry.
We are curently being pushed to submit proposals for 600 units and a football stadium - We have to be cautious as we cannot get the people.
I was a victim of the recession in the 90's and I saw good men lose their homes - I dont want to be part of that and knowing recessions are not a natural occurance, they are initiated by the treasury and the head of the government (Jock Brown in your case) and I would not buy a second hand car from that snidey, sneering SOAB.
Posted by: The Boatman, New Forest on 1:44pm Fri 18 Jul 08
No great loss - global warming means these homes will all be under water in a few years anyway. Anybody who buys a waterfront property nowadays must be insane. I hope they can't get flood insurance as I don't want my premiums put up because of others greed and stupidity.
No great loss - global warming means these homes will all be under water in a few years anyway. Anybody who buys a waterfront property nowadays must be insane. I hope they can't get flood insurance as I don't want my premiums put up because of others greed and stupidity.
Posted by: Stu, New Forest on 1:47pm Fri 18 Jul 08
This is great news for the town, the building companies have made mega bucks over the past few years at the cost of destroying the town. At least this will postpone more Londoners buying their second home for the short term. It's amazing, these builders have been making a packet, yet the first thing to happen in a slow down is massive layoffs...with the money they have made lately they should be able to go on for donkeys years!!
This is great news for the town, the building companies have made mega bucks over the past few years at the cost of destroying the town. At least this will postpone more Londoners buying their second home for the short term. It's amazing, these builders have been making a packet, yet the first thing to happen in a slow down is massive layoffs...with the money they have made lately they should be able to go on for donkeys years!!
Posted by: Neil, New Forest on 1:51pm Fri 18 Jul 08
[quote][bold]Saintlyish[/bold] wrote:
TBF this project has been flawed from the beginning - the properties on offer are either: a)Aimed at the 2nd Home Market (therefore pricing out the locals anyway) OR b)Shared Ownership for single individuals (all very honourable in theory but we all know that it will be 19yr old Single Mums that end up there). There's a similar 'Affordable Housing' development in Pilley planned where the 17yr olds are already getting pregnant in advance of the development - securing their place in the queue. What would impress would be if the project offered LOWER cost homes for families - below £250k purchase price, which would encourage WORKING families to stay in the area that they grew up in. To top it all, they're likely to build a CARE HOME there - how many more do they need in Lymington ???? The problem is that developers are buying up the 'family size' homes, flattening them and building more flats, that still can't sell. Look at Rightmove for examples - Hillcroft Mews which was a prime site when developed is already looking shabby - with plenty up for sale at lower prices than when they were bought. The local councils need to canvass opinion and use that opinion when looking to approve developments such as these - they nearly always miss the market that they are aiming for. Thank god for the Lymington Society. [/quote] Lymington Socciety?? This was the group started when the builders started encroaching on those properties south of the high street wasn't it?? I only started hearing from this 'society' once the builders started hammering down houses in the areas close to the marinas. Didn't hear much from them when the hospital was bulldozed.
Saintlyish wrote:
TBF this project has been flawed from the beginning - the properties on offer are either: a)Aimed at the 2nd Home Market (therefore pricing out the locals anyway) OR b)Shared Ownership for single individuals (all very honourable in theory but we all know that it will be 19yr old Single Mums that end up there). There's a similar 'Affordable Housing' development in Pilley planned where the 17yr olds are already getting pregnant in advance of the development - securing their place in the queue. What would impress would be if the project offered LOWER cost homes for families - below £250k purchase price, which would encourage WORKING families to stay in the area that they grew up in. To top it all, they're likely to build a CARE HOME there - how many more do they need in Lymington ???? The problem is that developers are buying up the 'family size' homes, flattening them and building more flats, that still can't sell. Look at Rightmove for examples - Hillcroft Mews which was a prime site when developed is already looking shabby - with plenty up for sale at lower prices than when they were bought. The local councils need to canvass opinion and use that opinion when looking to approve developments such as these - they nearly always miss the market that they are aiming for. Thank god for the Lymington Society.
Lymington Socciety?? This was the group started when the builders started encroaching on those properties south of the high street wasn't it?? I only started hearing from this 'society' once the builders started hammering down houses in the areas close to the marinas. Didn't hear much from them when the hospital was bulldozed.
Posted by: Stu, New Forest on 1:56pm Fri 18 Jul 08
[quote][bold]The Boatman[/bold] wrote:
No great loss - global warming means these homes will all be under water in a few years anyway. Anybody who buys a waterfront property nowadays must be insane. I hope they can't get flood insurance as I don't want my premiums put up because of others greed and stupidity. [/quote] Don't you believe it, Lymington hospital was built on a flood plain yet everyone argued it wasn't. If this was the case, why have they now made the flood defences higher along the train line in the last year or so?...these council wallies think we are all daft. Also, quite handy they built the defences to shore up Redrows site as well. Why should the taxpayer have the burdon of sorting out sea defences and new sewer mains when the system gets overloaded..... not all but there are plenty of builders that cut and run and have no concerns for surface water and sewerage problems to face us in the near future.
The Boatman wrote:
No great loss - global warming means these homes will all be under water in a few years anyway. Anybody who buys a waterfront property nowadays must be insane. I hope they can't get flood insurance as I don't want my premiums put up because of others greed and stupidity.
Don't you believe it, Lymington hospital was built on a flood plain yet everyone argued it wasn't. If this was the case, why have they now made the flood defences higher along the train line in the last year or so?...these council wallies think we are all daft. Also, quite handy they built the defences to shore up Redrows site as well. Why should the taxpayer have the burdon of sorting out sea defences and new sewer mains when the system gets overloaded..... not all but there are plenty of builders that cut and run and have no concerns for surface water and sewerage problems to face us in the near future.
Posted by: LOWE OUT on 2:02pm Fri 18 Jul 08
aaaaaaarrrrggggg!!!!
!!!!!
ggggggrggggggrrrrrrr
rrrrrrrrr!!!!!!!!!!!
!!!!
aaaaaaarrrrggggg!!!!
!!!!!
ggggggrggggggrrrrrrr
rrrrrrrrr!!!!!!!!!!!
!!!!
Posted by: Saintlyish, Forest...somewhere on 2:07pm Fri 18 Jul 08
[quote][bold]Neil[/bold] wrote:
[quote][bold]Saintlyish[/bold] wrote: TBF this project has been flawed from the beginning - the properties on offer are either: a)Aimed at the 2nd Home Market (therefore pricing out the locals anyway) OR b)Shared Ownership for single individuals (all very honourable in theory but we all know that it will be 19yr old Single Mums that end up there). There's a similar 'Affordable Housing' development in Pilley planned where the 17yr olds are already getting pregnant in advance of the development - securing their place in the queue. What would impress would be if the project offered LOWER cost homes for families - below £250k purchase price, which would encourage WORKING families to stay in the area that they grew up in. To top it all, they're likely to build a CARE HOME there - how many more do they need in Lymington ???? The problem is that developers are buying up the 'family size' homes, flattening them and building more flats, that still can't sell. Look at Rightmove for examples - Hillcroft Mews which was a prime site when developed is already looking shabby - with plenty up for sale at lower prices than when they were bought. The local councils need to canvass opinion and use that opinion when looking to approve developments such as these - they nearly always miss the market that they are aiming for. Thank god for the Lymington Society. [/quote] Lymington Socciety?? This was the group started when the builders started encroaching on those properties south of the high street wasn't it?? I only started hearing from this 'society' once the builders started hammering down houses in the areas close to the marinas. Didn't hear much from them when the hospital was bulldozed.[/quote] Oh dear, don't get me started on the 'new' hospital.....
Remember when the development was launched it was said it was going to be 'great for Lymington'..yeah right.
Nice and Shiny, but there's a Birthing Centre built in they're not allowed to use (this from a midwife), not enough car parking and no A&E.
[bold]Therefore the services on offer are in fact less than at the old site.[/bold]
Progress? Nope, just a big cheque from the developers....
Neil wrote:
Saintlyish wrote: TBF this project has been flawed from the beginning - the properties on offer are either: a)Aimed at the 2nd Home Market (therefore pricing out the locals anyway) OR b)Shared Ownership for single individuals (all very honourable in theory but we all know that it will be 19yr old Single Mums that end up there). There's a similar 'Affordable Housing' development in Pilley planned where the 17yr olds are already getting pregnant in advance of the development - securing their place in the queue. What would impress would be if the project offered LOWER cost homes for families - below £250k purchase price, which would encourage WORKING families to stay in the area that they grew up in. To top it all, they're likely to build a CARE HOME there - how many more do they need in Lymington ???? The problem is that developers are buying up the 'family size' homes, flattening them and building more flats, that still can't sell. Look at Rightmove for examples - Hillcroft Mews which was a prime site when developed is already looking shabby - with plenty up for sale at lower prices than when they were bought. The local councils need to canvass opinion and use that opinion when looking to approve developments such as these - they nearly always miss the market that they are aiming for. Thank god for the Lymington Society.
Lymington Socciety?? This was the group started when the builders started encroaching on those properties south of the high street wasn't it?? I only started hearing from this 'society' once the builders started hammering down houses in the areas close to the marinas. Didn't hear much from them when the hospital was bulldozed.
Oh dear, don't get me started on the 'new' hospital.....
Remember when the development was launched it was said it was going to be 'great for Lymington'..yeah right.
Nice and Shiny, but there's a Birthing Centre built in they're not allowed to use (this from a midwife), not enough car parking and no A&E.
Therefore the services on offer are in fact less than at the old site.
Progress? Nope, just a big cheque from the developers....
Posted by: Big Boy, Hythe on 3:23pm Fri 18 Jul 08
300 flats on 7 acres! Did I read that right. I am sure that Finlay could tell us if he could sell flats of that size in the Mid-West.
300 flats on 7 acres! Did I read that right. I am sure that Finlay could tell us if he could sell flats of that size in the Mid-West.
Posted by: LOWE OUT on 4:44pm Fri 18 Jul 08
LOWE OUT
Posted by: Claire, Forest on 5:13pm Fri 18 Jul 08
[quote][bold]Saintlyish[/bold] wrote:
[quote][bold]Neil[/bold] wrote: [quote][bold]Saintlyish[/bold] wrote: TBF this project has been flawed from the beginning - the properties on offer are either: a)Aimed at the 2nd Home Market (therefore pricing out the locals anyway) OR b)Shared Ownership for single individuals (all very honourable in theory but we all know that it will be 19yr old Single Mums that end up there). There's a similar 'Affordable Housing' development in Pilley planned where the 17yr olds are already getting pregnant in advance of the development - securing their place in the queue. What would impress would be if the project offered LOWER cost homes for families - below £250k purchase price, which would encourage WORKING families to stay in the area that they grew up in. To top it all, they're likely to build a CARE HOME there - how many more do they need in Lymington ???? The problem is that developers are buying up the 'family size' homes, flattening them and building more flats, that still can't sell. Look at Rightmove for examples - Hillcroft Mews which was a prime site when developed is already looking shabby - with plenty up for sale at lower prices than when they were bought. The local councils need to canvass opinion and use that opinion when looking to approve developments such as these - they nearly always miss the market that they are aiming for. Thank god for the Lymington Society. [/quote] Lymington Socciety?? This was the group started when the builders started encroaching on those properties south of the high street wasn't it?? I only started hearing from this 'society' once the builders started hammering down houses in the areas close to the marinas. Didn't hear much from them when the hospital was bulldozed.[/quote] Oh dear, don't get me started on the 'new' hospital..... Remember when the development was launched it was said it was going to be 'great for Lymington'..yeah right. Nice and Shiny, but there's a Birthing Centre built in they're not allowed to use (this from a midwife), not enough car parking and no A&E. [bold]Therefore the services on offer are in fact less than at the old site.[/bold] Progress? Nope, just a big cheque from the developers....[/quote] My oh my, so obvious why Lymington was never included in the National Park. Once the area has been destroyed and every blade of grass built on, Lymington will then be introduced. My annoyance with the whole hospital sell off is the fact that the NHS could have built and made money from houses on the original sites which would have paid for a good few hospitals. My god, talk about giving the land awau for peanuts The only ones that benefitted were the building companies. Still, it will be nice to see them struggle for a while along with estate agents. Talk about money for old rope.
Saintlyish wrote:
Neil wrote: Saintlyish wrote: TBF this project has been flawed from the beginning - the properties on offer are either: a)Aimed at the 2nd Home Market (therefore pricing out the locals anyway) OR b)Shared Ownership for single individuals (all very honourable in theory but we all know that it will be 19yr old Single Mums that end up there). There's a similar 'Affordable Housing' development in Pilley planned where the 17yr olds are already getting pregnant in advance of the development - securing their place in the queue. What would impress would be if the project offered LOWER cost homes for families - below £250k purchase price, which would encourage WORKING families to stay in the area that they grew up in. To top it all, they're likely to build a CARE HOME there - how many more do they need in Lymington ???? The problem is that developers are buying up the 'family size' homes, flattening them and building more flats, that still can't sell. Look at Rightmove for examples - Hillcroft Mews which was a prime site when developed is already looking shabby - with plenty up for sale at lower prices than when they were bought. The local councils need to canvass opinion and use that opinion when looking to approve developments such as these - they nearly always miss the market that they are aiming for. Thank god for the Lymington Society.
Lymington Socciety?? This was the group started when the builders started encroaching on those properties south of the high street wasn't it?? I only started hearing from this 'society' once the builders started hammering down houses in the areas close to the marinas. Didn't hear much from them when the hospital was bulldozed.
Oh dear, don't get me started on the 'new' hospital..... Remember when the development was launched it was said it was going to be 'great for Lymington'..yeah right. Nice and Shiny, but there's a Birthing Centre built in they're not allowed to use (this from a midwife), not enough car parking and no A&E. Therefore the services on offer are in fact less than at the old site. Progress? Nope, just a big cheque from the developers....
My oh my, so obvious why Lymington was never included in the National Park. Once the area has been destroyed and every blade of grass built on, Lymington will then be introduced. My annoyance with the whole hospital sell off is the fact that the NHS could have built and made money from houses on the original sites which would have paid for a good few hospitals. My god, talk about giving the land awau for peanuts The only ones that benefitted were the building companies. Still, it will be nice to see them struggle for a while along with estate agents. Talk about money for old rope.
Posted by: forestbird, lymington on 5:55pm Fri 18 Jul 08
Lymington society? thats a joke. they are as much use as a chocolate poker apart from which they are purely looking after the nobs - they are not interested in joe public, they are merely protecting their own investments. All of this was so predictable- and the worse is yet to come.
Lymington society? thats a joke. they are as much use as a chocolate poker apart from which they are purely looking after the nobs - they are not interested in joe public, they are merely protecting their own investments. All of this was so predictable- and the worse is yet to come.
Posted by: Jeff McLean, Chandlers Ford on 5:58pm Fri 18 Jul 08
I am a shift worker, and I don't see what the relevance is. In Fords, shift workers do all the donkey work that the days wont do.
I am a shift worker, and I don't see what the relevance is. In Fords, shift workers do all the donkey work that the days wont do.
Posted by: Finlay, Des Moines, Iowa on 8:33pm Fri 18 Jul 08
[quote]Posted by: Big Boy, Hythe on 3:23pm today
300 flats on 7 acres! Did I read that right. I am sure that Finlay could tell us if he could sell flats of that size in the Mid-West.
300 flats on 7 acres! Did I read that right. I am sure that Finlay could tell us if he could sell flats of that size in the Mid-West.[/quote]
[italic][bold]Dont Drink and Think[/bold][/italic] - Not good when the brain is not wired to the rest of the senses from the outset.
Posted by: Big Boy, Hythe on 3:23pm today
300 flats on 7 acres! Did I read that right. I am sure that Finlay could tell us if he could sell flats of that size in the Mid-West.
300 flats on 7 acres! Did I read that right. I am sure that Finlay could tell us if he could sell flats of that size in the Mid-West.
Dont Drink and Think - Not good when the brain is not wired to the rest of the senses from the outset.
Posted by: andrew, southampton on 8:51pm Fri 18 Jul 08
If they allow the planning consent to lapse, surley new flood zones would then preclude this area from development and so making the site worthless. If they tried to obtian planning today would it be considered acceptable to build in this area.
If they allow the planning consent to lapse, surley new flood zones would then preclude this area from development and so making the site worthless. If they tried to obtian planning today would it be considered acceptable to build in this area.
Posted by: IanRR, Romsey-ish on 1:58am Sat 19 Jul 08
Housing collapse? Ha Ha!
Official figures show that the worst year during the last collapse, had a fall of 3.8%, when averaged over the whole Country. Some collapse!
Its the oldest con trick going. Media, which is controlled by the rich, says the market is going to fall by 30%..... The poor fools who HAVE to sell, accept a price well below what the property is worth, and as soon as this crunch is over (September 2009), the rich make yet another killing!
Use your eyes and ears folks. Nothing is going down, except new build flats, and Northern Ireland, both of which were grossly over priced. And guess what? Builders are stopping building, at a time when we are already building 96 FEWER houses, each day, than we need to keep up with existing demand. So what happens next? ANOTHER MASSIVE BOOM IN HOUSE PRICES, WITHIN 3 YEARS. Go and buy property now, while you can get some fool to sell it cheaply.
Stop reading the media rubbish. Its a con trick. AGAIN!!!!!!
Housing collapse? Ha Ha!
Official figures show that the worst year during the last collapse, had a fall of 3.8%, when averaged over the whole Country. Some collapse!
Its the oldest con trick going. Media, which is controlled by the rich, says the market is going to fall by 30%..... The poor fools who HAVE to sell, accept a price well below what the property is worth, and as soon as this crunch is over (September 2009), the rich make yet another killing!
Use your eyes and ears folks. Nothing is going down, except new build flats, and Northern Ireland, both of which were grossly over priced. And guess what? Builders are stopping building, at a time when we are already building 96 FEWER houses, each day, than we need to keep up with existing demand. So what happens next? ANOTHER MASSIVE BOOM IN HOUSE PRICES, WITHIN 3 YEARS. Go and buy property now, while you can get some fool to sell it cheaply.
Stop reading the media rubbish. Its a con trick. AGAIN!!!!!!
Posted by: Big Boy, Hythe on 7:02am Sat 19 Jul 08
Finlay - Kettle, Pot
Posted by: paul b on 10:12am Sat 19 Jul 08
what a load of sh1t, the echo are total clowns
what a load of sh1t, the echo are total clowns
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