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7:00am Monday 29th October 2007
HOUSE prices in Hampshire have fallen during October amidst signs the property boom could be coming to an end.
Figures released today reveal the drop in prices in the county was one of the largest in Britain.
The fall has knocked nearly £1,000 off the average price of a home in Hampshire, which now stands at £244,826.
Property experts say the statistics for Hampshire are especially worrying because the area had previously experienced rapid growth over the last two years.
The 0.4 per cent fall seen in the county this month is being blamed on higher interest rates and buyer confidence being hit by the problems experienced by mortgage provider Northern Rock.
Only central London saw a greater drop, where prices fell by 0.5 per cent.
EP, Fawley says...
10:23am Mon 29 Oct 07
Libertarian, Winchester says...
10:34am Mon 29 Oct 07
Shoon, says...
11:00am Mon 29 Oct 07
Sour grapes, Winchester says...
11:24am Mon 29 Oct 07
jed, soton says...
11:47am Mon 29 Oct 07
Sour grapes wrote:Why should the people who are struggling to pay for their homes have to pay for others to have cheaper housing just so they can sell it and make a profit. It sounds very harsh but we listened at school, got educations, held off having kids so we can buy over priced houses. I get fed up with people expecting the same as others just because they can't do it themselves? I feel sorry for people who are priced out of the market but don't feel that social housing provided to people who just don't want to work or stop having children is the answer. We would all like cheaper housing no matter how much money we have, build more houses at a rate which will effect the market prices, that is the answer??
Nothing like modern society! Instead of wishing ill and mis-fortune on many, why not instead use your same voice to lobby your local councils and government etc to provide the type of housing that would suit for 1st time buyers and the economically challenged. No, far easier to resent people who own their own homes that invested at the right time. There is room in every town for social housing projects, equity share and the likes. You just need your councils to be more robust with the applications (Not cowing to the existing homeowners in the area) I do not wish a crash as that will bring far greater economic ramifications I do however wish for easier measures for all people to own their homes so long as they can afford to.
a resident, Alresford, Hants says...
12:23pm Mon 29 Oct 07
jed wrote:Myself and my partner both work full time in respectable jobs but the only way we could afford to stay living in our home town was to buy a shared ownership property. I don't like having to support the people who can't be bothered to work etc but the 'Social housing' development does not just benefit these people, its also for hardworking people like myself ! I didn't want to be in the situation where I can't afford a house on the open market but what other option is there ? Your lucky if you were able to buy at the right time but its not always easy for younger people like myself who want to get a step onto the housing ladder(i'm 24) !
Sour grapes wrote: Nothing like modern society! Instead of wishing ill and mis-fortune on many, why not instead use your same voice to lobby your local councils and government etc to provide the type of housing that would suit for 1st time buyers and the economically challenged. No, far easier to resent people who own their own homes that invested at the right time. There is room in every town for social housing projects, equity share and the likes. You just need your councils to be more robust with the applications (Not cowing to the existing homeowners in the area) I do not wish a crash as that will bring far greater economic ramifications I do however wish for easier measures for all people to own their homes so long as they can afford to.Why should the people who are struggling to pay for their homes have to pay for others to have cheaper housing just so they can sell it and make a profit. It sounds very harsh but we listened at school, got educations, held off having kids so we can buy over priced houses. I get fed up with people expecting the same as others just because they can\\\'t do it themselves? I feel sorry for people who are priced out of the market but don\\\'t feel that social housing provided to people who just don\\\'t want to work or stop having children is the answer. We would all like cheaper housing no matter how much money we have, build more houses at a rate which will effect the market prices, that is the answer??
Teacher, Southampton says...
12:45pm Mon 29 Oct 07
jed wrote:You say that you got an education, but you still don't know the difference between 'effect' and 'affect'. Also you use question marks seemingly at random.
Sour grapes wrote: Nothing like modern society! Instead of wishing ill and mis-fortune on many, why not instead use your same voice to lobby your local councils and government etc to provide the type of housing that would suit for 1st time buyers and the economically challenged. No, far easier to resent people who own their own homes that invested at the right time. There is room in every town for social housing projects, equity share and the likes. You just need your councils to be more robust with the applications (Not cowing to the existing homeowners in the area) I do not wish a crash as that will bring far greater economic ramifications I do however wish for easier measures for all people to own their homes so long as they can afford to.Why should the people who are struggling to pay for their homes have to pay for others to have cheaper housing just so they can sell it and make a profit. It sounds very harsh but we listened at school, got educations, held off having kids so we can buy over priced houses. I get fed up with people expecting the same as others just because they can't do it themselves? I feel sorry for people who are priced out of the market but don't feel that social housing provided to people who just don't want to work or stop having children is the answer. We would all like cheaper housing no matter how much money we have, build more houses at a rate which will effect the market prices, that is the answer??
Woody, Fareham says...
1:29pm Mon 29 Oct 07
Nick, Winchester says...
2:18pm Mon 29 Oct 07
Historian, says...
2:25pm Mon 29 Oct 07
Nick wrote:I seem to remember hearing these comments for the last eight or so years, and for the last eight or so years the price of property in all areas has gone one way!!!
The fact is SOUR GRAPES, whether you like it or not property prices in Winchester and the South are unsustainably high and are only going to go one way. I hope.
Sour grapes, says...
2:28pm Mon 29 Oct 07
Nick wrote:I am puzzled as to why you choose to aim that comment at me.
The fact is SOUR GRAPES, whether you like it or not property prices in Winchester and the South are unsustainably high and are only going to go one way. I hope.
Nick, Winchester says...
2:42pm Mon 29 Oct 07
Eh, says...
2:49pm Mon 29 Oct 07
Sour grapes, says...
2:51pm Mon 29 Oct 07
Nick wrote:I see you neither have a point/intelligable argument.
Sour Grapes... For every loser there is a winner. Every home lost, is a home gained. Do you see?
Shazza, says...
4:29pm Mon 29 Oct 07
Historian wrote:A recession in America may well be the catalyst to a house price crash in the UK. Good old George Dubya and his economic prowess!
Nick wrote: The fact is SOUR GRAPES, whether you like it or not property prices in Winchester and the South are unsustainably high and are only going to go one way. I hope.I seem to remember hearing these comments for the last eight or so years, and for the last eight or so years the price of property in all areas has gone one way!!!
Rose, Rhode Island formaly of upper shirely says...
5:37pm Mon 29 Oct 07
Shazza wrote:Sorry Folks! Nothing to do with old Georgie boy you used to have to put 20% down to buy a house in the USA and you also had the snob factor of communities saying that any house had to be set back so far or have at least an acre of land to go with it (good of Massachusetts) and that is what made things unaffordable. Recently, although troubling for idiots that bought houses they could not afford, predatory lending to the stupid, plus people wanting to keep up with the Jones cashed out equity this is what contributed to the housing collapse the prices in the 7 years have gone through the roof and now even with the crash they are not at affordable rates. We moved to Rhode Island so that we could afford something decent. I spend 3 hours a day commuting to my job in Boston but it is the only way. I also blame estate agents and the people who put values on these houses they came up with these stupid prices the more they sell the more they make especially in the USA they are the greedy bastards that did a lot of damage. You have a housing shortage but things are not selling so fast ,what does that tell you you will crash but not to the extent that we have it has been a year now and no turn around in site. But when this is all over the houses will still be expensive. Urban planners need to come up with some solutions and no flats should be built that are as tiny as what is going on in Southampton.
Historian wrote:A recession in America may well be the catalyst to a house price crash in the UK. Good old George Dubya and his economic prowess!Nick wrote: The fact is SOUR GRAPES, whether you like it or not property prices in Winchester and the South are unsustainably high and are only going to go one way. I hope.I seem to remember hearing these comments for the last eight or so years, and for the last eight or so years the price of property in all areas has gone one way!!!
michael jones, dorset says...
6:34pm Mon 29 Oct 07
steve o, bishi says...
7:52pm Mon 29 Oct 07
michael jones wrote:Dorset is a sh1thole.
im not worried as im from dorset are properties will never drop as dorset is class trouble is with most of hampshire is it is full of ex council houses and estates most of them places cant drop enough.
jed, soton says...
9:07pm Mon 29 Oct 07
a resident wrote:I do agree, that yes hard working people should be offered some form of assistance to buy houses as first time buyers, for example offering percentage based loans or part buy part rent. My objection with social housing is when people who have no intention of working are given assisstance at the detriment to people like resident. I do understand their plight and sympathise. We were lucky when we bought, but we were in rented previously for a while including a hiddeous flat. My appologies to people that do deserve help and who have worked hard.
jed wrote:Myself and my partner both work full time in respectable jobs but the only way we could afford to stay living in our home town was to buy a shared ownership property. I don\'t like having to support the people who can\'t be bothered to work etc but the \'Social housing\' development does not just benefit these people, its also for hardworking people like myself ! I didn\'t want to be in the situation where I can\'t afford a house on the open market but what other option is there ? Your lucky if you were able to buy at the right time but its not always easy for younger people like myself who want to get a step onto the housing ladder(i\'m 24) !Sour grapes wrote: Nothing like modern society! Instead of wishing ill and mis-fortune on many, why not instead use your same voice to lobby your local councils and government etc to provide the type of housing that would suit for 1st time buyers and the economically challenged. No, far easier to resent people who own their own homes that invested at the right time. There is room in every town for social housing projects, equity share and the likes. You just need your councils to be more robust with the applications (Not cowing to the existing homeowners in the area) I do not wish a crash as that will bring far greater economic ramifications I do however wish for easier measures for all people to own their homes so long as they can afford to.Why should the people who are struggling to pay for their homes have to pay for others to have cheaper housing just so they can sell it and make a profit. It sounds very harsh but we listened at school, got educations, held off having kids so we can buy over priced houses. I get fed up with people expecting the same as others just because they can\\\\\\\'t do it themselves? I feel sorry for people who are priced out of the market but don\\\\\\\'t feel that social housing provided to people who just don\\\\\\\'t want to work or stop having children is the answer. We would all like cheaper housing no matter how much money we have, build more houses at a rate which will effect the market prices, that is the answer??
Shazza, says...
8:06am Tue 30 Oct 07
Rose wrote:I'm not just talking about the sub prime mortgage fiasco, I'm talking about the shocking state of Americas economy. Just look at the exchange rate. Bush is no Economist (it appears the people around him aren't either). America may be in recession soon, and when the US catches a cold we usually catch it too.
Shazza wrote:Sorry Folks! Nothing to do with old Georgie boy you used to have to put 20% down to buy a house in the USA and you also had the snob factor of communities saying that any house had to be set back so far or have at least an acre of land to go with it (good of Massachusetts) and that is what made things unaffordable. Recently, although troubling for idiots that bought houses they could not afford, predatory lending to the stupid, plus people wanting to keep up with the Jones cashed out equity this is what contributed to the housing collapse the prices in the 7 years have gone through the roof and now even with the crash they are not at affordable rates. We moved to Rhode Island so that we could afford something decent. I spend 3 hours a day commuting to my job in Boston but it is the only way. I also blame estate agents and the people who put values on these houses they came up with these stupid prices the more they sell the more they make especially in the USA they are the greedy bastards that did a lot of damage. You have a housing shortage but things are not selling so fast ,what does that tell you you will crash but not to the extent that we have it has been a year now and no turn around in site. But when this is all over the houses will still be expensive. Urban planners need to come up with some solutions and no flats should be built that are as tiny as what is going on in Southampton.Historian wrote:A recession in America may well be the catalyst to a house price crash in the UK. Good old George Dubya and his economic prowess!Nick wrote: The fact is SOUR GRAPES, whether you like it or not property prices in Winchester and the South are unsustainably high and are only going to go one way. I hope.I seem to remember hearing these comments for the last eight or so years, and for the last eight or so years the price of property in all areas has gone one way!!!
knowledge, hants says...
3:01pm Tue 30 Oct 07
Shazza, says...
4:59pm Tue 30 Oct 07
knowledge wrote:Hmmmm, hadn't thought about it like that. In which case I will hang a U-turn and say. D@MN YOU BUSH!!!
the thing that everyone, including politicians etc, all dont seem to understand is the nonsense and mutually exclusive facts that they are proliferating... they want millions more houses built so that the prices of houses dont keep going up - why? 'so people can get on the housing ladder' - however if prices are not going up there is absolutely no point in being 'on the housing ladder' as the ladder is then going downwards... if the govt goes aheada and builds millions of houses, there will likely be thousands of people - new first time buysers, who will end up in negative equity - whats the point of owning a house if the prices are not going up? NONE. it is much worse to own a house than rent one if the prices are not going up. it is cheaper to rent than own if the prices are not going up. so.... if the govt gets its way and builds loads of houses so that 'first time buyers can get on the ladder' a) there will no longer be a 'ladder' as a ladder depends soley on house prices going up, and b) it will become better and cheaper to rent instead of buy and people will stop wanting to buy as the oversupply of houses will mean that prices are not going up and renting becomes a bargain.... all these first time buyers desperate to get on a housing ladder only want to get on the housing ladder if there is a shortage of houses for first time buyers and hence rising prices....!! if there is no shortage of houses for first time buyers,, then prices wont go up and first time buyers wont want to be on the housing ladder!! as theere wont be a ladder!!
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R, Baghdad says...
7:19am Mon 29 Oct 07