I’ve just discovered what happens when you finally pull the cork from a bottle of pent up housing market fury. The results are colourful, to say the least.

market crash

At first I was rendered speechless (and nearly blind) by this teletext-inspired nightmare - a creation, I suspect, that was fuelled by late night Pro Plus binges with Jefferson Airplane’s greatest hits stuck on repeat.

Scrolling through the multi-coloured splurge, I finally got to the real nitty-gritty, in all its lime green glory.

The site, it seems, is a Dayglo assault on STRs – shorthand for those who sell-to-rent, or, as this webmaster would have you believe, the housing market’s very own spawn of the Devil.

The theory behind sell-to-rent is that you sell up when the market is at its peak but heading for a fall, rent in the meantime and then buy back when prices are lower.

And despite this webmaster’s unreserved dismissal of good taste, and most forms of punctuation, there is the odd nugget of truth:

“There will have to be at least a 20 per cent reduction in house prices just in order for the STRs to break even when buying a property to cover the transaction costs involved like stamp duty, estate agent and solicitors fees.”

Okay, that actually sounds quite well-informed - we said something similar ourselves only a few weeks ago - but this: “The STRs are deceitful, lying, greedy scum,” not so much.

The site has been untouched since the summer of 2006, before the credit-crunch, the price falls, the pulled mortgages et al.

So who knows what’s become of our visionary’s state of mind since then. For everyone’s sake I hope he is lying in a darkened room, maybe with a vitamin-shot wielding nurse on standby.

I’ve since recovered the full use of my eyes, but have yet to decide if this website is the work of a hidden genius or just the insane ramblings of a madman. What do you think?

Related Tags: Market Crash, House Prices, Sell-To-Rent, Credit Crunch

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