first home buyers negotiating-help please!!

brit1234

mr.broderick wrote: »

there

Buddy if houses fall 50% .... Trying to find nelly will be the least of our problems..

I think you are finding that house prices falling 50% is becoming more of a reality all the time. Every one of the pundits keeps increasing their fall predictions up all the time. 25%-30 is now pretty much the norm prediction over 2 years.

50% from peak will be achieved as prices are at least that overvalued. There is nothing supporting that price it is all based on speculation. So when lenders only will give 3.5 times salary or less then prices will revert. 50% falls are becoming a reality at the moment and increasingly more common.

Prepare for a big fall in prices in Nationwide figures tomorrow

mr.broderick

brit1234 wrote: »

I think you are finding that house prices falling 50% is becoming more of a reality all the time. Every one of the pundits keeps increasing their fall predictions up all the time. 25%-30 is now pretty much the norm prediction over 2 years.

50% from peak will be achieved as prices are at least that overvalued. There is nothing supporting that price it is all based on speculation. So when lenders only will give 3.5 times salary or less then prices will revert. 50% falls are becoming a reality at the moment and increasingly more common.

Prepare for a big fall in prices in Nationwide figures tomorrow

Rubbish.. total poppycock

mr.broderick

brit1234 wrote: »

I think you are finding that house prices falling 50% is becoming more of a reality all the time. Every one of the pundits keeps increasing their fall predictions up all the time. 25%-30 is now pretty much the norm prediction over 2 years.

50% from peak will be achieved as prices are at least that overvalued. There is nothing supporting that price it is all based on speculation. So when lenders only will give 3.5 times salary or less then prices will revert. 50% falls are becoming a reality at the moment and increasingly more common.

Prepare for a big fall in prices in Nationwide figures tomorrow

Maybe need to bring your daft images back brit.

Soprano

8%?? That seems awfully low. Sellers would be expected to take around 15%* off asking in todays climate.



*There is no science or hard evidence I can be bothered looking up, and only what I happen to notice on various sites.

CHARDONNAY_3

As has already been said, if you're gut feeling is that you are paying too much, then you are!

People need to have the common sense to see that wait and save is the best plan. If all us potential 1st time buyers follow the same plan, house prices have no option but to continue to fall. Come on Sam77, join the club!

Jazzypap

Some sellers have reduced their asking prices by 15% but are then hit by buyers chancing their arm, trying to reduce the asking price by a similar percentage again. No wonder there is no one is buying or selling.

FTB's with the same plan!!:rotfl:
All you will remain is 'potential'