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TEN months and counting...

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  • ZTD
    ZTD Posts: 24,327 Forumite
    The house I'm living in has dropped 20K in the past year - the last time I looked at the site it had taken 12 months to drop 15K. The house I really did sell is estimated to have dropped 27K in 12 months whereas the last time it was only 20K in 12 months.

    So it looks like the fall is accelerating - at least according to their pricing model...
    "Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
    "We were born and raised in a summer haze." Adele 'Someone like you.'
    "Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky."
    OMD 'Julia's Song'
  • skint_spice
    skint_spice Posts: 13,437 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ZTD wrote: »
    Last article I saw on that subject said the only investment with a positive return was....................



    Paint.

    Yes but there are so many things not working that I need to fix or else they'd want a reduction! round here things in need of doing up marketed at realistic prices seem to either not be selling or taking ages to sell, I think the 1st timers can't afford to do any decorating/fixing up after putting down a humungeous deposit and are to fussy to live with it (like I have) for a while.
    Mortgage OP 2025 £6250/7000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £36,210


    Money making challenge £38/400

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
  • skint_spice
    skint_spice Posts: 13,437 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ZTD wrote: »
    The house I'm living in has dropped 20K in the past year - the last time I looked at the site it had taken 12 months to drop 15K. The house I really did sell is estimated to have dropped 27K in 12 months whereas the last time it was only 20K in 12 months.

    So it looks like the fall is accelerating - at least according to their pricing model...

    The last time I looked at that site mine seemed to be priced too high (maybe six months ago) now it's gone up another 10K!!!! this isn't indicative of the market!:D although I wish it was...
    Mortgage OP 2025 £6250/7000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £36,210


    Money making challenge £38/400

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
  • beanielou
    beanielou Posts: 95,681 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    edited 28 May 2009 at 10:36PM
    I recken mine has dropped at least 30k if not more.
    Just as well I always said it was paper money!
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

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  • ZTD
    ZTD Posts: 24,327 Forumite
    The last time I looked at that site mine seemed to be priced too high (maybe six months ago) now it's gone up another 10K!!!! this isn't indicative of the market!:D although I wish it was...

    Definately not - but this crash is different from the rest, so I guess it's natural they have become confused.
    "Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
    "We were born and raised in a summer haze." Adele 'Someone like you.'
    "Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky."
    OMD 'Julia's Song'
  • skint_spice
    skint_spice Posts: 13,437 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Prices have gone down a bit here but not a lot but it is definately around 2006 or thereabouts not higher. I've had mine about 5 years so should be ok though not making a huge profit and the fact I've been overpaying the mortgage helps add to the equity.
    Mortgage OP 2025 £6250/7000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £36,210


    Money making challenge £38/400

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
  • skint_spice
    skint_spice Posts: 13,437 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Four weeks today!!!! sorry but I am very excited.

    Feeling a bit rough today - earache and sore throat - not awful enough for not working but didn't make the gym. Am hoping I'll have recovered by tomorrow.

    Just having a wee glass of wine and winding down...
    Mortgage OP 2025 £6250/7000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £36,210


    Money making challenge £38/400

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
  • penguin83
    penguin83 Posts: 4,817 Forumite
    Part of the Furniture Combo Breaker
    Ooh how exciting Skint, not long now!

    The wine will definitely be medicinal but you may need chocolate to help!

    Feel better soon x x
    Pay Debt by Xmas 16 - 0/12000
    There is something about the outside of a horse that is good for the inside of a man.
  • ZTD
    ZTD Posts: 24,327 Forumite
    "Sore throat" and "medicinal" on the same page - where's Lenny when you need him?

    Sorry you're under the weather, but it's good that it isn't too bad. It's crap when you're ill over a weekend just to recover for work...
    "Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
    "We were born and raised in a summer haze." Adele 'Someone like you.'
    "Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky."
    OMD 'Julia's Song'
  • skint_spice
    skint_spice Posts: 13,437 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks Penguin! You're nearly half way on the weight loss - well done.:T

    Still not liking chocolate... weird but true! now those wee raisins in yogurt on the other hand... I keep buying them for DS but I don't think he ever gets any....:o
    Mortgage OP 2025 £6250/7000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £36,210


    Money making challenge £38/400

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
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