Debate House Prices


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90%

Treadmill
Treadmill Posts: 1,102 Forumite
in Debate House Prices & the Economy
http://www.timesonline.co.uk/tol/money/property_and_mortgages/article4651471.ece

I bet Kirsty Allsop is still telling people to offer asking price if they want to be sure of not losing thier dream home though.
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Comments

  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    Treadmill wrote: »
    http://www.timesonline.co.uk/tol/money/property_and_mortgages/article4651471.ece

    I bet Kirsty Allsop is still telling people to offer asking price if they want to be sure of not losing thier dream home though.

    Wasn't there a bit of a fuss a year or two back when Phil & Kirsty advised some couple on the show to put in a whopping sealed bid (well over guide price) on a home they were interested in on the basis that is was a 'dream home that they couldn't afford to lose' or some such rubbish?

    Then, thanks to a mixup by the solicitors they found out that they had bid something like 70k more than the next applicant which was more or less at guide price. They ended up pulling out of the bid......
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    Personally, I'm not anywhere near close to 90% of anything that I like enough to consider buying. I, brace yourselves...sympathise, with agents valuing places (sypathy over) because I feel the newspapers have set the buyer mentality with the '30% over valued' headlines.

    As for the extortionate sealed bids...I hate the idea of sealed bids...but if it is a one off house in a rising market and the buyers 'HAVE' to have that one is it not possible to consider that reasonable advice?? I think that its silly personally, but if you are going to enter a race like that then the rules a clear, bid the most win....
  • moanymoany
    moanymoany Posts: 2,877 Forumite
    The 90.7% is an average and there must be a lot of the sales that started either at the end of last year or the beginning of this. I don't think it's a real reflection of what is happening now.

    I've had a look at Hometrack's website and their business is for mortgage advisers, builders - in fact the housing business in general - so they have a vested interest in the government bailing them out.
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    If anyone spots Krusty Allcrap or Phil Spender can they please inform the police. These 2 have been on the missing persons list for some time now. Where can they be?
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    ad44downey wrote: »
    If anyone spots Krusty Allcrap or Phil Spender can they please inform the police. These 2 have been on the missing persons list for some time now. Where can they be?

    Trying to stay away from a mob of angry 2005-2007 FTBs armed with a couple of nooses....... :D
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
  • Treadmill
    Treadmill Posts: 1,102 Forumite
    http://www.thesun.co.uk/sol/homepage/showbiz/tv/article1595569.ece

    Kirstys just had a baby, new series of LLL starts filming in feb 2009... Huzzah we are all saved.
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    Treadmill wrote: »

    Kirstys just had a baby.....

    You really have to feel sorry for the poor kid.;) ;)
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • fatpig_2
    fatpig_2 Posts: 631 Forumite
    The poor child will have at least 5 Buy To Let properties by the time he or she is in nursery School. And be bankrupt before finishing Primary school. :D
  • Leighthal
    Leighthal Posts: 326 Forumite
    ad44downey wrote: »
    If anyone spots Krusty Allcrap or Phil Spender can they please inform the police. These 2 have been on the missing persons list for some time now. Where can they be?
    What have they done wrong?:confused:
    In an Acapulco hotel:
    The manager has personally passed all the water served here.:rotfl:
  • fatpig_2
    fatpig_2 Posts: 631 Forumite
    The two shysters encouraged people to think that house prices always go up. And thereby played no small part in the coming deluge of negative equity
This discussion has been closed.
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