Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!

evenasus

House prices do need to come down.

I worry how my grandchildren are going to buy a house in ten years time.

We bought the house we have now (in Essex) for £86,980 - now valued at £450,000.

Our first house (new semi) buy was in Yorkshire back in the late 60's and cost £3,200.

Have we actually handled/seen any actual money from these increases - NO!
They have just been our home.

kaya

lol, i paid £187,500 for my home 5 years ago, today it is worth £220,000 , the value has not gone down at all over the last few years, which makes your scaremongering look just like scaremongering !

John_Pierpoint

kaya wrote: »

lol, i paid £187,500 for my home 5 years ago, today it is worth £220,000 , the value has not gone down at all over the last few years, which makes your scaremongering look just like scaremongering !

How do you know? Have you just exchanged contracts with a foreigner, who thinks our 25% devalued currency makes your house look like good value?

sabretoothtigger

evenasus wrote: »

House prices do need to come down.

I worry how my grandchildren are going to buy a house in ten years time.

They will need a good job basically. Possibly on an international basis, if someone is that in demand on their income side they can worry less on expenditure like housing

blisk3

House prices 'will fall in 2011'

HAMISH_MCTAVISH

Here's your crash crash crash!!!!!!!!!!!!!

Offer rejected at 2.5% below asking. :rotfl::rotfl::rotfl:

http://www.housepricecrash.co.uk/forum/index.php?showtopic=159486

westv

HAMISH_MCTAVISH wrote: »

Here's your crash crash crash......

Offer rejected at 2.5% below asking. :rotfl::rotfl::rotfl:

http://www.housepricecrash.co.uk/forum/index.php?showtopic=159486

More fool the vendor I would say.

padington

kaya wrote: »

lol, i paid £187,500 for my home 5 years ago, today it is worth £220,000 , the value has not gone down at all over the last few years, which makes your scaremongering look just like scaremongering !

Look at it another way what could you buy for £187'500 5 years ago and what can you buy now for £220'000 ?

If i gave you £1 and sold you a cadburys cream egg and offered you £2 to buy it back would you be over the moon if now the eggs were selling for £2 elsewhere ?

twadge_face

Hamish_McTwunntish wrote:

Here's your crash crash crash......

Offer rejected at 2.5% below asking. :rotfl::rotfl::rotfl:

http://www.housepricecrash.co.uk/for...owtopic=159486

westv wrote: »

More fool the vendor I would say.

Agree... BUT 2.5% leaves a foolishly low level of wriggle room. It's a weak negotiating tactic IMHO.

A vendor/agent would expect someone making that kind of offer to just up it to the asking price.

You need to go in and make offers at 10-15% below asking and negotiate from there.

If the vendor is offended, take your business to someone with a more businesslike mind. Too many vendors entrench emotion in these big, big decisions and it's slowing the whole market down... whilst at the same time, vendors hardly have any prospect of recovery so it's not worth them "holding out" for a better offer.

Well, not till RPI hits 20% perhaps! But then we're in wheelbarrow territory and nominally-speaking a total dearth of a "meaningful" further crash.

blisk3

HAMISH_MCTAVISH wrote: »

Here's your crash crash crash!!!!!!!!!!!!!

Offer rejected at 2.5% below asking. :rotfl::rotfl::rotfl:

http://www.housepricecrash.co.uk/forum/index.php?showtopic=159486

As they say, don't push your luck.

Sellers don't want to face the reality that house prices are falling & hang onto values in their head for dear life.