We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Estate agent told me prices were on the verge of going up again

245

Comments

  • turbobob
    turbobob Posts: 1,500 Forumite
    We are just entering recession. Unemployment is increasing. The mortgage lenders that are actually still in the lending business are extremely risk averse. Houses are generally well over fair value (in terms of multiples of income). Reposessions are rising. The number of house sales is a fraction of what it was last year, or even a few months ago.

    The perfect combination for house prices to start rising again.... NOT :rolleyes:
  • Pssst
    Pssst Posts: 4,803 Forumite
    Part of the Furniture 1,000 Posts
    Just look on rightmove and the auction sites. Thats where the truth is.
  • dealornodeal_3
    dealornodeal_3 Posts: 603 Forumite
    turbobob wrote: »
    We are just entering recession. Unemployment is increasing. The mortgage lenders that are actually still in the lending business are extremely risk averse. Houses are generally well over fair value (in terms of multiples of income). Reposessions are rising. The number of house sales is a fraction of what it was last year, or even a few months ago.

    The perfect combination for house prices to start rising again.... NOT :rolleyes:

    Yes, and the Banks cant even sell the repos.
  • baby_boomer
    baby_boomer Posts: 3,883 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Sometimes it's not just an e-mail. It can be more blatant.

    Northern newbuilds to lead recovery says "research" from EA Knight Frank.

    Roll up and get 'em while they're still cheap ;).
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    kai666 wrote: »
    Had an email today from an estate agent who said property prices are just about to start going up, and that we can trust her on that (her words)

    Does anyone here believe this, or is it a ploy to get me through the door?

    And in other news, a turkey was interviewed, he was quoted as saying that he was quite sure Christmas will be abolished this year.
  • Zelie
    Zelie Posts: 773 Forumite
    Why not ask her to put her money where her mouth is? Set up a deal whereby you'll give her a grand if prices rise. And she'll give you the same if they don't. :)
  • RecoveringAlcoholic
    RecoveringAlcoholic Posts: 936 Forumite
    Zelie wrote: »
    Why not ask her to put her money where her mouth is? Set up a deal whereby you'll give her a grand if prices rise. And she'll give you the same if they don't. :)

    Where would an EA get a grand from?

    The ones I know of are very deep in debt.
    Living Sober.

    Some methods A.A. members have used for not drinking.

    "A simple book for complicated people"
  • scousethife
    scousethife Posts: 926 Forumite
    Zelie wrote: »
    Why not ask her to put her money where her mouth is? Set up a deal whereby you'll give her a grand if prices rise. And she'll give you the same if they don't. :)

    Nice I like it!

    OP tell us the estate agent I will put this to them

    See if they are true or lying estate agent vermin scum :)
    Hi, we’ve had to remove your signature. The one where you showed us Dithering Dad is a complete liar. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE Forum Team
  • Incisor
    Incisor Posts: 2,271 Forumite
    1,000 Posts Combo Breaker
    dealornodeal wrote: »
    Yes, and the Banks cant even sell the repos.
    :confused::confused::confused:You would think they would lend people the money? :rotfl::rotfl::rotfl:
    After the uprising of the 17th June The Secretary of the Writers Union
    Had leaflets distributed in the Stalinallee Stating that the people
    Had forfeited the confidence of the government And could win it back only
    By redoubled efforts. Would it not be easier In that case for the government
    To dissolve the people
    And elect another?
  • Cat695
    Cat695 Posts: 3,647 Forumite
    well the estate agent i spoke to on sat said i was better off waiting as they are coming down and will continue to for a while......and also said if i really wanted to buy now make sure i put in a very cheeky offer under any asking price. (I said i could go to a max of 120k and he said pick any house thats around 160 - 170 then)

    (the only reason I can think he was truthful with me was I'm a soldier and he is an ex soldier)
    If you find yourself in a fair fight, then you have failed to plan properly


    I've only ever been wrong once! and that was when I thought I was wrong but I was right
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture