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Debate House Prices
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Wake up...... IT'S OVER
davidb881
Posts: 37 Forumite
I live in Suffolk and sold my house twice in less than two weeks (the first buyer found a better bargain).
Driving around, I would say at least two thirds of the estate agency boards up, say sold and there are a reasonable number up.
I have offered on 4 houses and been out bid on all of them. My offers have been about 90 to 95 % of the asking price.
What’s going on? The stress I am going through it unbearable. Anyone with an opinion tells you it’s a buyers market. That’s rubbish, if more people could get a mortgage there would be a stampede.
The media have done it again. I am afraid a massive over reaction has taken place and too much has been wiped of the market. I can tell you for a fact that investors are lapping it up. O joy, the rich getting richer.
Driving around, I would say at least two thirds of the estate agency boards up, say sold and there are a reasonable number up.
I have offered on 4 houses and been out bid on all of them. My offers have been about 90 to 95 % of the asking price.
What’s going on? The stress I am going through it unbearable. Anyone with an opinion tells you it’s a buyers market. That’s rubbish, if more people could get a mortgage there would be a stampede.
The media have done it again. I am afraid a massive over reaction has taken place and too much has been wiped of the market. I can tell you for a fact that investors are lapping it up. O joy, the rich getting richer.
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Comments
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I live in Suffolk and sold my house twice in less than two weeks (the first buyer found a better bargain).
Driving around, I would say at least two thirds of the estate agency boards up, say sold and there are a reasonable number up.
I have offered on 4 houses and been out bid on all of them. My offers have been about 90 to 95 % of the asking price.
What’s going on? The stress I am going through it unbearable. Anyone with an opinion tells you it’s a buyers market. That’s rubbish, if more people could get a mortgage there would be a stampede.
The media have done it again. I am afraid a massive over reaction has taken place and too much has been wiped of the market. I can tell you for a fact that investors are lapping it up. O joy, the rich getting richer.
You will get a more appropriate response to this on house buying, selling and renting board0 -
I live in Suffolk and sold my house twice in less than two weeks (the first buyer found a better bargain).
Driving around, I would say at least two thirds of the estate agency boards up, say sold and there are a reasonable number up.
I have offered on 4 houses and been out bid on all of them. My offers have been about 90 to 95 % of the asking price.
What’s going on? The stress I am going through it unbearable. Anyone with an opinion tells you it’s a buyers market. That’s rubbish, if more people could get a mortgage there would be a stampede.
The media have done it again. I am afraid a massive over reaction has taken place and too much has been wiped of the market. I can tell you for a fact that investors are lapping it up. O joy, the rich getting richer.
Depends where you live I guess, the money no longer exists on the scale to prop up 2007 prices (an extra £125 billion per year in mortgage lending is required to stop prices falling), hence the fact that mortgages are unavailable unless you have a sizeable deposit. Try using Property Bee, you will then see the desperation by sellers in a lot of areas. As far as it 'being over', I would argue it's only just begun.0 -
Whatever david ... Not really worthy of serious debate at the moment,Its a buyers Market & will continue to be for the foreseeable future..End of !!!0
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Have you read it?
This is the house prices, the economy & recession section.
I am on about the house price crash..... which is to do with the economy in a recession....
HELLO0 -
Whatever david ... Not really worthy of serious debate at the moment,Its a buyers Market & will continue to be for the foreseeable future..End of !!!
Funnily enough the 6 or 7 homes up for sale on my usual route to and from work are now nearly all sold/under offer. I have no idea obviously what they've sold for in respect to asking as i am not that assed.0 -
Some 3rd party evidence might be best if you want to be taken seriously. Get the details of the sold house prices, etc0
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mr.broderick wrote: »Funnily enough the 6 or 7 homes up for sale on my usual route to and from work are now nearly all sold/under offer. I have no idea obviously what they've sold for in respect to asking as i am not that assed.
Who's that in your avatar Mr.B, if it's your daughter, would you like to hand her over.
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