Are auctions really the place to bag a bargain

PD1

Drea wrote: »

Are those examples of you NOT attacking someone and simply being factual then?

The funny thing was, I was agreeing with you to a point. It isn't easy to get a 'bargain' at an auction. But then, auctions aren't a bargain bin like some people seem to think!

Thanks Doozer

Oh dear Drea, just as I thought you deserved some respect, you've gone and ruined it.

I said 'my comments are factual and not attacking anyone(unless they attack me of course)'.

Deconstructed this means -
1)My comments were based upon fact and my references do exist. By the way, your comments are not unfortunately. If you quoted facts I would have no option but to take you seriously, at the moment I can't, sorry.

2)I do not attack someone unless they attack me.

'particularly when its you that doesn't know what he's talking about, in spite of working in the auction game'.

What you said was proven to not make sense, you actually stated that yourself.??(socrates noticed it too by the way so don't try and wriggle out of it)

So saying you have a hidden agenda is an attack on you is it? -oh dear, please learn the meaning of the phrase, then I think you will rapidly learn it was a statement of fact in both yours and Dozys case. Please don't ask me to elaborate on each of your hidden agendas, as if its not obvious to you already, there really is no point.

wheresmydoshat

anyone with loads of money in the bank are looking at buying up property like this, especially in london, as interest rates are so poor they can make more renting.

PD1

wheresmydoshat wrote: »

anyone with loads of money in the bank are looking at buying up property like this, especially in london, as interest rates are so poor they can make more renting.

With regard to the overinflated auction sale prices that could well be one of the contributing factors.

socrates

wheresmydoshat wrote: »

anyone with loads of money in the bank are looking at buying up property like this, especially in london, as interest rates are so poor they can make more renting.

Except that the yields in London from these properties are poor compared to Commercial - that is where the real action is

PD1

socrates wrote: »

Except that the yields in London from these properties are poor compared to Commercial - that is where the real action is

Good point, but doesn't the current economic climate give good reason to be concerned about buying into commercial - at least for the moment.

socrates

PD1 wrote: »

Good point, but doesn't the current economic climate give good reason to be concerned about buying into commercial - at least for the moment.

I follow the auctions on the internet. Commercials are selling like hot cakes - do not ask me why. In a lot of cases even before they get to the room.

London is usually around 5-7% yield - outside London 7-10% +

Perhaps some of the 'experts' can tell us.

PD1

socrates wrote: »

I follow the auctions on the internet. Commercials are selling like hot cakes - do not ask me why. In a lot of cases even before they get to the room.

London is usually around 5-7% yield - outside London 7-10% +

Perhaps some of the 'experts' can tell us.

I've been watching Allsops, but ignoring the commercial stuff(perhaps wrongly). Who have you been watching and are those yields quoted from an auction web site?

socrates

http://www.futureauctions.co.uk/regional/london_property_auctions1month.htm

I tend to use this as a link to all the auctions - the yields are published on some of the results pages - others I work out for myself

Drea

Yawn, I won't continue posting in this thread because, frankly it is getting boring.

Been at an auction today, very interesting...

elkay115

PD1 wrote: »

Elke, would you mind going to play with the other children(I know its hard looking like a spineless weasel), but the adults are trying to conduct a sensible conversation here.

Can you please stop being spineless and sending me abusive PM's? :rolleyes:
kthanxbye