Now property sales are rising - the best feeling of owning your first home

thriftybabe

misskool wrote: »

Do people realise that when they're moving into "their" house, it's just a big fat debt for the large majority of their working lives?

I'm in a cheerful mood today

We are one of the lucky ones! Paying off the mortgage was always a priority and now in my late 30's we are Mortgage Free. It definitely feels great!

chucky

Generali wrote: »

Isn't the problem the difference between data and annecdote?

that's the point Generali - i don't deny house prices are dropping and may drop more on a national average level.

but my real point is that our local areas don't determine national house prices.

i'm very intrigued by the statement that this particular area has alawya reflected national house prices.

inspector_monkfish

Generali wrote: »

Isn't the problem the difference between data and annecdote?

precisely.
data can be fudged

inspector_monkfish

Dan: wrote: »

Well, as it happens I was in my local estate agents yesterday lunchtime. It was packed with buyers and when I finally got to talk to the manager, he told me that he has never been busier. He will be looking to hire staff in the next couple of weeks to keep with the demand of property coming on the market.

The property market is now recovering - I've heard it from the horses mouth.

yeah righto !! :rolleyes:

StevieJ

mbga9pgf wrote: »

They have already fallen over 20%, so I think your extra 15% will equate to 35% off peak.

No its 13% Prefer actual sales rather than all that mumbo jumbo.

http://www.acadametrics.co.uk/ftHousePrices.php

chucky

inspector_monkfish wrote: »

yeah righto !! :rolleyes:

he made the same statement as your good self - why would his not be true?

do you know his local area?

no sorry my mistake - i forgot that your local area house prices is directly correlated to the rest of the UK.

inspector_monkfish wrote: »

this is from a fairly affluent area, just outside london, that has always had a high turnover of house sales

one that can easily be compared with the rest of the country

Dan:_4

inspector_monkfish wrote: »

yeah righto !! :rolleyes:

I just passed on a bit info i thought may be useful, as it was direct from the estate agent.

believe me or dont believe me, its your call - i know what the fella told me.

Austin_Allegro

rumbaba wrote: »

Not sure these days where to put property posts so thought I'd paste and copy this onto here too.

It's been all over the news this morning, and in the papers that house sales have gone up by 12% in the last month and that sales are up by 20% since this time last year.

Obviously, the property market is slowly starting to recover as was expected by many (except the ones who were hoping people would have to give them away! LOL)

One quarter of the buyers are first timers and it must be so exciting for them to know that they've finally managed to get on the first rung of the property ladder, and that they're on their way to owning their very own home!

When we first married many years ago and found our first real home it was a mixture of excitement and nervousness. We did struggle at the beginning, we had bare floorboards for a couple of years - strange how they're trendy now HA HA! and then we got wall to wall carpeting and felt like we were millionaires!

Every little thing we did to our house was so gratifying and exciting. Deciding on which colours to paint it, wallpaper patterns, plants for the garden. I remember our first party too when it was finally done up after about 3 years. We invited all our family, friends and neighbours and had a fab party and oh how we swooned over our avocado bathroom suite!!LOL Seems funnt to look back on, but boy, buying your first home is the best feeling in the world!

Yes, you can't beat that feeling of being hundreds of thousands of pounds in debt in the middle of the worst recession in living memory, can you!

inspector_monkfish

Dan: wrote: »

I just passed on a bit info i thought may be useful, as it was direct from the estate agent.

believe me or dont believe me, its your call - i know what the fella told me.

i see what you did there


difference is, i know what i heard

inspector_monkfish

chucky wrote: »

he made the same statement as your good self - why would his not be true?

do you know his local area?

no sorry my mistake - i forgot that your local area house prices is directly correlated to the rest of the UK.

oh do me a favour mate
i can tell irony when i see it - he was just trying to be funny....