Property Snakes and Ladders; 2009

John_Pierpoint

Buying a wreck at the height of the market in 2007 must be a recipe for negative equity.
How long is it before we get the first bankruptcy in one of these episodes; or would that not make family TV?

HOWEVER if these two couples were to start again by buying this summer, what would be the outcome; especially if they put in most of the labour themselves.

I think they would come out of this recession with a home that has cost them say 2/3rds of the 2007 contract and perhaps two rungs up on the housing ladder.

It is "site" value that falls the most, then labour and second hand building materials; however I'm seriously worried that this "quantitative easing" could easily flip over into inflation in a couple of year's time. It it does it will be a good time to have manufactured a nice modern home.

dopester

John_Pierpoint wrote: »

HOWEVER if these two couples were to start again by buying this summer, what would be the outcome; especially if they put in most of the labour themselves.

If if if... 2/3rds to buy it if they'd waited ect. No.. that is for people like myself... who didn't get pulled in with the greed disease.

It is over for them. Some of us can look forward to buying for value. They already had their own house (worth more than £650,000).

For them it has probably already happened - but before we're done - this crash is going to beat the easy-money developing dream out of most of the wannabee amateurs property developers (booksellers) and many a professional as well.

Conrad

dopester wrote: »

If if if... 2/3rds to buy it if they'd waited ect. No.. that is for people like myself... who didn't get pulled in with the greed disease.

Is it any less greedy to wait like a vulture for the carcass, which will confer upon you deep down a sense that relative wealth position has improved?

Nuns are greedy for enlightenment and gracious Godly goodwill, just as businessmen are greedy to amass cash. I see no difference as the outcomes are the same - self improvment meaning a measurement of imrpovment against the benchmark set by the general population.

Chris2685

Haven't read the rest of the comments above as I don't want spoilers, but am watching the latest episode now... That couple renovating (totally rebuilding?) that house in the woods... The guy is a total penis jockey.. lol.

"I'm gonna ignore what you say with your years of property development experience, and do what I want because everyone will like what I like".

Prat.

ss70

harryhound wrote: »

I think Beenie is more of an Urban/Suburban animal and fails to realise that people who live "off grid" tend to be a bit off the wall (or very rich) Either way they tend to be individualistic rather that strictly rational.

Not quite
http://www.guardian.co.uk/lifeandstyle/2009/jan/11/sarah-beeny-house-prices
Sarah Beeny: 'In my mind I see me with loads of children and living in the countryside with goats and chickens. In my heart I am living on a farm in deepest darkest Wales.'She grew up on a farm in Berkshire, in the countryside between Reading and Basingstoke.

harryhound

Thanks for that.

I note she dreams about living in darkest Wales with 6 kids, then has a reality check;)

[Britain is the country where industry is run by accountants, who dream about being farmers? and bankers who make a fortune and retire to become land owners who pretend to farm:rolleyes:]

What is an infinity shower?

GracieP

A quick heads up for tonight's episode. On in 10 minutes.

PasturesNew

Michael Jackson on BBC2 tho' init!!

PasturesNew

harryhound wrote: »

What is an infinity shower?

I think it's like a golden shower, but there's a whole queue of people

PasturesNew

Chris2685 wrote: »

... penis

Respect. You beat the filter!