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!
Many Upsizers gaining nothing from crash....
Comments
-
Harry_Powell wrote: »If someone is moving from a £200k house to a £300k house, it's still going to be cheaper when the market has dropped 20% and you're now moving from a £160k house to a £240k house.
You miss the point. The figures show that they don't both fall by 20%.
The more expensive houses fall by less than the cheaper ones. Negating the savings in many cases.
Yep, I think I'd rather be buying post-crash than pre-crash. :rolleyes:
Suit yourself. For many, if not most, it will be a lot closer than you think.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
OK - My house (2 bed terrace ftb property) was down from 315 to 250 (at lowest - may be back up a little now)
Properties (3/4 bed semis in good school catchment areas) I would look to move to were 425-525 and are still 425 - 525
Net cost to move up increased from 80 (just about affordable) to 175 (you have got to be joking) - and I didn't move 18 months ago because I was expecting equal percentage reductions to close the gap.
?
Precisely my point.
This is happening in most areas, perhaps not to that scale, but significant gaps are opening up.
The potential upsizers are losing out at an alarming rate. The crash is making it harder, not easier, for many of them.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
theyd better learn to negotiate harder.HAMISH_MCTAVISH wrote: »Precisely my point.
This is happening in most areas, perhaps not to that scale, but significant gaps are opening up.
The potential upsizers are losing out at an alarming rate. The crash is making it harder, not easier, for many of them.0 -
Why am I wasting my time typing a response to this total and utter tripe. Who on earth is upsizing to the 425k properties then? Are people magicking money out of thin air? The crash only affects some of the rungs on the ladder? Rich people can afford not to lower their prices? It's absolute and complete nonsense.HAMISH_MCTAVISH wrote: »Precisely my point.
This is happening in most areas, perhaps not to that scale, but significant gaps are opening up.
The potential upsizers are losing out at an alarming rate. The crash is making it harder, not easier, for many of them.
Do you have idea how a housing chain works. A moves up to B, moves up to C - it's quite a few links before the 4 bed 500k houses are reached.
Get Property Bee. Get informed.0 -
Why am I wasting my time typing a response to this total and utter tripe. Who on earth is upsizing to the 425k properties then? Are people magicking money out of thin air? The crash only affects some of the rungs on the ladder? Rich people can afford not to lower their prices? It's absolute and complete nonsense.
Do you have idea how a housing chain works. A moves up to B, moves up to C - it's quite a few links before the 4 bed 500k houses are reached.
Get Property Bee. Get informed.
Good point, no doubt he would tell us property is rising by 50k a week in Aberdeen.
So I had a look myself at 3 bed detached houses in Aberdeen. They look just as deluded as Hamish.
New homes, on the market since September 2008, they can't sell it, so over the last 2 months, have increased the price by 2k a month.
http://www.rightmove.co.uk/property-for-sale/new-homes/property-21528464.html?locationIdentifier=REGION^4&sortByPriceDescending=false&minBedrooms=3&minPrice=160000&displayPropertyType=houses&radius=5.0&oldDisplayPropertyType=houses&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E4%26sortByPriceDescending%3Dfalse%26minBedrooms%3D3%26minPrice%3D160000%26displayPropertyType%3Dhouses%26radius%3D5.0%26oldDisplayPropertyType%3Dhouses
Search for 3 beds, 5 mile radius of Aberdeen, and they keep putting them up, all been on for nearly a year.
Think it must be a scottish thing.
Ones been on since July 2008, still no sell, lets whack 6k on it! Woop!
Can anyone tell me what I'm doing wrong anyway? Searched for 3 bed places, 5 miles of Aberdeen, only getting 19 properties, nearly all new builds. !!!!!! kind of city is this.
I like this one though, its like delusion one month, realisation the next, then off to auction.
17 February 2009- Price changed: from 'Offers Over £185,000' to 'Offers Over £150,000' [IMG]chrome://property-bee/skin/user_comment.png[/IMG]
- Brief Description changed: A one and a half storey detached cottage requiring a full renovation with a semi-rural setting. setting and an adjacent agricultural steading building. [IMG]chrome://property-bee/skin/user_comment.png[/IMG]
- Price changed: from 'Offers Over £145,000' to 'Offers Over £185,000' [IMG]chrome://property-bee/skin/user_comment.png[/IMG]
- Subtitle changed: from '3 bedroom detached' to '3 bedroom cottage ' [IMG]chrome://property-bee/skin/user_comment.png[/IMG]
0 -
Must be the whisky.0
-
There's a good reason for there being a glut of "detached rural buildings" for sale around aberdeen.
And there's a good reason why most of them have been abandoned............
Nobody in their right mind would want to live in such a cold, damp, grey and lifeless place."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
There speaks someone who has nay ventured along the Loch Lehmans shores, sipping a Glenn McSporran on the eve of Berns Night. To sip from neep soup and listen to ten thousand bagpipes flappulating in glorious unison is truly to feel at one with the world. Even the simple joy of sitting at home with a bottle of ten month old Scotch, with your feet warming in a washing up bowl full of scottish oil - aye - it makes me wistful to think of it.There's a good reason for there being a glut of "detached rural buildings" for sale around aberdeen.
And there's a good reason why most of them have been abandoned............
Nobody in their right mind would want to live in such a cold, damp, grey and lifeless place.
We moved to Surrey.0 -
Graham_Devon wrote: »
Can anyone tell me what I'm doing wrong anyway? Searched for 3 bed places, 5 miles of Aberdeen, only getting 19 properties, nearly all new builds. !!!!!! kind of city is this.
You're looking in the wrong place.
Rightmove doesn't get a lot of business up here.
Try this instead.
https://www.aspc.co.uk“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards