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Debate House Prices


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Location, Location, Location - always posh?

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Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    shakerbaby wrote: »
    And what's so special about him? :confused:
    Everything. Absolutely everything.
  • Phirefly
    Phirefly Posts: 1,605 Forumite
    Cleaver wrote: »
    One day I will start a proper economic thread, which is just serious discussion.


    Please don't. Please start more like this. Preferably when I'm around though, I'm cross with myself that I missed jumping on the in-crowd bandwagon of this one when it was in full swing....
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 26 August 2009 at 8:43PM
    Anybody watching tonight's?

    Young couple, in Scotland, got a kid ... and STILL they can afford to spend nearly £600k on a flat.

    *rolls eyes*

    I wish I knew where they get the money from. At their age I still hadn't moved into my first caravan.
  • Chris2685
    Chris2685 Posts: 1,212 Forumite
    I don't understand... Why are they offering so far above the asking price? Did I miss something about property prices *dropping* over the past year?
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Chris2685 wrote: »
    I don't understand... Why are they offering so far above the asking price? Did I miss something about property prices *dropping* over the past year?
    a] They are loonies
    b] See [a]
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 26 August 2009 at 9:01PM
    Chris2685 wrote: »
    I don't understand... Why are they offering so far above the asking price? Did I miss something about property prices *dropping* over the past year?

    Because, to some, buying a house is a very emotional thing where the thought of aquiring the house becomes more important than anything else and people are willing to spend 'more than it's worth'. Although the term 'worth' is a purely subjective concept. I guess they are the emotional polar opposite to the spreadsheet type who work out percentage drops on property bee and looks for a cold, rational, financial purchase. There's a happy medium in all of this of course and I'm not saying either method is the right one.

    Basic human psychology I guess. Why do people buy Ferraris when a BMW at a tenth of the cost would do? Because, for some reason, they want to.

    Edit: I should point out that I'm not watching it because there is football on. They could simply be offering above asking price because they are dumb.
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    In scotland its offers over, a bit like best and final 'here', as I understand it, you hve one shot.
  • NEH
    NEH Posts: 2,464 Forumite
    Chris2685 wrote: »
    I don't understand... Why are they offering so far above the asking price? Did I miss something about property prices *dropping* over the past year?

    It's like an auction here except you don't know what the other party has bid...Some places here in Aberdeen go for 30% over the asking price....

    It's not dumb, it's a different system in Scotland to how the English system is run...
  • silvercar
    silvercar Posts: 49,936 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Presumably, in asking for offers over XX, the XX has dropped from the highs of 2007. At least it would be nice to think they had.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • SUESMITH_2
    SUESMITH_2 Posts: 2,093 Forumite
    watched a very early lll on cable a few weeks ago and it was a hoot - the people they had on then were ordinary with bad hair as obviously it wasnt a famous show then - they bought a cheap house in bolton i think
    'We're not here for a long time, we're here for a good time
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