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Debate House Prices


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A seller drops their price substantially is this a sign of our times?

29 Jun 2008 First day listed (price £104,950) 30 Aug 2008 Price changed from £104,950 to £94,950 04 Oct 2008 Price changed from £94,950 to £85,950 05 Nov 2008 Price changed from £85,950 to £77,950 18 Dec 2008 Status changed from listed to delisted 20 Dec 2008 Status changed from delisted to listed 22 Jan 2009 Status changed from listed to delisted 24 Jan 2009 Price changed from £77,950 to £74,950 Status changed from delisted to listed 28 Jan 2009 Price changed from £74,950 to £69,950




WHAT A EASY GAME TO PLAY...:T:T:T
It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
«1345

Comments

  • must be a !!!!!! hole if its still for sale
  • Thats about 30% drop then, it previously sold for?
    Give us the link for it, just shows someone needs to move in an illiquid market
  • geoffky
    geoffky Posts: 6,835 Forumite
    Some of us do not have the pleasure of paying London prices..:rotfl:
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • Any chance of a link to the properties listing? It'd be interesting to see what it looks like for that price.
  • Are you serious? It's just one geoff has made up. Guys a can short of a 4-pack.

    Several sandwiches short of a picnic, even.
    “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”
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    geoffky wrote: »
    29 Jun 2008 First day listed (price £104,950)
    30 Aug 2008 Price changed from £104,950 to £94,950
    04 Oct 2008 Price changed from £94,950 to £85,950
    05 Nov 2008 Price changed from £85,950 to £77,950
    24 Jan 2009 Price changed from £77,950 to £74,950
    28 Jan 2009 Price changed from £74,950 to £69,950
    A spot of basic formatting never goes amiss.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Don't forget 2007 "values" were only paper valuations.

    I wonder if any of the HPI cheerleaders can point us to a house that sold at the peak in 2007 and then sold again this year for even more.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • I'm pondering whether to report this thread as spam or not...
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 19 September 2009 at 10:05PM
    nearlynew wrote: »
    Don't forget 2007 "values" were only paper valuations.

    I wonder if any of the HPI cheerleaders can point us to a house that sold at the peak in 2007 and then sold again this year for even more.

    Blimey, that would be quite a challenge considering the average fall of nearly 20%. I imagine that there will be some 'property developed' places out there, but then you never know how much were spent on them.

    I'll have a scout on House Prices, I like a geeky challenge. I'd prefer not to be labelled a 'HPI Cheerleader' or 'Debt Junkie' if I find one though. Don't think I'm either.

    And just to be pedantic, aren't all years values 'paper values'?
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 19 September 2009 at 10:22PM
    nearlynew wrote: »
    Don't forget 2007 "values" were only paper valuations.

    I wonder if any of the HPI cheerleaders can point us to a house that sold at the peak in 2007 and then sold again this year for even more.
    I could.
    New build flats too... although one of the problems with those is often they're bought by companies, so not on the LR.
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