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Debate House Prices
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OH MY GOODNESS - the house price crash hits home!
Comments
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What is this thread still doing here? That's what I want to know...
If it's waiting for an update on when that house finally sells, just to warn you, it could be some time.
Not going anywhere fast, shall we say.0 -
i think an offer's been accepted on it nowWhat is this thread still doing here? That's what I want to know...
If it's waiting for an update on when that house finally sells, just to warn you, it could be some time.
Not going anywhere fast, shall we say.
looks like someone saw the opportunity and grabbed themselves a nice little bargainUnder offer already!
I don't know what price, but whatever price they accepted the offer pretty quick.0 -
looks like someone is going to bag a bargain. That's what I don't understand about this entire thread. Yes, carolt could have saved a fortune by buying this house now rather than back in 2007, however she is not going to buy it, she isn't going to benefit by the price drop, so what on earth are we doing still talking about it on page 11???
It is a good example of the economics on this forum, where Bulls talk about making money on their houses when they can't actually access this money and bears talking about saving money on houses when they haven't actually bought yet and might end up missing out."I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.0 -
What is this thread still doing here? That's what I want to know...
If it's waiting for an update on when that house finally sells, just to warn you, it could be some time.
Not going anywhere fast, shall we say.I'm tracking it:)let me know how you get on... ;-)
Recap: 3 bed semi in nice village just outside London outskirts.
Sold in 2007 for £275,000, probably as a pleasant but could be improved property.
On market as repossession or wreck in Feb 2010 with ripped out kitchen etc for £242,500 when carolt spotted it and brought it to the forum.
Its now been completely refurbed and is back on the market. Unfortunately the house price websites aren't giving its sold price.
New price is.....
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£349,000!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.0 -
On market as repossession or wreck in Feb 2010 with ripped out kitchen etc for £242,500 when carolt spotted it and brought it to the forum.
Its now been completely refurbed and is back on the market. Unfortunately the house price websites aren't giving its sold price.
New price is.....
.
.
.
.
.
.
.
.
£349,000!
OH MY GOODNESS - the house price inflation hits home!
:rotfl:“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 -
What is this thread still doing here? That's what I want to know...
If it's waiting for an update on when that house finally sells, just to warn you, it could be some time.
Not going anywhere fast, shall we say.
And in just a few short months, it's sold, been redecorated and a kitchen installed, had a 100K price rise, and is back on the market.
:rotfl:
Do you ever get tired of humiliating yourself in public?“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 -
StiflersMom wrote: »Has anyone else noticed how the bears have suddenly gone silent on this thread? I wonder why!!!!
Insufficent information.
No one on this board knows the refurbishment cost of the property.
Not everyone goes to B&Q to purchase new kitchens.
So assuming the increase in value is down purely HPI is speculation.0 -
Recap: 3 bed semi in nice village just outside London outskirts.
Sold in 2007 for £275,000, probably as a pleasant but could be improved property.
On market as repossession or wreck in Feb 2010 with ripped out kitchen etc for £242,500 when carolt spotted it and brought it to the forum.
Its now been completely refurbed and is back on the market. Unfortunately the house price websites aren't giving its sold price.
New price is.....
.
.
.
.
.
.
.
.
£349,000!
Yup. And the chances it will sell for that?
Um. Zero.
We'll never know what they bought it for as they were cash buyers, but given it was on for months at 242, and failed to sell, I suspect it went for 200ish. Compare to the 275K we would have paid in 2007. So it would have been a big loss for us.
I've seen the pics - they've put in a really nasty cheap kitchen. Another one on that street has been on at 340 fo c 6 months? - not sold either. And it's bigger/less naff decor.
I'm v v gad I didn't buy it. Not least because we'd only have to sell up now to apply for schools...far too much stress. If we couldn't find a buyer quick, we'd be stuck.0 -
HAMISH_MCTAVISH wrote: »And in just a few short months, it's sold, been redecorated and a kitchen installed, had a 100K price rise, and is back on the market.
:rotfl:
Do you ever get tired of humiliating yourself in public?
"R Carol" what a money saving expert :T :T0 -
wintersunshine wrote: »"R Carol" what a money saving expert :T :T
Poor old Carol - she never does quite get it
:money:0
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