Hilarious! People in my area are increasing their asking price!

Conrad

dopester wrote: »

but I still think it is madness to be buying now.

You also said prices would plummet last year.

In the teeth of this recession prices have risen in the last year - I did that thread last March asking 'why bears aren't buying when no one else is'.

Look, I think to make sense of these times you need to take a step back and consider how people act in the real world, and uncouple your thoughts from what I would loosely label 'academia'.

Having your head buried in newspapers and pie charts is bad for the intellect.

You know I love you really, so don't be offended:D

Conrad

Lydia - follow your gut. 99% of economists did not predict the crunch - pay them and those that ride thier coat tails no attention.

Most people think like you and in the end this general will is what drives direction, not stats and pie charts.

Most people I know are a lot better off now than 2 years ago.

Life is full of risks. The uber bear is less able to mentally accomodate orinary risk. Indeed she is obsessed with money saving and getting one up on the rest of us, whilst we simply plod along and, well, just do stuff without fretting over every penny.

Pete111

dopester wrote: »

You're still set to buy just before a General Election? After which, whatever the result, will see quite many of the measures adopted to delay the full impact of the credit crunch abandoned within 6-12 months - impacting on jobs, pay and public spending, and in my opinion will see house prices begin a much deeper 2nd leg fall.

I've attempted to post no more on this - given I lost to popular opinion on the other thread about your purchase, and because I know some of the background and the understandable reasons why you want a home of your own - but I still think it is madness to be buying now.

Not being cruel here, just my own take on it, but don't be surprised if in 18 months someone buys the nice 4-bed house across the way, for 1/2 the price you buy your 3 bed, even before you pay extra for that extension.

So you are expecting 50%+ falls within 18 months?

Well it's a theory....

new_home_owner_3

I think house prices are rising but the buyers are dwindling, just because they are struggling to get mortgages, i think this will go on until lenders start being reasonable with their rates whos going to pay.

Ive just seen a 2 year tracker mortgage bank base rate + 1.84 which is a good deal, until you put the fee of over 3000 pound on top, and who knows in a years time the base rate could be 5 percent which is not bad, but it is when you have already paid 3000 pound to get a rate of 6.84 percent.:eek:

Until the banks get back to normality with their lending house sales will never get back to how they was, however house prices seem to have not really dropped and they have risen slightly.

I think if the lending was a better sales would be well up and house prices would be climbing a lot more faster than what they actually are.

HAMISH_MCTAVISH

fimonkey wrote: »

Hilarious! People in my area are increasing their asking price!

Well given that prices have risen by around 10% since the market bottomed out last February, it appears the jokes on you....:D

Oh how it makes me laugh..

That's the way. Keep a sense of humour about it.;)

SingleSue

But not in all areas Hamish....they certainly haven't here!

IveSeenTheLight

SingleSue wrote: »

But not in all areas Hamish....they certainly haven't here!

Of course Hamish is talking about an average whereby some areas will be less and others more in order to come to that average.

Which area are you referring to?

Harry_Powell

dopester wrote: »

You're still set to buy just before a General Election? After which, whatever the result, will see quite many of the measures adopted to delay the full impact of the credit crunch abandoned within 6-12 months - impacting on jobs, pay and public spending, and in my opinion will see house prices begin a much deeper 2nd leg fall.

I've attempted to post no more on this - given I lost to popular opinion on the other thread about your purchase, and because I know some of the background and the understandable reasons why you want a home of your own - but I still think it is madness to be buying now.

Not being cruel here, just my own take on it, but don't be surprised if in 18 months someone buys the nice 4-bed house across the way, for 1/2 the price you buy your 3 bed, even before you pay extra for that extension.

Do you really believe all this, dopester?

Eton_Rifle

We all believe whatever we need to in order to give us hope.
It's the brain's self-defence mechanism.
Without this ability, the alternative is only despair.

ukcarper

I was bored so I did this little calculation

My road consist of semi and detached 4 beds, the semi are generally about 15% cheaper that the detached lets say the detached is worth £300k that makes the semi £255k half that is £127.5k that’s a 57.5%.

Might happen I suppose?