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Debate House Prices


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This is very bad news.....

2456

Comments

  • new_home_owner_3
    new_home_owner_3 Posts: 1,191 Forumite
    geoffky wrote: »
    hamish..i have just bought for 38 % off from 2008 prices(reduced from 299k to 180k) would you call that a house price crash?

    i doubt very much it was ever worth 299000, you might believe it was, but in reality its only worth around what you paid for it now, i bet if you put it on for 299000, pound you would be waiting longer than 2 years to sell it.

    If it was that much of a bargain and it was on the market for 2 years was the seller waiting for you to make this offer to bag a bargain or was no none else interested?
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    geoffky wrote: »
    Its sensible to me because that's all that matters..how much i pay...

    Again, how much you paid for one house cannot be used as a reliable or sensible indicator of whether we have rampant house price inflation or a severe crash in prices.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    geoffky wrote: »
    thanks i am richer just like when they go up 2% that makes me richer does it not? what shall i spend it on..?

    A calculator?
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    geoffky wrote: »
    hamish..i have just bought for 38 % off from 2008 prices(reduced from 299k to 180k) would you call that a house price crash?

    Of course you did Geoff, of course you did. Been talking !!!!! for months no one is going to listen to you now.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • geoffky
    geoffky Posts: 6,835 Forumite
    edited 1 April 2010 at 7:35PM
    new_home_owner wrote: »
    i doubt very much it was ever worth 299000, you might believe it was, but in reality its only worth around what you paid for it now, i bet if you put it on for 299000, pound you would be waiting longer than 2 years to sell it.

    If it was that much of a bargain and it was on the market for 2 years was the seller waiting for you to make this offer to bag a bargain or was no none else interested?
    my valuation i paid for on its own came in at 232k in todays market..

    average time for a house on the market for my area and that includes flats and all other types is 374 days ..The estate agent we have got it from tells me she has not seen a first time buyer for two years and all she has had in the last year are cash buyers..loads and loads have been on for 3 years plus around here..
    the sellers had been with three estate agents before this one..the market here is Cheshire is one hell of a mess..I know someone who has lost out on going to Canada on a whole family work visa because they have been unable to sell in the last three years..

    here are a few from property snake with how long they have been grasping at straws
    711 days 330 days
    477 days 394 days
    428 days 330 days
    487 days 718 days
    247 days 550 days
    331 days 487 days
    605 days
    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.
  • steve237
    steve237 Posts: 282 Forumite
    geoffky wrote: »
    my valuation i paid for on its own came in at 232k in todays market..

    average time for a house on the market for my area and that includes flats and all other types is 374 days ..The estate agent we have got it from tells me she has not seen a first time buyer for two years and all she has had in the last year are cash buyers..loads and loads have been on for 3 years plus around here..
    the sellers had been with three estate agents before this one..the market here is Cheshire is one hell of a mess..I know someone who has lost out on going to Canada on a whole family work visa because they have been unable to sell in the last three years..

    Where abouts in Cheshire is this, out of interest?
  • new_home_owner_3
    new_home_owner_3 Posts: 1,191 Forumite
    edited 1 April 2010 at 7:47PM
    geoffky wrote: »
    my valuation i paid for on its own came in at 232k in todays market..

    average time for a house on the market for my area and that includes flats and all other types is 374 days ..The estate agent we have got it from tells me she has not seen a first time buyer for two years and all she has had in the last year are cash buyers..loads and loads have been on for 3 years plus around here..
    the sellers had been with three estate agents before this one..the market here is Cheshire is one hell of a mess..I know someone who has lost out on going to Canada on a whole family work visa because they have been unable to sell in the last three years..

    I know ive seen the houses platnium offer there all about 4 or five years old, how much did they pay for it?

    Its a newish estate with new houses no wonder they couldnt get 299000 pounds for it how much did they buy it for?

    As for your valuation i think your living in dreamland, people will only pay what they think something is worth and you was the only mug to buy a 4 or 5 year old new build sucker.

    you might aswell bought the 5 bderoom house there selling you could get that for 225000

    http://www.platinumestates.co.uk/site/property_details.asp?pid=788
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Even the most rabid bears are buying, where is it (roughly) Geoff ?
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • geoffky
    geoffky Posts: 6,835 Forumite
    StevieJ wrote: »
    Even the most rabid bears are buying, where is it (roughly) Geoff ?
    just out side Chester...i posted a picture of it months ago.....then at 225k
    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.
  • geoffky
    geoffky Posts: 6,835 Forumite
    Joeskeppi wrote: »
    Of course you did Geoff, of course you did. Been talking !!!!! for months no one is going to listen to you now.

    joe the king of the one liner..still here i see...poor you
    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.
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