This is very bad news.....

geoffky

new_home_owner wrote: »

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.

what are you on...who mentioned new house on new estate....its a one off build on it one and only plot and the houses near it are old coach houses..(they sold the land to build the house)
(_I know ive seen the houses platnium offer ) English please ????
and who are you newbie?

Cleaver

geoffky wrote: »

its a one off build on it one and only plot

Glad we have a clear explanation of the house now Geoff.

Look, stop rising to it all. You sound like you have a nice house at a price that you're happy with which is all that matters. Just enjoy it.

new_home_owner_3

geoffky wrote: »

what are you on...who mentioned new house on new estate....its a one off build on it one and only plot and the houses near it are old coach houses..(they sold the land to build the house)
(_I know ive seen the houses platnium offer ) English please ????
and who are you newbie?

it really makes me laugh i suppose no one else ever seen this house it must have slipped through and you are the only one to bag a bargain, like i said how much did the people buy it before you?

You post a load of !!!!!! about house prices falling for months, when infact they had been going up and then all of a sudden you buy and you have bagged a real bargain, i suppose now you will start posting a load of !!!!!! about house prices going up now you have got one.

Im glad you think you have a bargain but i like a lot of other posters just dont believe you.

new_home_owner_3

geoffky wrote: »

what are you on...who mentioned new house on new estate....its a one off build on it one and only plot and the houses near it are old coach houses..(they sold the land to build the house)
(_I know ive seen the houses platnium offer ) English please ????
and who are you newbie?

its a newish house then? lol:rotfl::T

Emy1501

Im glad you think you have a bargain but i like a lot of other posters just dont believe you.

Why because it does not fit into what you want to read? Where I live I have seen examples of properties that have fallen between 30-40%. I went and looked at a house where it sold for 30% less than the next door had sold for and flat in a block not far away sold at auction for 40% less then another had sold 15months before.

On the flip side I have come across properties that are selling at 10% above peak now. Yes these are not the norm but these examples do exist.

Maybe the guy in question is lying but I suspect so are all those who tell us that they own load of property that have gone up loads and are selling past peak with their 0% interest rates etc.

new_home_owner_3

Emy1501 wrote: »

Why because it does not fit into what you want to read? Where I live I have seen examples of properties that have fallen between 30-40%. I went and looked at a house where it sold for 30% less than the next door had sold for and flat in a block not far away sold at auction for 40% less then another had sold 15months before.

On the flip side I have come across properties that are selling at 10% above peak now. Yes these are not the norm but these examples do exist.

Maybe the guy in question is lying but I suspect so are all those who tell us that they own load of property that have gone up loads and are selling past peak with their 0% interest rates etc.

I just dont really think its has much has a bargain has what he his making out, like someone said earlier people will always think what they want, if he thinks hes got a bargain then thats very nice.

The person in question has been on here saying houses are overpriced and they are going to fall, now its a proven fact nationally they have gone up nearly 10 percent to this time last year, and he buys now, just seems a bit strange, oh and it just so happens since he has bought his house it is now valued at 232, 000:eek:

Mexas

HAMISH_MCTAVISH wrote: »

Aberdeen average price February 2007 £151K

Aberdeen average price February 2010 £172K (latest available)

Would you call that a house price crash?

What was the difference between Feb08 and Feb10? why did you move the goal posts?

new_home_owner_3

geoffky wrote: »

The recent rise in property values isn’t sustainable, and experts warn homeowners can expect to see prices fall again before too long.
Over the past few months, several house price indices have shown an increase in property values, leading to renewed optimism that the worst of the crash is now over. Nationwide reports that house prices have risen for the fourth consecutive month, with a 1.6% uplift in values during August.
Nationwide's key findings:
* The price of a typical house rose by 1.6% in August
* Average house prices increased by 3.3% between June and August – the highest rise since February 2007
* The first eight months of 2009 have seen prices rise by 3.2%
* The typical property is now worth £160,224 – down 2.7% from August last year and 14.4% from the peak in October 2007
Despite house prices remaining down on an annual basis, the slight rises have bolstered confidence. In August, the Royal Institute of Chartered Surveyors predicted house values would end the year higher than they started. And a survey from property portal Rightmove found that three quarters of homeowners think the housing market has bottomed.
Meanwhile, the British Bankers’ Association (BBA) recently reported that mortgage approvals have increased by 77% since July last year, a sudden buoyancy that could last into the autumn.
However, despite the seemingly massive jump in approvals, the amount of lending remains historically low – and experts warn the slight recovery in both lending and house prices cannot be sustained

and more.....

http://www.moneywise.co.uk/news-views/2009/08/26/house-price-rises-not-sustainable

geoffky wrote: »

Rising house prices are great for all your kids and anyone else who needs to buy.
Paying a lot of your wages just for a roof over your head is great for everyone........what a selfish society we live in.
Thatchers children at their best....me me me me me me ...sod everyone else..

geoffky wrote: »

when i see crap houses going up in price is the day i will start to worry untul then i will wait and let the economic turmoil do its work, as it will.

geoffky wrote: »

If anyone thinks this is the end of a price correction then they should be locked up...wait until all the things the government has thrown at the market wears off..this winter and beyond will be proof of the pudding....

geoffky wrote: »

Vested interest maybe?? ( OFF)

If house prices were rising like mad these poor fools would have no debt as they could mew their lives away just like they used to..

geoffky wrote: »

anyone who thinks the recession is over and goodwill to all men will prevail is in for a big big shock..this baby is just warming up and its going to get nasty in the next five years or so..

geoffky wrote: »

Hamish..the next leg down will make you like all the rest of the bulls on here over time disappear and you will probably come back with a new user name like the others.

geoffky wrote: »

you will not miss the boat mike..as the boat is the titanic and will be hitting the iceberg in the next year i think...make sure you have a lifejacket as you are going to need one...
D o you really think the biggest housing bubble in history is going to be followed by a small downturn in prices.....i think not.....this is just the start of things.. good luck i think you are mad..

geoffky wrote: »

180k for a four bed det.. they where 275 to 290k now down to 220k and have been for months but i will wait if the market really starts to go in freefall over the winter..

this one seems familiar

Now i bought a house last year and this geoffky said i could not see what was in front of me, the problem with him his he obviously does not remember what he's posted before either that or he has a split personality....

HAMISH_MCTAVISH

Mexas wrote: »

What was the difference between Feb08 and Feb10? why did you move the goal posts?

???????????

Feb 10 is up on Feb 07, 08 and 09. (08 is the closest by far)

And what goal posts?

2007 is regarded as the peak year for housing in the UK. 2008 saw a similar peak in Aberdeen to 07, but 07 was slightly higher in the summer months as a whole.

I'm comparing the same month now, to the same month in the "peak" year of 2007, so there is no seasonal distortion.

The reality is that aberdeen never left 2007 prices. And I expect Aberdeen to cross previous peak this year. It's certainly on track so far.

nearlynew

HAMISH_MCTAVISH wrote: »

The reality is that aberdeen never left 2007 prices. And I expect Aberdeen to cross previous peak this year. It's certainly on track so far.

That really does sound awful.

I'm sure things will work out ok though.

Just hang in there.