We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

10% YOY taken literally..

martinbuckley
martinbuckley Posts: 1,725 Forumite
Part of the Furniture 1,000 Posts Name Dropper Photogenic
in Debate House Prices & the Economy
Some people take this 10% yoy rise too literally:

http://www.rightmove.co.uk/property-for-sale/property-10926015.html

30 April 2010
  • Price changed: from '£159,950' to '£175,000'
24 March 2009
  • Initial entry found.
It goes on the market, never gets reduced, doesnt sell, and 13 months later they increase the asking price by 10%.

:rotfl::rotfl::rotfl::rotfl:
«1

Comments

  • Malcolm.
    Malcolm. Posts: 1,079 Forumite
    martinbuckley wrote: »
    Some people take this 10% yoy rise too literally:

    http://www.rightmove.co.uk/property-for-sale/property-10926015.html





    30 April 2010
    • Price changed: from '£159,950' to '£175,000'
    24 March 2009
    • Initial entry found.
    It goes on the market, never gets reduced, doesnt sell, and 13 months later they increase the asking price by 10%.

    :rotfl::rotfl::rotfl::rotfl:

    It's their home, it's their choice. I can't see what's silly about it.

    Perhaps they are in no rush to sell...
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Lounge looks like a darkened cave. Maybe they have realised this is a unique selling point?!
  • Malcolm.
    Malcolm. Posts: 1,079 Forumite
    Graham_Devon wrote: »
    Lounge looks like a darkened cave. Maybe they have realised this is a unique selling point?!

    Has there been another outbreak of vampirism in the area?
  • brit1234
    brit1234 Posts: 5,385 Forumite
    They added a poltergiest to the attic hence the price rise.:eek:
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • phil_b_2
    phil_b_2 Posts: 995 Forumite
    Like many others they maybe feel that upping the price and taking low offers would be a better way to lure buyers.
  • boomerangs
    boomerangs Posts: 284 Forumite
    martinbuckley wrote: »
    It goes on the market, never gets reduced, doesnt sell, and 13 months later they increase the asking price by 10%.

    :rotfl::rotfl::rotfl::rotfl:
    The vendor has got to be on hard drugs.
  • Cat695
    Cat695 Posts: 3,647 Forumite
    martinbuckley wrote: »
    Some people take this 10% yoy rise too literally:

    http://www.rightmove.co.uk/property-for-sale/property-10926015.html

    30 April 2010
    • Price changed: from '£159,950' to '£175,000'
    24 March 2009
    • Initial entry found.
    It goes on the market, never gets reduced, doesnt sell, and 13 months later they increase the asking price by 10%.

    :rotfl::rotfl::rotfl::rotfl:


    Isn't it a way to get out of EA fee's if you decide you don't want to sell...ie if it doesn't sell within a time period you don't have to pay any fee's and can get out of the contract??

    or they are just stupid!
    If you find yourself in a fair fight, then you have failed to plan properly


    I've only ever been wrong once! and that was when I thought I was wrong but I was right
  • brit1234
    brit1234 Posts: 5,385 Forumite
    phil_b wrote: »
    Like many others they maybe feel that upping the price and taking low offers would be a better way to lure buyers.

    Yeap but it is more likely to put buyers off in the first place. Money doesn't grow on trees you know and lending has been tightened. They are shooting themselves in the foot.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • Niche
    Niche Posts: 242 Forumite
    Part of the Furniture
    martinbuckley wrote: »
    It goes on the market, never gets reduced, doesnt sell, and 13 months later they increase the asking price by 10%.



    Not quite the 10% increase, this one has been on for over a year and they have also increased the price.

    http://www.rightmove.co.uk/property-for-sale/property-24831023.html

    That is their choice and they are probably hoping for someone to come along with the cash........but do they really think anyone will offer over £250k for it , whether it was on for £259K or £269K

    History

    dateevent01 March 2010
    • Price changed: from '£259,950' to '£269,950'
    31 March 2009
    • Price changed: from '£269,950' to '£259,950'
    25 February 2009
    • Initial entry found.
  • martinbuckley
    martinbuckley Posts: 1,725 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    £270K for that???? :eek::eek::eek::eek:

    I think I'll rush out and buy the property I highlighted for their over inflated price - at least you can get a bed in the "3rd" bedroom! :rotfl::rotfl:
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.8K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture