I’ve bought a house: my worst ever financial decision

chucky

brit1234 wrote: »

A little checking and I reckon you are using land registry figures. Am I right.

Now as these are land registry figures there is a 2-3 month delay in the accuracy. On top of that your chart goes up to March and we are entering June in a couple of hours.

So you base you information with figures from December Early January to state your argument. I am however using info based on the last couple of months where the market has leveled off and started to fall rather than 5-6 months ago.

So when you say my comment is delusional or untrue please back it up with relevant data rather than outdated info when I even admit prices were rising.

you obviously must be using the Brit1234 Price Index to find out the most recent sale prices. can you publish the results or will we be taking your word for it?

i've expected and expect prices to soften btw but i'd rather use real facts instead as proof instead of some guy who has predicted everything wrong from day one.

chucky

brit1234 wrote: »

A little checking and I reckon you are using land registry figures. Am I right.

Now as these are land registry figures there is a 2-3 month delay in the accuracy. On top of that your chart goes up to March and we are entering June in a couple of hours.

So you base you information with figures from December Early January to state your argument. I am however using info based on the last couple of months where the market has leveled off and started to fall rather than 5-6 months ago.

So when you say my comment is delusional or untrue please back it up with relevant data rather than outdated info when I even admit prices were rising.

hey brit1234 - the Land Registry figures are out for another month.

Hounslow has had a 1.2% increase.

i guess that the Brit1234 House Price Index got it wrong [again]

Raggs_2

I accept if prices crash then she has made bad purchase. But unless things have changed, and I didn't know that bit, if the house is her home, she doesn't pay CGT on it right? Primary residence and all that, or has that changed?

Also, that's assuming she's the sole owner, with 2 people, that's twice as much CGT allowance, which would have allowed for tax free sale. And I'm guessing, even in London, a 500k house today would be something more likely for a family/couple than a lone buyer?

Blacklight

I was only in the bank last week and you couldn't move for the amount of estate agents holding some poor first time buyer by the scruff of the neck with a gun pressed to their temple forcing them to withdraw £50,000 for their first purchase.

What a complete load of crap.

Stupid cow clearly knows nothing about CGT either.