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Debate House Prices
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June Home Sales Rise by 21%
Comments
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we tried to sell our place a few months ago but had no offers what’s so ever. It was over priced but we thought we’d attempt to sell anyway.
Our old next door neighbours did this. Still on the Market 3 years later at 25% the original asking price. Their greed and stupidity has cost them about £100,000.
I don't know why, but when it comes to houses British people turn into money crazed lunatics.0 -
Where does HMRC get their figures from? SDLT returns, possibly?
Do they get ANY stats on sales where no SDLT is payable, and if so - is it 'sales rise by 21% for transactions over £125k ???0 -
Give another year or two years and the prospect of rising interest payments will cause a flood of properties to the market.
Either that or people will have overpaid their mortgages for another 2 years.
TBH the people near the line (less than 10% collateral) their is virtually no difference in rates now than their was 3 years ago.
So when the banks recover I do not see that any base rate rises will have much impact on the rates offered to mortgage holders.
Margins are high at the moment they will come down again lessening the pain of any rate increases.0 -
Our old next door neighbours did this. Still on the Market 3 years later at 25% the original asking price. Their greed and stupidity has cost them about £100,000.
I don't know why, but when it comes to houses British people turn into money crazed lunatics.
These are the type of people who think the bigger the mortgage, the wealthier you are."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
Our old next door neighbours did this. Still on the Market 3 years later at 25% off the original asking price. Their greed and stupidity has cost them about £100,000.
I don't know why, but when it comes to houses British people turn into money crazed lunatics.
Fixed that for you. Otherwise it sounded like they were selling a £130k place for £30k.0 -
Our old next door neighbours did this. Still on the Market 3 years later at 25% the original asking price. Their greed and stupidity has cost them about £100,000.
I don't know why, but when it comes to houses British people turn into money crazed lunatics.
Clearly they dont need to sell otherwise they would have.
Looking back I am glad we didn't sell as the net gain pcm is quite good imo0 -
If we had sold the house, then yes would we have.
As I suspected.
Without your beloved "equity", you have nothing.
Yet you expect someone who doesn't own a house to have a deposit to buy your overpriced house."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0
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