peak price is the right price ...

nearlynew

This is one of the HPI cheerleaders' arguments...

"whatever my house was worth in 2007, it is worth at least that or more now"

and ...

"I won't sell for anything less"


If this peak price is "the correct value" why didn't people in, say, 2000 sell their house for its 2007 price?


Do you know what i mean?

Or am I just drunk and talking !!!!!!?





(I do talk a lot of !!!!!! by the way)

FATBALLZ

GHOULES_ARE_BACK_IN_TOWN wrote: »

Actually you will find peak price is the ONLY price. No one has to accept cheeky offers from you ghouls. Vendor can happily sit it out. All the while you keep paying down your LANDLORDS mortgage. Madness, generous but absolute madness.

Wow, are the sellers still sitting it out in Japan 20 years later? Sometimes you just need to move on.

1984ReturnsForReal_2

I still think its circa 2004-2005 money across the board.

ILW

GHOULES_ARE_BACK_IN_TOWN wrote: »

Actually you will find peak price is the ONLY price. No one has to accept cheeky offers from you ghouls. Vendor can happily sit it out. All the while you keep paying down your LANDLORDS mortgage. Madness, generous but absolute madness.

Not if they are about to be repossed. Better to sell at the best offer than let the bank sell at auction for way below.

kabayiri

ILW wrote: »

Not if they are about to be repossed. Better to sell at the best offer than let the bank sell at auction for way below.

My aunt is in this exact same position.

She knows the bank will probably make the call about spring next year at the latest.

There is equity in the house, but an unwillingness to accept that the house is too highly priced now.

It's a mindset thing. I have bitter experience of chasing a falling market in the early 90s; I hope she cuts her losses by being bold and moves on.

Procrastinator333

GHOULES_ARE_BACK_IN_TOWN wrote: »

No one has to accept cheeky offers from you ghouls.

Beg to differ: Debt - Divorce - Death.

ukcarper

Procrastinator333 wrote: »

Beg to differ: Debt - Divorce - Death.

I think the only one where you have to sell is Dept.

FATBALLZ

ukcarper wrote: »

I think the only one where you have to sell is Dept.

I agree, when you divorce you don't sell, you give the house to the wife.

And when you die, you can't really sell due to physical limitations.

ukcarper

FATBALLZ wrote: »

I agree, when you divorce you don't sell, you give the house to the wife.

And when you die, you can't really sell due to physical limitations.

More of a loan isn’t it you might get half of it eventually.

wherediditallgothen

FATBALLZ wrote: »

And when you die, you can't really sell due to physical limitations.

And at that stage you aren't really bothered by cheeky offers.

nearlynew

GHOULES_ARE_BACK_IN_TOWN wrote: »

Actually you will find peak price is the ONLY price. No one has to accept cheeky offers from you ghouls. Vendor can happily sit it out. All the while you keep paying down your LANDLORDS mortgage. Madness, generous but absolute madness.

You moron.


The sooner you get banned the better.