Debate House Prices
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peak price is the right price ...

nearlynew
Posts: 3,800 Forumite
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)
"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)
"The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein
Albert Einstein
0
Comments
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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.0 -
I still think its circa 2004-2005 money across the board.Not Again0
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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.0 -
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.
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.0 -
GHOULES_ARE_BACK_IN_TOWN wrote: »No one has to accept cheeky offers from you ghouls.
Beg to differ: Debt - Divorce - Death.0 -
Procrastinator333 wrote: »Beg to differ: Debt - Divorce - Death.
I think the only one where you have to sell is Dept.0 -
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.Set your goals high, and don't stop till you get there.
Bo Jackson0 -
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."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0
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