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Debate House Prices


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Land registry 0.2% down MOM, 1.5% UP YOY.

2456712

Comments

  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Find any house that has been on the market for a year and you will be able to buy it today for less than you would have paid last year.

    That's all you need to know.

    Forget the spin and bullsh1t from liars and thieves.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • nearlynew wrote: »
    Find any house that has been on the market for a year and you will be able to buy it today for less than you would have paid last year.

    That's all you need to know.

    Forget the spin and bullsh1t from liars and thieves.

    [sarcastic]Yes, restrict yourself to a property that no-one else wants from an already diminishing number of supply.

    Forget all the other factors you may consider in buying a property [/sarcastic]
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • DervProf
    DervProf Posts: 4,035 Forumite
    The crash that isn't happening continues.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Thrugelmir wrote: »
    Totally agree. London prices appear to be holding up the entire UK market.

    Nail on head! As reported here.

    http://www.bbc.co.uk/news/business-12324627

    The thing is, House prices will probably depreciate around 5% with stagnation, once Inflation is taken into account. A good time to buy a home, not so good property as an investment. There a plenty of better opportunties if you're looking for growth i.e Equities
  • Batchy
    Batchy Posts: 1,632 Forumite
    nearlynew wrote: »
    Find any house that has been on the market for a year and you will be able to buy it today for less than you would have paid last year.

    That's all you need to know.

    Forget the spin and bullsh1t from liars and thieves.

    Guarantee your wrong,

    I brought my property last year, and I guarantee you cant buy it today for less... since...

    1 its not for sale, lol and wont be
    2 ive spent the last 4 months investing my time/cash in improving the property.

    Your blanket assumptions mean nothing, and no one will EVER know what you could have brought for a year ago since you never made an offer on anything.

    Years ago when my dad brought he brought at 10% below asking... today im sure you could get near to 10% below asking, but nothing is a god given right and could just be down to which side of the bed the seller got out of that morning.

    The discounts your seeing off prices now, is off unrealistic prices.

    when my gf was selling she never dropped the price.

    she had valuations

    1 - 110 to 105 expect to get 100
    2 - 115 to 110k expect to get 105
    3 - 125 to 115 expect to get 110

    used number 3, marketed around 120

    She is getting just below 110

    No one knows how to value the market... but she got what she wanted and what she expected. You can read the figures all you want, a house will sell for what you want it to if your willing to hold strong!
    Plan
    1) Get most competitive Lifetime Mortgage (Done)
    2) Make healthy savings, spend wisely (Doing)
    3) Ensure healthy pension fund - (Doing)
    4) Ensure house is nice, suitable, safe, and located - (Done)
    5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Of course.

    Silly me.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • Batchy wrote: »

    when my gf was selling she never dropped the price.

    Did she drop anything else? ;)
  • Batchy wrote: »
    Guarantee your wrong,

    I brought my property last year, and I guarantee you cant buy it today for less... since...

    1 its not for sale, lol and wont be
    QUOTE]

    So your guarantee means jack all then as your place hasn't been for sale for over a year then? ;)
    Set your goals high, and don't stop till you get there.
    Bo Jackson
  • tod123
    tod123 Posts: 7,021 Forumite
    Looks all good unless you are in the North, unlucky flat cap whippet people.
  • DervProf
    DervProf Posts: 4,035 Forumite
    tod123 wrote: »
    Looks all good unless you are in the North, unlucky flat cap whippet people.

    Why ? Are prices rising up North ?
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
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