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Debate House Prices
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Land registry 0.2% down MOM, 1.5% UP YOY.
Comments
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re read chompy0
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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!
Lets hope your circumstances don't change then Batchy where you NEED to sell your house.0 -
WOMEN_PREFER_PROPERTY_MEN wrote: »No they've stabled as you well know.
What they do with their horses has got nothing to do with the LR figures, as far as I know.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
DONT_BE_GHOULED_AGAIN wrote: »House prices are only going one way now and that's UP UP UP.
Don't listen to the Ghouls, they were wrong before and they're wrong now too.
Past performance is no guarantee of future results.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
shortchanged wrote: »Lets hope your circumstances don't change then Batchy where you NEED to sell your house.
I do hope they dont change as I like my current circumstances, but why would I ever NEED to sell the house?
Both me and the gf work, we havent over extended, im a professional, and could take a significant paycut, as well as that the gf, will be cashing in a huge amount of equity to bring with her, and if made redundant should pretty much max out the tax free lump sum and maybe even then sum. With the proceeds ill make it can earn me money!
Worst case scenario, government pays about 3.64% interest only on the mortgage for a while, i believe while im out of work for 12 months.
Basically, it wouldnt be much different if I rented, other than the fact they wont limit the benefit as I have spare bedrooms!
It doesnt pay always to be in rented, it only works if your in social housing!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)0 -
I do hope they dont change as I like my current circumstances, but why would I ever NEED to sell the house?
So, you really can't see any reason why you would need to sell your house ?
You have no imagination, or you are on the happy tablets. Which is it ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
WOMEN_PREFER_PROPERTY_MEN wrote: »Property is too big to fail as successive governments have proofed with these schemes.
You are not Hamish. I am convinced. Hamish can spell, whereas WHOEVER_IT_IS can't.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
I do hope they dont change as I like my current circumstances, but why would I ever NEED to sell the house?
Both me and the gf work, we havent over extended, im a professional, and could take a significant paycut, as well as that the gf, will be cashing in a huge amount of equity to bring with her, and if made redundant should pretty much max out the tax free lump sum and maybe even then sum. With the proceeds ill make it can earn me money!
Worst case scenario, government pays about 3.64% interest only on the mortgage for a while, i believe while im out of work for 12 months.
Basically, it wouldnt be much different if I rented, other than the fact they wont limit the benefit as I have spare bedrooms!
It doesnt pay always to be in rented, it only works if your in social housing!
Lets hope you and the Mrs are pretty solid then.0 -
http://www.landregistry.gov.uk/
Stagnation... or oh yeah, annual rises.
So 0.2% down MOM
or 1.5% up YOY
The rest is just noise, I expect there to be a little negativity in the first 6 months, then since the trend was down for the second half of 2010, it could start showing some worrying positive % increases.
Sometimes the landregistry is just so predictable.
Doctor to patient: I'm afraid you have just been diagnosed with leprosy.
Patient to doctor: OK, so this month's results could be better but on a YOY basis I am leprosy free.0 -
Hamish also has a sense of humour, intelligence and sometimes generosity even if his views are rather one-sided.You are not Hamish. I am convinced. Hamish can spell, whereas WHOEVER_IT_IS can't.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
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