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Debate House Prices
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What it matter about house prices?
Comments
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Well said chucky.
There, I said it. :T
(Sorry Graham, but I have to agree with him).
chucky - a question.......
Do you own any more property ? If so, I would think your reply might be somewhat different.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Fair enough chaps. But next time it's 11.30pm and you have a kinffisher in one hand and a poppadum in the other, don't you dare start talking about how much your property is now worth!0
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Fair enough chaps. But next time it's 11.30pm and you have a kinffisher in one hand and a poppadum in the other, don't you dare start talking about how much your property is now worth!
That is going to happen tonight !
Although it'll be an Aldi lager (pretend Stella) and a Naan bread.
The last thing I'll be talking about is the value of my assets. However, I wouldn't rule out all conversations about assets, apart from financial ones.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
yes i have more - the reply is slightly different.^
Well said chucky.
There, I said it. :T
(Sorry Graham, but I have to agree with him).
chucky - a question.......
Do you own any more property ? If so, I would think your reply might be somewhat different.
the property that give me a very good yield - not interested in the value until the date that i plan to sell them reaches. 5-10 years time i will look much closer at values.
those that are ok yield and i bought cheap will be sold once an opportunity arises that gives me the return i'm happy with. 2-5 years i will look much closer at values.0 -
yes i have more - the reply is slightly different.
the property that give me a very good yield - not interested in the value until the date that i plan to sell them reaches. 5-10 years time i will look much closer at values.
those that are ok yield and i bought cheap will be sold once an opportunity arises that gives me the return i'm happy with. 2-5 years i will look much closer at values.
You won't know if they were "cheap" until you sell them.
I have had, and still have the opportunity to invest in property. I choose not to on moral grounds. That may reveal a lot about the nature of my posts here.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
yes i have more - the reply is slightly different.
Hang on (here we go folks), surely you should be interested in the value of the property you live in, as it must be related to the value of your investments. That is unless you live in a different country.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
when you buy off someone who was desperate to sell and you get the mortgage survey done and it's 30% over that amount - you know it's cheap.You won't know if they were "cheap" until you sell them.
I have had, and still have the opportunity to invest in property. I choose not to on moral grounds. That may reveal a lot about the nature of my posts here.0 -
not really related - values of one bed flats compared to a detached house are pretty different IMO.Hang on (here we go folks), surely you should be interested in the value of the property you live in, as it must be related to the value of your investments. That is unless you live in a different country.0 -
not really related - values of one bed flats compared to a detached house are pretty different IMO.
If you are right, then your investment might well pay off.
In summary, you aren't really bothered about the value of the place you live in, but you would like the purchase value/rent of the other places you own rise.
Now that's where the debate/argument begins AFAIAC. I have no issue with someone investing in someone else's business to try to make some money. I do have an issue with buying up property to limit other's ability to buy a place of their own, especially when the lender will look favourably upon those that have already gained equity in their own property. It's dog eat dog as far as business is concerned, but when it comes to a basic need (shelter) I draw the line.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
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Well said chucky.
There, I said it. :T
(Sorry Graham, but I have to agree with him).
chucky - a question.......
Do you own any more property ? If so, I would think your reply might be somewhat different.
On that very point I was offered a 100k over the market value of my house (by a developer) in 2007 but I didn't sell because:
1. It's my home and when I bought it, it had certain unique extras for me:
a) it's at the end of a cul de sac so my dog is very safe from running out and being run over by a car
b) There is a footpath a few yards from my house that allows me to walk, jog, cycle with my dog down to a sportsfield off lead.
2. We really like the street, it's quaint and individual.
3. It's pain in the butt having to move and to be honest just doing it for a 100k didn't suite me.
However going back to your question, we do own quite a few properties, so the value of the ones we do not live in of course matters. Because at some point we are eventually going to sell up and take the profit (probably within the next 15 years).Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0
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