My dream house...

chewmylegoff

LisbonLaura wrote: »

Not a false statement. I said: "for me... it is priced at £280,000". Sorry to be based in a money different money system from you.
For the record, it's gone up a couple of thousand today

no, it is priced at £750,000.

you are not using a different money system, the giveaway is the £ you keep quoting in front of the number.

the house is priced at £750,000 whether your savings are quantified in chickens, idiots, or 14th century pornography. if you want to buy the house, you need enough of whatever you have to exchange for £750,000 and then hand that £750,000 over.

if you turned up with enough silver to buy £280,000, and asked to swap if for the house, what do you think would happen?

ninky_2

i don't think i have a dream house. a house has never featured in my dreams. i think i'm too much of an explorer/nomad at heart for that.

my ideal house would be not too big that it would take too long to clean. something that could be left for months at a time whilst i went travelling. not too much stuff in it but plenty of storage space for things like bikes. somewhere near sea / mountains / forests.

a couple of guest rooms. fully paid for (no mortgage) and low upkeep.

a nice person in it to share it all with and a place that made them smile too.

LisbonLaura

chewmylegoff wrote: »

no, it is priced at £750,000.

you are not using a different money system, the giveaway is the £ you keep quoting in front of the number.

the house is priced at £750,000 whether your savings are quantified in chickens, idiots, or 14th century pornography. if you want to buy the house, you need enough of whatever you have to exchange for £750,000 and then hand that £750,000 over.

if you turned up with enough silver to buy £280,000, and asked to swap if for the house, what do you think would happen?

You'll grasp it one day

chewmylegoff

LisbonLaura wrote: »

You'll grasp it one day

maybe, i still haven't got my head around jp morgan's 584,485,495,382,430,604oz naked short yet though so there's not much hope.

ninky_2

it's interesting what different people want from life because i look at the house in the op and just think mould spores, dust mites and the interminable sound of ticking clocks against a backdrop of oap silence. plus kent.

doesn't do it for me.

Jimmy_31

Sibley wrote: »

I find this statement absurd.

You live in an area where house prices are falling....OK.

That house is in a really really nice area and prices are not dropping because people want to live there.

That does not make the first house overpriced.

I expect your house is holding it's price better than the same property in Belfast. If a similar sized place to yours drops 50% there does that also mean yours has as well?

Oh ok its my mistake i just thought this house had increased in price during the boom, if the boom had no effect at all on the price of your dream house then it probably isnt overpriced

Cleaver

LisbonLaura wrote: »

Not a false statement. I said: "for me... it is priced at £280,000". Sorry to be based in a money different money system from you.

You're not based in a different money system from me though, are you? We both use Sterling. Let me give you some examples.

• When you or I buy a house, we buy it in Sterling.
• When you or I buy a loaf of bread, we buy it in Sterling.
• When you or I buy silver, we buy it in Sterling
• When you or I get paid, we get paid in Sterling
• When you or I buy or sell an asset, we do so in Sterling
• When you or I buy a car, we do so in Sterling

Do you see the connection in all these? Sterling. You may not like Sterling, and you may choose to turn all your Sterling in to silver and 'store your wealth' that way, and that's fine. I don't choose to, and that's fine too, although I do choose to store my wealth in other assets of course.

But when you or I buy something, we change our assets (that we bought in Sterling in the first place) back in to Sterling, and we buy the thing in Sterling. We are therefore not 'based in different money systems', you just choose to store your Sterling in another asset.

I could measure this house in coffee, couldn't I? Let's say I get paid every month in Sterling, convert it imediately to coffee and then measure how much a house costs in that. Now, that might make sense to me, but it's of f*ck all use to anyone else, is it?

The house Sibley posted up costs around £750,000 in Sterling. And it doesn't really matter whether your personal prefered 'money system' is silver, gold, shares, coffee or pork bellies, because the house needs to be bought in Sterling.

Cleaver

ninky wrote: »

it's interesting what different people want from life because i look at the house in the op and just think mould spores, dust mites and the interminable sound of ticking clocks against a backdrop of oap silence. plus kent.

doesn't do it for me.

I thought pretty much the same. But each to their own!

Cleaver

chewmylegoff wrote: »

the house is priced at £750,000 whether your savings are quantified in chickens, idiots, or 14th century pornography. if you want to buy the house, you need enough of whatever you have to exchange for £750,000 and then hand that £750,000 over.

Just when I lose a bit of interest in this forum, I'm greeted with one of the best lines I've ever seen on here. Can we get this as part of Martin's Money Saving Tips newsletters please?

Cleaver

Jimmy_31 wrote: »

Oh ok its my mistake i just thought this house had increased in price during the boom, if the boom had no effect at all on the price of your dream house then it probably isnt overpriced

The boom effected the price of the house during the boom. But that's gone now, so we don't need to worry about it.

The value of that house is the sale price agreed between buyer and seller, so we don't know what that is yet. If that agreed price is £750,000, then we know the exact value of that house - it's £750,000. If it sells for £600,000, then that's the market price. There is no 'overvalued' or 'undervalued', it's worth what a buyer is willing to pay and what the seller is willing to accept. That's all anything is worth.

But we've been through this before Jimmy, and I think you had some problems grasping this concept.