A real house selling exercise.

DiggerUK

hcb42 wrote: »

well also depends when he bought it. If it was 1968 I would like to change my vote.....
if it was any time after 2003, and given the lender, then my vote stands.

Irelevant when it was bought. (2000 for pointless info)

There are identical properties in the region of Digger Mansions that were bought and sold in 2007/8. That is the benchmark price I am looking at in the poll.

In this exercise there is BNR (Before Northern Rock) and ANR (After Northern Rock)

hcb42

Before Northern Rock down to -10%

LOL

well my house would be up easily be up xx% post northern rock, but that is nothing to do with northern rock, more like the amount I spent dragging it into the 21st century...!

DiggerUK

hcb42 wrote: »

...well my house would be up easily be up xx% post northern rock, but that is nothing to do with northern rock, more like the amount I spent dragging it into the 21st century...!

For me the economic world changed after Northern Rock, after all, I live in the UK.
Property prices , and economic life in general, have not been the same since.

So think about it, what price do you think a property will hit the market at now, compared to ANR/BNR time frame.
I will see this through to the end and give actual prices , as a percentage, of what the same properties achieved in 2007/8; i.e., if they got 100K in 2007/8, and we get 95K now I will report it as 5% under Northern Rock crash price. If we get 105K, then I will report it as 5% over Northern Rock crash price.

Simples or what.

Pimperne1

Before Northern Rock down to -5%

DiggerUK wrote: »

Irelevant when it was bought. (2000 for pointless info)

There are identical properties in the region of Digger Mansions that were bought and sold in 2007/8. That is the benchmark price I am looking at in the poll.

In this exercise there is BNR (Before Northern Rock) and ANR (After Northern Rock)

Oh I think I get it. You bought in 2000 so you will be able to say something like "House prices have been trashed since NR - but I haven't suffered because I still made a considerable profit"? Can I change my guess to -10% - if you had a higher option than -10% I might go for that! This is the truth we have all been waiting for, how much a house is really worth now after NR.

chucky

Before Northern Rock down to -10%

DiggerUK wrote: »

Reckon we will have a valuation in 2/3 weeks time, when re-dec complete.

yes Digs but if you had compared it to its value in gold against the liquidity in Swedish Krone you would see the house has devalued 31.865201%.

Jonbvn

DiggerUK wrote: »

Digger Mansions 1 is going on the market as soon as it is cleaned and decorated.

I assume everything will be in sliver?:p

chewmylegoff

Before Northern Rock down to -10%

DiggerUK wrote: »

It's irrelevant whether Digger Mansions is in Bromley, Camberwell, Croydon, Forest Hill, Peckham or Woolwich. (alphabetical order)
The percentages are the same.
For us here at Digger Mansions, there is the property market before Northern Rock hit the rocks, and the property market after Northern Rock hit the rocks.

Hamish will have a real time exercise to deal with. Why should I lie about it's progress?

Eh?

Bromley -0.9% YoY
Bexley +8.1%
Southwark +4.7%
Greenwich +6.3%
Lewisham +9.3%

don't look the same to me, maybe my maths is worse than i thought...

PasturesNew

Before Northern Rock down to -10%

One house I know that sold at peak and was put on the market in late 2010 was listed at an asking price of 8.5% less than it'd been bought for 3.5 years before... and it seems to have disappeared, so probably withdrawn rather than sold.

DiggerUK

Pimperne1 wrote: »

Oh I think I get it. You bought in 2000 so you will be able to say something like "House prices have been trashed since NR - but I haven't suffered because I still made a considerable profit"?...

No, not my aim.
I just want to stiff it to those who say there is nothing to worry about.
There are some that are saying the economy has recovered 'ANR', I don't accept that for a second.

DiggerUK

chucky wrote: »

yes Digs but if you had compared it to its value in gold against the liquidity in Swedish Krone you would see the house has devalued 31.865201%.

Baiting will not be accepted on this thread. It is not a gold thread anyway.