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Debate House Prices


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How long can EAs survive?

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Comments

  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    Pimperne1 wrote: »
    Although if someone has had the nouseto buy a place that gets that kind of rent then they probably think they don't need some spotty EA to manage it for them.

    Trouble is, I did when I was living 8,000 miles away!
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    Loughton_Monkey wrote: »
    Trouble is, I did when I was living 8,000 miles away!

    Absolutely essential then.
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    Loughton_Monkey wrote: »
    I've noticed that whereas, about 6 months ago, virtually all my local EA's were sitting there - empty shops - one (or maybe two) people there head on hand, other hand on mouse, presumably twittering their friends or whatever.

    Now, I find 4 or more in most of them - and I've even seen a few of them on the phone....

    I've put this down to the 'killing' they're all making on rents. Sandwich Boards outside "Are you getting the correct rent? Come in and check...."

    Rents round this area £24K plus.... [at least that's right for 2001. Probably more, now]. That's £3,600 a year.

    Gin & Tonics all round....

    Hate these rough calculations myself but sometimes there's no alternative. According to Rightmove there are about 340 houses for sale in Loughton but when you take into account STC there are around 550. The market seem to be doing okay up there. Not too many getting the big rent you describe though (you must live in a posh area!).
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Pimperne1 wrote: »
    ... (you must live in a posh area!).
    It's my experience that the average user in this part of the board is poshser than average. Probably twice as posh as average. Household incomes like big casino winnings.
  • The_White_Horse
    The_White_Horse Posts: 3,315 Forumite
    after a nuclear holocaust only the cockroaches survive. so they'll probably be around for quite a while.
  • vikingaero
    vikingaero Posts: 10,920 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Some properties don't even make Right Move. A house in my cul-de-sac had a For Sale board put up at 8am, was viewed sometime in the morning and by 2pm had a Sold sign over it.
    The man without a signature.
  • Kennyboy66
    Kennyboy66 Posts: 939 Forumite
    Generali wrote: »
    I guess the chains get propped up by the owners and the indies go to the wall.

    the opposite I would say.

    the big players (Countrywide, LSL / Halifax) usually burdened with debt, close branches, whilst owners of independents ride it out.
    US housing: it's not a bubble - Moneyweek Dec 12, 2005
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