If You STILL Haven't Bought a Property ..

andybenw

madnessofBruno wrote: »

On these walks, do you still chat to friendly estate agents?
I mentioned on a previous thread even in the lovely North Devon (Bideford). We have houses coming down to 2005 level and below.
I have spoken to the agent, you can buy this from the landlord for £138,000 (marketed @ £145,000)
http://www.rightmove.co.uk/property-for-sale/property-34775654.html

QUOTE]


Round my area (Portsmouth) prices are around 2005 levels.

However, I am also seeing quite a few more sold signs around than previously.

I wonder if higher FTB savings combined with lower prices means we are now reaching the levels where they are able to buy again. Also, there will be those who have been holding off waiting for a crash who will have seen the stagnation and just given in and bought.

My prediction is more stagnation for the next couple of years, but during this time a steady rise in transaction levels. Not withstanding another crunch of course which would result in probably another re-adjustment of prices.

ess0two

madnessofBruno wrote: »

On these walks, do you still chat to friendly estate agents?
I mentioned on a previous thread even in the lovely North Devon (Bideford). We have houses coming down to 2005 level and below.
I have spoken to the agent, you can buy this from the landlord for £138,000 (marketed @ £145,000)
http://www.rightmove.co.uk/property-for-sale/property-34775654.html


History


Would you care to share your genuine location (bedsit)?

And theres devon telling us property is too expensive down there.

wotsthat

ess0two wrote: »

And theres devon telling us property is too expensive down there.

It's probably the part of Bideford where all the druggies and prossies live - you know what it's like down there when these affordable properties turn up on rightmove.

Looks like they've got an aspiring writer in the estate agents though.

The Victorian novelist Charles Kingsley described Bideford as The Little White Town which slopes upward from its broad river tide. Indeed, little has changed from when Kingsley lived in the area nearly 150 years ago and much of its architecture and historic associations are still there.

Probably means you need to s**t in a bucket and throw it on the street.

madnessofBruno

wotsthat wrote: »

It's probably the part of Bideford where all the druggies and prossies live - you know what it's like down there when these affordable properties turn up on rightmove.

It's a typical estate housing, nice enough walk into town if you like hills.
How about this one from my list, a small bungalow 16 Gatefield Rd Bideford.
On the market for £145.000, The agent and the vendors bank will proceed at offers under £140.000.
http://www.rightmove.co.uk/property-for-sale/property-35458127.html

16/03/2006
Property Sold For £160,000

14/03/2002
Property Sold For £94,000

Jimmy_31

MrRee wrote: »

I don't read Newspapers, unlike you, nembot.

No, I walk around with my eyes open and my ears working.

I do not see poverty. Yes - I see people complaining that they cannot buy a new JetSki this year - or a new 55" Plasma TV ... that, in my book, is not hardship at all.

Houses have SOLD signs outside, hardly anything new is coming to the market, anything that is gets snapped up within hours.

2 people in my office have just ordered new cars, one has bought a new touring caravan, another has just bought a little cottage in a village in the West Country, for weekends.

Don't tell me times are tough ........ from where I'm sitting (and most other people in the UK I'd wager) it's all roses.

We need differing views of the same thing on these boards - wouldn't it be boring if we were all doom and gloom merchants (in fact, wouldn't it be a very sad existance to be thinking so negative?).

Maybe being negative brings negative things?

You may actually have a point for once as my mate yozzer has just purchased a monkey bike (second hand), and is now planning a camping weekend away in the north west country.

Maybe being positive brings positive things.

I always said prices would crash:)

gailey_2

I think 2things

if you surround yourself with fairly well off and all your freinds/family are and you have a very narrow social circle then you may infact live in a little bubble never god forbid meeting a poor person-mr rees tennants spring to mind!

Mr ree as he reminds us hes in the affluent south london/essex my guess as he never specifies a specific location.
But not all down south is rosy remember seeing a secret millionaire in dagenham.
Its true south east wages higher but so are costs of living.

I used to live in bath perceived as very affluent but everywhere you turned was homeless people and some areas of bath most deprived in uk!

Same for any town/city some areas will hold their prices others will go down.

My mams been trying to sell her property for last 2years but is small southwales town hardly any fulltime jobs or infrastructure and prices far too high so the area has stalled tonnes on market but not much selling.

Think the top end of market maybe doing well as people with money will always have money and buy big properties.
its the people wanting to get on the ladder and people wanting to move up facing the problems.

House prices have been and always have had regional variances everyone knows that.

Mr ree I suggest you benefit from mse best you can and look at other boards open your eyes and realise yes there are problems and not everyones as fortunate as you, on oldstyle you see people who cant afford to do a foodshop might bring you back down to earth!

MrRee_2

shortchanged wrote: »

I'll ask you the same question I asked you on another thread MrRee that you failed to answer.

If the market is so buoyant where you are, why the lack of supply?

A lack of supply indicates a lack of confidence in the market, so why are there now no houses for sale where you are?

You will forgive me for thinking that you are taking the mickey - you cannot be that stupid ...... but, go on, I'll go along with it:-

Let me see now, how to put this really simply so that you understand ....... why would anyone put their house up for sale if there was nowhere else to buy????????????

So, no supply = no point putting ones own place on the market = no supply = etc.

The only property coming to the market are forced sales, Death, Divorce and Debt.

And, I can tell you now, these are sensibly priced and get snapped up within hours - some are sold before they even reach the market!! I have noticed SOLD signs going up and enquired at the EA why I had not seen the advert ....... I am told that there are people waiting.

I'm not even on the waiting lists, it seems!! Just the EA's mates and developers/builders.

Which I'm not too happy about to be frank!!

Anyway ...... anyone hoping for a 2009 bargain price round here are 2 years too late.

And, my advice to you in the North is that this situation will evolve up there within 8 months ..... spring 2012 you will wish you bought today (while others were sitting on their hands).

That's the best FREE advice you will get .... consider it an early Xmas present for you - you're welcome.

MrRee_2

gailey wrote: »

Mr ree I suggest you benefit from mse best you can and look at other boards open your eyes and realise yes there are problems and not everyones as fortunate as you, on oldstyle you see people who cant afford to do a foodshop might bring you back down to earth!

Thank you for your excellent contribution to the thread, I note your very good points - but would like to pull the above out for comment.

To answer your suggestion above I need to fill in some of my background and where I am coming from ......

I lived in the North for the first part of my life, times were tough - really tough.

I cut my knees on the cobblestones which made up the back streets of Middlesbrough.

Moving down South in a desperate attempt to better myself, I struggled with the difference in the cost of living - in fact, I was in so much debt 45 years ago that I had to sell my old car and walk!!

No TV, no heating, no XBOX, no mobile phone contract. nothing of the things today are considered absolute minimums!!

So, now, due to hard work and the wise use of available funds I am rather well off.

I know what it's like to be really poor and I know what I had to do to pull myself around ..... I can talk with authority on both walks of life.

Maybe I am detached from the poor side of life these days - but, as long as those complaining that they cannot put food on the table, smoke, drink, have a mobile and TV and car ... I'm afraid I cannot take them seriously!!

Very few people on here are really poor ....... how do I know that? Well, who is paying for their internet use??? Yeah, odd isn't it?

ILW

Bet all them council tenants are glad they didnt buy a year or two ago. They are now going to get massive discounts.

MrRee_2

Very true ...... I'm not sure I agree with the Council House sell off ........ it lifts those up the housing ladder - those who wouldn't have achieved it otherwise (through graft and intelligence).

Because, let's face it - they sell as soon as they can at a massive profit .......