house prices DOWN 6.2% in a month!!! (in South East)

RenovationMan

Jimmy_31 wrote: »

I want to live in a certain part of the north, the part i want to live in has crashed and is showing zero signs of recovery.

A 2 bed new build penthouse apartment in the next town to me is currently up for sale for 55k, no takers for the last 3 months according to propertybee. These were selling for over 150k during the boom.

Ex council 3 bed semis are now coming on at around 50 to 80k and 2 bed terraces are around 60k.

All we need now is jobs:)

Was it Ashton-u-lyne? I can't remember. Very close to me Nr Oldham.

As aside, would you not be better off buying in an area with better employment prospects if things are so bad in your specified area?

nollag2006

RenovationMan wrote: »

As aside, would you not be better off buying in an area with better employment prospects?

That would involve Jimmy moving away from his mum though, and she wouldn't like that.

Jimbo, are you still holding out for a new drill from Father Christmas? I hear Asda have some lovely Fisher Price ones that might suit!!

Oh, the irony of a 30 something man who lives at home with his mum lecturing others on the UK property market

Comedy gold

:rotfl:

nollag2006

Must be passed Jimbo's bedtime. Night night Jimmy! Hope mummy tucks you in well

FTBFun

nollag2006 wrote: »

Yes you can - perfectly legal to flip a PPR, so long as you reside in it for a period of time (which can be just a day).

I know i've done planning on all this for clients recently.

I did say "that you've never lived in".

Jimmy_31

RenovationMan wrote: »

Was it Ashton-u-lyne? I can't remember. Very close to me Nr Oldham.

As aside, would you not be better off buying in an area with better employment prospects if things are so bad in your specified area?

No not ashton-u-lyne or oldham.

Im currently doing a 90 mile round trip to the site im on, but in the new year i could be doing a 90 mile round trip in the opposite direction so i wouldnt gain anything.

Lots of the construction firms in the north west are trying everything they can to get rid of existing employees so they can then use subbys. Not many of the firms tell the truth in regards to how long they have work for you, they usually say there is definitely 6 months work for you here and then you go and have a look at the site and see that its a week from handover and the firm cant get anybody to finish off the snagging for them.

I could never base a house purchase on what i get told by these firms.

Jimmy_31

nollag2006 wrote: »

That would involve Jimmy moving away from his mum though, and she wouldn't like that.

Jimbo, are you still holding out for a new drill from Father Christmas? I hear Asda have some lovely Fisher Price ones that might suit!!

Oh, the irony of a 30 something man who lives at home with his mum lecturing others on the UK property market

Comedy gold

:rotfl:

My story is quite simple beryl.

When i reached the age where i had money to pay a mortgage house prices had become a joke.

I said to myself there is no fcukin way im paying that for that house.

I carried on working and saving a bit and now its looking like ill be able to buy one outright with no mortgage.

Lecture over.

RenovationMan

Jimmy_31 wrote: »

No not ashton-u-lyne or oldham.

Close by though, and from the info on the various indexes, house prices seem to be pretty stable in the north manchester area.

dickmysuck

ukcarper wrote: »

There we have it the two extremes one is convinced prices are going to rise and one fall. I’m not sure how either of them can be so confident the only thing I’ve learnt over 40 years of property owning is that anything can happen.

There are not many left with Hamish who think prices can rise from here. Everyone agrees down from here in the mid term but something a lot some think a little. No way can go up in the mid term.

RenovationMan

DervProf wrote: »

Eh ?

I simply said that there was nothing astounding about what Rightmove said, not that the price of tinned Tuna was up 3p in Asda last week..

Well if you were really saying that, then why not 'quote' the OP instead of my post. Nah, we both know what you were doing.

DervProf wrote: »

If you are going to pick me up on something I type, then please make sure your point is valid old chap.

Perhaps you should take your own advice and then you wouldn't keep getting such humiliating slapdowns?

ukcarper

dickmysuck wrote: »

There are not many left with Hamish who think prices can rise from here. Everyone agrees down from here in the mid term but something a lot some think a little. No way can go up in the mid term.

I'm not sure Hamish thinks prices are going to rise in the short term and regarding mid term that depends on your definition of mid term. But the posters I was referring too either said definite 30% nominal falls next year or large increases.