We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
First Time Buyers Stuck In Unsuitable Flats
PaulF81
Posts: 1,727 Forumite
http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/9108336/First-time-sellers-find-themselves-stuck-in-unsuitable-flats.html
Should have saved a bigger deposit during the boom years, then could have cashed in on a 30% fall in prices during 2010. :rotfl:
Anyone buying one of these flats outside london is in deep doo-doo.
A survey by Lloyds TSB found that "second steppers", those who have a first home to sell and who want to move up the ladder, are increasingly stuck in unsuitable accommodation. Many bought at the peak of the market in 2007, and may have negative equity to cope with as well as a lack of buyers and difficulty meeting moving costs.
The figures show that the majority of these would-be movers have been stuck on the property ladder for 12 months. Some will have had children in the intervening time and feel that they are stuck in unsuitable accommodation. One in five of them now believes that it is harder to move up the housing ladder than to get on it in the first place.
Should have saved a bigger deposit during the boom years, then could have cashed in on a 30% fall in prices during 2010. :rotfl:
Anyone buying one of these flats outside london is in deep doo-doo.
0
Comments
-
Unfortunately the result of hopes and dreams caused by rampant HPI and the mistaken philosophy that house prices only ever go up.0
-
Sheeple pure and simple.0
-
a 30% fall in prices during 2010.
Prices rose in 2009, stagnated in 2010, and stagnated in 2011.
They did fall in 2008, but not by 30%.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Want to tell me how I bought 30% off the previous sale price then Hamish?0
-
Want to tell me how I bought 30% off the previous sale price then Hamish?
You live in a sh1thole.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
5 bed detatched, rural, 1 acre of property.
No porridge munchers and a good local country pub.
Bit of a bite there Hamish, you sure you havent lost equity on your bothy?0 -
it's the internet, everyone gets 30% off the previous sold price at the very minimum.
i recently bought van gogh's sunflowers for £500. looks nice on the wall of my 3 storey chelsea townhouse which i won in a game of charades.0 -
HAMISH_MCTAVISH wrote: »Prices rose in 2009, stagnated in 2010,and stagnated in 2011.
They did fall in 2008, but not by 30%.
Hamish why are you rewriting history, you know they fell in 2011. I also think they fell a bit in 2010.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
0 -
Want to tell me how I bought 30% off the previous sale price then Hamish?
Sounds like a great discount, well done on bagging such a bargain and especially on a house at the upper end of the housing market!
You should post a link to show the mouseprice (or whatever tool it was that showed previous sales prices) valuation on your home and the land registry sale price. That'd show Hamish. :mad:
I'm going to sit on the forum all day and night if I have to until you post these links because I want to be here when Hamish gives a grovelling apology!
0 -
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards