Houses prices rise again.

DervProf

Percy1983 wrote: »

Not sure about rises locally, there seems to be a small movement upwards but this is after a crash.

I must say was never waiting for a crash I was clearing debts and saving, while doing that prices crashed and by sheer luck I bought at the bottom if they do go up.

PS I don't want them to go up and I am quite happy for them to reduce further.

Nice to see a fair-minded and less selfish poster on this board.

I'm not quite sure you'll really be happy to see prices reduce further, if you are being absolutely honest. Early on in the life of a mortgage, it is probably better for you if prices remain at least stable. Having said that, you are obviously enlightened enough to release that the value of you property reducing is certainly not the end of the world, and is very likely to have any serious impact on your finances as long as you keep paying your mortgage.

Percy1983

DervProf wrote: »

Nice to see a fair-minded and less selfish poster on this board.

I'm not quite sure you'll really be happy to see prices reduce further, if you are being absolutely honest. Early on in the life of a mortgage, it is probably better for you if prices remain at least stable. Having said that, you are obviously enlightened enough to release that the value of you property reducing is certainly not the end of the world, and is very likely to have any serious impact on your finances as long as you keep paying your mortgage.

I agree I would rather they remain stable from a point of view of remortgaging at the end of my fix, but I can see the greater good if they come down further.

You hit the the nail on the head, my mortgage is less than renting and it will remain that way even if my property value drops.

Maybe I am looking at this in a simple way, but I bought it as a home not an investment.

ukcarper

suburbanwifey wrote: »

I guess it all depends on the need to sell and how quickly one has to sell as to if it is worthwhile or necessary to sell below asking price.

I’m not sure where you live but I live in the south east and not on or anywhere near a sink estate and the houses I’ve checked on near me have all sold below asking price. Have you compare sold prices with asking prices.

crash123

suburbanwifey wrote: »

You'll always get repos in poor areas, repos happened during the boom. There are always some who fail to pay or cannot pay, that's the nature of life.

I live in Yorkshires Golden Triangle which is not a poor area BUT we have repos. Currently about 1 a week advertised in the local property guide.
One on my street sold for less than it was bought for in 2004.

Jimmy_31

GIVEN_UP wrote: »

Hi Sibley, I remember you from that other website. Did they ban you as I've not seen you post over there for a good while. As a FTB I am now kicking myself that I did not listen to your advices while you posted over there however foolishly I let myself get brainwashed and indoctrinated by a bunch of socially inept losers wishing misery on anyone successful. Please accept my apologies if I ever insulted you over there.

You say you let yourself get brainwashed and indoctrinated by a bunch of socially inept losers.

I say........well i dont need to say anything really as you have just taken the pi55 out of yourself.

Jimmy_31

GIVEN_UP wrote: »

Hi Jimmy, I notice that many people refer to you as still living at your mums. If so can I ask what age you are as most of your posts come across like you are possibly middle-aged but yet not worldly-wise? I'm most likely younger than you are yet I stand on my own two feet like a real man. I'd never ever consider burdening others with my presence into my mid-thirties.

Im 48 but still feel 30 to be honest.

You stand on your own 2 feet like a real man......was this before or after some socially inept losers on the internet tricked you into not buying a house ?

Jimmy_31

quantic wrote: »

Does 80k - 60k = 30k, these days?

It does when you are taking the pi55.

suburbanwifey

ukcarper wrote: »

I’m not sure where you live but I live in the south east and not on or anywhere near a sink estate and the houses I’ve checked on near me have all sold below asking price. Have you compare sold prices with asking prices.

No, I haven't, that's a good point so I'll have a look at that later today. Valid point, one worth looking in to. I live in Scotland though, so maybe its due to the South East generally being more expensive anyway? I suppose the more expensive the area, the more likely there are for sales to be completed at below asking price. I live in a beautiful rural area of Scotland and thankfully prices remained stable throughout the whole of the uncertainty in many parts of England and instead of dropping, have continued to rise steadily, so that may be a factor also, the fact I am in Scotland rather than SE England.

suburbanwifey

crash123 wrote: »

I live in Yorkshires Golden Triangle which is not a poor area BUT we have repos. Currently about 1 a week advertised in the local property guide.
One on my street sold for less than it was bought for in 2004.

I'm surprised and quite shocked by that, your area of Yorkshire is very desirable and I wouldn't have expected that.

ukcarper

suburbanwifey wrote: »

No, I haven't, that's a good point so I'll have a look at that later today. Valid point, one worth looking in to. I live in Scotland though, so maybe its due to the South East generally being more expensive anyway? I suppose the more expensive the area, the more likely there are for sales to be completed at below asking price. I live in a beautiful rural area of Scotland and thankfully prices remained stable throughout the whole of the uncertainty in many parts of England and instead of dropping, have continued to rise steadily, so that may be a factor also, the fact I am in Scotland rather than SE England.

Isn’t the selling process different in Scotland?