Houses round my way are selling for high prices and like hot cakes

Graham_Devon

Itismehonest wrote: »

Actually, OP, you haven't made a penny until you've sold the house & pocketed the money.

Ahhh, this is where you are wrong. It's called the wealth effect. rugged feels 10x richer than you, and therefore can afford pretty much whatever he likes without worrying about it.

For example. I enjoyed a Loch Lamond Pret et Salmon sandwich instead of Tuna one last time I saw prices in the south west had risen 0.34%.

ruggedtoast

Graham_Devon wrote: »

Ahhh, this is where you are wrong. It's called the wealth effect. rugged feels 10x richer than you, and therefore can afford pretty much whatever he likes without worrying about it.

For example. I enjoyed a Loch Lamond Pret et Salmon sandwich instead of Tuna one last time I saw prices in the south west had risen 0.34%.

I still don't have any money, there's nothing left from my salary after the mortgage lender and mrs toast and the little toaster have had their cut; but I find the thought that my house equity is swelling like a giant mushroom while I do nothing whatsoever, immensely gratifying.

I genuinely am really happy for myself.

shortchanged_2

ruggedtoast wrote: »

I still don't have any money, there's nothing left from my salary after the mortgage lender and mrs toast and the little toaster have had their cut; but I find the thought that my house equity is swelling like a giant mushroom while I do nothing whatsoever, immensely gratifying.

I genuinely am really happy for myself.

Go on, go out and treat yourself to that new 50" LED 3D TV.

You have the wealth, now spend it.

Itismehonest

Graham_Devon wrote: »

Ahhh, this is where you are wrong. It's called the wealth effect. rugged feels 10x richer than you, and therefore can afford pretty much whatever he likes without worrying about it.

For example. I enjoyed a Loch Lamond Pret et Salmon sandwich instead of Tuna one last time I saw prices in the south west had risen 0.34%.

:rotfl:
That pre-supposes that ruggedtoast has a property worth more than mine, doesn't it?

The way I see it is that rugged's house, or anyone in a similar situation, may have gone up in value but, should he wish to move on & stay in the same part of the world, so will most of the other houses. All the home owners may be sitting back & thinking "Yeessss" until they work out how much more the next place will cost them.

I hope the Loch Lamond salmon was wild not farmed - farmed salmon is sooooooo plebeian

ruggedtoast

Itismehonest wrote: »

:rotfl:
That pre-supposes that ruggedtoast has a property worth more than mine, doesn't it?

The way I see it is that rugged's house, or anyone in a similar situation, may have gone up in value but, should he wish to move on & stay in the same part of the world, so will most of the other houses. All the home owners may be sitting back & thinking "Yeessss" until they work out how much more the next place will cost them.

I hope the Loch Lamond salmon was wild not farmed - farmed salmon is sooooooo plebeian

I think you are failing to recognise the salient part of my post. I bought my house from a distressed and f e c k l e s s boomer, and now I am reaping the dual benefit of my canny bargaining and local house price inflation; it appears the neighbourhood became much more desirable when I moved in.

By golly reading Rightmove puts some pep in my pecker these days.

Itismehonest

You are right. I missed to boomer jibe.
Strangely, f ecklessness isn't confined to any one age group.
I own outright but take no joy in other people's downfalls so, when interest rates go up, I hope you are still in a position to feel the same way you do now.

Jimmy_31

Joeskeppi wrote: »

3 houses I was interested in went under offer last week. This is going to be harder than I expected.

300 houses i am interested in still havent recieved an offer on them, this is going to be easier than i expected.

Jimmy_31

NextLegUpIsTheBig0ne wrote: »

Houses round our way are going under offer for asking price and completing within weeks. Certainly looks like weve turned the corner.

Put some more effort into it.

ruggedtoast

Itismehonest wrote: »

You are right. I missed to boomer jibe.
Strangely, f ecklessness isn't confined to any one age group.
I own outright but take no joy in other people's downfalls so, when interest rates go up, I hope you are still in a position to feel the same way you do now.

I take no pleasure from anothers distress, they got the price they needed, and I got the price I wanted to pay.

They were distressed and f e c k l e s s boomers though, this is merely an accurate description.

Graham_Devon

jimmy_31 wrote: »

300 houses i am interested in still havent recieved an offer on them, this is going to be easier than i expected.

300!?!??!?