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Debate House Prices


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BOE's prority must be preventing another housing boom.

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Comments

  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Jimmy_31 wrote: »
    You think they would be snapping them up then wouldnt you.

    They would be snapping then up at twice the price where I am
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    ukcarper wrote: »
    I must admit I’m baffled when jimmy says property is over valued when someone on minimum wage could buy a town centre apartment with a 10% deposit and a 3x salary mortgage.

    Where Jimmy lives 100k apartments are currently for sale at 40k.
    Official MR B fan club,dont go............................
  • Jimmy_31
    Jimmy_31 Posts: 2,170 Forumite
    ukcarper wrote: »
    They would be snapping then up at twice the price where I am

    Must be plenty of jobs round your way then.
  • Jimmy_31
    Jimmy_31 Posts: 2,170 Forumite
    ess0two wrote: »
    Where Jimmy lives 100k apartments are currently for sale at 40k.

    One is up for 35k, i suspect this one may have started off at 90k.

    The penthouse apartment sold a while back for 55k.

    Penthouse :rotfl:
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    nearlynew wrote: »
    All they are is glorified salesmen. And like all salesmen, all they want to do is close the sale.

    To be fair to them and the industry they represent. That's how they make a living.
  • yertiz_2
    yertiz_2 Posts: 252 Forumite
    Tenth Anniversary Combo Breaker
    DpchMd wrote: »
    Minimum wage = ~£11.5k gross

    3 x salary mortgage = £34.5k

    So you're saying someone can buy a town centre apartment for less than £40k?

    Did I miss some sarcasm?

    Blimey if property were that cheap around here someone on MW would'nt get a look in, all the EA's and their buddies would be snapping them up!
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 11 April 2012 at 7:41PM
    Jimmy_31 wrote: »
    Must be plenty of jobs round your way then.

    Not as many as there used to be but a lot better than where you are.
  • DpchMd
    DpchMd Posts: 540 Forumite
    Jimmy_31 wrote: »
    One is up for 35k, i suspect this one may have started off at 90k.

    The penthouse apartment sold a while back for 55k.

    Penthouse :rotfl:

    Do you have a link?

    I'm guessing you don't.
    "Beware of little expenses. A small leak will sink a great ship." - Benjamin Franklin
  • Jimmy_31
    Jimmy_31 Posts: 2,170 Forumite
    DpchMd wrote: »
    Do you have a link?

    I'm guessing you don't.

    Good guess.
  • DpchMd
    DpchMd Posts: 540 Forumite
    Jimmy_31 wrote: »
    Good guess.

    Is that because those properties don't exist?


    Do you need to borrow some of my meds?
    "Beware of little expenses. A small leak will sink a great ship." - Benjamin Franklin
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