London - House prices crash 20%

diable

Yep Argos have a sale on Wendy House's down from £50 to £40.








Sorry - In a funny mood today :rotfl:

RUN_RABBIT_RUN

35% off round my way - if you fancy a nice city retreat -

http://www.playhousesworld.co.uk/p/TGB_4ft_x_4ft_%281.22m_x_1.22m%29_Toddlers_Retreat.htm

chewmylegoff

diable wrote: »

Yep Argos have a sale on Wendy House's down from £50 to £40.








Sorry - In a funny mood today :rotfl:

Is this the Alt-A time bomb finally exploding?

In all seriousness I think you need a lesson in house price basics. Just because the selling price is 20% below the original asking price doesn't mean there has been a crash, it just means the seller held unrealistic expectations, and has had to adjust to reality.

Probably had no viewings for six months, and had to post a "house on market for 6 months - why won't it sell" thread on the other board, wading through tens of ridiculous replies about he photos being too dark before until it finally hit home that the Wendy house estate agents had given an over optimistic valuation to drum up business.

diable

chewmylegoff wrote: »

Is this the Alt-A time bomb finally exploding?

In all seriousness I think you need a lesson in house price basics. Just because the selling price is 20% below the original asking price doesn't mean there has been a crash, it just means the seller held unrealistic expectations, and has had to adjust to reality.

Probably had no viewings for six months, and had to post a "house on market for 6 months - why won't it sell" thread on the other board, wading through tens of ridiculous replies about he photos being too dark before until it finally hit home that the Wendy house estate agents had given an over optimistic valuation to drum up business.

It's crashed, the delivery lorry run in to the store.

James_N

diable wrote: »

Yep Argos have a sale on Wendy House's down from £50 to £40.








Sorry - In a funny mood today :rotfl:

Brit's chance to buy - CAN you buy at Argos with only a paypal account?

wotsthat

I'm selling up now before Brit's ripple effect wipes me out.

It's Wendy Houses now but that's just the start. The ripple will cause the price of tents to fall, then camper vans, garden sheds and, before you know it, it'll lead to £54m London apartments halving in value.

Of course, it's early days.

RUN_RABBIT_RUN

James_N wrote: »

Brit's chance to buy - CAN you buy at Argos with only a paypal account?

well they don't do any checks for people telling fibs on the electoral roll so he should be alright