Sanity About House Prices

chucknorris

Graham_Devon wrote: »

Probably already does!

I was thinking that myself too.

Loughton_Monkey

dryhat wrote: »

Go on then.

That would be interesting for any newcomers like myself.

Graham has demonstrated beyond all doubt he is in Group C.

He clearly demonstrates this by advocating that First Time Buyers want prices to go down. Personally, I think some potential first time buyers might want them to, those that have bought (i.e. FTB's) will tend to want their investment to go up.

zagfles

Turnbull2000 wrote: »

You can add politicians to group A

Yup. High house prices are massively beneficial to the govt. More inheritance tax, more assets to nick off people to pay for care home fees, and more votes off groups A & C!

ess0two

Group D.

I'd like the best possible price / valuation when re-mortgaging to get the best deals.

Otherwise group A when i come to sell.

zagfles

Loughton_Monkey wrote: »

Graham has demonstrated beyond all doubt he is in Group C.

He clearly demonstrates this by advocating that First Time Buyers want prices to go down. Personally, I think some potential first time buyers might want them to, those that have bought (i.e. FTB's) will tend to want their investment to go up.

Why? The first house I bought went down in value, and I was very glad because the second house I bought, at over twice the price, was correspondingly cheaper. I lost about £5k on the first house and saved about £10-15k on the second (compared to if prices had been static). Not to mention lower estate agents fees, stamp duty etc.

Mr._Pricklepants

GeorgeHowell wrote: »

GROUP B - PEOPLE WHO WANT HOUSE PRICES TO GO DOWN

1. Those who can't get on the housing ladder/their families who sympathise
2. Those hoping or needing to move upmarket

3. Those who bought half a house and need a crash to buy the other half, believing that by spamming the boards with continuous bad news stories, this will somehow be hastened. :cool:

ess0two

Mr._Pricklepants wrote: »

3. Those who bought half a house and need a crash to buy the other half, believing that by spamming the boards with continuous bad news stories, this will somehow be hastened. :cool:

Who'd be daft enough to buy half?

vivatifosi

As ess0two has already claimed group D, I'll claim group E. People who really aren't all that fussed provided any change isn't on a cataclysmic level.

Mr._Pricklepants

ess0two wrote: »

Who'd be daft enough to buy half?

Can't say more, my friend....the man and his army of sockies are keeping an eye on me....have to lay low for a while or else I'll end up like the legendary Renoman (R.I.P.), cowardly ambushed at M.S.E. Corral....

Loughton_Monkey

zagfles wrote: »

Why? The first house I bought went down in value, and I was very glad because the second house I bought, at over twice the price, was correspondingly cheaper. I lost about £5k on the first house and saved about £10-15k on the second (compared to if prices had been static). Not to mention lower estate agents fees, stamp duty etc.

You really are a mate of Graham aren't you?

So here's your preference. Buy a house at £100K. Sell it 3 years later at £95K. Buy a house that was worth £200K, but is now only worth £190K. That will require your original mortgage plus another £95K. The day after this, you are sitting on a house worth £190K.

Now I buy a similar house (say in the south where they are going up. You buy in the north where they are going down) at £100K. Sell it 3 years later at £105K. So because I want to keep exactly to your own outlay, I buy a house worth £200K using an additional £95K mortgage. Exactly the same as you.

Both of us have the same mortgage. But I live in a house worth £200K. You live in one worth £190K. You (and Graham) are the losers by £10K.

Brilliant!

.. large gin & tonics all round....