First Time Buyers - Enough is Enough!

carpetbelly

Well, I never saw certain global situations coming to a head. I'm a realist and if I am wrong I am more than happy to hold my hand up and admit my mistake. But as for being a bullish bull... Well, I aways just tried to say it as I saw it. I never saw such a drop coming, I always thought the market would just stagnate. But then I still believe in the advice I generally used to give, which was if you're going to buy a house you just have to look at your individual circumstances and see if it was right for you. Especially in the last few months I think I've generally said don't bother unless it's your dream house as a dream house, well, that's got to be worth it hasn't it

As for the house price, well, the original price in 1995 on the LR was £255k. What are you meant to do at that price? I mean, the valuations we got were around the £275k mark and in todays market and with stamp duty who would really pay more than £250k? The most realistic EA did turn round and suggest it gets marketed at that rather than the 275 the others were saying. I suggested it to the family to. And even then, it's marketed at the 250k mark so we'll obviously get offers under that to. So someone will get a house for prob nearer 1991 prices lol.

It's a bit of an individual property near Lincoln to and has like no neighbours for a couple of miles around and with a small stable area. So would have to appeal to a certain type of person. And with the area it's in it didn't really ever gain the amounts that some of the properties in other areas gained. For a quick sale it just needs to be realistic. And to market it at 250k is realistic and the 1995 price. I find it silly personally but silly sellers won't get anything but a property to hold onto for a while. At least the misses and her bros have a chance to sell and someone else to get quite a bargin

carpetbelly

Californication wrote: »

But in real or nominal terms? :-)

shhhh, I already admitted I was wrong on one part... let me loosely hang on to the idea I might have had at least the other part right

Woby_Tide

is it my imagination or did Nelly. who in 2005 proclaimed that anyone buying a house then was an idiot, buy a house in 2007?

dougk_2

Well if thats the case Nelly actually confirmed what I always thought he was!

HammersFan

carolt wrote: »

:eek:

Still, plenty of bulls in denial out there. Wonder how long till HammersFan etc admit they had it wrong?

Thought I'd pick up the baton / bait. End of last year I predicted a 2-3% rise in prices on Land Registry figures between end 2007 and end 2008. I don't think I am going to be more than 4% out - but time will tell I guess. I still don't think there is going to be the fall off a cliff many are hoping for (really depends on whether we dodge a recession, signs of credit already loosening up again - note I am not saying that is a good thing).

geoffky

hammersfan you said a lot more than that.....remember you were wrong and said no way would prices fall.........:rotfl:remember our little spars:T
i think you might be 20% out by the end of the year..

HammersFan

geoffky wrote: »

hammersfan you said a lot more than that.....remember you were wrong and said no way would prices fall.........:rotfl:remember our little spars:T
i think you might be 20% out by the end of the year..

Ah hello again. At least you manage to avoid dishing out nasty insults this time. You getting abusive isnt sparring - it is you getting abusive.

Lets see at the end of the year. 20% fall on Land Registry just aint gonna happen old fruit.