Debate House Prices


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'We've reached a tipping point' Signs of house price weakness

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    The only time 81/1 is listed in sold properties is 2006 so I'm not sure what you are getting at.


    81 comes up for 2004, same block different flat? How much different though? Extra twigs maybe, more magnolia, just a little bit "special", who knows.
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Blooloo wrote: »
    so far.

    Anyone would think winning was what everyone in the BTL game has done.

    Its what mortgage sellers want you to beleive.

    Its what the housing market course sellers want you to beleive.

    It isnt true for many..



    Perhaps it isn't true of many, but we are not responsible for their finances, only ours. It isn't so much what others believe, it is what I know, and that is that we now have more than we can spend before we die, so we will be retiring quite soon.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    81 comes up for 2004, same block different flat? How much different though? Extra twigs maybe, more magnolia, just a little bit "special", who knows.

    That doesn't mean it's worth the same 81/3 sold for £86k in 2005, 81/11 sold for £110k in 2006.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    That doesn't mean it's worth the same 81/3 sold for £86k in 2005, 81/11 sold for £110k in 2006.


    It is worth what someone is willing/able to pay/borrow for it, and as your examples from the link show, we have reached a Tipping Point, a point of weakness in the UK housing market.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    It is worth what someone is willing/able to pay/borrow for it, and as your examples from the link show, we have reached a Tipping Point, a point of weakness in the UK housing market.

    So you admit that you have no idea what that flat would have sold for on 2004 I would suggest less than £69k.
  • Blooloo
    Blooloo Posts: 126 Forumite
    ukcarper wrote: »
    I lived just outside London before I first bought in the 70s I was earning a lot more than the equivalent of £26k and had to move 20 miles further out to buy.
    so you would have to move a LOT further out now.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Blooloo wrote: »
    so you would have to move a LOT further out now.

    No I could still buy where I am mind you prices were very high in 1972 wham I bought.
  • saguk1234
    saguk1234 Posts: 64 Forumite
    Crashy_Time wrote: »
    You are really emotionally invested in HPI aren`t you?

    They all are!
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    saguk1234 wrote: »
    They all are!

    You really don't get it do you.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    You are really emotionally invested in HPI aren`t you?

    Can you explain how you come to that childish conclusion.
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