Bought a new build and may be price drops in neighbouring properties

CROWN_3

machofairy wrote: »

Cant help but chip in here....
A lot of posters are basically saying.... "tough" to the buyer.

Yes, that's true. But all of us here must be interested in buying or have bought a house, or we wouldnt be in this thread.

We wouldnt like it if it happened to us. But that's life and we move on. Best not to think about it and just enjoy your new house. In 10 - 15 years time, you'll be glad that you bought it when you see its value double.

Could I have the address and sales office details of these properties that are going to double in value please.

jimmyay

this is how terrible people on house price crash are,they;ll stoop so low.

QUOTE(It is different this time @ Jul 27 2007, 01:13 PM)


This thread is even better;
It is not selling so why not bump the price up. muppet




Don't be too sympathetic......!
Why don't we all ring the agent and put in offers circa 120K?

Then see what Kermit posts?!??! lol

Greenstuff_2

Hi Stu and all,

Out of interest is the law the same in Scotland as here in that 40% of all new developments over 15 have to be social housing?
(soon to be 50%)

jimmyay

and more HPC spamming the boards...


QUOTE(tara747 @ Jul 26 2007, 05:15 PM)
http://www.weddingsonline.ie/discussion/vi...pic.php?t=95554

Panic stations!!!




I just posted a link on money saving expert, doing my bit to spread the panic

Alan_M_2

Edale wrote: »

My original post was meant to highlight that it is not just FTBs and people who have bought at the height of the market that lose out. The developer may go bust and lose their own home due to the frothy housing market they banked on to make their profit.

It is hard to plan any business in an inflationary period and with developers financing costs alone rising 28% in 1 year, perhaps you are suggesting that all developers should pack up, then what would happen to house prices.

The developer will be running a Limited company minimum a PLC company in all likely hood, in which case if it goes bust, He'll lose nothing as He's simply an employee of a company, and it's likely He'll need a golden handshake for leaving.

The losers will be the shareholders, and the creditors (material suppliers).

Then the next Day, He'll start up again with a clean sheet and no debt having knocked everyone. Don't you just love capitalism:rotfl:

Edale

Alan_M wrote: »

The developer will be running a Limited company minimum a PLC company in all likely hood, in which case if it goes bust, He'll lose nothing as He's simply an employee of a company, and it's likely He'll need a golden handshake for leaving.

The losers will be the shareholders, and the creditors (material suppliers).

Then the next Day, He'll start up again with a clean sheet and no debt having knocked everyone. Don't you just love capitalism:rotfl:

'Small developer' hence not necessarily protected in the way you say. They may have had to put up director's guarantees and with a failed company may not be able just to start up again, especially with credit tightening. No income = no mortgage payments = no home!

Alan_M_2

Even a small developer will be a Limited company, He'd be clueless not to be.

The only thing stopping them from restarting the next day would be undischarged bankruptcy or an order precluding them from holding directorship on the grounds of fraud.

Even a small developer will be in the realms of Millions of pounds a year, directors guarantees simply don't occur or have any place at that level of funding.

They are after all my main customers. I see them come and go, and start up the next day regularly, but fortunately my line of business historically never provides credit, everything is paid for before it leaves my warehouse. That's why I have no problem dealing with any of them, they get no credit.

mystic_trev

:rotfl: :rotfl: :rotfl:

http://www.youtube.com/watch?v=jmHwre7CsNY&NR=1

Greenstuff_2

Put the house/mortgage/debts in one of your names, declare yourself bankrupt then the other half buys the house next door for half price next year.

Rover

Bruno !
I knew that had to be him before his name rolled on the end credits!

How much did he pay for that sh1thole pictured behind him, probably too much.
He also looked like he smelt badly