If you believe house prices are too high, would you sell me yours at 50% discount?

Blacklight

There's a lot of folk I see keep complaining that house prices are too high and that they wouldn't care if theirs lost half its value because it would be good for the kids etc, etc...

Well put your money where your mouth is. Can I but yours right now at 50% off? Think of it as an investment in the younger generation.

calicocat

Don't be silly.

Where do you envisage these people that may do this live??

I'm sure though that really you are aware that what they mean is that their house is a primarily a home.

That they aren't bothered if it makes money, but more concerned that it is paid off as soon as possible which then in turn leads to a better retirement etc.

System

Perhaps the problem is that houses are too well built, and last too long?
If they were built like cars, and pretty much scrap after 15 years, but cost a tenth of the price, people would see them as places to live and not as investments?

stator

Clifford_Pope wrote: »

Perhaps the problem is that houses are too well built, and last too long?
If they were built like cars, and pretty much scrap after 15 years, but cost a tenth of the price, people would see them as places to live and not as investments?

Unfortunately houses that were only built to last 10 years in the post war era are still around

[Deleted User]

stator wrote: »

Unfortunately houses that were only built to last 10 years in the post war era are still around

My 1955-built house is solid as hell - i expect it to be standing for many many more decades.

Unfortunately, my big-!!!! mortgage would stop me selling my house for 50% of its current value. It's so high, because I bought it from baby-boomers ;-)

Loughton_Monkey

Don't be silly.

Clifford_Pope wrote: »

Perhaps the problem is that houses are too well built, and last too long?
If they were built like cars, and pretty much scrap after 15 years, but cost a tenth of the price, people would see them as places to live and not as investments?

You have more or less described USA.

Particularly trailer parks.

Obviously, the people to whom you refer have something against assets that appreciate in value. There has always been the alternative of an asset (like a caravan, or mobile home) that doesn't appreciate. Surely this is just what they want? Just down their street? [but not down my street please].

ruggedtoast

Don't be silly.

Of course no one is going to sell you their house with half off, when they are then faced with paying full price everywhere else in the market.

What an impertinent question.

What I would like to see is house prices across the nation fall substantially. The idea that buying a property is some kind of cash machine to be accessed in retirement needs to stop.

The boomers on here are always telling us that they learned to stand on their own two feet so they wont mind using their own savings and investments to fund their retirement, rather than rinsing some poor young family for £250,000 to vacate the starter home they never moved out of.

They can give the nation another gift and hand back their free bus passes and winter fuel allowances too. Which are absurd unless they are means tested. They are shutting sure start centres all over the country and handing out flipping free travel to people with double garages and 3 cars.

chazsucks

I'd be happy to sell my house for 50% of what it's been valued at, if I could also buy a property at 50% of what it's valued at.

What would be the point selling your house for 50% discount only to have to find the extra money to pay full price for another house?!

calicocat

Don't be silly.

ruggedtoast wrote: »

Of course no one is going to sell you their house with half off, when they are then faced with paying full price everywhere else in the market.

What an impertinent question.

What I would like to see is house prices across the nation fall substantially. The idea that buying a property is some kind of cash machine to be accessed in retirement needs to stop.

The boomers on here are always telling us that they learned to stand on their own two feet so they wont mind using their own savings and investments to fund their retirement, rather than rinsing some poor young family for £250,000 to vacate the starter home they never moved out of.

They can give the nation another gift and hand back their free bus passes and winter fuel allowances too. Which are absurd unless they are means tested. They are shutting sure start centres all over the country and handing out flipping free travel to people with double garages and 3 cars.

Wow....

So much bitterness and resentment..!

Do you have parents and grandparents? The way you talk they would be put out of their house to accommodate you at the very least, in fact go the whole way and just shoot them all so you can have everything.

I'm not a boomer, but like it or not, they did work hard, and did do their up-most to be financially independent in retirement.

I do think it's hard for the young generation, but being a 'hater' just isn't going to make your situation any better, and will probably just hold you back.

Loughton_Monkey

Don't be silly.

ruggedtoast wrote: »

.....What I would like to see is house prices across the nation fall substantially.

Maybe they will. But they cannot do that without parallel financial implications. Would your job still be secure? Do you think your taxes would go up or down? Would there be any value left in your own pension pot?

I just cannot imagine the amount of whinging we'd get from you then. Far worse than now I would imagine.

ruggedtoast wrote: »

and handing out flipping free travel to people with double garages and 3 cars.

Confucious he say.....

"Don't knock boomer who is one garage short of a load. He good for economy. His car gets dirty so he spends lots of money paying the little Somalian boys down at Sainsbury's to wash it for him"

marleyboy

Don't be silly.

Not a prayer OP. We have only just bought our house, wont be selling this for a long time, even then it will only be if there is a good profit in it.

Offer me 150% of the cost and I might consider it.