HPC On Here Trying To Cause Panic

Clutterfree

mildredalien wrote: »

There's never any proof that houses are worth any specific value, except what one or more people are prepared to pay for them. A house can plummet in value if no-one wants to buy it.

We pulled out of a house purchase because while we thought the house was in reasonable condition the survey revealed that it really wasn't. It was 'worth' one price to us when we made the offer, but it was worth a lot less to us when the extent of the problems were revealed.

Personally I'm hoping things stabilise rather than crash, we want a home to live in for a number of years not a financial investment. If we were mid-purchase I would imagine we would continue with it rather than pull out. As it is we aren't so we'll likely hang fire on making any offers until we know how things go over the next couple of weeks.

Exactly! The house we are buying is still worth to us the same as it was 2 days ago.

Like you said, if it had a bad survey then that's a totally different scenario.

Brexit has not made the house worth any less "to us".

mildredalien

Clutterfree wrote: »

Exactly! The house we are buying is still worth to us the same as it was 2 days ago.

Like you said, if it had a bad survey then that's a totally different scenario.

Brexit has not made the house worth any less "to us".

Then you're fine I'm sure many buyers will decide that their house is still affordable and worth what they are paying and want to continue.

DRP

I'd be nervous if buy too.

But there are loads of supply & demand factors to consider, but less availability of mortgages, and more people sitting tight, will reduce supply - which will have a balancing effect.

Additionally housebuilders may scale back their building projects too.

As always, if you thin medium to long term, and are buying a home for comfort and stability - shouldn't be a problem.

Clutterfree

mildredalien wrote: »

Then you're fine I'm sure many buyers will decide that their house is still affordable and worth what they are paying and want to continue.

Unfortunately, we are only fine if the rest of the buyers in our chain below us have the same view. Time will tell...

Bossworld

I'm still planning to buy on the proviso my buyers are too.

Bossypants

I am still planning on going ahead, assuming that the survey and valuation come back okay in the next week or two.

Marvel1

theEnd wrote: »

If you were about to exchange, would you go through with it?

I wouldn't, it happened to me once in 2007/2008.

ixwood

iantojones40 wrote: »

Blimey ixwood you certainly seem to be panicking about any potential drop in prices.

Nope, not at all. If anything, a drop in prices would help me upsize.

I just don't think it's right that a bunch of pathetic, bitter, whining failures try to deceitfully manipulate the situation to favor themselves at the expense of causing hardship, stress and grief to normal, honest people.

It's a very selfish, greedy and self centered act and just goes to show what a sad bunch of bitter and twisted losers most of you HPC lot are.

Being wrong for all these years has obviously affected you a lot. Think about things, put it into perspective and get some decency and morals.

PS Be careful what you wish for. Any crash would be probably be followed or caused by a recession and you losers may find yourselves out of a job or unable to get even a small mortgage.

ixwood

A quick check of your recent posts makes it quite obvious you have ulterior motives and aren't being sincere:-

http://forums.moneysavingexpert.com/search.php?searchid=167907613

Thrugelmir

ixwood wrote: »

PS Be careful what you wish for. Any crash would be probably be followed or caused by a recession and you losers may find yourselves out of a job or unable to get even a small mortgage.

Don't need a recession to lose ones job. Companies go bust, organisations downsize, or get taken over every day. Sounds as if your life has been too insulated from birth. Been spoon fed. Get out in the real world would be my suggestion.