Why is it so hard to sell a 3 bed semi in Leeds?

glasgowdan

iantojones40 wrote: »

I wouldn't necessarily consider a house up for £120k and selling for £100k as signs of an imminent disaster ... it just means the buyer has got a reasonable discount and bought the house for a figure that reflects it's true market value.... something you're clearly not capable of doing.

So simple. Why not tell me what you do know about me, oh wise sage

iantojones40

glasgowdan wrote: »

So simple. Why not tell me what you do know about me, oh wise sage

I know that since your relatively recent property purchase you spend an inordinate amount of time on here endlessly and incessantly ramping up the property market, urging anyone and everyone to buy, buy, BUY whatever the cost!
Attempting to encourage specific posters who were expressing doubts about a particular purchase to take on even bigger mortgage debt.
Constantly trying to defend and justify kite flying asking prices, desperately trying to persuade people that rampant HPI can continue for ever and ever and disagreeing with anyone who dares to suggest that property prices are obscene, interest rates are insane and that the government/BoE have had a policy of inflating and then propping up the property market in recent years and that policy could go into reverse just as swiftly as it was introduced.

I'm not sure who you're trying to kid, but your fear, desperation and panic at the thought of anything other than continued rampant HPI is clear to see to everyone.

glasgowdan

In that case you're an idiot.

We're in the house for life, hopefully 40 years plus. Bought in a popular area with a lot of competition (open day with 15-20 other viewers). We own 70% of it and the mortgage is half what our rent was for the last 6 months. We both work part time and still save between 1-2k a month.

You see, little man, panic is the last thing in my life ��

PS when's the house price crash happening?

always_sunny

glasgowdan wrote: »

PS when's the house price crash happening?

together with the EU dissolution, apparently, any day now, any day!

ScoTTyBEEE

glasgowdan wrote: »

In that case you're an idiot.

We're in the house for life, hopefully 40 years plus. Bought in a popular area with a lot of competition (open day with 15-20 other viewers). We own 70% of it and the mortgage is half what our rent was for the last 6 months. We both work part time and still save between 1-2k a month.

You see, little man, panic is the last thing in my life ��

PS when's the house price crash happening?

It's already started in London, the epicentre of everything house related. It will rack up a notch come April with the realisation of many properdeee landords their business model is only feasible with government benefits - in the process of being removed.

This realisation will come at the same time as article 50 invoked, causing large financial market disruption. It's like the perfect storm. The government have been backed into a corner where years of government props are being kicked away at the worst possible time at the peak of a bubble. The only thing to support the housing market when this happens are peoples wages, which you'll note in an era of zero hours contracts and part time work don't give much confidence for support.

It's going to be unprecidented.

Davesnave

ScoTTyBEEE wrote: »

It's going to be unprecidented.

That's what they said in 2008....and it was.

Yet still so many of the HPC lot didn't buy; they were stll waiting for the perfect, perfect storm. :rotfl:

I bought at the bottom in 2009. It was pure coincidence. No one ever knows where the bottom is. Getting the right property is far more important than crystal-ball gazing.

always_sunny

Davesnave wrote: »

That's what they said in 2008....and it was.

Yet still so many of the HPC lot didn't buy; they were stll waiting for the perfect, perfect storm. :rotfl:

I bought at the bottom in 2009. It was pure coincidence. No one ever knows where the bottom is. Getting the right property is far more important than crystal-ball gazing.

Because they're waiting for the bottom-bottom-bottom! The fact that they are paying rent for decades while they wait is marginal :rotfl: and the funny thing is they're paying someone else's inflated house price!

elephantrosie

the house decoration is very old.
also the location is not excellent. not exactly close to city centre.
if this is sold for anything more than 110k, then it is considered good price.

davgray

The peak has certainly ended this year, the London effect will trickle out over the next few years into the south, people who disagree have to bare in mind there has been a lot of people selling up in London and purchasing outside,pushing areas up in the south. House prices outside London in the the south are not in line with local wages. With section 24 coming in next year on btl this will kill off a lot of highly leveraged landlords over next few years and will cause prices to at least stagnate. However what I'm seeing more and I work in the housing industry, is affordababily has maxed out with a lot of purchaser, this will be the killer for any further rises, which is a good thing. However I'm not sure an actual crash will happen, unless there are job losses or interest rates rise.

brucepodolski7

Maybe there is simply no demand there.