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Lower offer days before Exchange and Completion
Comments
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You say 2007 now but you choose not to in in late 90s or so you said. Where I am prices are up 50% since 2007 and about 25% for UK as a whole.Crashy_Time wrote: »I hear some areas are lower than when I started predicting (2007) but I have not researched these areas, the main point however is that the MSM has a BIG influence on sentiment.
To make things clear I am not saying prices aren't going to fall, just that I don't know what they are going to do and your seemingly confident prediction are just mere speculation.0 -
Yet another thread that’s gone off topic.0
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Oh crash you donmake me laugh. I bought not quite at peak in 2006 I've actually sold my flat for £18k less than I bought it for (due to wanting a quick sell and btl investors in my area selling a lot of their stock) however other side of country where my friends live property has gained on average £100k in that time.
Am I jealous no because they became mortgage free but are having the borrow about same as I am for their next step on the ladder. In last 11 years yes it's cost me. Bit but no one has been able to kick me out at a moments notice and I now have enough paid off that I can buy a nice big 4 bed house that rent would be at least £3oo a month more than I will pay in mortgage.
Therefore in my area we have had a crash but buying was still the best answer for me for security if nothing else0 -
Crashy_Time wrote: »So if someone buys a house for 80k, and due to a massive banker induced credit bubble that house gets valued at 240k, is that good or bad Karma?
Have sold property many times in the past for 3 times what I purchased for, however, I have always bought a property to be a home, not as an investment. So whilst the property has gone up in price so has what I have had to pay for the next one. I find it sad these days that many look at purchasing as an investment and not a home.0 -
You say 2007 now but you choose not to in in late 90s or so you said. Where I am prices are up 50% since 2007 and about 25% for UK as a whole.
To make things clear I am not saying prices aren't going to fall, just that I don't know what they are going to do and your seemingly confident prediction are just mere speculation.
I started PREDICTING a crash in 2007, it really is very straightforward
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Oh crash you donmake me laugh. I bought not quite at peak in 2006 I've actually sold my flat for £18k less than I bought it for (due to wanting a quick sell and btl investors in my area selling a lot of their stock) however other side of country where my friends live property has gained on average £100k in that time.
Am I jealous no because they became mortgage free but are having the borrow about same as I am for their next step on the ladder. In last 11 years yes it's cost me. Bit but no one has been able to kick me out at a moments notice and I now have enough paid off that I can buy a nice big 4 bed house that rent would be at least £3oo a month more than I will pay in mortgage.
Therefore in my area we have had a crash but buying was still the best answer for me for security if nothing else
So you sold a flat at a nearly 20k loss on the 2006 price, and now you can afford a "nice big 4 bed"...not sure I follow the pattern there....and you have not been kicked out in 11 years, well neither have I, so what is your point exactly?0 -
And as I've shown they have increased since then. I'm sure you said you didn't buy 20 years ago because you though prices were to high but I can't be bother to search you thousands of posts to find it.Crashy_Time wrote: »I started PREDICTING a crash in 2007, it really is very straightforward0 -
Crashy_Time wrote: »I started PREDICTING a crash in 2007, it really is very straightforward
That crash has been and gone you missed it.
small sample round here the low point was 2012/13 now 40% up on 2007 prices after that crash0 -
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getmore4less wrote: »That crash has been and gone you missed it.
small sample round here the low point was 2012/13 now 40% up on 2007 prices after that crash
Do you have the numbers for sales volumes?0
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