Daily Mail - asking prices slashed

GreatApe

Windofchange wrote: »

Couldn't agree with you more. I think that HTB is the next PCP scandal in waiting. Few years down the line when people are trapped in their rapidly depreciating 25% share of a London studio it will of course all be the fault of the banks. There'll be a picture on the front of the daily mail of a 30 something year old couple stood sulking with arms crossed infront of a designer oven. The salesman said you can't lose in property. Buy now, quickly, last studio remaining. Now, I don't think that the banks are angels, far from it, but ultimately they have been given free reign to helicopter cash to everyone through quantitive easing and emergency interest rates for the best part of a decade. What are they going to do?.

Just because every bone in your body wants a hpc it doesn't mean its going to happen...

The average house only transacts once every 25 years and the system is set up to generate 2-3% annual inflation that means house prices will double in nominal terms between someone using htb and then selling down the line.

ess0two

Pobby wrote: »

Yes but this is crazy. Having bought my ex-brother in law interest in my wife's sisters house in the south-east some 4 or 5 years back, the place has increased by some 80% or thereabouts. Mad.

Perhaps when you sell,you can offer it for sale at the price you paid,fair all round then?