House prices to rise by 25%! ...

Nenen

Generali wrote: »

I'll have a tenner charity bet with you if you like. My belief is that house prices are going to fall and it's the hellholes that are going to be hit hardest.

Ten quid to my charity if the average of the first 8 sales on Perth Street , Hartlepool after 1/1/2009 is less than £57,213.75. Ten quid to yours if it's £57,213.76 or greater.Up for it?

Great to see someone prepared to put their money where their mouth is General! :beer:

Generali

Nenen wrote: »

Great to see someone prepared to put their money where their mouth is General! :beer:

Hi Nenen,

The people that are getting into BTL with tiny deposits are the ones that are really doing this. They're risking losses of hundreds of %. I'm only prepared to lose a tenner!

SquatNow

Generali wrote: »

Ha ha, yes. I'd forgotten that! Didn't they also vote in the football mascot (Hangus IIRC) as mayor?



I'll have a tenner charity bet with you if you like. My belief is that house prices are going to fall and it's the hellholes that are going to be hit hardest.

Ten quid to my charity if the average of the first 8 sales on Perth Street , Hartlepool after 1/1/2009 is less than £57,213.75. Ten quid to yours if it's £57,213.76 or greater.

Up for it?

I agree... in the last crash sh1th0les like this cost £3000.

Allowing for inflation, this one will cost £6000.

They've gone up in price due to speculation... plain and simple. Once speculation stops, they'll become worthless.

Generali

SquatNow wrote: »

They've gone up in price due to speculation... plain and simple. Once speculation stops, they'll become worthless.

Yup. And IMO literally worthless.

In a falling market sometimes there isn't a buyer at any price.

Who wants to own a studio flat in a horrid suburb if they can afford something better. Especially if they think that the price of the place will fall further.

Falling house prices don't matter if you're not selling/refinancing. Studio flat owners probably come into the former category at some point.

Griptool

Gorgeous_George wrote: »

... over the next 2 years and this will be my proof
32 Gray Street, Hartlepool, TS24 8EN

(Look it up on Rightmove)

I bet a similar house in the same area will cost £50K in 2 years' time.



GG

p.s. Where is that house price thread sticky?

I'll bet you £50 it'll be nearer £5K than £50K:rotfl::rotfl: Tw*t :rotfl:

poppy10_2

Another chance to wheel this out:
http://uk.youtube.com/watch?v=1--BwHjsPDU

Gorgeous_George

Generali and Griptoll, I will accept your bets for charity, of course. PM me for my address.

Many areas will lose money without doubt but even the cheapest terraced houses command £350 or thereabouts in rent.

Oh and, no more bets please.



GG

mystic_trev

Gorgeous_George wrote: »

Oh and, no more bets please.



GG

Spoilsport!

Gorgeous_George

Well, 15 months on and it's likely that I will lose the bet with Generali but it's not guaranteed just yet. Griptool on the other hand must have been drunk on his own wee.

GG

besonders1

If you look on right move at the most of the 2 up 2 down houses in (old) West Hartlepool are starting to fall fast from £50K down to £34K and in 3 months and are still not selling. I remember reading about 6 months that Hartlepool was one of the only few town to defy the crash. I suppose it proves that streets that are least desirable would fall the fastest as 10 years ago most of these houses would sell for around 15K in good order.