House Price Crash Discussion Thread

adr0ck

Generali wrote: »

There were big queues in the 1980s and 90s for council housing. And the same complaints about immigrants queue jumping.

we've hardly built any council houses since then

i think last year in Wales a total of 1 new council house was built

thats right 1

ianjul

In this wonderful world of property, I have been approached by a Building Company interested in purchasing my property, to demolish and build 4 new houses. (Subject to planning permission etc )

The question I ask is does any body know what the guide mark is that building companies will normally offer for buying peoples houses.

Is it a matter of getting 3 estate agents to value my house, then work out the average price and then look at getting 10% more than that from the building company, is 30% more realistic to expect.
Any ideas ??

Thanks

adr0ck

ianjul wrote: »

In this wonderful world of property, I have been approached by a Building Company interested in purchasing my property, to demolish and build 4 new houses. (Subject to planning permission etc )

The question I ask is does any body know what the guide mark is that building companies will normally offer for buying peoples houses.

Is it a matter of getting 3 estate agents to value my house, then work out the average price and then look at getting 10% more than that from the building company, is 30% more realistic to expect.
Any ideas ??

Thanks

any chance you could get outline permission yourself?

you could sell for a lot more then

John_Pierpoint

It very much depends on location location location.
You could post the first part of you post code if you want our opinions.
See posting back at #1149.
Have a look at the "plotfinder" website (BUT beware of accepting their free advert as you might be contacted by lots of estate agents and discover your developer has an agreement that he MUST pay commission to such an agent).
In some ways you are lucky the guy is honest - I've had fake viewings from nice young couples, who are really "knockers" on commission from developers.
Get savvy, get tough it sounds as if your place may be your fortune.

burf16

House prices will go down!!!

mr.broderick

burf16 wrote: »

House prices will go down!!!

Just thought i'd help your thanks count along..

Any evidence, reasoning to back up this statement?

I hope they come down, a man with my calibre and earnings should be able to afford a 5 bed detached with 2 ensuites and not be stuck in a pokey 3 bed semi, bring it on.

nelly_2

mr.broderick wrote: »

Just thought i'd help your thanks count along..

Any evidence, reasoning to back up this statement?

I hope they come down, a man with my calibre and earnings should be able to afford a 5 bed detached with 2 ensuites and not be stuck in a pokey 3 bed semi, bring it on.

a man with my calibre <

---

:rotfl: :T :rotfl:

A man of my calibre deserves to live in a hollowed out moose poo

Generali

nelly wrote: »

a man with my calibre <

---

:rotfl: :T :rotfl:

A man of my calibre deserves to live in a hollowed out moose poo

Well we all need something to aspire to Nelly, old thing.

secondtoughest

Ugh, this is all so depressing. I use this board to help my keep my feet on the ground and my hopes up but it still seems such a long way off. I'm single, I don't really want to buy with a friend and don't really want to borrow more than £80k (approx 3.5x salary). You can't buy anything with £80k in South Gloucestershire, unless it'a studio flat, a ground floor apartment or a park home. I'm not a snob but.... well yeah I'm a snob.

Keep on keeping on I guess. Incidentally I was talking to a friend at work who was recently given a council flat - he and his girlfriend earn £36k combined and don't have kids. He said they told the truth on the application form and a one bedroom flat came up straight away. Wonders will never cease, good for them I say.

Dawes_2

wokka wrote: »

Egg (Citibank - American Co) are just weeding out any customers they think may give them trouble in the future.
They can see who has paid late (even once) or gone over their credit limits.
Kind of trying to get their house in order... they know that a storm is a'coming.

We are heading for the mother of all recessions. The sub-prime losses and Northern Rock are the tip of the iceberg. House prices in this country are so unaffordable I believe we will have 10 years of falling prices (relative to inflation). This is gonna be ugly. There will be blood. About the house price market ask yourself one single question - could you afford your property if you had to buy it at the market value today? Most people wouldn't have a hope in hell and the property speculators exploiting the free market have screwed up house prices for the next 10 years.

Battern down the hatches, there is a storm a'coming! :dance: