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Who are buying now?

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Comments

  • SquatNow
    SquatNow Posts: 2,285 Forumite
    Spam
    Spam
    Spam
    Spam
    Spam
    Spam
    Spam
    Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.
  • CharleneUK
    CharleneUK Posts: 3,206 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    SquatNow wrote: »
    I'm sure your hubby will be happy to receive head.

    OK, I'll get my coat now.
    lmfao!! Dirty!! :rotfl:
    "I did then, what I knew then. And when I knew better, I did better"
  • Badger_Lady
    Badger_Lady Posts: 6,264 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    movilogo wrote: »
    The Estage Agents are still doing good business.
    Sellers are not reducing price.
    The weekly newspaper's housing supplement still consists same number of pages (so no extra houses:o )
    Banks are still lending high multiples of mortgages!

    Well, if all this is still happening, then prices still aren't going downward, are they? :p
    Mortgage | £145,000Unsecured Debt | [strike]£7,000[/strike] £0 Lodgers | |
  • Rover
    Rover Posts: 323 Forumite
    How's your office's volumes Badger?
    anger, denial, acceptance ;)
  • Badger_Lady
    Badger_Lady Posts: 6,264 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Rover wrote: »
    How's your office's volumes Badger?

    I assume you're implying that I'm an estate agent..? Sorry, no - just a Marketing professional with an amateur interest in world markets. :D
    Mortgage | £145,000Unsecured Debt | [strike]£7,000[/strike] £0 Lodgers | |
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Badger_Lady wrote: »
    Well, if all this is still happening, then prices still aren't going downward, are they? :p
    House prices in my area have not gone down in years (probably back to the last crash in early nineties).
    In fact the last quarter showed increases of 35%.

    Now I don't doubt they will slow down / stagnate, but please remember every area in the UK is different and is affected differently.

    What happens in Manchester, will not necessarily be the same as London, Dublin, Cardiff, glasgow or any other region

    Here is the Nationwides quarterly report
    http://www.nationwide.co.uk/hpi/historical/Q3_2007.pdf

    Here is the Nationwides monthly report
    http://www.nationwide.co.uk/hpi/historical/Oct_2007.pdf
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Rover
    Rover Posts: 323 Forumite
    My apologies. How are the World markets today, still rosy :eek:
    anger, denial, acceptance ;)
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    It's why sales volumes are down - there's a standoff in the market.

    Sellers are holding out for the price they want to acheive, buyers have reduced the amount they are prepared (or are able) to pay so the market is no longer clearing.

    Either sellers will have to cut prices or buyers will have to increase the price they are prepared to pay. The longer it goes on, the more sellers will be forced into the market which will reduce prices.

    The effect on rents will be interesting. Will they rise as people who would have bought rent instead or will they fall as people that can't sell rent their house out? My feeling is that they will rise a little as such a large proportion of demand has been from BTLers and that demand seems to be choking off fast.

    Now is a good time to buy at auction in terms of the likely discount over what you pay by buying on the open market IMO.
  • Unknown1234_2
    Unknown1234_2 Posts: 653 Forumite
    Part of the Furniture Combo Breaker
    Duplicate Post.
  • Unknown1234_2
    Unknown1234_2 Posts: 653 Forumite
    Part of the Furniture Combo Breaker
    in Berkshire (South East) There are alot of FTB's and people buying BTL places.
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