We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Unrealistic asking price?

11011121416

Comments

  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    Just keeping up with the changes in sentiment in the property market, so I can decide if and when to buy. It's quite an amusing forum too.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    Galliford Try is being bought out by Bovis Homes. My eventual profit from that deal will probably be nearer 100% or £100k. Which is not bad for a passive and very liquid investment over 1 year.

    It is also all on paper until you have that money in the bank.

    Easy come easy go.
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    edited 18 October 2019 at 12:56PM
    We prefer motor boats and we already have one thanks. :rotfl::rotfl::rotfl:

    20180720-070301.jpg

    Maybe you should live on it. I prefer sail power myself. Very funny looking American car though.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    It is also all on paper until you have that money in the bank.

    Easy come easy go.

    I could sell this second if I wanted. That's what is called a liquid asset, unlike property, which is illiquid. And the Bovis offer looks solid, probably far more so than your own finances.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    Maybe you should live on it. I prefer sail power myself.

    No need we have bought ourselves a lovely house :cool:
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    No need we have bought ourselves a lovely house :cool:

    Or you could live in that odd looking American SUV.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    AdrianC wrote: »
    Like I said... Short-termism.

    Yes, you can be lucky when buying equities in a business that's dropped to about a third of the share value in a couple of years, and has just issued a profit warning that's seen another 20% drop overnight. Or you can be very unlucky.

    Putting £100k on it...? Do you play roulette, too, or are you more of a poker man?

    And you're still paying rent at the same time.

    I like to invest in appreciating assets. The property market has had its time in the sun, but that was then, this is now. Past performance is no guide to the future (the ubiquitous warning).
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Haha funny guy
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    Haha funny guy

    Deluded was the word I was thinking of ;)
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 18 October 2019 at 1:25PM
    I'm market watching and have seen everything from somebody adding on £100k since bought 3 years ago, to somebody adding £35k when they bought it 6 months ago and did nothing, to those that are priced at the price they bought 2 years ago having redecorated/recarpeted, redone the bathroom, landscaped the garden and added a garden studio.

    Sellers are asking a price, the question is whether you are aggrieved so won't touch it, or are mildly annoyed but will view it.

    A house will sell at a price to somebody ... maybe to you cheaper, maybe to somebody else at full asking. Who knows... you can never tell who wants what and why.... or what they will discount it to soon/over time.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.8K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.