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Unrealistic asking price?
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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.com0
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Diocletian_II wrote: »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.0 -
RelievedSheff wrote: »
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.com0 -
RelievedSheff wrote: »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.com0 -
Diocletian_II wrote: »Maybe you should live on it. I prefer sail power myself.
No need we have bought ourselves a lovely house :cool:0 -
RelievedSheff wrote: »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.com0 -
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.com0 -
Haha funny guy0
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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.0
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