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Anyone noticed "For Sale" residential discounting starting to happen?
Comments
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I certainly wouldn't buy it!Angela_D_3 said:
Hardly a typical purchase for like, anyoneSplatfoot said:
Well that example is clearly overpriced to begin with as it's been on for over a year.Crashy_Time said:
https://www.rightmove.co.uk/property-for-sale/property-84926300.htmlGreymug said:
Depends which way you're coming from. If you have a flat in the city centre and you want to buy a house in the countryside, the situation is as depressing as it getsCrashy_Time said:
Depressing? I`m sure hard working key workers and money saving strivers who know you are just as safe from Covid in a cosy flat in the town as out in a field in Dalkeith or somewhere are devastated that mug punters no longer have enough bank credits to start "bidding wars", LOL.Greymug said:Similar depressing situation in Edinburgh, Scotland.
Flats in the city centre used to be gone quickly, they'd be sold on a "offers over" system and the bidding war would lead to a selling price on average 15% over home report valuation. Now the city centre is flooded with flats for sale; they stay for sale for weeks/even months and with progressively lower prices.
On the other hand, houses in the outskirts are still going fast and at high prices. People want space and are moving out of the city as fast as they can.
Rental market is just as depressing: a lot of ex airbnb flats have flooded the rental market, driving prices down. So also buy-to-let has become a bad investment.
270k off this one so far, wonder how much the country pad will be costing them?0 -
LOL. Makes you wonder why Boris is in a flap about getting more debt into the property market with basically zero deposits doesn`t it?Angela_D_3 said:
More renters when the cash buyers/BTL’ers that snap them up. You genuinely don’t seem to have any idea the sheer numbers of people who could put their hands on £50-200k tomorrow. Maybe you’re one of them.Crashy_Time said:
Who will live in the houses they get kicked out of?Angela_D_3 said:
Unemployed people cannot buy houses, in theory might get kicked out of houses they own - they will have to rent.takanodia said:If the global financial collapse continues then BTL will be a terrible investment
i guess the question is, will unemployment keep rising as it is doing over the next few years, if it does then we will be in the greatest depression in a few years.
i personally can’t see anything to slow down the unemployment that is rising as it is doing.
Banks and BS have to achieve market value for repossession houses, I assume you’re aware of that ?0 -
We’ve not actually had any announcement or confirmation of this as per the other threadCrashy_Time said:
LOL. Makes you wonder why Boris is in a flap about getting more debt into the property market with basically zero deposits doesn`t it?Angela_D_3 said:
More renters when the cash buyers/BTL’ers that snap them up. You genuinely don’t seem to have any idea the sheer numbers of people who could put their hands on £50-200k tomorrow. Maybe you’re one of them.Crashy_Time said:
Who will live in the houses they get kicked out of?Angela_D_3 said:
Unemployed people cannot buy houses, in theory might get kicked out of houses they own - they will have to rent.takanodia said:If the global financial collapse continues then BTL will be a terrible investment
i guess the question is, will unemployment keep rising as it is doing over the next few years, if it does then we will be in the greatest depression in a few years.
i personally can’t see anything to slow down the unemployment that is rising as it is doing.
Banks and BS have to achieve market value for repossession houses, I assume you’re aware of that ?0 -
Look where it is located. The target market from such a property will be currently WFH at their country pile in the Shires.Angela_D_3 said:
Hardly a typical purchase for like, anyoneSplatfoot said:
Well that example is clearly overpriced to begin with as it's been on for over a year.Crashy_Time said:
https://www.rightmove.co.uk/property-for-sale/property-84926300.htmlGreymug said:
Depends which way you're coming from. If you have a flat in the city centre and you want to buy a house in the countryside, the situation is as depressing as it getsCrashy_Time said:
Depressing? I`m sure hard working key workers and money saving strivers who know you are just as safe from Covid in a cosy flat in the town as out in a field in Dalkeith or somewhere are devastated that mug punters no longer have enough bank credits to start "bidding wars", LOL.Greymug said:Similar depressing situation in Edinburgh, Scotland.
Flats in the city centre used to be gone quickly, they'd be sold on a "offers over" system and the bidding war would lead to a selling price on average 15% over home report valuation. Now the city centre is flooded with flats for sale; they stay for sale for weeks/even months and with progressively lower prices.
On the other hand, houses in the outskirts are still going fast and at high prices. People want space and are moving out of the city as fast as they can.
Rental market is just as depressing: a lot of ex airbnb flats have flooded the rental market, driving prices down. So also buy-to-let has become a bad investment.
270k off this one so far, wonder how much the country pad will be costing them?
In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:1 -
I think this being wildly over estimated too. I know of people who are moving out of the shires to flats in central locations precisely because mowing the bloody garden over lockdown did their heads in. Which Sainsburys was better stocked in March the central ones or the ones in the sticks. Where are the hospitals. I don’t think the mass exodus is actually going to happen to be honestJonbvn said:
Look where it is located. The target market from such a property will be currently WFH at their country pile in the Shires.Angela_D_3 said:
Hardly a typical purchase for like, anyoneSplatfoot said:
Well that example is clearly overpriced to begin with as it's been on for over a year.Crashy_Time said:
https://www.rightmove.co.uk/property-for-sale/property-84926300.htmlGreymug said:
Depends which way you're coming from. If you have a flat in the city centre and you want to buy a house in the countryside, the situation is as depressing as it getsCrashy_Time said:
Depressing? I`m sure hard working key workers and money saving strivers who know you are just as safe from Covid in a cosy flat in the town as out in a field in Dalkeith or somewhere are devastated that mug punters no longer have enough bank credits to start "bidding wars", LOL.Greymug said:Similar depressing situation in Edinburgh, Scotland.
Flats in the city centre used to be gone quickly, they'd be sold on a "offers over" system and the bidding war would lead to a selling price on average 15% over home report valuation. Now the city centre is flooded with flats for sale; they stay for sale for weeks/even months and with progressively lower prices.
On the other hand, houses in the outskirts are still going fast and at high prices. People want space and are moving out of the city as fast as they can.
Rental market is just as depressing: a lot of ex airbnb flats have flooded the rental market, driving prices down. So also buy-to-let has become a bad investment.
270k off this one so far, wonder how much the country pad will be costing them?1 -
Rather bizarre for a forum, they don't want members to start threads and create discussion?oldbikebloke said:yet another DEBATE house prices post on here because the nutters board has been closed and the nutters can't follow the rules about not posting debate threads on here instead.
we’ve reluctantly decided to temporarily close the Debate House Prices & the Economy Board so that we can redirect our limited resources to those who need us most at this time.
Please do not post content intended for this board elsewhere in the forum
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Or me. Yes, there will be some, of course. But these will be people that have probably already considered it in the past. What I have learnt about people, is that they have very short memories. Two years time, this will all be forgotten.Angela_D_3 said:
I think this being wildly over estimated too. I know of people who are moving out of the shires to flats in central locations precisely because mowing the bloody garden over lockdown did their heads in. Which Sainsburys was better stocked in March the central ones or the ones in the sticks. Where are the hospitals. I don’t think the mass exodus is actually going to happen to be honestJonbvn said:
Look where it is located. The target market from such a property will be currently WFH at their country pile in the Shires.Angela_D_3 said:
Hardly a typical purchase for like, anyoneSplatfoot said:
Well that example is clearly overpriced to begin with as it's been on for over a year.Crashy_Time said:
https://www.rightmove.co.uk/property-for-sale/property-84926300.htmlGreymug said:
Depends which way you're coming from. If you have a flat in the city centre and you want to buy a house in the countryside, the situation is as depressing as it getsCrashy_Time said:
Depressing? I`m sure hard working key workers and money saving strivers who know you are just as safe from Covid in a cosy flat in the town as out in a field in Dalkeith or somewhere are devastated that mug punters no longer have enough bank credits to start "bidding wars", LOL.Greymug said:Similar depressing situation in Edinburgh, Scotland.
Flats in the city centre used to be gone quickly, they'd be sold on a "offers over" system and the bidding war would lead to a selling price on average 15% over home report valuation. Now the city centre is flooded with flats for sale; they stay for sale for weeks/even months and with progressively lower prices.
On the other hand, houses in the outskirts are still going fast and at high prices. People want space and are moving out of the city as fast as they can.
Rental market is just as depressing: a lot of ex airbnb flats have flooded the rental market, driving prices down. So also buy-to-let has become a bad investment.
270k off this one so far, wonder how much the country pad will be costing them?0 -
I agree, it is just fantasy TBH.Angela_D_3 said:
I think this being wildly over estimated too. I know of people who are moving out of the shires to flats in central locations precisely because mowing the bloody garden over lockdown did their heads in. Which Sainsburys was better stocked in March the central ones or the ones in the sticks. Where are the hospitals. I don’t think the mass exodus is actually going to happen to be honestJonbvn said:
Look where it is located. The target market from such a property will be currently WFH at their country pile in the Shires.Angela_D_3 said:
Hardly a typical purchase for like, anyoneSplatfoot said:
Well that example is clearly overpriced to begin with as it's been on for over a year.Crashy_Time said:
https://www.rightmove.co.uk/property-for-sale/property-84926300.htmlGreymug said:
Depends which way you're coming from. If you have a flat in the city centre and you want to buy a house in the countryside, the situation is as depressing as it getsCrashy_Time said:
Depressing? I`m sure hard working key workers and money saving strivers who know you are just as safe from Covid in a cosy flat in the town as out in a field in Dalkeith or somewhere are devastated that mug punters no longer have enough bank credits to start "bidding wars", LOL.Greymug said:Similar depressing situation in Edinburgh, Scotland.
Flats in the city centre used to be gone quickly, they'd be sold on a "offers over" system and the bidding war would lead to a selling price on average 15% over home report valuation. Now the city centre is flooded with flats for sale; they stay for sale for weeks/even months and with progressively lower prices.
On the other hand, houses in the outskirts are still going fast and at high prices. People want space and are moving out of the city as fast as they can.
Rental market is just as depressing: a lot of ex airbnb flats have flooded the rental market, driving prices down. So also buy-to-let has become a bad investment.
270k off this one so far, wonder how much the country pad will be costing them?0 -
The key is never to mention the Big Elephant that lives in the garden and has a name beginning with........P.ElephantBoy57 said:
Rather bizarre for a forum, they don't want members to start threads and create discussion?oldbikebloke said:yet another DEBATE house prices post on here because the nutters board has been closed and the nutters can't follow the rules about not posting debate threads on here instead.
we’ve reluctantly decided to temporarily close the Debate House Prices & the Economy Board so that we can redirect our limited resources to those who need us most at this time.
Please do not post content intended for this board elsewhere in the forum0
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