Massive price drops in liverpool over £100,000 Down

HenryWeston

Not a good 'investment'

http://news.bbc.co.uk/player/nol/newsid_7130000/newsid_7133800/7133833.stm?bw=bb&mp=wm&news=1&nol_storyid=7133833&bbcws=1

lynzpower

its not liverpool its manchester

Graham_Devon

It's also one, unique, reposession.

tr3mor

lynzpower wrote: »

its not liverpool its manchester

It's definitely Liverpool.

Pobby

I liked the bit where the girl said the market will take off again next year so best jump in now for more HPI.

Zammo

Graham_Devon wrote: »

It's also one, unique, reposession.

So?

At the height of the boom houses being sold at auctions were often selling for more than those being offered by EAs.

The housing market is collapsing.

hearts

Zammo wrote: »

So?

At the height of the boom houses being sold at auctions were often selling for more than those being offered by EAs.

The housing market is collapsing.

No it isn't ;-)

worrypants

zammo
the housing market is not collapsing, slow yes, some areas still bouyant,collapsing no

remember every location has its very own housing market
you cannot generalise for the entire country

and anyway what do you care you are not a property owner are you:rotfl:

Zammo

worrypants wrote: »

zammo
the housing market is not collapsing, slow yes, some areas still bouyant,collapsing no

remember every location has its very own housing market
you cannot generalise for the entire country

and anyway what do you care you are not a property owner are you:rotfl:

You know next to nothing about my situation, please stop making assumptions.

The market is collapsing in my neck of the woods.

City centre new builds were always going to be the first to see a rapid decline in prices. This is now the case in Leeds, Nottingham and now Liverpool. Or are you disputing this as well?

worrypants

oohhh mrs I love a spot of banter:D

You told us in your thread that you have rented for years and you have just devastated some poor seller by going back on your word at the 11th hour.

city centre new build flats ( I assume you mean flats) make up the tiniest percentage of UK housing stock.

I have bought and sold ( inlcuding a pub/restaurant)from Hampshire to Cumbria and many places in between including Wales and North London it has been my source of income for the last 11 years.My desire to be mortgage free and retire to canada will hopefully come to fruition in the coming weeks.
I will have achieved this purely by playing the property market well over the last decade.

I did own proprty during the last downturn in the early 90's and did lose £3000:rolleyes: silly me, however I have more than made up for it since. So many folk said I was bonkers and family said what if etc but I have never looked back. my father put me off buying a property ( talk of price crashes, interest rises etc)close to Lincoln Cathedral when i was 19, it was up for sale at exactly £10,000 when I left the area 18 years later this same property achieved and asking price of £340000 I have never let dad forget it!!!
so thats where my experience comes from.

Zammo

worrypants wrote: »

I will have achieved this purely by playing the property market well over the last decade.

You are hilarious. Do you honestly see yourself as some hotshot property developer? A poorly trained chimp could have played the property market well over the last 10 years.

Would you be prepared to take the same risks in a declining market?