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Property ‘undervalued’ by 15k... is it fair to ask to meet in the middle?

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    I hope the OP got a 15 - 20k price drop on the house, just in case....
  • Getting_greyer
    Getting_greyer Posts: 609 Forumite
    500 Posts Third Anniversary Name Dropper
    The economy is now in trouble because of the high prices, or it will be when the high rates come back. LOL. U.S yapping about rate hikes today again although I doubt the amount of stimulus Biden is talking will make it through intact.
    The economy is in a negative output gap...why would rates go up.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    The economy is now in trouble because of the high prices, or it will be when the high rates come back. LOL. U.S yapping about rate hikes today again although I doubt the amount of stimulus Biden is talking will make it through intact.
    The economy is in a negative output gap...why would rates go up.
    Because the stimulus response to that might cause inflation and the banks/CB`s want them to go up.
  • SpiderLegs
    SpiderLegs Posts: 1,914 Forumite
    1,000 Posts Second Anniversary Name Dropper
    The economy is now in trouble because of the high prices, or it will be when the high rates come back. LOL. U.S yapping about rate hikes today again although I doubt the amount of stimulus Biden is talking will make it through intact.
    The economy is in a negative output gap...why would rates go up.
    Because the stimulus response to that might cause inflation and the banks/CB`s want them to go up.
    4% by November. Guaranteed.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    1% would have lots of people sweating, especially those who threw the kitchen sink and change from the back of the sofa at the stamp duty gimmick, LOL.
  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    1% would have lots of people sweating, especially those who threw the kitchen sink and change from the back of the sofa at the stamp duty gimmick, LOL.
    Even though lenders have been stress-testing people for far larger interest rates for years now?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Slithery said:
    1% would have lots of people sweating, especially those who threw the kitchen sink and change from the back of the sofa at the stamp duty gimmick, LOL.
    Even though lenders have been stress-testing people for far larger interest rates for years now?
    Why have interest rates not risen in that case?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    The U.S job figures look like mortgage rates are safe for a while yet?
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