House buying frenzy? Except there isn't one.

jazzyja

I live up north. It is like something I've never seen. For sale signs aren't even going up they're selling that quickly. I've been outbid on 4 houses up to now. I've finally won an offer and seller kindly agreed to take it off market before I crack up. 
People are most definitely seeking garden and outdoor space. All the houses with decent gardens are going almost immediately. The house im currently buying doesn't have much garden space (probably why I finally managed to win it) but that's not the be all and end all for me, I'm just happy to get on the ladder.
One house in particular had 20 viewings after 2 hours of it being listed....I just didnt bother when I was told that. Very frustrating up here

MobileSaver

lookstraightahead said:

MobileSaver said:

This includes a Grade II listed building which even the locals thought was on at a kite-flying price (mind you it is a genuine picture-postcard looking home in an idyllic setting.)

Grade ll listed. They're gonna have a shock 😂

Certainly I would never consider a Grade II property but to be fair it is a really pretty cottage with a decent-sized garden, outbuildings and countryside views; it's easy to see why the buyers will have fallen for it.

Adsta said:

MobileSaver said:

Despite ridicule from the HPC crowd last year, it's nice houses in nice areas with gardens and/or rural locations that are selling like hot cakes. 

What's the HPC crowd?  

The HPC crowd are a group of posters who spend much of their time on the HousePriceCrash website where they've been wrongly predicting for eighteen years that house prices are about to crash by up to 50% or even more.

When the pandemic/lockdowns first hit last year, many of us in rural locations suggested that a lot of people would be looking to move to our areas looking for more bang for their buck with bigger houses, bigger gardens and simply less densely populated areas.

The default position of the HPC crowd is that nothing ever increases demand for property as they desperately try to convince anyone who will listen that the market is about to crash. So they ridiculed the idea that people would move from cities to villages suggesting instead that lockdowns would cause mass unemployment and huge numbers of evictions due to mortgage arrears - their theory was that consequently loads of people would end up moving back in with their parents leading to loads of unwanted properties and ever-falling house prices! LOL

Adsta

I've never looked at the House Price Crash website so had no clue. Thanks for info, sounds like a fun read  

RelievedSheff

Adsta said:

I've never looked at the House Price Crash website so had no clue. Thanks for info, sounds like a fun read  

You don't need to look at the website. They have a member on here who is always predicting the next big crash from his rented bedsit.

jimbog

Adsta said:

I've never looked at the House Price Crash website so had no clue. Thanks for info, sounds like a fun read  

When I last I looked they were more interested in berating forum members who broke ranks and bought a property or discussing  just how good Bitcoins were as an investment

moneysavinghero

jimbog said:

Adsta said:

I've never looked at the House Price Crash website so had no clue. Thanks for info, sounds like a fun read  

When I last I looked they were more interested in berating forum members who broke ranks and bought a property or discussing  just how good Bitcoins were as an investment

They don't believe in a Bit Coin crash?
Talking about crashes have not seen Crashy for a while, maybe he has finally got on the property ladder.

lookstraightahead

I do think it will all calm down when the stamp duty holiday comes to an end, and I do think people will have more financial difficulty when furlough stops, or when businesses struggle to get on their feet again.
I don't predict a crash but I do think people are behaving unpredictably at the moment. Interest rates are so low I don't think a lot of people have though about if their mortgage payments increase, or if they lose their jobs etc. I think people are just following a perceived crowd of buyers like sheep.

I think I used 'think' a lot in that post 😂

Skiddaw1

lookstraightahead said:

I do think it will all calm down when the stamp duty holiday comes to an end, and I do think people will have more financial difficulty when furlough stops, or when businesses struggle to get on their feet again.
I don't predict a crash but I do think people are behaving unpredictably at the moment. Interest rates are so low I don't think a lot of people have though about if their mortgage payments increase, or if they lose their jobs etc. I think people are just following a perceived crowd of buyers like sheep.

I think I used 'think' a lot in that post 😂

I agree with the above. There's certainly some house panic-buying going on especially in rural areas (particularly the South West and Wales). It's not quite as mad up here in Cumbria but I think that's because the London escapers have a mind set that Cumbria is Here Be Dragons (despite a reliable and regular fast train service from Penrith/Carlisle/Lancaster to London). Which suits us woad-painted, animal-skin-covered natives obviously.

Ally_E.

You're describing it as a mid terrace like it's a good selling point, same with communal gardens. 

badger09

moneysavinghero said:

jimbog said:

Adsta said:

I've never looked at the House Price Crash website so had no clue. Thanks for info, sounds like a fun read  

When I last I looked they were more interested in berating forum members who broke ranks and bought a property or discussing  just how good Bitcoins were as an investment

They don't believe in a Bit Coin crash?
Talking about crashes have not seen Crashy for a while, maybe he has finally got on the property ladder.

Last posted yesterday @15.14, so doubt there's a ladder in sight