How much have you lost on your property ?

EliteHeat

pickles110564 wrote: »

No nelly normally is the one who is most patronising and condescending and has to resort to scummy insults when he loses the plot

Really? I thought it was de rigueur on here to thank Nelly after every post, no matter what he said!

Must have got that bit wrong then

P.S. I personally have never felt the need to do so

charlie_chaplin

Bought a doer upper in 2006 for £215k 3 bed terraced house in east london, spent around 20k fitting it (blood sweat and tears )out, with new central heating/electrics/plasterd every room/new kitchen/new bathroom, oak floors blah blah, so it looks really nice and modern, one sold yesterday a few doors down for 340k, so not to bad, theres didnt have anywhere near the finish ours does though, but i reckon if we got 300k i'd be happy.
although i know of a 4 bed house opposite sold for 320k as needed doing up, it's not about net prices, the finish and materials used also matter, you only make money if you sell and dont buy again, but london seems to be ok, just not rising as quick as last few years, which is no bad thing.

barrymung

Bought first flat for £30k in 1994 and sold in 2000 for £45k. Next, bought a house for £65k, current value £170k!

On paper it looks great but obviously it's all "theoretical" money. I'm predicting that it'll drop to nearer £100K when the slump bites.

My biggest regret is not hanging onto the flat and renting it out as it sold last year for £88k! I could have sold it now, be mortgage free and have some dosh in the bank!!

However, buy-2-let mortages weren't available at the time I sold the flat and hindsight is a wonderful thing.

barrymung

pickles110564 wrote: »

Lets hope you pay tax on these earnings so that others can also benefit from this extra money.
I know loads of trades that get paid cash but never give out any reciepts for the work that has been done.
I wonder where all that cash is going?:rolleyes:

I believe that's the real reason for ID cards...Wanna get paid? Where's your ID card?

BobProperty

barrymung wrote: »

I believe that's the real reason for ID cards...Wanna get paid? Where's your ID card?

!!!!!!? What a great way to have a two tier economy, I can really see that working in a recession. NOT.
Let me reverse that situation:
You want your toilet unblocking? It will be £xx cash. You don't want to pay cash and you want to see my id? Bye bye. !!!!!! has my tax and business arrangements got to do with you?

seven-day-weekend

Hello there Benefits Blagger

We bought our UK house for three thousand pounds (I put it in words so you know you'd read it right) in 1976, so if we were to sell it today, I think we'd get a bit more than we paid for it.

We bought our Spanish property in 2003 for a total (after all renovations) of £48k, it is a now a three-bedroom traditional village house in the mountains and I'm pretty sure we could at least double our money were we to sell it.

It would not bother me if house prices fell as we have £100% equity and I think they are a ridiculous price and it would be good for first-time buyers/single people who are trying to buy their first home. I would like people to be able to buy a modest family home on one modest income as we were able to do, but I suppose that is cloud cuckoo land.

pickles110564

BobProperty wrote: »

!!!!!!? What a great way to have a two tier economy, I can really see that working in a recession. NOT.
Let me reverse that situation:
You want your toilet unblocking? It will be £xx cash. You don't want to pay cash and you want to see my id? Bye bye. !!!!!! has my tax and business arrangements got to do with you?

Can't see your ID card you just want cash Ok no problem.
Hello is that the IR just had a trade round that wanted cash, said he never pays his tax, does not see the point in it.:beer:

BobProperty

pickles110564 wrote: »

Can't see your ID card you just want cash Ok no problem.
Hello is that the IR just had a trade round that wanted cash, said he never pays his tax, does not see the point in it.:beer:

Watch it pickles, I never said that did I? Oh, and offering cash can be construed as tax evasion, too.
Presumably you and Barry will be asking the guy in MaccyD if he has his ID or you'll refuse to be served by him, will you?

pickles110564

BobProperty wrote: »

Presumably you and Barry will be asking the guy in MaccyD if he has his ID or you'll refuse to be served by him, will you?

Now that is a different story, cant let anything get between a man and his tummy

wolvoman

Zammo wrote: »

Yeah right.

If you bought six months ago you bought at the absolute peak. You stand to lose small fortune and you're expecting people to believe that it won't bother you? That you could have been paying far less if you had waited a few years. That you could be stuck there whether you like it or not as you are in negative equity? That you could have bought a far nicer and bigger property if you had held out, or somewhere in a far nicer area?

The prices of some of the more delusional sellers are still the same as they were 6 months ago around my way as well. And guess what? Those houses have been sat on the market for the last 6 months.

Funny that.

Maybe.
I bought my flat 6 months ago too (well completed anyway) for full asking price of £470K. The next door flat (near identical has gone on the market for £499K). This is south London btw.