How much have you lost on your property ?

Benefits_Blagger

greenstick wrote: »

Why be so bitter?

Grow up!

p.s Not lost a penny, thanks

after years of hearing people pay "my house/flat is worth £30k more than last year" with a smug grin on their face which you just wanna punch, arn't I entitled to revel when prices fall ?

after all, what they are effectively saying to me is, if you want to buy, "it's going to cost you £30k more than last year". so what wrong with me celebrating when it's going to cost me £30,000 LESS than last year ?

or should I voluntarily want to pay more for a property than what I have ?

someone else gain is someone elses loss, whether the market is rising or falling.

Only differnce now is that those who have been priced out of the market for all these years might have a chance of owning their own home. Is that such a bad thing ?

or do you want us to live in a society where young families cant afford their own home and will never have a chance while prices are unrealistically high just so others can feel "wealthy"

as a few posters have pointed out on this thread, it's make no difference to them till the day they sell, but in the meantime they have a home.

so whats wrong with more people being able to own their home ? or should people go without just so others can gloat about the paper fortune that they can't access, that's what I call bitter.

snarffie

Benefits_Blagger wrote: »

after years of hearing people pay "my house/flat is worth £30k more than last year" with a smug grin on their face which you just wanna punch, arn't I entitled to revel when prices fall ?

after all, what they are effectively saying to me is, if you want to buy, "it's going to cost you £30k more than last year". so what wrong with me celebrating when it's going to cost me £30,000 LESS than last year ?

or should I voluntarily want to pay more for a property than what I have ?

someone else gain is someone elses loss, whether the market is rising or falling.

Only differnce now is that those who have been priced out of the market for all these years might have a chance of owning their own home. Is that such a bad thing ?

or do you want us to live in a society where young families cant afford their own home and will never have a chance while prices are unrealistically high just so others can feel "wealthy"

as a few posters have pointed out on this thread, it's make no difference to them till the day they sell, but in the meantime they have a home.

so whats wrong with more people being able to own their home ? or should people go without just so others can gloat about the paper fortune that they can't access, that's what I call bitter.

Can't argue with most of your sentiments. The only people to profit from high prices at the end of the day are the banks. You can only really cash in when you trade down/rent/die, each of which misses the point for me...

Problem for me is that you express disgust at the smugness of housebuyers who have made a 'profit' from their sale, yet you're happy to bask in the misfortune of housebuyers who may have lost out (and remember, many of those who will lose out are likely to be recent first time buyers).

You have turned into the thing you hate.

That is a terible fate.

Davesnave

You can only really cash in when you trade down/rent/die, each of which misses the point for me...

Two of those are quite useful for me!

MadMonkey

well 3 years ago houses simialr to ours were selling at 190.

We were valued at 175 in July last year and dropped to 150 finally selling for 148 although that sale is not looking very positive.

We personally are not in negative equity and we need to move as we need a bigger place so cannot wait for the crash to happen and then settle as the kids are only going to get bigger.

pickles110564

Benefits_Blagger wrote: »

So how much have you lost in the past month/quarter/year :beer:

Sorry to have to *iss on your matches but house prices not falling in our area, still solid employment, our company taking on new staff for £28k per year with no previous expierence, salary goes to £35k after 3 years as long as you have got a good service record.They can do overtime to boost salary to £40k plus and all they need is a clean driving license.
Also if the market does fall a long way I have enough cash put by to add to my BTL's so you still wont be:beer: cause you wont get a look in.
Now perhaps you will go and get a job and stop thinking dole money is your rightful wages.:rotfl:

cells

advised a friend to sell back in feb 2007.

looked around and 190-200k was possible


now he wants to sell, 170k would be a strech.
mostly to do with no one being able to get a mortgage for a flat on the 10th floor :beer:
a year ago that wasnt a problem


so he has lost. 10-15%

neas

thats if someone buys it cells :P

cells

pickles110564 wrote: »

Sorry to have to *iss on your matches but house prices not falling in our area, still solid employment, our company taking on new staff for £28k per year with no previous expierence, salary goes to £35k after 3 years as long as you have got a good service record.They can do overtime to boost salary to £40k plus and all they need is a clean driving license.
Also if the market does fall a long way I have enough cash put by to add to my BTL's so you still wont be:beer: cause you wont get a look in.
Now perhaps you will go and get a job and stop thinking dole money is your rightful wages.:rotfl:

i hope your around in 18 months time

you may not have "lost" money. but your properties will have gone down in value.
so you would have been better off selling

cells

neas wrote: »

thats if someone buys it cells :P

true.

a year ago he had a very large market to sell too.
anyone could get a mortgage and even a 100% or more mortgage on a !!!!!! flat


today, the ONLY people he can sell to is those who have a massive 170k in savings (not many people) or those stupid enough to MEW their current home to release 170k to buy a !!!!!! flat


prices have gone down, and will go down further

pickles110564

cells wrote: »

i hope your around in 18 months time

you may not have "lost" money. but your properties will have gone down in value.
so you would have been better off selling

All our BTL's are very long term investments, so what if they go down in value, rents are going up and like I have said before when tenants leave we get new ones through word of mouth.