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Debate House Prices


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Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 23 August 2009 at 5:49PM
    mewbie wrote: »
    Are they not a good investment now? How far would you want them to drop before buying again? Personally I'd want 50%.

    no there are not many that are a good investment, especially since February/March.
    there are not many quality properties on the market, when there are they go very quickly..
    they'll be a few more on the market over the next few months which will lower prices that little bit more...

    it all depends on the rental income if there a good investment - why would you buy to lose money!?

    i'd like to buy with a 50% drop - but i don't think it would happen...
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    chucky wrote: »
    it all depends on the rental income - why would you buy to lose money?

    i'd like to buy with a 50% drop - but i don't think it would happen...
    Indeed, why would you buy in order to lose money. Seems we agree they are overpriced.

    We can argue about the size of the drop - 50%, 40%, whatever. What will be will be. Eventually. Maybe you will wait till another 15% drops, and I will wait for 50%.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    bluey890 wrote: »
    I am waiting for a one hundred percent drop. Until then, homes are overvalued.
    :beer:

    i'll have six!!!!!!!!!! :beer::beer:
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    chucky wrote: »
    i'll have six!!!!!!!!!! :beer::beer:
    If they were free why would you only have six?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    mewbie wrote: »
    Indeed, why would you buy in order to lose money. Seems we agree they are overpriced.

    We can argue about the size of the drop - 50%, 40%, whatever. What will be will be. Eventually. Maybe you will wait till another 15% drops, and I will wait for 50%.

    they may be over-valued (that's a never ending argument) but that doesn't mean that they are unaffordable for many...

    luckily i've bought in a recession before and done well out of it, it's not the worst time to buy.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    mewbie wrote: »
    If they were free why would you only have six?

    because you always have to be a nice and always available landlord ;)

    you can't be with a large portfolio unless it's your full time job...
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    chucky wrote: »
    because you always have to be a nice and always available landlord ;)

    you can't be with a large portfolio unless it's your full time job...
    I didn't know you were a landlord? Are you like BTLNewbie?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    mewbie wrote: »
    I didn't know you were a landlord? Are you like BTLNewbie?

    i think you already knew that i was.

    no i don't know who BTLNewbie is?
    is he a friend of yours?
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