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Debate House Prices


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UK house prices set for 14 pct 1-yr fall

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Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ManAtHome wrote: »
    Go on then, as it's not April 1... wots a COO guv..?

    My guess is that you turn up at 9am, say "COO look at all that dosh", lunch 9:01 to 16:59, then back to the office to say "COO look at all that dosh", then home...
    Damn. There's another job I could do.
    Where are these good jobs advertised?
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    It only got pricier when the holiday homers moved in and bought anything not nailed down.

    Surely they bought anything that *was* nailed down?
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    Tell me about it! I certainly don't miss having to turf myself out of bed at 5.30 in the morning for the trudge up to the City (Aviation underwriter at Lloyds) retired at 40 (12 years ago) and spend alot of my time traveling and watching Cricket, or both! Portugal last week and off to Holland tomorrow for a week. Wild horses wouldn't drag me back to the City :rotfl:

    Best of luck with the new 'offer' G

    My Dad's in his late 50s, and still gets into work by 6.30am or so, from choice. He loves it (-:
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    I've been saying 10 years to get back to today's prices for aaages.

    If you look at historical data http://www.hbosplc.com/economy/inclu...TownsData3.xls , for many area's the house prices did not take anywhere near 10 years to recover.

    I believe the UK average is heavily skewed by Londons prices
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    ManAtHome wrote: »
    Go on then, as it's not April 1... wots a COO guv..?

    My guess is that you turn up at 9am, say "COO look at all that dosh", lunch 9:01 to 16:59, then back to the office to say "COO look at all that dosh", then home...

    Chief Operations Officer. The COO runs the operations side of a company.

    Unfortunately it's not just one big long lunch. My day currently runs from 6.30am ~ 9.30pm.
  • merlinthehappypig
    merlinthehappypig Posts: 1,106 Forumite
    Mevagissey was always mind blowingly cheap for what you could get. Spacious 3-bed house with garden and full on sea/harbour views for about £80k in about 1999/2000.

    It only got pricier when the holiday homers moved in and bought anything not nailed down.

    Realistically there's nothing there. Unless properties have been extensively refurbished the quality will be quite poor and they'll be damp. Hardly any of the properties there have any parking whatsoever. There's very little life in the place beyond eating an ice cream or pasty and a quick wander round the harbour in the summer.

    I WANTED to like it... because of the cheapness of houses 9 years ago, but I couldn't ever force myself to do it.

    That's exactly how we feel. We want to like it as well, but Cornwall seems to lack something compared with Devon.

    Considering a house down the south of Devon now - another holiday home the owners can't afford to keep.
  • Datasafe_2
    Datasafe_2 Posts: 155 Forumite
    If you look at historical data http://www.hbosplc.com/economy/inclu...TownsData3.xls , for many area's the house prices did not take anywhere near 10 years to recover.

    I believe the UK average is heavily skewed by Londons prices

    I bought my first house just before the first crash and let me tell you it took 6 years to get back to the price I paid for it. This present housing bubble is a lot bigger so I think 10 years is not far from the mark.
  • ianmr65
    ianmr65 Posts: 596 Forumite
    Does anyone have an 'idiot meter' we can take round properties we view?

    Saw yet another house at the weekend & made an offer at 10% under asking price, which I thought was generous, but needs must etc.

    The agent rang back with their refusal saying that 'our offer is what they paid in Dec 2006 - if they take that they won't have made any profit at all'.

    People simply see property as some cash cow that owes them a living. Some huge shocks waiting round the corner for a lot of people, I think.

    Go back and offer 20% below asking. Stating the lastest housing news (above) and just for fun really!!
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