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Comments
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In fact it doesn`t really matter, because house prices are way out of sync with wages anyway. A house price correction is the only way forward now for this country, and the politicians know it.0
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Crashy_Time wrote: »In fact it doesn`t really matter, because house prices are way out of sync with wages anyway.
And yet around 100,000 properties are still bought and sold every month anyway... I think the reality is that it's you and your HPC friends who are the ones out of sync with house prices.Every generation blames the one before...
Mike + The Mechanics - The Living Years0 -
MobileSaver wrote: »And yet around 100,000 properties are still bought and sold every month anyway... I think the reality is that it's you and your HPC friends who are the ones out of sync with house prices.
https://www.bloomberg.com/gadfly/articles/2017-11-09/britain-s-vanishing-housing-market-in-charts
Is that enough to hold it all together though?0 -
Crashy_Time wrote: »Is that because less people are coming here and applying for jobs though?
its more to do with us having Full Employment.0 -
Loving Bloomberg at the moment
https://www.bloomberg.com/news/articles/2017-11-09/london-house-price-slump-persists-as-brokers-see-sales-tumble0 -
And back on topic. OP keep it simple and offer what you think it is worth. Don't get into discussions over what value the work the owners have done adds to the property as that won't get you anywhere and will likely just end up upsetting the owners anyway.0
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WAGES MAY WELL BE GOING UP BY 2.1%
Unfortunately inflation is plus 3%
So wages are going down still, as inflation is greater than wage increases:A.0 -
Just offer the price your willing to pay and leave it at that.
One vendor will be happy to accept, the other will be trying to screw the other.
You are in a no win position here. I would move on...!I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I've just found out why one case, one thread is a lousy idea.
I've replied to a dead thread, resurrected unnecessarily...I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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