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Are we doing the right thing?

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    First Anniversary First Post Name Dropper
    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.
  • MobileSaver
    MobileSaver Posts: 4,232 Forumite
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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 Years
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    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?
  • gazter
    gazter Posts: 931 Forumite
    First Anniversary Combo Breaker
    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.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    Loving Bloomberg at the moment :)


    https://www.bloomberg.com/news/articles/2017-11-09/london-house-price-slump-persists-as-brokers-see-sales-tumble
  • GrumpyDil
    GrumpyDil Posts: 1,614 Forumite
    First Anniversary First Post Name Dropper Combo Breaker
    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.
  • roneik
    roneik Posts: 139 Forumite
    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.
  • kingstreet
    kingstreet Posts: 38,740 Forumite
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    tori.k wrote: »
    Just offer the price your willing to pay and leave it at that.
    It's a matrimonial. The rest is nothing but flim-flam.

    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.
  • kingstreet
    kingstreet Posts: 38,740 Forumite
    First Anniversary Name Dropper Photogenic First Post
    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.
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