wwp8

oohhh mines a GROVE (what ever that means)

chris's scooby

Then they shouldn't put it on their books in the first place. It's just a waste of everyones time at the end of the day!

chris's scooby

LOL

Richard Askew

Quite looking forward to a slump as I'm aiming to be a first time buyer within the next 6-12 months

Do feel sorry for anyone who'll lose their house through repossession, unless it benefits me of course



[/selfish git]

chris's scooby

merlin

In the past I have made a lot of money on paper from house price movement however I do not welcome price increases. The people to benefit are estate agents, Gordon Brown (through increased tax revenue), landlords and anyone downgrading or moving abroad. The rest of us pay dearly for the increase in the price of our homes.

What people tend to forget when they see their property increase in value, is that the price of the next property that they want to upgrade to has increased by an even greater amount meaning an even larger mortgage. Then we have the poor first time buyers who are unable to get on the ladder because it is now so high. I wonder how those who have seen their property increase significantly in recent years would feel if they had to buy that first house again. Finally there are those who have stretched themselves too much with a massive mortgage which they will not be able to afford when interest rates increase. Then the inevitable crash will come along causing negative equity and repossessions. Very sad for all involved...

I wish everyone would wake up and realise that massively increasing property prices are not a good thing for the vast majority of us. No other country that I know of have the same crazy property market.

Tiggs

i have plenty of clients selling at £750- £1.5 plus and plenty downsizing to £450-600k.........both markets are still fine and in good health, these are COMPLETED deals not speculation and guess work

MooseRacer

don't listen to pslewis - he's been coming out with this crap for a couple of years now

Plenty of people who don't know what they're on about will tell you there's going to be a crash, actual experts on the otherhand will tell a different story.

dba

yep,i agree

I am looking to buy a house in Wakefield at the moment and sellers are just of their rockers,they are all asking at least 20% too much

and some have been on the market for over 6 months

there will be a price correction at some point

Dunk

iTrader: (1)

PMSL..........the day a house in Tadley is worth £400k+, I'll eat my own pants.

D

JoanUK300

Next door to my mum done exactly the same thing.......they put their house on the market in May/June 2003 for £325k......over a year later, they are still living there and have reduced it to £280k.........still no takers, and it`s in the middle of a council estate!!!!!!

dba

yep,people are taking the ****,trying to get a slice of the pie,fueled by greedy estate agents

but...........those that NEED or have to move,will eventually start the riot.Over the winter there will be a reduction in prices and then the new houses arriving in spring to the market will be priced realistically

its already started in the se,it just takes a while for everyone else to catch up

pslewis

Get your Knife and Fork out then Dunk - of course, EVERYONE wants to live in Reading!! Ha Ha Ha Ha!! Tadley is a quiet backwater Hampshire hamlet

Pete

chris's scooby

No good estate agent should take a property on at a stupidly high price that they know they can't sell.

Surveyors should know better than to let a lot af these sales go through (if indeed they do sell). After all they act for the lenders in a lot of cases and have the power to down value property.

Chris

-=Buzz=-

means it's posher than a street, but NOT as posh as an avenue, obviously

Tiggs

Reading is superb place to hold property...not my cup of tea but you have London near by, the M4, the Oracle and in 10 mins you have lovely countryside (and not poor countryside where you have inbreed farmers.......nice, posh countryside with the Thames, barn conversions and range rovers that are nice and clean)

J4CKO

iTrader: (1)

Its not just the estate agents trotting the prices up, mate of mine got his nice extended 3 bed semi in Chorlton valued at 220k, right result I would say, er no, he puts it up for 260k the greedy get, has been the subject of much stick at work due to this, dellusions of grandeur I think.

We paid 160 cash for ours seven years ago, its now worth 450 grand (alledgedley), no way would I pay that much for it, its ridiculous, nearly half a million quid for a family home, how many famillies can really afford that kind of cash.

The line about idiots with Mortgage company provided BMW's rings true, thats why there are so many around I suppose, thats why you see a load of scummy looking people in matching puffa jackets and trainers getting out of them, buy a car that will last 5/6 years and pay for it for 25, hmm ome people really need to think things through, do they really need to impress the neighbours that much ?

Tiggs

so your house is valued at £450k and you wouldnt put it up for that.....so what would you put it up for? £350??????

Its worth what its worth, plenty of familes can pay that....thats why its worth what it is.

T

ps- let me know when you sell....i'll give you £400k for it and make £50k before you have unpacked at the other end.

merlin

Tiggs - wouldn't happen to be an estate agent would you?

TopBanana

There are some v. nice places outside Reading... I live in one.

The words Tadley and pikey go hand-in-hand!

Sprint Chief

I wondered why my hackles rose every time I read one of Tiggs posts.

Incidentally the people downsizing will cut the head off the market, first time buyers have dropped from the normal 40% to around 25% of the market share... all the classic signs - just a few squeezed in the middle who will be stuck with difficult chains. Rental prices are also dropping in the South East due to over demand which, coupled with increased mortgage repayments and the prospect of falling capital will scare the sh!te out of the buy-to-let market... Pete might have been predicting it for ages, but the time is now nigh...

Just MHO

ProperCharlie

Over supply, surely?

I agree with the sentiment, though. Many BTL landlords who are bright enough to be able to calculate return on capital are selling or have sold already. someone said that buying "is still cheaper than renting". Well actually it isn't, in many areas. I would be interested to see a property that you could rent out and cover 100% loan repayments with the income.

Recaro

I'm looking at buying near Reading. looking round aborfield, winnersch, etc. which is in between Reading and Bracknell

property seems to be a bit cheaper then my current location.

gsm1

There's a guy nearby trying to sell his end house for the last 2 years. He has dropped from £535k to £480k slowly, but still no sale. I'm not an estate agent and I could have told him he is not going to get that kind of money for it. Yes, it's a large house but it's badly positioned and the whole entrance is shared with another property. I can't work out why some estate agents dedicate so much time and advertising space to particular properties when we all end up paying the same commission.

Sprint Chief

Ooops... quite right

Agree with you on the rental prices as well... I'm about to move into rented accommodation that I estimated would cost me £1300 per month more than I will be paying, if it was on a 5% mortgage covering 100% of the value

Admittedly I have an exceptional deal on this one, but as a tenant I won't have to pay anything for maintenance etc. Because the interest alone would be more than the rent I will be paying, by putting the difference into other investments I am moderately optimistic about my chances of outperforming the housing market over the next year

I will say though, there is a fair chance of the "soft landing" rather than the "big crash" - although to be honest it is 50/50 which way it falls, depends on how quickly the first time buyers are willing to jump back in, and whether inflationary pressures come back and push interest rates higher.

Sprint Chief

I live (at the moment - not for long!) in Riseley, just south of Reading, there is a very attractive property not far from me that went up for £660k earlier in the year - it is now at £600k and still for sale...

PS. I was going to criticise Tadley but then I'm about to move to Basingstoke so I'm not really in a position to...

StickyMicky

my girlfriendis living in reading for a year, housesharing with 3 other people, there paying £320/week to rent a house

its in lower early

its not worth £320/week IMO LOL
its ok and has a double garage, but its not worth £320/week

not related at all but reading is ****e for a night out, i was charged to enter a Bar on sat night

WTF is all that about, charging rent on sumwhere you drink!

StickyMicky

sum place in the oracle, £5 for a fooken sandwich

reading is crap

Leslie

That was good advice from your dad Buzz.

Les

TopBanana

That's your own daft fault - there are plenty of places where you don't have to!