House Prices on verge of Collapse!
19 September 2004, 07:41 PM
#61
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nope im not an agent....i have no motivation to do anything other than say what i see....i look after many clients who own property around the £1m point.......just tellin it like it is for them.
19 September 2004, 08:00 PM
#62
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Not seen much of a slump round our way yet... Put my house on the market on a thursday and sold it to the first viewer on the monday for full asking price.. Then missed out on 2 houses that went for full asking price that had only been on the market for 4 days. Eventually got the house we really wanted but had to pay full wack for it as their was a cash offer on the table for it from a developer.. Since xmas when we had the house valued the price of the house has risen by 15% in terms of what we sold for.. Well chuffed.. I also have 3 other houses i rent out and they are all still going up in price as i regulary have them revalued by the mortage company to reduce the mortage rate i pay on them.. so all in all market in s.e wales seems good..
J
J
19 September 2004, 08:03 PM
#63
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No slide around my way yet but house prices have been steady for a few months and the sold signs are not going up as quick.
My mortgage is less than one years salary and less than a quarter of the house value so I'm not too worried.
Cheers
Lee
My mortgage is less than one years salary and less than a quarter of the house value so I'm not too worried.
Cheers
Lee
19 September 2004, 09:55 PM
#66
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i remember last year(or maybe the year before)
i was looking for a house (BTL) and saw which i thought was reasonable price (if there are such things)
viewed it, got mortgage quotes
put an offer in ..
they pulled out of the market.
1 week later they are back on the market.
30k more.
also, must be VERY common at anywhere (correct me if i'm wrong)
when you put in an offer theres always other people putting higher offers.
but if you're desperate for it you change your offer etc.
why do we need auctions when theres E.A
i was looking for a house (BTL) and saw which i thought was reasonable price (if there are such things)
viewed it, got mortgage quotes
put an offer in ..
they pulled out of the market.
1 week later they are back on the market.
30k more.
also, must be VERY common at anywhere (correct me if i'm wrong)
when you put in an offer theres always other people putting higher offers.
but if you're desperate for it you change your offer etc.
why do we need auctions when theres E.A
19 September 2004, 10:11 PM
#67
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Originally Posted by wwp8
i remember last year(or maybe the year before)
i was looking for a house (BTL) and saw which i thought was reasonable price (if there are such things)
viewed it, got mortgage quotes
put an offer in ..
they pulled out of the market.
1 week later they are back on the market.
30k more.
also, must be VERY common at anywhere (correct me if i'm wrong)
when you put in an offer theres always other people putting higher offers.
but if you're desperate for it you change your offer etc.
why do we need auctions when theres E.A
i was looking for a house (BTL) and saw which i thought was reasonable price (if there are such things)
viewed it, got mortgage quotes
put an offer in ..
they pulled out of the market.
1 week later they are back on the market.
30k more.
also, must be VERY common at anywhere (correct me if i'm wrong)
when you put in an offer theres always other people putting higher offers.
but if you're desperate for it you change your offer etc.
why do we need auctions when theres E.A
Even the forth coming sellers packs have failed to stop this sort of thing happening in the UK.
The government has missed the point in their usual way, they should have done something to stop buyers offering on things they have no intention of buying and sellers from pulling out of sales to put their houses up by a few thousand, once they have agreed a sale.
Chris
19 September 2004, 10:51 PM
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Originally Posted by 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
Ha Ha Ha Ha!! Tadley is a quiet backwater Hampshire hamlet Pete
), but Tadley the "quiet backwater Hampshire hamlet"...........not a good sign when the pikeys move out of Tadley to Pangbourne, because it's got too rough !D
Last edited by Dunk; 19 September 2004 at 11:15 PM.
20 September 2004, 10:09 AM
#69
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I earn nearly 3 times the UK average salary. I could not afford anything worth living in on my own. That speaks volumes.
How people ould survive on any less than £50'000 a year combined these days is beyond me.
How people ould survive on any less than £50'000 a year combined these days is beyond me.
20 September 2004, 10:27 AM
#70
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The only people with anything to fear are those who already have mortgages that they can barely afford - old addage told to me by my dad : never owe anything that one weeks wages cant cover! Has stood me in good stead so far.
20 September 2004, 10:29 AM
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Well I can see trouble brewing. Has anyone noticed that all of a sudden, ie last two months or so, that everyone seems skint, and I mean everyone. All the people I know are maxed out on everything and they dont even own a house ffs. So in my infinate wisdom I have managed to minimise my debt (CIH jobs and selling scooby etc) to about £2k excluding student loan(3K) and mortgage. So im prepared. Might even snap up a bargain or two with the spare cash 
20 September 2004, 10:44 AM
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Originally Posted by Stueyb
If people have got the cash, there are a lot of bargains to be had soon
But the nice man at the Inland Revenue just gave me a nice big cheque for overpaid income tax which covered the lion's share of it
20 September 2004, 10:51 AM
#75
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Originally Posted by Senior_AP
I earn nearly 3 times the UK average salary. I could not afford anything worth living in on my own. That speaks volumes.
How people ould survive on any less than £50'000 a year combined these days is beyond me.
How people ould survive on any less than £50'000 a year combined these days is beyond me.
Surely that depends on where you live? I get >£50k year and we live very comfortably, and in a nice house.
I think what you say is true in the south east though, but that is only a small proportion (physically) of the country.
Come up here, it's cheaper and the air is cleaner!
Geezer
20 September 2004, 11:08 AM
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I have been giving some consideration to selling up and shipping out. Could f*ck off to Scotland and be nearer my folks. It's a bit drastic but lately I have started to think "why work yourself into the ground, go about the place like a nervous wreck etc just to afford to live in london?"
So if business starts to look iffy, it could be "hello jocko" for me and the family.
So if business starts to look iffy, it could be "hello jocko" for me and the family.
20 September 2004, 11:12 AM
#77
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Originally Posted by Geezer
Surely that depends on where you live? I get >£50k year and we live very comfortably, and in a nice house.
I think what you say is true in the south east though, but that is only a small proportion (physically) of the country.
Come up here, it's cheaper and the air is cleaner!
Geezer
I think what you say is true in the south east though, but that is only a small proportion (physically) of the country.
Come up here, it's cheaper and the air is cleaner!
Geezer
Where I live you can't get **** for less than £150'00. Even that only gets you a lego/paper mache bulit modern cluster house.
20 September 2004, 11:27 AM
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Originally Posted by Ringpeas
Move up here!
Cheap terraced house from £35K
Reasonable semi for £90k
Small detached £110k ++
But then there is the smell
Cheap terraced house from £35K
Reasonable semi for £90k
Small detached £110k ++
But then there is the smell
Can't win!!
20 September 2004, 11:46 AM
#82
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Originally Posted by -=Buzz=-
I hope NOT - I live in a nice quiet conservation area, and at the tender age of 32 I don't want oiks being able to afford to live down MY Avenue (note it' NOT a "street" )
)While it's natural to look at wether the new house you are going to buy as being an investment, to me it was a place to live and bring up our family. The questions we asked were..
1) do we like the house
2) do we like the area
3) can we afford it
Yes to all three and bought it. We'll worry about what it's worth when (or IF) we ever come to sell it.
20 September 2004, 11:46 AM
#83
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What i was thinking is that i could sell my place in london and hopefully come out with about £150k in cash. I could then buy half of Grimsby and not have to worry about income that much as I have zero debts to service. As my wife is a teacher she can get work more or less anywhere, and her salary isn't really affected by location (other than london weighting).
Do you get used to the smell after a while?
Do you get used to the smell after a while?
20 September 2004, 01:12 PM
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Check out the properties on here http://www.jacksongreenpreston.co.uk/
You could get something 'nice' for £150k (depends what you are after)
The smell isn't too bad, or maybe the chemical factories have destroyed my sense of smell
Oh! and we are even getting a multiscreen cinema this Autumn We are catching up with the rest of the UK!
You could get something 'nice' for £150k (depends what you are after)
The smell isn't too bad, or maybe the chemical factories have destroyed my sense of smell
Oh! and we are even getting a multiscreen cinema this Autumn
We are catching up with the rest of the UK!
20 September 2004, 01:28 PM
#85
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Originally Posted by Ringpeas
Oh! and we are even getting a multiscreen cinema this Autumn
20 September 2004, 01:55 PM
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Originally Posted by TopBanana
That's your own daft fault - there are plenty of places where you don't have to!
we went to "revolution", they charged us to get in, we have a revolution up here and they dont charge, then we went to bar riza or sumthing??
they charged us as well, and it was all ****e garage,hip hop, bling ming stuff being played, we got a 5 min taxi and were raped of £14 from sum immigrant wanna be, its a hell hole!!!
and whats with all the men wearing these stupid flairy hairstyles, get your mops chopped of you southern puffs
you can tell the southeners are soft, there "doormen" wouldnt be fit to tie a goerdie "bouncer`s" shoe laces
LOL
20 September 2004, 05:11 PM
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Ive just been taking a look at some Estate Agents websites around the Hull area, and could be interested in a Buy to Let. They seem to be about half the price of my ones in the South East and the rental price is about 3/4 of the price. So all in all it could be quite a good investment.
Now i only tend to go for one sort of house in my portfolio, 2 or 3 beds less than 10 yrs old on a modern but established estates.
Now the way im thinking if house prices WERE to fall then i would like to think that my hosues in the south east will not been too badly effected (they owe me a lot less, and im not planning on selling for many many years) But what will happen with the house prices in the North. Will they be effected ?? or will then still climb ? Ie house currently in the south is £149k in Hull £65k
I know the Hull house will never get to south money, but is there still room for growth @ £65k or is it the peek for the noth too ??
Getting myself confused now..... But i know what i mean
Now i only tend to go for one sort of house in my portfolio, 2 or 3 beds less than 10 yrs old on a modern but established estates.
Now the way im thinking if house prices WERE to fall then i would like to think that my hosues in the south east will not been too badly effected (they owe me a lot less, and im not planning on selling for many many years) But what will happen with the house prices in the North. Will they be effected ?? or will then still climb ? Ie house currently in the south is £149k in Hull £65k
I know the Hull house will never get to south money, but is there still room for growth @ £65k or is it the peek for the noth too ??
Getting myself confused now..... But i know what i mean
20 September 2004, 05:17 PM
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Originally Posted by Wish
Ive just been taking a look at some Estate Agents websites around the Hull area, and could be interested in a Buy to Let. They seem to be about half the price of my ones in the South East and the rental price is about 3/4 of the price. So all in all it could be quite a good investment.
Now i only tend to go for one sort of house in my portfolio, 2 or 3 beds less than 10 yrs old on a modern but established estates.
Now the way im thinking if house prices WERE to fall then i would like to think that my hosues in the south east will not been too badly effected (they owe me a lot less, and im not planning on selling for many many years) But what will happen with the house prices in the North. Will they be effected ?? or will then still climb ? Ie house currently in the south is £149k in Hull £65k
I know the Hull house will never get to south money, but is there still room for growth @ £65k or is it the peek for the noth too ??
Getting myself confused now..... But i know what i mean
Now i only tend to go for one sort of house in my portfolio, 2 or 3 beds less than 10 yrs old on a modern but established estates.
Now the way im thinking if house prices WERE to fall then i would like to think that my hosues in the south east will not been too badly effected (they owe me a lot less, and im not planning on selling for many many years) But what will happen with the house prices in the North. Will they be effected ?? or will then still climb ? Ie house currently in the south is £149k in Hull £65k
I know the Hull house will never get to south money, but is there still room for growth @ £65k or is it the peek for the noth too ??
Getting myself confused now..... But i know what i mean
Depending on the market you are letting to, Hull could be good due to having a University, I have seen similar things in Loughborough with quite a thriving market for 2 bed properties that you can market to lecturers and so on.