House Prices Now At 2004 Levels
06 May 2016, 01:22 PM
#2881
Scooby Regular
You can buy a small village in West Wales for the price of a mid London flat. I know of a guy who bought a run down estate house and land enough for a small village for £2m. He put turkeys on it.
I have 3 properties and they just equal my dads 3 bed semi outside Oxford.
I have 3 properties and they just equal my dads 3 bed semi outside Oxford.
06 May 2016, 01:45 PM
#2883
Scooby Regular
Join Date: Jun 2005
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It's to do with timing and some good fortune. Good to see you back, Ditch'.
08 May 2016, 04:50 PM
#2887
What house price drop 
I was back in the uk a few weeks back and my neighbour said my house was worth £50k more than I thought, also from what I've seen in my area they are going like hot cakes.
Seems to me there is a bit of a boom on the go and there have been a few people saving their pennies over the last few years and the market is well on the move.
Simply basing that on my area though which has become desirable over the last few years (which I knew would happen
) not interested in selling though so it doesn't really matter. (for now) 
I was back in the uk a few weeks back and my neighbour said my house was worth £50k more than I thought, also from what I've seen in my area they are going like hot cakes.Seems to me there is a bit of a boom on the go and there have been a few people saving their pennies over the last few years and the market is well on the move.
Simply basing that on my area though which has become desirable over the last few years (which I knew would happen
) not interested in selling though so it doesn't really matter. (for now)
04 August 2016, 01:45 PM
#2888
Well well well,
interest rates dropped again....!
Who would have thought it...
Not Mattyboy for sure...
Wonder if he is still keeping his money under the mattress???
On another point ,they keep saying home ownership is at an all time low..
Er ....Hello....
Population swells beyond belief , house building cannot keep up.
Result is less people owning a property, is it not?
Simply not enough to go round.
interest rates dropped again....!
Who would have thought it...
Not Mattyboy for sure...
Wonder if he is still keeping his money under the mattress???
On another point ,they keep saying home ownership is at an all time low..
Er ....Hello....
Population swells beyond belief , house building cannot keep up.
Result is less people owning a property, is it not?
Simply not enough to go round.
07 August 2016, 01:06 PM
#2889
Home ownership is at a low as people can't afford the mortgages and it's the buy to let people making up some of the sales. The government should bring in controlled rents for the buy to let people and it will help stabilise house prices. Also they need to bring I long term mortgages so people can get a property.
07 August 2016, 04:09 PM
#2890
House building targets have been waaaaaaaaaaaaaaaaay behind for some considerable time, since well before any recent influx of migrants of all descriptions.
Never ceases to amaze me that there are people that seem to struggle with the simple math that surrounds the housing market, buy to let, self build etc in relation to prices.
You won't get one for less than the price it costs to build one and that price is only ever going to go up as it has done since house building and buying began.
In a nut shell, they ain't going down, so get on or be prepared to pay someone else's mortgage for the rest of your life.
Simples.
Never ceases to amaze me that there are people that seem to struggle with the simple math that surrounds the housing market, buy to let, self build etc in relation to prices.
You won't get one for less than the price it costs to build one and that price is only ever going to go up as it has done since house building and buying began.
In a nut shell, they ain't going down, so get on or be prepared to pay someone else's mortgage for the rest of your life.
Simples.
07 August 2016, 06:30 PM
#2891
Scooby Regular
What house price drop I was back in the uk a few weeks back and my neighbour said my house was worth £50k more than I thought, also from what I've seen in my area they are going like hot cakes.
Seems to me there is a bit of a boom on the go and there have been a few people saving their pennies over the last few years and the market is well on the move.
Simply basing that on my area though which has become desirable over the last few years (which I knew would happen ) not interested in selling though so it doesn't really matter. (for now)
I was back in the uk a few weeks back and my neighbour said my house was worth £50k more than I thought, also from what I've seen in my area they are going like hot cakes.Seems to me there is a bit of a boom on the go and there have been a few people saving their pennies over the last few years and the market is well on the move.
Simply basing that on my area though which has become desirable over the last few years (which I knew would happen
) not interested in selling though so it doesn't really matter. (for now)
07 August 2016, 07:26 PM
#2892
In a nut shell, they ain't going down, so get on or be prepared to pay someone else's mortgage for the rest of your life.
Simples.[/QUOTE]
Correct,
that's life, so put up or shut up.
Some own ,some rent, do what suits you best or whatever you can afford.
You aint living in a cardboard box so lifes not so bad is it....
Simples.[/QUOTE]
Correct,
that's life, so put up or shut up.
Some own ,some rent, do what suits you best or whatever you can afford.
You aint living in a cardboard box so lifes not so bad is it....
07 August 2016, 07:53 PM
#2893
07 August 2016, 07:54 PM
#2894
Scooby Regular
Best post on this thread, IMHO. Here we are banging on about this stuff when there are some who would be lucky to have a cardboard box!
Not totally relevant to my comment but, for some joviality:
njkrms, thanks for bringing us a little down to earth!
Not totally relevant to my comment but, for some joviality:
njkrms, thanks for bringing us a little down to earth!
07 August 2016, 08:13 PM
#2896
Torquemada your welcome...
Too many people expect it all on a plate and that's the problem.
Because someone else has something they think they must have it.
Only they don't feel they should have to work their nuts of to get it like some have had to.
You get out of life what you put in ....
Owing a property is not a right, its what you get if you choose to work hard and take a few risks perhaps.
Nowadays these "young pups" expect a nice 4 bed detached on a new estate with all the trimmings as there god given right.
Its a little bit harder than that im afraid....
Too many people expect it all on a plate and that's the problem.
Because someone else has something they think they must have it.
Only they don't feel they should have to work their nuts of to get it like some have had to.
You get out of life what you put in ....
Owing a property is not a right, its what you get if you choose to work hard and take a few risks perhaps.
Nowadays these "young pups" expect a nice 4 bed detached on a new estate with all the trimmings as there god given right.
Its a little bit harder than that im afraid....
08 August 2016, 07:37 AM
#2897
Well said, one has to be prepared to make sacrifices and some folks seem to think it should be handed to them.
It's not really changed as much as people think, when I took out my first mortgage for £50k my wages were around the £10/12k mark, on paper when I could actually afford to pay myself, I was that broke I had a loan and an overdraft to pay the deposit and fees too but hey that's the only way I could do it so I grabbed my ***** and signed on the dotted line, the way I saw it is it was better to have my name on the mortgage papers than someone elses, Almost 20yrs later and I'm still cash broke but the numbers look good on paper.
It's not really changed as much as people think, when I took out my first mortgage for £50k my wages were around the £10/12k mark, on paper when I could actually afford to pay myself, I was that broke I had a loan and an overdraft to pay the deposit and fees too
but hey that's the only way I could do it so I grabbed my ***** and signed on the dotted line, the way I saw it is it was better to have my name on the mortgage papers than someone elses, Almost 20yrs later and I'm still cash broke but the numbers look good on paper.
08 August 2016, 09:01 AM
#2898
I grabbed my ***** and signed on the dotted line, the way I saw it is it was better to have my name on the mortgage papers than someone elses, Almost 20yrs later and I'm still cash broke but the numbers look good on paper.
Ditto I too have very nice port folio now, I still save a much as I can which I then use to buy my next property, well I buy plots and build now, cheaper to do it that way
Ditto I too have very nice port folio now, I still save a much as I can which I then use to buy my next property, well I buy plots and build now, cheaper to do it that way
16 August 2016, 03:32 PM
#2899
My flat has sold, though it went a bit slower than I'd have liked it to. Two buyers fell through for genuine reasons but current one all going swimmingly (touch wood!). Had some other offers on it. Price was as expected, no brexit drops because at the end of the day, not that many 2 bed flats up for sale around here.
I've had an offer accepted on a place in Wales that has been on/off the market for over 2 years but the market over there is way different. I don't expect to make masses on it but then again, its lifestyle that is more important to me now.
I've had an offer accepted on a place in Wales that has been on/off the market for over 2 years but the market over there is way different. I don't expect to make masses on it but then again, its lifestyle that is more important to me now.
31 July 2017, 06:57 PM
#2901
Scooby Regular
Our local estate agents had a big sign on the wall in their back office. It said Every buyer is a liar.
They are a set of c@nts!!!!
They are a set of c@nts!!!!
31 July 2017, 07:23 PM
#2902
Funnily enough I have had 5 estate agents round in the last week to value our house as we intend moving , if it sells. No rush if it doesn't though, its just we have some plans to make life a little easier and going mortgage free is part of the plans.
The values given were as wide apart as could be, from slightly more than we paid for it 13 years ago, after spending thousands modernising it...! To almost double what the lowest valuation came in at.
Probably will go with the estate agents we purchased it through to be honest as they know the area and obviously the house, even though they are the dearest.
It is difficult to have empathy with them though...!
The values given were as wide apart as could be, from slightly more than we paid for it 13 years ago, after spending thousands modernising it...! To almost double what the lowest valuation came in at.
Probably will go with the estate agents we purchased it through to be honest as they know the area and obviously the house, even though they are the dearest.
It is difficult to have empathy with them though...!
04 August 2017, 12:48 PM
#2903
Scooby Regular
I reckon many will go bust. The article doesn't mention the new law forbidding EAs from charging tenants fees. During times of low sales EAs really rely on income from rentals to get by.
I've had many dealings with EAs and they seem to range from liars at best to downright crooks at worst.
I've had many dealings with EAs and they seem to range from liars at best to downright crooks at worst.
06 August 2017, 10:30 PM
#2904
07 August 2017, 07:43 AM
#2905
I reckon many will go bust. The article doesn't mention the new law forbidding EAs from charging tenants fees. During times of low sales EAs really rely on income from rentals to get by.
I've had many dealings with EAs and they seem to range from liars at best to downright crooks at worst.
I've had many dealings with EAs and they seem to range from liars at best to downright crooks at worst.
09 August 2017, 10:54 AM
#2907
Scooby Regular
London isn't great at all. Transaction volumes hit a historic low a few months back and prices are slipping. Prime London prices have been falling for some time and now the rest of London is beginning to follow.
So many factors causing downward pressure
Stamp duty rises ie 10% rate above £925k. This will affect a lot of properties in London/SE
Additional 3% stamp for BTL/second homes
Reduction of tax relief on mortgage payments for BTL
Brexit
Hung parliament
How far will London prices fall? Estimates range from 10% to a scary 40%. Personally I wouldn't mind seeing 15-20% as I could cope with that easily and would present some opportunities.
I would like to see the luxury new builds in London fall by 40% though and the foreign investors get burnt
Last edited by Dingdongler; 09 August 2017 at 10:55 AM.
19 March 2020, 04:22 PM
#2908
Well well well,
interest rates dropped again....!
Who would have thought it...
Not Mattyboy for sure...
Wonder if he is still keeping his money under the mattress???
On another point ,they keep saying home ownership is at an all time low..
Er ....Hello....
Population swells beyond belief , house building cannot keep up.
Result is less people owning a property, is it not?
Simply not enough to go round.
interest rates dropped again....!
Who would have thought it...
Not Mattyboy for sure...
Wonder if he is still keeping his money under the mattress???
On another point ,they keep saying home ownership is at an all time low..
Er ....Hello....
Population swells beyond belief , house building cannot keep up.
Result is less people owning a property, is it not?
Simply not enough to go round.
Bring out your dead .....!
Don't think anyone expected rates to drop to 0.1%.....!
Old Matteebouy will be crying into his penny jar..!
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