AndrewP
Striker
Madness. Especially for something as basic as decking. At least the buyer has agreed to pay - the decking will be worth more than that to them, so it's the obvious solution.
House Sale Completion Time....
- Thread starter GordonMuchallNo1Fan
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Madness. Especially for something as basic as decking. At least the buyer has agreed to pay - the decking will be worth more than that to them, so it's the obvious solution.
Copacabana
Midfield
And the buyer loves it so wants it left down
AndrewP
Striker
Win for your daughter! Hope it's nearly complete!
Salem-Hillbilly
Winger
House prices will drop like a stone next year.
Negative equity will reappear.
AndrewP
Striker
Bold prediction.
New help to buy rules and stamp duty holiday end might see to that, but they can be extended.
Fletch
Striker
They’ve said that before and rarely happens , prices often stall but overall over long period of time property prices tend to rise at a rate above inflation
Worry for most if somehow post Brexit triggered into rate rises , Many young kids are taking out ridiculous size mortgages Thinking almost zero interest rates have always been the norm
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AndrewP
Striker
People always say that too, how long is a long period?
In this area prices are at circa 2008 prices. Compare with inflation since.
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bomber
Striker
Drop 5-10% on on anything over £70-80k,but shouldn't affect much below.
Fletch
Striker
70/80k?? You can’t buy owt for those prices
Just in the past 6 month prices seem to
Have jumped
bomber
Striker
plenty of terraced houses in many parts of the NE
AndrewP
Striker
That happens a lot.
You said long term they go up above inflation, that isn't true of the last circa 15 years.
Not showing any signs so far. Plenty of houses are selling a few days after going up.
With the stamp duty break and the mad rush to buy we are almost 10k better off. The way i see it that's 10k the house we are buying can drop by and we would still be in the same position as when we tried to buy it a few month ago.
AndrewP
Striker
These are temporary measures though. Equally you could say it's the thing driving demand.
Yeah I think it is. We had our house sold before it came in but lost out on the new house so we pulled out of our sale. Couple of month later the new house sale fell through. Tried to go for it again. Ours sold in 3 days for 5k more thanks to stamp duty break. We also now dont need to pay it so saved there.
If prices drop after march then I can take 10k hit on the house value before I'm any worse off than I was going to be really. I'm not planning another move so short term it doesnt bother me anyway.
AndrewP
Striker
Yeah, your situation is a perfect illustration of why prices have risen since lockdown.
I think they're shit scared of house prices dropping and will extend the measures.
Roker Mackem
Striker
Our buyers have just pulled out. Gutted! Survey mentioned asbestos and theyve done a runner
Fletch
Striker
I would say just over the past 12 month average rises about 10% . Increasing numbers now buying homes to let out also , investment pensions
AndrewP
Striker
Over the last 12 years your money would have increased by more in value in a standard savings account.
Roker Mackem
Striker
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