LAw Posted September 13, 2012 Share Posted September 13, 2012 ...buy at auction.Have patience, get the mortgage in order (if needed)...research...go for the kill. Just bought my first flat...55K city centre (fully furnished too!). Last sold November 2001 for 105k. Seems like a bargain:) Not new-build either but a nice conversion job. IMO dont bother waiting for mr & mrs jones's to drop their house 3% every 12 months... Any similar experiences out there?... Quote Link to comment Share on other sites More sharing options...
dangermaus Posted September 13, 2012 Share Posted September 13, 2012 Do you change your story every time the wind blows? You say you have owned previously http://www.housepricecrash.co.uk/forum/index.php?showtopic=182651&view=findpost&p=909133639 You say you are going to Florida to buy there http://www.housepricecrash.co.uk/forum/index.php?showtopic=182500&view=findpost&p=909129637 Are you perhaps an architect VI who enjoys winding up HPC posters? http://www.housepricecrash.co.uk/forum/index.php?showtopic=182665&view=findpost&p=909133627 pwnt whats a vi? Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted September 13, 2012 Share Posted September 13, 2012 pwnt whats a vi? Vested interest. self serving toe rags. I would caution about buying flats at any price. It was common practice in the boom to sell a flat with a £150k or so asking and then give 50% cashback. The buyer could get a bloated mortgage, pay XXX amount, thus giving the developer a false value to submit to the LR and that becomes the 'market price' The buyer would get 50% back to spend on a boob job/range rover sport/holidays etc. Of course, every so often an idiot would come along and pay full price, but most of these sales prices for flats (esp in northern cities) between 2000-2007 are utterly fallacious. The surveyors should be done for fraud. Quote Link to comment Share on other sites More sharing options...
justthisbloke Posted September 13, 2012 Share Posted September 13, 2012 Vaginal Inflammation? Quote Link to comment Share on other sites More sharing options...
Hino Posted September 13, 2012 Share Posted September 13, 2012 ...buy at auction.Have patience, get the mortgage in order (if needed)...research...go for the kill. Just bought my first flat...55K city centre (fully furnished too!). Last sold November 2001 for 105k. Seems like a bargain:) Not new-build either but a nice conversion job. IMO dont bother waiting for mr & mrs jones's to drop their house 3% every 12 months... Any similar experiences out there?... I think you're right. I been looking at the recently published auction results ( all kudos to M21er for the great piece of research ), and can hardly believe some of the bargains out there. Over 11% gross returns on a BTL with the strong possibility of capital gains as the icing on the cake ....... what's not to like about that ??? I'm presently living in Australia but considering a move back to my original home in the West country. I'll be visiting U.K. later this month to inspect a two bed-roomed flat overlooking the harbour of a Cornish village with an asking price of GBP 115K. As a potential cash buyer and able to proceed immediately, I'll be hoping to knock a few bob off the asking price, especially since the unit has been on the market for some time, and the great summer influx of potential buyers is now almost over Of course the usual crowd of doom and gloom wannabee's will try to tell anyone who has the patience to listen, that they will soon be selling four bed-roomed detached houses in nice areas for thirty bob each, but they've been singing that song for quite some time now. I wonder when was this site created, and what was the average house price at the time ? House Price Crash ???...............It's here right now you mugs.......fill yer boots Quote Link to comment Share on other sites More sharing options...
Daft Boy Posted September 13, 2012 Share Posted September 13, 2012 (edited) I think you're right. I been looking at the recently published auction results ( all kudos to M21er for the great piece of research ), and can hardly believe some of the bargains out there. Over 11% gross returns on a BTL with the strong possibility of capital gains as the icing on the cake ....... what's not to like about that ??? I'm presently living in Australia but considering a move back to my original home in the West country. I'll be visiting U.K. later this month to inspect a two bed-roomed flat overlooking the harbour of a Cornish village with an asking price of GBP 115K. As a potential cash buyer and able to proceed immediately, I'll be hoping to knock a few bob off the asking price, especially since the unit has been on the market for some time, and the great summer influx of potential buyers is now almost over Of course the usual crowd of doom and gloom wannabee's will try to tell anyone who has the patience to listen, that they will soon be selling four bed-roomed detached houses in nice areas for thirty bob each, but they've been singing that song for quite some time now. I wonder when was this site created, and what was the average house price at the time ? House Price Crash ???...............It's here right now you mugs.......fill yer boots Why not wait a few months and buy that flat at £40K. Edited September 13, 2012 by Daft Boy Quote Link to comment Share on other sites More sharing options...
inflating Posted September 13, 2012 Share Posted September 13, 2012 Is the buying craze at auctions over now? Last I heard some of the prices were as stupidly high as through an agent (Essex/SE) Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted September 13, 2012 Share Posted September 13, 2012 Of course the usual crowd of doom and gloom wannabee's will try to tell anyone who has the patience to listen, that they will soon be selling four bed-roomed detached houses in nice areas for thirty bob each, but they've been singing that song for quite some time now. I wonder when was this site created, and what was the average house price at the time ? House Price Crash ???...............It's here right now you mugs.......fill yer boots "Doom and gloom wannabees"...... your sentiment betrays your vested interest . Four bedroom detached houses for thirty bob each? I doubt that, but I do expect them to be 30% or 40% less than they are now, in a few years. Quote Link to comment Share on other sites More sharing options...
Giordano Bruno Posted September 14, 2012 Share Posted September 14, 2012 "Doom and gloom wannabees"...... your sentiment betrays your vested interest . Four bedroom detached houses for thirty bob each? I doubt that, but I do expect them to be 30% or 40% less than they are now, in a few years. I agree. It's pretty transparent to me, and I expect to most of us HPCers. Bargains indeed! Pfff. Quote Link to comment Share on other sites More sharing options...
Nomadd Posted September 14, 2012 Share Posted September 14, 2012 I'll be visiting U.K. later this month to inspect a two bed-roomed flat overlooking the harbour of a Cornish village with an asking price of GBP 115K. As a potential cash buyer and able to proceed immediately, I'll be hoping to knock a few bob off the asking price, especially since the unit has been on the market for some time, and the great summer influx of potential buyers is now almost over So only 15 times local wages, then. Bargain. And managing it from Australia should be easy. Easy money, eh? Quote Link to comment Share on other sites More sharing options...
winkie Posted September 14, 2012 Share Posted September 14, 2012 ....so you live in a home you own outright.....got £115K in cash reddies......I could think of lots of things to do with it and places to go using it..... buying more bricks would not be one of them. Quote Link to comment Share on other sites More sharing options...
tim123 Posted September 14, 2012 Share Posted September 14, 2012 Vested interest. self serving toe rags. I would caution about buying flats at any price. It was common practice in the boom to sell a flat with a £150k or so asking and then give 50% cashback. Absolute nonsense. 5% perhaps, 50% never! tim Quote Link to comment Share on other sites More sharing options...
tim123 Posted September 14, 2012 Share Posted September 14, 2012 ...buy at auction.Have patience, get the mortgage in order (if needed)...research...go for the kill. Just bought my first flat...55K city centre (fully furnished too!). Last sold November 2001 for 105k. Seems like a bargain:) Not new-build either but a nice conversion job. IMO dont bother waiting for mr & mrs jones's to drop their house 3% every 12 months... Any similar experiences out there?... IME you have to get exceptionally lucky to get a bargin property at auction that you would be prepared to live in. Most are either absolute dumps on sink estates or sell for pretty close to "full" value. If you've done this then well done (and some more info woukld be appreciated). tim Quote Link to comment Share on other sites More sharing options...
Number79 Posted September 14, 2012 Share Posted September 14, 2012 Mods....do hino and law have the same ip address by any chance Dont highlight the inconsistencies with these bell ends just delete them ffs Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted September 14, 2012 Share Posted September 14, 2012 VIz assettz Lawz Quote Link to comment Share on other sites More sharing options...
Toto deVeer Posted January 31, 2013 Share Posted January 31, 2013 Vaginal Inflammation? Venereal Infestation. Quote Link to comment Share on other sites More sharing options...
MrPin Posted August 27, 2013 Share Posted August 27, 2013 It's quite hard to keep cows, in a flat, so, I hope you don't have any! Quote Link to comment Share on other sites More sharing options...
happy_renting Posted September 4, 2013 Share Posted September 4, 2013 It's quite hard to keep cows, in a flat, so, I hope you don't have any! Actually, getting them into a flat is easy. Cows will walk up stairs. However, getting them out again is a problem. There is a common belief that cows will not walk down stairs. Quote Link to comment Share on other sites More sharing options...
MrPin Posted September 27, 2013 Share Posted September 27, 2013 Actually, getting them into a flat is easy. Cows will walk up stairs. However, getting them out again is a problem. There is a common belief that cows will not walk down stairs. Stairs are usually not a natural part of a cow's environment. Quote Link to comment Share on other sites More sharing options...
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