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Estate Agents Are Reporting A Sudden Rush Of Panic Stricken First Time Buyers Wanting To Buy Property


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#1 Mario Caves

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Posted 04 January 2006 - 01:25 PM

Estate agents are reporting a sudden deluge of panic stricken first time buyers and people who sold-to-rent who are rushing to their shops to buy whatever properties they can afford in order to take advantage of a flattening in property prices and to get a foot onto the property ladder before house prices start to rise again.

These same estate agents have noticed that many of the people rushing to buy property are people who sold-to-rent and are deeply regretting their decision to sell to rent and are desperate to buy back their properties even though the prices of the properties they had sold have risen significantly in value since they sold.

Many of the STRs are people who sold their homes in the belief that house prices will have fallen significantly by now but have been shocked and disillusioned by the continuing rises in houses prices since they sold their properties. Many STRs are trying to buy back the properties they sold even if this means buying the properties they sold at a much higher price than the price they sold the property for. This is causing some STRs who are buying back their properties to lose all the capital gains money they made on the sale of their house in order to buy back their houses and in some cases the STRs have lost not only the capital gains money but have incurred a considerable cost in buying back the properties that they sold.

Many STRs are getting fed up of renting and are flocking back to the estate agents in a desperate panic to get back onto the property ladder before house prices start to rise again. Many STRs privately admit to having made significant losses when buying back their homes because all the capital gains they made upon selling their house was wiped out when they bought back their houses because of the steep rises in house prices that ocurred after they sold their houses.

Many STRs are completely disillusioned by the entire idea of trying to make money from the property market after having got their fingers so badly burnt.

Many STRs are filled with fear and apprehension when walking past an estate agent for fear that they might catch a glimpse of what their house is now worth after they sold it and they are making a conscious decision to avoid going past estate agents for fear of finding out how much the properties they sold have gone up by since they sold them.

Some STRs have developed a phobia of estate agent advertisements in newspapers and the property supplements in newspapers in case they discover by how much the properties they sold has risen since they sold. Many STRs try to ignore and set aside the property supplements and estate agent adverts and when their friends read the supplements and see by how much the properties that the STR sold has risen by they grin and pull a face of unbridled and unrestrained glee that their STR friend is missing out on having made so much money. The friends of STRs sometimes tease the STRs by asking them by how much they think their property has risen in value since they sold it and some homeowner friends look up the value of their homes on the internet and gloat and shout out loud to the STR how much their house is worth now just to deliberately annoy the STR and make the STR feel sick as a parrot.

Many STRs are having sleepless nights and breaking into cold sweats about how much money they could have made if only they did not sell so early. Some STRs are finding the taunts and baiting that they are getting from friends at work who have not sold-to-rent unbearable but the STRs try to keep a brave face but deep inside the STRs are feeling absolutely sick and that they have missed out on the further steep rises in house prices. Many STRs are increasing getting depressed as they see no end to the property boom and are becoming ever more miserable and angry with themselves and some are saying that selling to rent was the worst decision of their lives.

#2 mercsl

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Posted 04 January 2006 - 01:26 PM

Smells like Bill Gates from singing pig...didn't he post a zillion threads on STR's...awoooga..and I'm a bull !

Edited by mercsl, 04 January 2006 - 01:27 PM.


#3 lampkin

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Posted 04 January 2006 - 01:28 PM

Wow for the first time i think this is quite relevant:

AAAAAAWWWWWWWOOOOOOOOOOOOOOGGGAAA!!

Buy the way, i rent, couldnt be happier knowing prices arnt rising anymore and i dont have a house thats value is lowering in real terms :D

#4 right_freds_dead

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Posted 04 January 2006 - 01:29 PM

probably a good idea to re-look at the threat about newbies being allowed to start threads.


classic desperado stuff.
i am boethius. author of the consolation of philosophy. it is my belief that fortune is a wheel. inconstancy is my very essence says the wheel. rise up on my spokes if you like, but dont complain when your cast back down into the depths. good times pass away, but then so do the bad. mutability is our tragedy, but its also our hope. the worst of the times, like the best. are always passing away.

#5 laughing_goat

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Posted 04 January 2006 - 01:37 PM

Darn guys, we were all wrong!
HP's will forever rise!
Can't stay and chat, must get myself down the local EA's to buy that cardboard box for 300,000.

#6 Guest_boxmoor boy_*

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Posted 04 January 2006 - 01:37 PM

Its a piss take but there are still plenty of wouldbe buyers out there who are tempted,seen loads on here over the past year.Infact you were one Fred?.A while back I wrote a thread on the very subject ie that still plenty of buyers in denial(rear view mirror attitude) and we need to see thses sucked out before any major falls.The sudden u turn by a few bears over the past few months tells me that we are getting closer.

#7 liquid

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Posted 04 January 2006 - 01:42 PM

Many STRs are filled with fear and apprehension when walking past an estate agent for fear that they might catch a glimpse of what their house is now worth...


I don't think the owner of No. 36 is that happy either (found at www.nethouseprices.com).

18 Norwich Road
Attleborough,
Norfolk,
NR17 2JX 307,000
Detached
Freehold
Build status not stated 07-Apr-2005
Map (NR17 2JX)

8 Norwich Road,
Attleborough,
Norfolk,
NR17 2JX 375,000
Detached
Freehold
Build status not stated 24-Oct-2003
Map (NR17 2JX)

104 Norwich Road,
Attleborough,
Norfolk,
NR17 2JY 285,000
Detached
Freehold
Build status not stated 31-Mar-2003
Map (NR17 2JY)

20 Norwich Road,
Attleborough,
Norfolk,
NR17 2JX 295,000
Detached
Freehold
Build status not stated 21-Feb-2003
Map (NR17 2JX)

36 Norwich Road,
Attleborough,
Norfolk,
NR17 2JX 400,000
Detached
Freehold
Build status not stated 20-Dec-2002




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