Monday, Jun 23, 2008
There will be millions of forced sellers this year
Times: Sellers spend thousands to shift their home
"Even within the current climate, there are still millions of people who are looking to move and they are doing all they can to get the best price for their property” of course! to be forced to sell suffices that people have to move, change job etc. The idea that only being unable to service the mortgage is a reason to be forced to sell is wishful thinking
Posted by confused76 @ 06:48 PM (700 views) Add Comment
5 Comments
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1. harold said...
"There will be millions of forced sellers this year"
And as a result, have a look that the fortunes of these guys:
http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/shares/3/40764/twelve_month.stm
Expect house prices to follow suit.
2. mark said...
things are going to bad here, just come back from makro and the till girls are all worried about how quite it has been..................
3. happyrenter said...
Went with friends for a meal at a local Loch Fyne last night - only 6 people in the restaurant all evening including the 4 of us - staff commented they wondered if it was the credit crunch.
They said main night's ie saturday had been fine with solid bookings and pretty full, but even for a Sunday 6 covers is poor for a mainstream eatery....
4. crash bandicoot said...
"The most popular way for homeowners to add value to their homes is to redecorate, closely followed by improving the outdoor space and carrying out routine maintenance."
Adding value how quaint, how about ways to lose value? Perhaps putting it on the market for too high a price, leaving it there for six months, then realising prices have fallen further and you need to cut another 10% from the price (and paint it in this years colours - repo red is really catching on at the moment).
5. mark wadsworth said...
Happyrenter, the miserable ****s at our local Pizza delivery have put up prices to £27 for two-and-a-half pizzas plus chicken wings, so maybe people are trading down from posh restaurants or something. I'm going to buy a second freezer and stock up at Iceland, two-for-a-fiver.
What sort of a dumb article is this? "Three million homeowners" that means one-in-seven, normal turnover in housing market is about one-in-fifteen or something. Unless they are all desperate to "sell-to-rent" in which case, cool!!