Tuesday, Jul 15, 2008
Falling houseprices is a good thing
Times: How to buy property in the credit crunch
An article about someone who dropped the price on the house they were selling, got a similar drop on the house they were buying, and because both houses fell in price by a similar amount, they were able to trade up to a bigger house than they would have been able to do previously, and saved money on stamp duty.
Posted by jonb @ 05:31 PM (636 views) Add Comment
4 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. cyril said...
I called the crash about 8 years ago (i.e. miles too early) and I have been waiting to trade up ever since. I was thinking I'll have to wait another 5 years for the market to bottom out and I don't know if I can hold out that long.
2. paul said...
I do like the first comment:
Have you noticed who's obsessed with the price of property ? ..thats right , Media & TV presenters ! A pound to a penny they've all invested in buy-to-lets ... And now they want to show us how to save money every week by using truffles only once a week in our sandwiches !! Ahhh how sweet darling !!
Pete, Stockport, UK
3. drewster said...
So the Times is saying that falling prices are a good thing because (amongst other things) they make it easier to move up the ladder. This is what we've been saying all along!! For example see the PricedOut.org.uk "How much richer has your home made you?" calculator.
4. This comment has been removed as it was found to be in breach of our Blog Policies.