Saturday, Nov 15, 2008
Still in denial
Your Mortgage: Homeowners overestimating house prices
"Research by Impartial shows that British homeowners are dramatically under-estimating the reduction in the value of their properties over recent months." ... "Homeowners under the age of 34 actually believe the value of their property is still increasing. They reported an average value of £173,960 in July, increasing to £176,056 in September. By comparison, the average Londoner seems more realistic – believing their house value to have dropped by £46,361."
Posted by quiet guy @ 11:58 AM (519 views) Add Comment
3 Comments
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1. renting2 said...
" .................. aaahh, but my house is different, it'll sell as soon as I put it on the market ...................... "
2. george monsoon said...
We have a lot of Ostriches in our town as well...
3. Eastleighfan said...
"My house has been on the market for nearly a year . I have been offered £130,000 , but I KNOW it is worth at least £160,000 ."
Believe it or not , I have heard people say this .
Simple rule , your house is only worth what someone else is prepared to pay for it !!!!