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House Price Crash Forum


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Everything posted by OzzMosiz

  1. I'm a home owner and I think house prices are going to be decimated. Personally I am guessing at a 40%+ fall. If I was in your position, I'd personally hold off, you will be in such a strong position in a few more months/year or so Let this whole C-19 blow over a bit first. Especially as you don't seem 100% happy with the purchase
  2. does PropertyLog get its information from each view? If so, set-up a macro to move through pages automaticall and setup a very wide search criteria and let it run, that way you will get a mass of properties logged. I have a powerful PC at home that runs 24x7, I can set this running if you wish?
  3. if they could help control house price inflation by normal wage inflation (or even just below it) then that wouldn't be an issue. How you control it is another matter though.
  4. West is fine, sure Freshbrook and Toothill get a bad rep, but Westlea, Shaw, Middleleaze, Nine Elms and Peatmoor are generally fine.
  5. Need to re-fix my mortgage in September - will still be lower than what I am currently on, so I am not bothered, hopefully savers rates will go up.
  6. Maffo, the 4 (and to a lesser extent) 3 bedders are coming down. A 4 bedroom house in a decent area are coming in at around £315K now. Some can be had in a slightly lesser desirable place for £285K Obviously this time of the year there is more competition too.
  7. Well the local newspaper has been spouting on about how house prices will rise in Swindon. Now, I like to keep a track of any houses that I find "interesting" - not for a potential purchase, but because I like to see how fast they sell. My views is that numerous houses are being reduced in the last year or so. One near me came on over a year ago at 675, it since has been reduced 3 times and now down to 600K it has sold (probably for less). With so much building going on (and lack of infrastructure, including hospital, doctor surgeries and schools), prices aren't going anywhere north in my opinion. (for the record I am a homeowner)
  8. Good for you. I have no aspirations for my house to be worth millions. In fact, for all I care it can halve in value. My point has been by re-igniting this thread, that some of those who commented on me buying in 2009 were wrong and they haven't the balls to admit it.
  9. My lad is 3, he has 7K saved up. He will get a lump some from me and his Mum when he is older and we downsize - he won't know this until the time comes and will be expected to be hard working. If he isn't hardworking he won't get anything else from us until he shapes up.
  10. That may be so, but 70K to upgrade from a 3 bed detached to a much bigger 6 bed. Trust me, if this house had been on the market for a similar price to what we paid (not what is was advertised for) it would've been snapped up. p.s. it's likely worth around £110k more now in less than 20 months as I've renovated it.
  11. Very true, but there are a lot of crystal ball/tea leaf readers here who thought that buying back in 2009 was a bad decision. They were wrong.
  12. Almost spot on crashmonitor. We got it at a good price for it's size (its not a pretty house to look at).
  13. Thanks CCC, haha no. Just 1 son and no more to come (I don't believe we should be allowed more than 2 kids - but I won't go into that). We will likely downsize when he is older to gift him some money. The house is a dormer bungalow so the footprint was big before the previous owners put the dormer extension in the roof. Live in Wiltshire, just outside Swindon.
  14. Well I do commute 45 miles to work to get a bigger salary. CCC, I bought a 6 bedroom house for 70K more than I sold our last house (3 bedroom) and had 50K extra in savings to put down on that. Bigger garden, more parking, more rooms, quiet locations, less neighbours but a lot of work to update.
  15. Having a child doesn't have to be more expensive than buying a family home. I see idiots who buy their kids consoles....when they have 2 already and an ipad and desktop gaming PC - WHY?????
  16. Turns out I timed that at the best possible time in the last 10 years. Sold 20 months ago for £100K more than I bought it. So you were wrong TheCount!
  17. My wife fell in love with a VERY dated (but very large) dormer bungalow 2 years ago. It had been on previously for over 400K then for 390K and dropped to 375K. I put in an offer for 300K stating that every room needed gutting (17 rooms including the hall - a lot of work). I didn't expect to get it at that price, but to be fair to the Estate Agent, they put the offer to the seller. We got it for 340K in the end, a bit more than I had hoped to be honest. Previously in 2009 we viewed several houses and offered on a few of those for 169K on mainly houses that were on for 180K. One of the EA's said to me "good luck getting a 3 bed detached for that price" - we did eventually - suck it!
  18. Good luck. I did the same at the tail end of 2009 (after selling up in 2005 due to a split) and traded up 20 months ago (got 10% of that one). It's all a gamble timing wise, no one can predict the timing with sincere honesty. As long as you are comfortable with your decision, then it's the right one at the time.
  19. Anyone who bought in 2002 is likely to have seen wage growth and I am sure a large proportion of those are now mortgage (or almost) free!
  20. Interesting stats. The "over 65s" going up is probably partly due to those at that age living longer too. My boy will be getting a big ISA lump sum for his first house and my wife and I will downsize as well to help. No point an over 60s having a stupid amount of bedrooms!
  21. Ditto. I bought in 2010 too (well tail end of 2009) and it was the cheapest property to sell since 2002/3. It was run down, we did it up sold it for 100K profit and have bought a huge rundown converted bungalow which we are in the midst of doing up - it's an upheaval but worth it to get the space and price you want!
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