aitchie

LOL at the EA updating the text in the advert with "NEW FIXED PRICE!" - as if if sticking it up by 30k after it sitting idle for months was something to boast about?!

my x-post from Scotland forum:

I thought they were absolutely bonkers paying that much for those flats. The way they went on like that door added about £50k to the value of that flat - its just a DOOR! you walk in and out of it when you come home, its that simple. your friends won't think more of you when they come round to dinner parties for the "wow factor" Also, I couldn't believe the bidding on that o/o 475k flat. One minute the guy didn't even like it, 20 minutes later they were bidding 586k for it and then they up it in a heartbeat just because their solicitor says he has heard a whisper and thinks it will go for "a number begining with a 6"! Didn't seem very ethical of the professinoals involved to me. Those watching south of the border must have thought our O/O system looked pretty ropey!

http://stuffwhitepeoplelike.com/2008/07/20...id-internships/ (pretty funny website btw)

^^^^ Excellent post! As for Edinburgh .... in the last 2 months I've bid on two 3 bed semi detached houses. (Although I'm very bearish on property and Edinburgh's prospects in the coming years, personal circumstances dictate). One of these was o/o £315k and the other o/o £350k. We bid only a few £k over the asking on each and were outbid by 27k on one and > 30k on the other! Both houses needed significant amounts of work done and I think each "winning" bidder has overpaid massively. One only had 3 notes of interest. goes to show though that folk in Edinburgh still think nothing wrong with paying 10x the average salary on an decent house; despite all that has happened in the last 2 years. I think its an issue of the lack of supply of these types of houses on the market driving the still small number of bidders into a bit of a frenzy.