HSvetz
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Posts posted by HSvetz
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On 03/08/2021 at 12:11, sammersmith said:
£100K off in a single drop from a very silly £400K initial price
https://www.rightmove.co.uk/properties/100979222#
They probably thought they'd capture a London escapee looking to save on stamp duty. They failed. £400K is an exceptionally silly price for a higgledy piggledy house in this area, and £300K remains quite silly so i expect them to get closer to the mid-200K range before anyone bites.
Also - i don't know how they justify calling this house 'link-detached' as it's very clearly attached and surrounded by a number of neighbours.
Sorry you have missed the boat...back up 100k the following day😆
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This isn't the best forum probably but best i could find....this house has already sold 5 times since 2002 and on the market again....wonder what the issue is or just a statistical quirk....anyone got better examples? https://www.rightmove.co.uk/properties/110355419#/
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Yes, but that was a different world....I remember negative equity was the issue in the 90s
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5.4% rise in Havering including a 9.5% rise for the Greater london authority part of it
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36Bn? Pah, that's less than a phone app (test & trace)🤣
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Bet the people signing the petition would benefit from a property tax....it's like when they introduced the poll tax, but in reverse, those people who would lose out decided it wasn't fair, and they won out
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Looking like a poor investment to me...and that is ignoring all the hassle involved
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Thanks for the bike advice Frugal, will investigate
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13 hours ago, Frugal Git said:
(Especially when you consider that a family with two 50k earners would receive the full whack child benefit - and two personal allowances, but one 60k earner with one personal allowance doesn’t - at that point it really has to be done because the rules are so ridiculous).
We have salary sacrifice for cycle to work, and I like to the idea of of getting a bike and reducing my 40% tax (pensions are already loaded so don't want to add more). Is there any electric bike you would recommend, just that buying a 10K bike sounds like you have some knowledge, was thinking maybe in the £1-2K range?
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So a fine of £112...parking fines are nearly that, what is the deterrent?
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On 06/06/2011 at 21:44, Pezerinno said:
Make sure the house you looking at isn't located in the UK.
🤣
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On 23/10/2020 at 21:59, Boon said:
This forum is so dead! I used to remember, back in 2009 when I was looking to buy my first property, that this forum was a heaving hive of activity.
Anyways, as a long time contributor to this forum, and also because this forum gave me so much when I was a first time buyer, I've decided to start giving back and helping other first time buyers.
Do check out my website - First Time Buyer Help - and if there are any topics that I haven't covered yet, drop me a message as I'm always on the lookout for more guides to add!
Thanks. Not a first time buyer but some good advice there; I especially like the 'how to spot bad neighbours' section. Added to my bookmarks.
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https://www.rightmove.co.uk/properties/102018869#/
you have got to admit though, this is the bargain of the century😉
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London to Norfolk coast, that was quite a move, very different environments. I think I would like the open spaces of somewhere like.
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Now that a guy you wouldn't want to pi$% off
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1 hour ago, crow said:
Thinking back to the last crash in 2008/9 - I saw prices drop by 20 percent in (far) East London - I know that as we paid £240k for an OK (in need of redecoration and a new boiler) 2 bed house. 6 months later similar houses were selling for £200. We didn't buy the most expensive house in the area, but we weren't that far off - but that was just everything that was available at the time so right then we thought it was an OK price.
So big drops are possible - and that was even with the interest rates dropping to record lows. Problem was it was harder for friends to get mortgages after 2009 in the same area - but good if you have a nice deposit waiting. Until about 2012 when prices started to increase (and actually a bit later) the houses coming up for sale wasn't great, but there were some. Nicer ones for sure.
Long left that area now, but I wouldn't want to be selling there right now.
Local to me now things went nuts in the summer, but they've calmed right down now. Will the price go lower than they were 2 years ago? No idea, but feels like they have to come down from where they are now.
Far east London, I live in Romford, did you live anywhere close? have noticed the local area seems to be 50K off the peak for a typical home. What area did you move to out of interest?
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18 hours ago, Martin_JD said:
What a peculiar thing to say. It's as if you may be jealous of people who have a mortgage?
To be fair, I think I see what he means....those people who are careful and prudent with their finances always seem to come off worst when compared with the those that are not, as the latter are bailed out by luck...I guess life isn't fair and all that.
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18 hours ago, NobodyInParticular said:
Fleetwood Mac would get a boost from the obvious theme tune too.
🤣
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On 09/01/2021 at 10:14, Huggy said:
It will be my batchelor pad once prices correct. I'm aiming for 4 beds at a minimum though as my hobbies do take up quite a bit of space!
I agree. Why such the couples get all the nice houses
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...oops, sorry Tiger😉
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My SIPP only up 15% this year but then it is still 7 figures
Makes me laugh some of the bragging on this forum.
So no lifetime limit worries for you then, well done. I'm aiming to keep just under the limit, although if pots continue to rise as they have been...
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I agree, that is always my thinking too. Plus the fact that their crystal ball is about as useful (useless) as mine, unless it is has some access to insider trading.
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Agree, the problem could be the neighbours, let's hope not. Good luck.
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Not since 2nd October 2020 apparently, but take the point
Examples of big & multiple drops
in House prices and the economy
Posted
Bowling anyone?