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MrRee

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About MrRee

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    HPC Newbie
  1. No one can tell you what to do, as there are so many variables in play. What rate are you getting on your money? Are you living at home with parents - or renting and buying someone elses house for them? What is your opinion of where House Prices will go from here? You need to answer your own question really - but, for what it's worth, my opinion is this:- House prices will not increase faster than the 3% Gross interest you are making on your savings, if you are renting then you are effectively throwing good money away to assist someone else (and the rent will never stop, ever! Whilst a mo
  2. Not sure that you read my post accurately ... I gave an example of a bungalow bought for £197,500 in 2009 and sold this year for £325,000 ... only the garden was cleared and the internals decorated. Not sure what your personal markers are but, in my book, that IS a vast profit ....
  3. HA HA HA HA ..... you lot make me chuckle. For 3 years I have been attempting to buy another property, as a Holiday/Weekend retreat and the time to offer, and get 25% OFF, was Autumn 2009. Not before, or since has that been possible. And I thought it had further to fall, while those brave souls who bought in late 2009 are now selling a vast profits! In one case a bungalow by the sea sold for £197,500 - I could have bought for that too, but didn't!! It has just sold for £325,000!!! The time for bargains has passed I'm afraid. I like nothing better than baiting and tormentting EA's - the sam
  4. If it makes you feel better then do it - I will be interested in the replies (if you get any). You are stating accurate facts and facts the EA is fully aware of ... the statements will come as no shock to the EA concerned. At the end of the day, you are either an active buyer in the current market, at the current prices, or you are not .... you clearly are not and therefore should really spend your time doing something constructive with your family or some hobby - anything that is less negative. IMHO. I am looking to buy too - and, yes, it annoys me a lot that the prices are not falling and
  5. Excellent, well written and well observed report. There is, indeed, an abnormal property market at the moment - driven by the free market. I am Middle Class, with a large savings pot earning very little in the Bank - maybe 3%. I have looked at the BTL market and the properties which offer 7% before expenses seem attrractive. They also seem like a safe haven for my money - what if the Banks go under? The Compensation arrangements will not be worth the paper they are written on in a crash - I was a part of the Icelandic fiasco where I thought I had lost my money (despite all the Icelandic Go
  6. The market has, without doubt, picked up in the past month - in/around Reading. Same is happening on the South Coast along from Milford-on-Sea through Barton to Bournemouth ..... 'new' properties hitting the market at high (yet maybe sensible? prices) are selling within days ...... hours even, in the case of one property I went to see .... sold within the hour it took me to drive there to view!!!!!!! I've been studying the market from Reading down to Bournemouth, and all points inbetween, from 2008 when it all went tits up ...... 2009 saw the absolute bargains (with hindsight) and 2010 saw a
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