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House Price Crash Forum

cynicalbuyer

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About cynicalbuyer

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  1. Made me laugh. I put a bid on a house earlier this year which was 10% below RV and 35% off asking. When challenged by the EA I was able to quote on RV, the work required to make the house up to RV and also point that the house was showing on irishhousehunter as being on the market for 3 years, sale agreed 4 times and back on the market each time with a reduced asking price. I could see the EA change his attitude in the instant, the smarm and bravado were gone to be replaced with a look of contempt. I genuinely thought he was going to tell me to leave the office. His smarm and attitude were back the next day when he called me to say there were other viewers, cash buyers in stronger position than me. I withdrew my offer on the phone and the contempt returned : ) Thank you to this forum and its members for helping me cut through the BS out there and provide me with the knowledge to make informed decisions! I am very glad I did not get this house or many others I thought were unmissable.
  2. I guess what this forum shows, is like most investments (yes property is an investment and can go down as well as up!), that it is a personal choice based on appetite for risk, personal circumstances and desire for preceived security of ownership. For me, with a young family, I have rented for many years and never felt secure in the tenancies or ever been treated in a respectful way by landlords who decide to sell or fail to carry out repairs,etc. My view is that I am now hugely in debt for a mortgage and will need to work until I am 60 to repay this. However, when I am in my 50's I know that, with inflation, my mortgage payments will be much lower in relative terms than they are today. When I am mortgage free at 60+, I will have an asset which I can do what I like with but if i decide to live on in my home (and that is an important term for me!) then I can do so without paying rent. Yes I need to get up every monday and punch my clock card to pay the mortgage but, you know what, if I was renting I would still have to get out of bed. As I say, each to their own. I am pro home ownership for my family but perhaps my views of renting have been jaded by growing up in rentals all my life.
  3. Interesting proposition, however, my concerns in student letting is annual 3 month voids plus I imagine that annual maintenance costs will be potentially higher than a comparablle 'family' let in another area. Also need to factor in CGT, income tax plus insurance and any management or advertising fees. I will follow this with interest.
  4. Well, I recently viewed http://www.propertynews.com/Property/Belfast/PNC555000/17-Knockbreda-Drive/191561031/ as price dropped (again) to £159k - all I can say is - I now see why it has been on the market since 2007 and not sold! Size is surpisingly not such an issue, location is superb, nice street, etc but a builder reckoned £30k needed to sort out some underlying issues. I'll walk from that, thanks.
  5. And again without the inadvertent Perhaps I am being thick but what is the social benefit / driver for this. Is it: a. improving affordability for people living within disadvantaged areas; or b. attempting to encourage people to buy into disadvantaged areas and leading to a degree of equalisation across house pricing? If b. then surely that will have a negative effect for people living in disadvantaged areas wanting to 'trade up' or indeed FTBs!
  6. Perhaps I am being thick but what is the social benefit / driver for this. Is it: a) improving affordability for people living within disadvantaged areas; or attempting to encourage people to buy into disadvantaged areas and leading to a degree of equalisation across house pricing? If ( then surely that will have a negative effect for people living in disadvantaged areas wanting to 'trade up' or indeed FTBs!
  7. Pick a number, any number......In fairness, whilst i agree with your comments on T&R, from my own experiences and what I have read on HPC previously, BTW seem a 'little' more sensible in their pricing.
  8. Properties on the PDF brochure at 350k show that this was Dec 2007. A straight 50% drop off this asking price. I remember bidding in that area for houses in 2004-2006 was crazy.
  9. I was preciously looking at detached 3-4 beds in BT8 and Four Winds but think a lot of these are way over priced when you consider the value at the moment in the 3 bed semi market. I have started looking seriously at this now and have seen some great (relative to 4 beds) value in the Rosetta / Knockbreda area which I know fairly well. One of the best has to be this http://www.danielmcgeown.co.uk/KP/images/pdfs/64_671_ECS10621_ECS.pdf now going at this - http://www.propertynews.com/Property/Belfast/PNC555000/17-Knockbreda-Drive/191561031/ . Anyone any thoughts on this house / area?
  10. Nice house, great garden and good location. Pricey though when you can pick a detached in Malone (e.g. Bladon) for £350k(asking)....
  11. I had to laugh when I saw the sales literature which had the 'price' column titles 'Suggested Price' - i.e. no basis on anything but hoping you will be gullable enough to pay.....Not sure if they are actually sales listed or merely booked sites.
  12. Interesting, I know back in the day TR used to low ball the asking to get bidding interest and was wondering if they have now flipped that strategy and are now open to decent negotiation so that the buyer feels they are getting a bargain. Being the optimistic bear that i am . Sounds like this is not the case though .....anyone had any experiences of making cheeky offers to TR?
  13. My thoughts exactly doccyboy, any of the bears on HPC actually bought or made an offer on this development? On a separate point, Templetons pricing across the board seems 'out of touch' to say the least. Looking for a 4 bed detached and saw some of their price in Garland an Royal Lodge and nearly choked. £350k for a 4 bed in four winds in need of kitchen / bathroom replacement. Good luck to them!
  14. Has anyone had any experience either bidding on or buying in Bracken Hill? Nice houses, shame about the prices but will Templeton or BTW negotiate? Appreciate your thoughts....
  15. As always, sound and balanced advice here on HPC. Thanks for all the input - I am sticking to my offer and waiting on the outcome. If this doesn't succeed then I am happy to wait for the right house at the right price and continue saving but am actively looking to buy now for non-financial reasons. Will keep you posted.
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