

sta100
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About sta100
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HPC Poster
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BBC: Stamp duty holiday deadline 'is making us nervous'
sta100 replied to rantnrave's topic in House prices and the economy
Also, I hope you're the first rung of the ladder otherwise your buyer has you over a barrel... -
BBC: Stamp duty holiday deadline 'is making us nervous'
sta100 replied to rantnrave's topic in House prices and the economy
I totally understand this. However, you do have some when you've been in the chain for several months and about to miss the stamp duty deadline. -
I was thinking the same thing, "pull out" is the standard reply, houses are worth a lot more!
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BBC: Stamp duty holiday deadline 'is making us nervous'
sta100 replied to rantnrave's topic in House prices and the economy
Surely in many instances the top of the chain sitting on 500k+ of hpi can drop 15k to get the sale through. Are people really this stupid? -
BBC: Stamp duty holiday deadline 'is making us nervous'
sta100 replied to rantnrave's topic in House prices and the economy
It's "their money" rather than some borrowed imaginary money, and also the house isn't a 'bargain' anymore because they have to pay stamp duty - big psychological difference. -
BBC: Stamp duty holiday deadline 'is making us nervous'
sta100 replied to rantnrave's topic in House prices and the economy
When there's been a continual incentive to borrow this is the result, spend 500k on a house and they literally leave themselves with a few thousand of savings. -
RICS - Housing Market Slowed in January
sta100 replied to rantnrave's topic in House prices and the economy
https://www.rightmove.co.uk/properties/86719501#/ Here ya go, on market for 290, sold for 319k in 2019. Fill yer boots lol -
London flats are effectively crashing as we speak. End of furlough will increase unemployment. I think the market is on a cliff towards a downward spiral.
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So what you're saying is that this is the first time in history where unemployment has massively risen without a house price correction? New paradigm then...
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Well, I just can't imagine what your identity would be if it turns out that HPI is just a cancerous ponzi scheme that's screwed up society. Surely the ego would be particularly scared if all those gains were wiped out tomorrow.
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Twenty thing I didn't buy a house in 2007, invested in a business instead and created something real. Now do I not only have enough money to buy something decent in cash, I didn't make it sitting around doing naff all. Even if there's a massive HPC I can go out and generate more wealth, so no wonder people like you are constantly crapping it.