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House Price Crash Forum


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Posts posted by tenroom

  1. It is due to the largesse and desperation of HAs that have seen their income streams shrivel as government subsidy is ending. So, they have turned to the property flipping game.

    There isn't any "meat on the bone" with this deal so I don't think it's a flip.

  2. because he's a turdwrangling bullshitting estate agent.

    You can detect the motives of posters on these threads by the number of times they post. Gives you a clue how desperate they are.

    TurdRoom - 20 posts.

    Casual Homserver - 35 posts.

    Oh dear.

    Q107 eh ??

    You're a gimp pure and simple . . . . £3m, my ar5e <_<

    Livin' with yer mum at 40 more like

  3. I warned people to sell just before xmas (even then that was leaving it late), I think you have left it too late to get full market value. :(

    I beg to differ with you there, sir. If I'd followed that advice, there's no way I'd have got the asking price on my place. Believe it or not, if I'd sold it before Xmas, I'd have been lucky to get £280K. Waited 3 months and BANG ! . . . got £325K.

    Please don;t ask mw how that's possible but, as my buyer said after shaking hands on the deal, "If you'd asked for that kind of money in November or December last year, I'd've laughed you out of the office. Now, my competitors would tear your arm off just to get thru your door" . . .

  4. Why don't you gazunder your buyer if you believe you can make another 30k?

    Come to that, why are you STRing at all if you believe London property will continue to appreciate?

    If the market continues to rise, as you appear to believe it will, wouldn't you be better off if you use rental income for your travelling, then return to an even bigger pile of lubberly equity?

    Because I'm not daft . . . or greedy. Foxton's may very well be able to find someone to offer a lot more, but the surveyor doing the valuation for their buyer's mortgage lender is unlikely to share the agent's opinion on my gaff's value. Cash buyer, no valuation probs . . .

    Even if I did think London property was going to continue to soar, I think the window for selling my type of property at the "top" of the cycle is far narrower than that for period conversions. I'm STRing because I don't want to be a slave to a debt anymore, not because I'm planning to profit from someone else's negative equity misery by bowling back in if the market collapses. I'm spouse and sprog-free so I can pretty much do what I like and, in this day and age, that's a helluva luxury . . .

  5. put the littel turdwrangler on ignore.

    Makes for a fun thread - 20 posts of people slagging off 'tenroom'. :lol::lol::lol:


    Although it would probably be better if the mods marked him down for what he is - a troll estate agent trying to get a rise out of the board.

    Ah, Mr Q107 . . . :lol: Ladies and Gentlemen, please . . . a round of applause for everyone's favourite BTLer. We were supposed to be impressed with his "£3m" and your "shrewdly-timed" :lol: exit from BTL-dom and his Q107 crash-call . . . Still lurking behind the popular kids are you . . . none of their lustre rubbed off on you yet ??

    The problem must be the price you're asking, then. Drop it and hopefully you'll get some offers

    Mate, the gaff's under offer, housing association cash buyer, FULL market value, no estate agent fees. And if that wasn't enough, Foxton's are literally begging me to give 'em shot at getting me another 30 large . . .

  6. You are the most boring person on this site.

    It makes me laugh how on the profile tab, you say you are 'neither', yet you only ever post to slag bears off or to have a barney with someone.

    And even when making a comment or posting a link about HPI/HPC, you use it as a dig at people.

    Bore off will you...........

    I don't care what you think . . . considering how much slagging off you do yourself.

  7. Shaddap . . .

    So what if most analysts are predicting rates'll go up by another quarter . . . is that really going to crash the market ?? Lots of you reckoned 5.5% would have everyone running for the exits but I've yet to be bowled over by bailin' BTLers . . .

    Fernando . . . if your bird's regular pilgramage to my gaff in Ladbroke Grove is anything to go by, my coming late is considered a very welcome and refreshing change . . .

  8. There's sub-prime and there's sub prime. The Northern Rock's criteria is fairly tame compared to the atrocities over the pond. Quick skim read showed nothing more onerous than 90% LTV, some expensive valuation and application fees and er . . . that's pretty much it. Their unlimited adverse product only goes up to 75% LTV. All told, some fairly prudent sub-prime lending . . . move on . . . nothing to see here

  9. Quite often on this forum people lamblast BTLers for using property to try and make money. They're greedy we're told. Wanting to make money without producing anything worthwhile. Using people and property price increases to feather their own nest at the expense of The Great British Public. People shouldn't use homes to try and profit we're told, it's morally wrong. We're also told they are idiots for gambling in this way.

    But is'nt that exactly what STRers are trying to do? Selling up and gambling on future price drops either by buying another similar home and pocketing the difference, or in the hope of buying a bigger home for their money at someone elses misfortune if/when prices do come down?

    Seems to me the only difference is that the BTLers are making money (as house prices go up) and the STRers losing (for the same reason).

    Personally I don't think there is anything wrong with STRers, but then I don't think there's anything particularly wrong with BTLers either, it's just business...

    *Willit retires to safe distance and dons tin hat*

    You speak the truth . . . to a point. I'm STRing but only because, for now, I'm sick to the back teeth of having to do a well-paid but soul-destroying job in order to service debt. I'm surrounded by self-important automotons in dark suits all using the same cliches like "meeting the interests of the company going forward" or "fit for purpose". Also I think now is a great time to pile out of ex-LA property. These properties fall first and farthest when crashes occur and IMO, there isn't much further for them to go.

    I won't deny that at some point in the future, I'll be looking to pile back in to the market but for now, I'm perfectly happy to leave the status anxiety, potential negative equity and killer hours to the brainwashed . . .

  10. Read the rest of the thread. The idea is for her to front the Priced Out campaign.

    Priced out ? Well that's far more worthy without a doubt but again, what on earth is she gonna do ? Screw 50% deposits outta the government for every FTB ? Perhaps organise a rally through central London culminating in Coldplay, The Rolling Stones and Craig David playing a free concert for FTBs in Hyde Park ??

    Sorry but they're just going to have to wait for the correction . . . like everyone else <_<

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