SarahBell Posted March 6, 2009 Share Posted March 6, 2009 (edited) Says homes under the hammer presenters at the start of todays show. FFS It is from 2004 though. Edited March 6, 2009 by SarahBell Quote Link to comment Share on other sites More sharing options...
ShowMustGoOn Posted March 6, 2009 Share Posted March 6, 2009 Can you lose money that isn't actually yours to lose? The banks whose money was used HAVE lost money. Presumably they didnt interview anyone from the 90s crash? Quote Link to comment Share on other sites More sharing options...
General Melchett Posted March 6, 2009 Share Posted March 6, 2009 Yeah, bought a 3 bed mid terrace in Woking in 91 for 64K, sold in 94 for 63.5K. Arguable whether I made a real loss when you factor in everything, though, such as rent not paid. A 3 bed in Woking for 64K..... coming again soon ;-) Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted March 6, 2009 Share Posted March 6, 2009 I bought my first property using a mortgage. I never saw any of that interest again. I sold the house for 1k more than I bought it for (1987 - 1999). I also had to pay stamp duty and solicitors fees and on the way out we paid an EA more than a pound. Should have stayed living with my parents. Quote Link to comment Share on other sites More sharing options...
abharrisson Posted March 6, 2009 Share Posted March 6, 2009 Actually the statement is absolutely correct no one ever has lost money when buying a house........ the only time you can lose is when you sell it... thats a fact. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted March 6, 2009 Share Posted March 6, 2009 Not yet, ask again in a few years time when we are all living in a tent city. Quote Link to comment Share on other sites More sharing options...
sooperlids Posted March 6, 2009 Share Posted March 6, 2009 Yes paid £220k in July '07. Spent £15k on it. Sold in May '08 for £200k. And could have been much, much worse. Actually starting to feel sorry for the guy that bought it. Quote Link to comment Share on other sites More sharing options...
geoffk Posted March 6, 2009 Share Posted March 6, 2009 yes 50k and repossessed.. Quote Link to comment Share on other sites More sharing options...
time 2 raise interest rates Posted March 6, 2009 Share Posted March 6, 2009 Maybe he can ask one of the 120,000 who will get their house repossessed this year, but then it won't be them that lose the money on the property it will be the banks, how are the banks doing? Quote Link to comment Share on other sites More sharing options...
'Bart' Posted March 6, 2009 Share Posted March 6, 2009 Frank Lampard might just disagree with that statement. Quote Link to comment Share on other sites More sharing options...
the flying pig Posted March 6, 2009 Share Posted March 6, 2009 what a pointless question. past rises and falls are a matter of public record. the fact is that anyone who bought, say, 0-2 years ahead of a peak, and sold, say, 3-4 after it, will have made a nasty loss. most people haven't been in this position, that's beyond obvious. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted March 6, 2009 Author Share Posted March 6, 2009 (edited) what a pointless question. past rises and falls are a matter of public record. It was the opening statement on HUTH today. The nulabour media spin for this morning. Edited March 6, 2009 by SarahBell Quote Link to comment Share on other sites More sharing options...
La La Land Posted March 6, 2009 Share Posted March 6, 2009 Frank Lampard might just disagree with that statement. The couple, both 30, were together for seven years but Lampard was caught on two occasions with other women. The footballer, meanwhile, is said to have been enraged to discover in a Sunday newspaper that his fiancée had been married before. A relationship based on mutual honesty & trust, I see. Quote Link to comment Share on other sites More sharing options...
24gray24 Posted March 6, 2009 Share Posted March 6, 2009 Just as a matter of interest, if the bank repossesses your house and then sells it for a loss, it doesn't necessarily lose. It just waits 12 years until you've built up some more assets and forgotten about it, and then comes after you for the loss (plus 12 years interest). Quote Link to comment Share on other sites More sharing options...
0q0 Posted March 6, 2009 Share Posted March 6, 2009 Says homes under the hammer presenters at the start of todays show.FFS It is from 2004 though. How old were the people he was asking, 12 years old? Quote Link to comment Share on other sites More sharing options...
moonriver Posted March 6, 2009 Share Posted March 6, 2009 It was the opening statement on HUTH today.The nulabour media spin for this morning. oh yes, you mean another claim from the BBC's many property "experts" again? ... like their lady "expert" who told us earlier in the week on the Breakfast show, that there was now "green shoots of recovery" in the property market. Quote Link to comment Share on other sites More sharing options...
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