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SarahBell

Have You Ever Lost Money Buying A Property?

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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 ;-)

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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.

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Yes paid £220k in July '07. Spent £15k on it. Sold in May '08 for £200k. :blink:

And could have been much, much worse. ;)

Actually starting to feel sorry for the guy that bought it. :o

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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.

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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 by SarahBell

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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.

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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).

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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?

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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. :rolleyes:

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  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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