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TheCountOfNowhere

Property Snake Reductions Shot Up Today

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I still keep an eye on Property Snake ( not to be mistaken for property bee ) for the northamptonshire area.

There's been lots of pages of reductions, usually hovering around 10.

Today its shot up for 25 pages of reductions:

http://www.propertysnake.co.uk/site/locati...dated_date_desc

Thats the biggest number ive seen for some time.

Tallies with what i see with rightmove/property bee.

Well prices houses have been selling quickly, lots of over-priced crap now selling.

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But of course!

After watching the tottie face reality last night, I am sure a lot of people will be waking up to the truth that property can lose you everything!

leatherhead-natasha-md.jpg

Yep, more reductions coming as the exodus gains momentum and volume.

Edited by cashinmattress

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But of course!

After watching the tottie face reality last night, I am sure a lot of people will be waking up to the truth that property can lose you everything!

leatherhead-natasha-md.jpg

Yep, more reductions coming as the exodus gains momentum and volume.

What exactly was the "the tottie face reality" ? I dont watch TV, gave it up when I went into rented, havent bothered since, having noticed little I missed it and sh*t it is when I catch a glimpse of it round someones house.

Have I missed something important ? Should I get a TV now and enjoy years of property bashing ?

Edited by TheCountOfNowhere

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What exactly was the "the tottie face reality" ? I dont watch TV, gave it up when I went into rented, havent bothered since, having noticed little I missed it and sh*t it is when I catch a glimpse of it round someones house.

Synopsis...

Tottie is a 21 year old, ex estate agent...

Tottie wants to be like Beeny...

Tottie is quoted saying she wants to make her first million in property...

Tottie buys dilapidated cottage with big yard, plans to make a tidy profit by renovating...

Tottie gets mom to sell the family home to fund her ambitious project...

Tottie buys at height of boom, ca mid 2007

Tottie spends a fortune fixing it up...

Tottie gets valuations averaging a 15k loss, ca mid 2008...

Tottie has to move herself and mom into the developed property...

We await the outcome.

Edited by cashinmattress

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Synopsis...

Tottie is a 21 year old, ex estate agent...

Tottie wants to be like Beeny...

Tottie is quoted saying she wants to make her first million in property...

Tottie buys dilapidated cottage with big yard, plans to make a tidy profit by renovating...

Tottie gets mom to sell the family home to fund her ambitious project...

Tottie buys at height of boom, ca mid 2007

Tottie spends a fortune fixing it up...

Tottie gets valuations averaging a 15k loss, ca mid 2008...

Tottie has to move herself and mom into the developed property...

We await the outcome.

That'll save me watching it, ta :rolleyes:

If that was on the beeny show, last time I saw that a few years back they never actually priced the thing right,missed out selling fees/stamp duty etc and the "developers" looked like they were embarrassed about how much they had spent were fibbing.

15K loss in 2008, that's a 200K loss now.

We need more "real" reports on TV.

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That'll save me watching it, ta :rolleyes:

If that was on the beeny show, last time I saw that a few years back they never actually priced the thing right,missed out selling fees/stamp duty etc and the "developers" looked like they were embarrassed about how much they had spent were fibbing.

15K loss in 2008, that's a 200K loss now.

We need more "real" reports on TV.

The other family on the show was even worse off, I think they were looking at a 70k loss ca 2008.

It is good to have this on the tele though, medicine ala shock doctrine for the still delusional masses.

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How on earth did these property horror stories get past the official censor? Everyone knows property only goes up (as does tractor production). Clearly the production team should be assigned to Homes under the Hammer in order to see how ramping should be done!

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Guest Steve Cook

The number of buyers reduce relative to supply

House prices fall

Sellers who are in a position to do so, take their houses off the market

Supply tightens up

Eventually, the number of houses on the market is so small that supply does not quite meet demand leading to very modest increase in prices

Sellers are tempted back onto market by raised prices.

Supply shoots back up relative to demand.

Increased supply is further exacerbated by forced sales due to rising unemployment and possibly rising interest rates/taxes

Price falls resume in earnest

Despair sets in amongst sellers

Total market capitulation begins (Autumn 09)

Nice.....(if you are a buyer waiting in the wings) ;)

Edited by Steve Cook

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