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GAL BEAR

My Hairdresser -ea Told Her To Drop Price

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:(

My hairdresser had her house in Rainham (Grotty place nr. Romford)

valued last summer. It was valued at £170 grand

They did want want to sell it then - just wanted to know

how much it was worrth.

Had the SAME EA round to value it last week - she got quite a shock -

he had dropped the valuation to £140 - £150 grand.

She was having a right go about it.

I asked her how much she paid for it, she said £100 grand

just 3 ys ago.

I said - "what are you moaning about that's still about a 40 grand

profit !"

But she was really 'humpy' about it. She said she can't believe that

house prices have gone down espcially as the Olympics are coming !

I explained to her (as I have done on several past hairdressing visits

when she kept harrassing me to buy) that FTB'S are priced out of

the market.

I said "Everyone who is going to buy has bought, there is no-one

left to can afford to buy now - THE 'WELL' IS DRY !!

She said "Yes but people will still need homes, what about

all the school leavers, they will eventually need homes !!

YOU COULD NOT MAKE IT UP !!!!!

:lol:

Edited by GAL BEAR

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:(

My hairdresser had her house in Rainham (Grotty place nr. Romford)

valued last summer.  It was valued at £170 grand

They did want want to sell it then - just wanted to know

how much it was worrth.

Had the SAME EA round to value it last week - she got quite a shock -

he had dropped the valuation by about to  £140 - £150 grand.

She was having a right go about it.

I asked her how much she paid for it,  she said £100 grand

just 3 ys ago.

I said - "what are you moaning about thats' still about a 40 grand

profit !

But she was really 'humpy' about it.  She said she can't believe that

house prices have gone down espcially as the Olympics are coming !

I explained to her (as I have done on several past hairdressing visits

when she kep harrassing me to buy) that FTB'S are priced out of

the market.

I said "Everyone who is going to buy has bought, there is no-one

left to can afford to buy now - THE WELL IS DRY !!

She said "Yes but people will still need homes, what about

all the school leavers, they will eventually need homes !!

YOU COULD NOT MAKE IT UP !!!!!

:lol:

That really sums up your average person's view. There's a real belief that prices can go up year after year after year. I had a similar conversation at the weekend - the guy just couldn't see that someone's got to be able to afford to buy the damn house!

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That really sums up your average person's view. There's a real belief that prices can go up year after year after year. I had a similar conversation at the weekend - the guy just couldn't see that someone's got to be able to afford to buy the damn house!

Had the same type of convo at work today, it annoys me to think that i get paid the same as these people.

Him Reading the paper:

Hmm looks like house prices have fallen for 11 consecutive months but they will pick up now with a IR cut.

Me: well theres no certain.....

ha ive just realised how long and boring the conversation was, "they wont let it happen", "i think they will come down but wont crash"

bleh cant be botherd

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That really sums up your average person's view. There's a real belief that prices can go up year after year after year. I had a similar conversation at the weekend - the guy just couldn't see that someone's got to be able to afford to buy the damn house!

Even if it goes on for £140,000, it will sell for £120,000 or less perhaps, as the agents will have priced in a 10% drop on asking price. I don't know her but I can picture her and she really annoys me... :angry:

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Guest Bart of Darkness
She said "Yes but people will still need homes, what about

all the school leavers, they will eventually need homes !!

Sorry, they will have "missed the boat". If you didn't buy in the last few years you will never be able to buy. Ever. It's the law.

Being too young is no excuse. They should have taken out a mortgage based on a higher multiple of their pocket money (factoring in projected future rises in income from a paper round of course).

Anyway, who needs FTBs anyway. They've deserted the market and yet everything is still rosey in the housing market.

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Guest Bart of Darkness
I know you were being ironic, but...

A picture is worth a thousand words.

Saves a lot of typing as well!

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Interesting how knee-jerk this attitude is...

"People still need homes."

Sure.  So they can rent, can't they? 

Why is this sensible solution ignored by so many sheeple, I wonder?

= = =

A similar bit of popular nonsense on the radio this morning.

They were talking about whether or not the greenbelt, which is 50 years old

today- should be used for new homes.

They all ASSUMED that there was a shortage of homes, because property

prices had risen in recent years.  No on questioned this, and No one mentioned

that rents are falling.  There was some talk that nurse and teachers should have

access to "affordable housing"

Frankly, I am very tired of this line of argument.

If they were saying that nurses and teachers should be able to afford to rent,

then they would have my every sympathy.  But to say the so-called "key workers"

should be guaranteed a cheap rung on an overpriced property ladder leaves

me very cold.  My taxes are high enough already, and the public sector has

access to guaranteed pensions for alot less work and creativity.

If a serious recession comes, there will be big pressure to cut public sector

spending, and all the feather-bedding will have to go

From the radio to central news at 6pm, 84% of people dont want it built on. They want people to email thier view which will be read out later.

ITV Central news ... i dunno :rolleyes:

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Tis all very sad. If people won't research or listen there is nothing to be done.

A colleagues therapist (that's beauty, not psychy) bought a flat in North London three weeks ago!!!! Single girl. Now crying every night because she is missing her mum.

When my colleage mentioned that the therapist was looking to buy, I suggested she might rent for a while instead, the reaction......... "Renting! are you totally MAD!"

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[Anology mode]

Great!

I've just got meself behind the Wheel of a Large Musclecar, im in for a ride!

What?

There's no Petrol in the Tank?,

Don't be silly, it goes doesnt it?, it did before, i'll be hitting top speed shortly :huh:

What's that?, a shortage of petrol means im not going anywere??, dont be daft!

[/anology mode]

B):rolleyes:

Edited by A Fool & His Borrowed Money

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:(

My hairdresser had her house in Rainham (Grotty place nr. Romford)

valued last summer.  It was valued at £170 grand

They did want want to sell it then - just wanted to know

how much it was worrth.

Had the SAME EA round to value it last week - she got quite a shock -

he had dropped the valuation  to  £140 - £150 grand.

She was having a right go about it.

I asked her how much she paid for it,  she said £100 grand

just 3 ys ago.

I said - "what are you moaning about that's still about a 40 grand

profit !"

But she was really 'humpy' about it.  She said she can't believe that

house prices have gone down espcially as the Olympics are coming !

I explained to her (as I have done on several past hairdressing visits

when she kept harrassing me to buy) that FTB'S are priced out of

the market.

I said "Everyone who is going to buy has bought, there is no-one

left to can afford to buy now - THE 'WELL' IS DRY !!

She said "Yes but people will still need homes, what about

all the school leavers, they will eventually need homes !!

YOU COULD NOT MAKE IT UP !!!!!

:lol:

The estate agent (who was probably being optimistic, as they tend to when pitching for business) just told her she'd lost a year or two of her (post-tax) hairdresser's salary for holding on to her house for an extra year.

True as it may be, nobody wants to hear that... she's got to work another few (five/ten?) years more and save like mad just to get back to the position she COULD have been in last year.

Is that officially the ANGER rather than DENIAL stage?

:lol:

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I know you were being ironic, but...

_41276317_house_070705_gra203.gif

Yep, and that graph is going to bounce right off the line across the bottom. Imagine the horizontal line with the 3 next to it is a mirror, and the red and blue lines are like rays of light.

Interest rates are coming down tomorrow, which will boost sentiment loads and loads and everybody will keep their jobs forever and wages will go on rising and there won't be any economic competition from China, and oil will go down in price and the buy to let brigade will be able to retire with squillions of pounds.

Edited by Levy process

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...

They were talking about whether or not the greenbelt, which is 50 years old

today- should be used for new homes.

...

Dont mean to hijack the thread but lately I've come to realise this is one of the benefits(?) of crazy housing bubbles. Land which was not on the market is now being sold as the owners think they can get rich quick. I know that destroying a greenbelt in the expectation of short term profits is really short sighted and shouldn't be applauded, but places which maybe would never have been on the market are now available.

Of course they are insanely priced but you never know what the future holds. In my case I've had my eye on an area that I wouldn't mind living in but I could never justify the current prices. Recently a large vacant block of land has come on the market that is exactly what I want - a mosquito infested swamp near the coast with lots of wildlife, good fishing and no neighbours, a place I actually used to visit regurlarly when I was living close by (I think the local council is selling it off). I'm pretty sure this particular piece of land would not have been on the market but for the housing bubble. Now if only it stays on the market for a couple of years so they'll accept my 50% offer... or an overleveraged distressed "investor" on sells it to me in a couple of years at 50% off its current price, I'll thank the housing bubble gods for delivering me my perfect property rather than continue to curse them. :)

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  • 301 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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