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crash 2005

Tv House Lowers Asking Price, Again!

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Published on 20/08/2005

A HOUSE filmed for a TV property programme has had a further £5,000 knocked off its asking price.

The three-bedroomed semi on Green Lane in Carlisle was on the market at £129,950, then reduced to £124,950, and is now on the market for £119,950.

Sheila Gouge’s home, will feature in the programme Location Location Before & After being broadcast on Channel 4 next year.

Mum-of-two Sheila‘s home went on the market in April and property experts Kirstie Allsopp and Phil Spencer carried out a makeover.

http://www.newsandstar.co.uk/news/viewarticle.aspx?id=274712

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In all fairness I don't think KA & PS should be the real hate icons for this board... Sarah Beeny's effort was far worse, with the message 'Buy a property, ****** up horrendously redeveloping it and yet still make a big pile of cash'. Not really responsible programming...

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In all fairness I don't think KA & PS should be the real hate icons for this board...  Sarah Beeny's effort was far worse, with the message 'Buy a property, ****** up horrendously redeveloping it and yet still make a big pile of cash'. Not really responsible programming...

Yeah, but even she despaired, she knew this was nothing more than flipping properties and admitted that most work added little value, even she said "buy some cheap kitchen units, fit a new white sink, scrub the bath up a bit and job's a good'un" etc.

This obviously went well OTT later on, but whilst the market bailed them out the cost over runs never actually cost them anything. It's like the NASDAQ bubble, you could of had a monkey pulling levers and picking stock and he'd still make a profit. Top Banana!

Edited by BuyingBear

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Yeah, but even she despaired, she knew this was nothing more than flipping properties and admitted that most work added little value, even she said "buy some cheap kitchen units, fit a new white sink, scrub the bath up a bit and job's a good'un" etc.

This obviously went well OTT later on, but whilst the market bailed them out the cost over runs never actually cost them anything. It's like the NASDAQ bubble, you could of had a monkey pulling levers and picking stock and he'd still make a profit. Top Banana!

When it was this easy to make loads of money out of property did you actually do anything? It's very easy to moan about how unfair the world is but unless you take action it's too easy being "wise after the event".

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In all fairness I don't think KA & PS should be the real hate icons for this board...  Sarah Beeny's effort was far worse, with the message 'Buy a property, ****** up horrendously redeveloping it and yet still make a big pile of cash'. Not really responsible programming...

Don't be so silly: that was the condition of the market when the programme was made. She made it abundantly clear that most of the time they would have made money even if they had done nothing with the properties, and that sometimes they could have made more!

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She made it abundantly clear that most of the time they would have made money even if they had done nothing with the properties, and that sometimes they could have made more!

Absolutely.

At least all these property flippers (in all their guises) have gone to the wall now. We're back to relying on the "genuine" housing demand.

All we have to do now is get the dumb house-sellers to realise that this is what drove the prices up...

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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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