Jump to content
House Price Crash Forum
Sign in to follow this  
Dazbo1983

Is The Penny Starting To Drop?

Recommended Posts

I had an interesting conversation with a friend who bought in 2004/5 and has been trying to sell his house for 18 months without any interest (due to the asking price being too high).

He has always maintained that 'house prices always go up'.

The house next door is pretty much identical and also for sale but for 30% less and STILL hasn't sold after 3 months.

In the past he has told me to "buy it - you will immediately have 30% equity!"

The tone of the way he was talking last night pretty much conceded that he is in negative equity and therefore unable to move AND that he thinks prices will drop a lot further.

Let's just hope that this is a sign of a change in sentiment!

Although I sympathise with his position, at least HE HAS his own home!!

Has anybody else observed anything similar?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.