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Sunderthine

Ultimate Ea Desperation

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:P It's an office with a garage on the side.....

72715_1977113_IMG_01_0000_max_620x414.jpg

The Property is currently registered as Commercial so Cash buyers only or Commercial Mortgage.

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I thought that the Trade Descriptions Act would forbid calling an office a 'house'. It's not a house. It's an office, ffs!

Surely the twigs in the vase make it a house?

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You think that's desperate wait until you see what 2 years' worth of stagnation will do to them.

Taking the pain quickly and then moving on is preferable to slowly starving to death.

Problem is at the moment there are still too many of them that think 2000-2007 was business as normal, as opposed to business as bubble, and that somehow in the future that there is some forlorn hope that the market will go back to this state.

GIve it a year or so and they will be begging for a crash.

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You think that's desperate wait until you see what 2 years' worth of stagnation will do to them.

Taking the pain quickly and then moving on is preferable to slowly starving to death.

Problem is at the moment there are still too many of them that think 2000-2007 was business as normal, as opposed to business as bubble, and that somehow in the future that there is some forlorn hope that the market will go back to this state.

GIve it a year or so and they will be begging for a crash.

Not forgetting those who got caught up in BTL too.

You can gauge their sentiment over at the EAToday site, where a short, sharp crash is still borderline heresy to all but an enlightened few.

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Not forgetting those who got caught up in BTL too.

You can gauge their sentiment over at the EAToday site, where a short, sharp crash is still borderline heresy to all but an enlightened few.

That's the only reason that I can think why they don't want a correction - that they are so loaded up on BTL that they would prefer to sacrifice their jobs rather than their portfolios. They may of course end up doing both.

What's more interesting to think about is that anyone in the ea game will have had to be in it for about 15 years or so to really remember the last crash and the implications of it.

There's a whole generation of eas grown up in this bubble and known nothing else. It's hardly surprising that they see the return to the bubble conditions as a return to normal, whereas it takes someone who digs a little deeper to see the years since 2000 for what they really were.

Similarly for buyers. When people talk about house prices only going up, for many of them this is backed by the evidence that during their 15 years or so in the marketplace they have. Anyone under the age of 45 or so in unlikely to remember a major HPC.

To some degree this explains the market resiliance.

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  • 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%



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