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kenclarkesshoes

Estate Agent Anecdotal

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my local EA is a very nice young chap - he is 26.

I said houses were overpriced and he said about 50 %.

He said he simply couldnt afford to buy one.

I had a talk with him in March 2003 and he was still very bullish back then.

I am not making this up.

I can tell you which EA it is .

Edited by kenclarkesshoes

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I can tell you which EA it is .

Go on then. We want his name, address and a photograph.

On a serious note, most EA's in Leeds appear to be under the age of 25. It is paradoxical to think that house prices have moved out of the reach of most EAs. Is it like a Mercedes sales person having to drive a Focus?

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It is paradoxical to think that house prices have moved out of the reach of most EAs. Is it like a Mercedes sales person having to drive a Focus?

lol

There is some justice in the world :D

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Yeah Ferraris are overpriced by about 95% because I cannot afford one.

Just because an agent cannot afford a house does not mean the house is overpriced.

1. Is his household a multiple income earner?

2. How much does he earn?

3. How long has he been working?

He should have bought a house 2 or 3 years ago.

I purchased a house in the NE a year and a half ago for 88k. The house next door is rented for £450 pcm and the tenant told me he is waiting for the prices to crash before buying. He had looked at buying in the area 3 years ago and found it easier to rent. A 3 bed terraced 3 years ago would have cost about 30-40k. Now they are 95k plus.

No buyers = plenty of tenants and also eventually = Crash = less equity for landlords + foreclosures = more deals for the astute buyer with cash available (this is assuming rental demand will be equal)

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He should have bought a house 2 or 3 years ago.

Do most 23-24 year olds in the UK own their home?

That seems a bit young to me.

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my local EA is a very nice young chap - he is 26.

I said houses were overpriced and he said about 50 %.

He said he simply couldnt afford to buy one.

I had a talk with him in March 2003 and he was still very bullish back then.

I am not making this up.

I can tell you which EA it is .

I actually met a youngish (late 20's to early 30's) EA showing me through a property two weeks ago who had sold his EA business and moved to employment with a competing agency.

When I tried to discuss whether he owned or rented, he said he was selling up and moving to rented.

I can't remember the words that made me believe it, but I believe he was selling up his home to pay off debts he'd built up in his EA business & hadn't fully paid off in the sale.

This was in Battersea SW11.

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Karen,

from: http://www.redrow.co.uk/PublishNews.aspx?id=881 from August this year.

"Suzanne Irons, sales director for Redrow Homes (South Midlands), said: “According to the Halifax, first time buyers have been priced out of the market in 92% of UK towns, the average age of a first time buyer has risen to 34 and fewer than three in 10 new mortgages are for first home owners. It’s also taking them twice as long to save up their deposit as 10 years ago"

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Go on then. We want his name, address and a photograph.

On a serious note, most EA's in Leeds appear to be under the age of 25. It is paradoxical to think that house prices have moved out of the reach of most EAs. Is it like a Mercedes sales person having to drive a Focus?

I took my Alfa Romeo in for servicing this week and just chatting asked the bloke behind the desk, probably about thirty, if he drove one as it was a dedicated garage. He said no, they were to expensive and he had just bought a house... :unsure:

Edited by Scooter

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Do most 23-24 year olds in the UK own their home?

That seems a bit young to me.

Hmmm fair point. Would have been far easier for him, though, a few years ago!!!

I know that it was easier for me to rent when I started work "in the real world" in 1998 - but I persevered and bought a flat instead. Cost about £150 less to buy at the time compared to renting. Not sure how I would manage if I were in a normal job now - find a rich wife I guess!!!!!

If I had known, however, I would have bought 10 flats and rented them out! :)

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oh. drat. i guess they will just have to go without one then ?

Yep, house prices only ever go up, don't you know.

In a few years time no-one in the UK will be able to afford to buy a house, we will all have to live in tents and caravans while the houses stand empty.

The very lucky few will be forced to rent and pay 90% of their take home pay to a rich landlord who lives on a yacht in the med.

If I were you I'd be buying up all the tents in China, before the prices become unaffordable!

Edited by BandWagon

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blast.

what about my plans to have a simple family in a modest house in an ordinary town ?

who speaks for my dreams ?

my local EA is a very nice young chap - he is 26

-add dick emery voice - "seems like a nice boy".

Edited by right_freds_dead

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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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