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

0.25% IRs and £170B theft starting to kick in...

Recommended Posts

Rightmove listings for northants over the weekend look truly insane.

4 bed houses in modern estates  with the roof converted being listed for £600K

http://www.rightmove.co.uk/property-for-sale/property-44745981.html

These places woud have struggled to sell for £250K a handful of months ago.

Share this post


Link to post
Share on other sites

I'm always grateful just to see another house come to market, in my search areas.  Despite the extreme asking prices.  They have always sold, but just perhaps with S24 and SDLT surcharge, things might begin to seize up for some sellers from this point, meaning they have to make more cuts to asking prices.

Probably overpaid in late 2002, but now they have to find a buyer.

Quote

 

Sale Date: 20 Dec 2002    
Detached, Freehold (New Build)    
Price Paid: £372,000

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=44745981&sale=60931815&country=england

 

 

Share this post


Link to post
Share on other sites

This is criminal in my opinion.

 

http://www.rightmove.co.uk/property-for-sale/property-53521288.html

 

07/10/2016,    

    Status changed: from 'Premium Listing' to 'Available' 

14/09/2016,    

    Brief Description changed: PUBLIC NOTICE: 31 MALTINGS PLACE READING BERKSHIRE RG1 6QG. CARSON & CO- We have received an offer of £235,000. £215,000. Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place. The apartment has one bedroom with fitted wardrobes, kitchen, bathroom and living area. (contd...)  

21/06/2016,    

    Price changed: from '£230,000' to '£225,000' 

04/05/2016,    

    Brief Description changed: The apartment has one bedroom with fitted wardrobes, kitchen, bathroom and living area. This property is on the ground floor and has the unique offering of a private enclosed garden and parking space. PUBLIC NOTICE: 31 MALTINGS PLACE READING BERKSHIRE RG1 6QG. We have received an offer of £235,000. Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place. (contd...)  

06/04/2016,    

    Initial entry found. 

Share this post


Link to post
Share on other sites
3 minutes ago, hi5lo5 said:

This is criminal in my opinion.

 

http://www.rightmove.co.uk/property-for-sale/property-53521288.html

 

07/10/2016,    

    Status changed: from 'Premium Listing' to 'Available' 

14/09/2016,    

    Brief Description changed: PUBLIC NOTICE: 31 MALTINGS PLACE READING BERKSHIRE RG1 6QG. CARSON & CO- We have received an offer of £235,000. £215,000. Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place. The apartment has one bedroom with fitted wardrobes, kitchen, bathroom and living area. (contd...)  

21/06/2016,    

    Price changed: from '£230,000' to '£225,000' 

04/05/2016,    

    Brief Description changed: The apartment has one bedroom with fitted wardrobes, kitchen, bathroom and living area. This property is on the ground floor and has the unique offering of a private enclosed garden and parking space. PUBLIC NOTICE: 31 MALTINGS PLACE READING BERKSHIRE RG1 6QG. We have received an offer of £235,000. Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place. (contd...)  

06/04/2016,    

    Initial entry found. 

Sounds like someone's mortgage company didn't agree with that valuation and bid...

Share this post


Link to post
Share on other sites
Just now, koala_bear said:

Sounds like someone's mortgage company didn't agree with that valuation and bid...

The had a bid in May for 235K and 21st Jun price reduction .. Something doesn't add up

Share this post


Link to post
Share on other sites
1 hour ago, Venger said:

I'm always grateful just to see another house come to market, in my search areas.  Despite the extreme asking prices.  They have always sold, but just perhaps with S24 and SDLT surcharge, things might begin to seize up for some sellers from this point, meaning they have to make more cuts to asking prices.

Probably overpaid in late 2002, but now they have to find a buyer.

 

Should be worth about £200K in line with inflation.

 

The bankers and their MP puppets are truly evil people.  Think how well the econony would be doing ( and how bank the bankers would be doing ) if house price inflation was prevented back in 2000.

 

Gordon Brown should be in jail. IMHO

Share this post


Link to post
Share on other sites
38 minutes ago, TheCountOfNowhere said:

Should be worth about £200K in line with inflation.

The bankers and their MP puppets are truly evil people.  Think how well the econony would be doing ( and how bank the bankers would be doing ) if house price inflation was prevented back in 2000.

Gordon Brown should be in jail. IMHO

Yes, but no one dragged the buyers to viewings, or to many offers of every higher prices.  Millions of market participants happily took part in the foreverHPI, and still celebrate it today, or 'what it is worth'.  

So long as you don't want to compensate 'victim' owners who are sat on fortunes of HPI.  They've already had 8 years of massive forbearance policy, to satisfy 'owner-innocence' and 'bankers to blame'.  

And since 2008, other buyers went straight into paying ever higher prices, and a BTLer double down in many parts (terrace house in South Manchester... who gets it... oh another BTLer outbids a renter yet again, time over time).  There's £Trillions in equity on the owner side, if you need to see where the mad-boom riches are.    A few bankers enriched themselves - nothing vs the wider asset inflation.

Bank shareholders took very hard hits.

 

Share this post


Link to post
Share on other sites
19 hours ago, TheCountOfNowhere said:

Should be worth about £200K in line with inflation.

 

The bankers and their MP puppets are truly evil people.  Think how well the econony would be doing ( and how bank the bankers would be doing ) if house price inflation was prevented back in 2000.

 

Gordon Brown should be in jail. IMHO

I'm not sure about that. Prices should rise with wage inflation, not price inflation and outside of minimum pay wages really haven't increased much in the past 15 years.

I did some calculations last week and even up north were prices look sane I actually think prices have 15% or so still to drop...

 

Edited by eek

Share this post


Link to post
Share on other sites
22 hours ago, TheCountOfNowhere said:

Should be worth about £200K in line with inflation.

 

The bankers and their MP puppets are truly evil people.  Think how well the econony would be doing ( and how bank the bankers would be doing ) if house price inflation was prevented back in 2000.

 

Gordon Brown should be in jail. IMHO

+1

Share this post


Link to post
Share on other sites
On 10/10/2016 at 11:41 AM, TheCountOfNowhere said:

Rightmove listings for northants over the weekend look truly insane.

4 bed houses in modern estates  with the roof converted being listed for £600K

http://www.rightmove.co.uk/property-for-sale/property-44745981.html

These places woud have struggled to sell for £250K a handful of months ago.

Have you posted the wrong link?

That house last sold for £372k in 2002 and recent sales in that area are nowhere near £250k

http://www.rightmove.co.uk/house-prices/NN4-6JN.html?backListLink=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DPOSTCODE%5E1828748%26minPrice%3D500000%26maxPrice%3D650000%26minBedrooms%3D5%26radius%3D0.5

 

 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   92 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

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.