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ARENAPUA

Guardian: I'm 42, paid off my mortgage and only work 2 days a week.

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Interesting, semi reasonable article and good for her but as always doesn't provide complete transparency..

https://www.theguardian.com/money/2018/jan/27/teacher-saver-audi-tt

1) Doesn't say where in the country she lives

2) Says she has help with the deposit - but not how much.

3) Tells of the size of the mortgage but not the total value of the house.

 

She seems like a nice person, quite down to earth; not one of those smug b*stard stories we occasionally get.  But I do wonder where these people come from.  If I was in that position, I certainly wouldn't go to a newspaper and offer my story.  I like my privacy, and what is the point?  Are these people actively sought out by data mining?

The obvious motive to this story is to still try and persuade young people that it's possible to buy a house.  But any sane, reasonably intelligent person would scoff at the (small) amount she borrowed being totally irrelevant in today's environment - more likely to create a backlash than not me thinks.

Looking at the number of reduced properties happening in the market now, and the (slight) change in media sentiment, I feel quite relaxed about the current environment. 

I live on the estate this property is located on. 

http://www.rightmove.co.uk/property-for-sale/property-63363292.html

Young couple, and they were totally taking the p*ss when first put on the market (I think at somewhere in the region of £315 or £320k).  It's listed as a house but is essentially a flat above a car port with one allocated space.  It's labelled as a house because it is an isolated building with just them in it. No garden...nothing.  Stairs go immediately from the front door to the first floor living quarters.  

I'm bl**dy happy because the flat has dropped significantly in the last month to £310k and now a couple of weeks later to £290k.  I still think completely overpriced - but I am loving the evidence of final capitulation.. :-)

I predict will be a small steady prolonged downward trend this year.  After a year of consistent reductions, buyers will be in a good place to negotiate discounts with sellers who are worried about further falls.  I intend to buy towards the back end of this year, with offers 10% under asking price.
 

 

 

 

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  • 406 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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