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lewissheridan

What You've Heard From Other People..

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"I will keep borrowing from the bank as house prices will always go up so i am not actually loosing any money"

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"There'll be a soft landing and then prices will start going up again"

"My house is worth £<insert over inflated figure here>"

"You can never lose in property"

"So and so sold their house for £x, mine must be worth at least £x+50k as its got a new kitchen"

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"Renting is so unstable. Why don't you buy and get some stability."

"Your being greedy. You only need a flat. What about living in dumpsville, it's only three stops on the train from Niceville."

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"I have to admit that renting does seem a lot cheaper than buying at the moment - an IO mortgage will cost around 5% per annum and you can rent a similar house where the landlord's yield is 3% or less without the hassle of maintenance and all the other invisible costs of ownership.

As house prices are now falling, or at best stagnant, where is the point in buying?"

Quote: My accountant.

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From a friend who is a clever guy normally:

"The government won't let it happen"

From people at work:

"My house is worth <blahblah>"

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Friend 1. who couldn't sell his 2 bed flat in London for what he paid for it one year ago

"I'm going to take it off the market and wait for prices to go up a bit"

-----------------------------------------------------------------------------------------------

Friend 2. who can't sell his 3 bed house in London for what he wants

"It's all going a bit slowly, the estate agents gave us some bad advice, so we're going to swtich agents."

-----------------------------------------------------------------------------------------------

Unknown Chav 1 to Unknown Chav 2 on a train last week

"My dads going to sell his place and move in with his girlfriend cause he reckons houses are going to fall alot"

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From somebody that has bought and sold three times in the past decade;

"I've never lost money in property"

I challenge that person to do it again in the next decade - and then report back :)

TB

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Both in the same day.

Mate: "I've put a offer in on a flat £170K".

Me "That's a lot of money on your own".

Mate "Yeah but it's only £x a month interested only"

Me " How do you plan to pay back the capital"

Mate" ??? :blink: "

__________________________

2nd Mate "I bought a few years back for £80k, it's worth £190k now.

Me "Your lucky, I missed out then, can't afford anythimng now".

2nd mate (sooo matter-o-factly) "Yeah don;t worry, they'll come round again."

Me " :blink: " (Wasn;t expecting that!)

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"But in the long term..."

(we're all dead)

"My Gran bought a house in 1955 for tupence-haip'ny and now it's worth half a million quid"

(And a pint of beer cost 1d, so...?)

"It won't crash in my area because their building a <insert building project>"

(In 2012 by any chance?)

"They're not making land anymore"

(Stangely enough they weren't making it between 1990 and 1996 either) or (They are building houses though)

It gets boring after a while

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I challenge that person to do it again in the next decade - and then report back :)

TB

Bit like asking Liverpool to wn the Champions League this year? ;)

But I'm supporting Liverpool.

To get back on topic

"****** me, he's bought a house for £600k. He's only a ******ing taxi driver"

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Houses wont drop?

Why I ask?

They just wont!

A typical sheeple remark - all talk and no substance!

Its better to be on the ladder than off!

Not when the ladder is falling!

We all struggled - when we bought interest rates were 15%!

If I could afford to buy NOW at 15% I would jump at it! Things could only get easier

Get your starter home and then move up the ladder - its a gradual thing

I'm too old to move up the ladder - Wage inflation will not eat away my debt, if anything IR will eat away my wage inflation!

Just buy something and then sell it - your bound to make easy money

<NO COMMENT> :angry:

Your best buying now coz I seen on the news that they are rising again!

That's what the VI's want you to think - I AINT NO SHEEPLE!

JUST F*CK OFF, YOU *****!!!!

That was my quote to about 90% of all other arguements about Houseprices :)

Bit like asking Liverpool to wn the Champions League this year? ;)

But I'm supporting Liverpool.

To get back on topic

"****** me, he's bought a house for £600k. He's only a ******ing taxi driver"

But Liverpool ONLY win the European cup - there is no way they can lose I would put my house on it if I could afford one :)

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"It won't crash in my area because their building a <insert building project>"

I've heard that one, the 50 blanks was Asda and 100 blanks was IKEA. Shame they didn't build any new roads to his house. ;)

The 150 blanks football stadium :blink: will be open for next season.

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Guest

Pub, Saturday just gone.

South Manchester.

(Background: Mate was gifted 200K from parent's downsizing exercise. Pays 90% of that to buy a house in late 2005, left his job, done a Sarah Beeny paint job, and house now on the market again).

Mate: "The market's really slow right now."

Me: (pretending surprise) "Really? But Rightmove have just said this week that houses are flying off the shelves."

Mate: (Genuinely surprised) "Yeah? Did they say where???"

Me: "Er, no."

:P

(Am I the only person here who thinks there's something like a three-year "perception lag" with the populous?)

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Girlfriend and I looked round a lot of new builds this weekend - "just to see what they are like".

We were virtually forced into it by the girlfriend's Dad who is constantly talking about when we will buy a house (he is a student landlord and long-time proponent of the "rent is dead-money" argument)

After looking round, seeing what we would get for our money and he did a few yield calculations on flats etc...:

{Slightly pained look on face}

'I suppose you're right. I suppose you don't really have much to lose by renting at the moment, but you could lose a lot by buying.'

This is the biggest change of sentiment I have seen. Sentiment really is changing!

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I've heard that one, the 50 blanks was Asda and 100 blanks was IKEA. Shame they didn't build any new roads to his house. ;)

The 150 blanks football stadium :blink: will be open for next season.

You live in Milton Keynes, and I claim my £5,

Peter.

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"why now that I think about it, I am a grasping, ill-informed tw@t"

Well ok, not really.

Work mate:"My house value has shot up in the last 3 years. If I sold and moved in with my mum I would have £50K in the bank".

Me: "Are you going to?"

Work Mate: "Errrr.....no!"

Me: Shrug!

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You live in Milton Keynes, and I claim my £5,

Peter.

S'right, "milk and beans" the "city of tomorrow".

Apparently an Asda, Ikea and the MK Dons will turn Bletchley into a boom town. I'm not convinced.

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from my wife, who is still determined to buy despite my views and thinks we had better buy a house before we miss out.

'There are so many houses for sale. How am I ever going to choose.'

I told her to make that comment when viewing and the seller is within ear shot.

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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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