Jump to content
House Price Crash Forum
Sign in to follow this  
Converted Lurker

The First Case Of Serious Denial I`ve Come Across

Recommended Posts

Couple of houses up for auction tomorrow a relative is interested in (guide price 85+ probably go for 90 both needed 15-20 spending on them, with a top sale price of 130 for similar recently he could do worse) Anyhow, spoke to a neighbour who had a couple of Irish lads doing his path (it`s a Huyton thing :blink: ) asked him the history of the houses, talked re. amenities etc. I said that the most a house has sold for in the road is 120K but in the next road two had gone for 130K recently, so perhaps that`s a good guide as to the most you could get for a sale.. "Your joking lad, these are worth/cost about 165-170K now!" :o

Then it struck me that I`d hit a raw nerve, he`d told me he`d lived there for 4 years, paid 60K, he had "gutted it and replaced everything" at a cost I`d estimate of 40K so he has to believe its worth the figure in his head. It reminded me of that article a while back on the gallup survey where everyone thought property was over valued, "but not in my road" :lol:

There`s more to this anecdote, went in one of the 3 bed houses, (on closer inspection I reckon 13K would make it good), oldish couple also had keys and came to view for their Son who they were trying to encourage/help to buy as "property always goes up in value :o " The Son is 43!... :blink: Fukc me what a strange mad country we live in..

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 317 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%

  • Create New...

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.