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bricksandmorter

Homes Under The Hammer-is It All Good All Of The Time?

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I have watched the TV programme for years and think in all that time I have never seen the programme report where losses were to be expected after renovation/resale. Just a couple of breakevens posibly. There have been a few close calls with people not fully understanding the buyer pack information and the payment date scenario but apart from that, its all good, allegedly and large profits.

With very little exception, the auction property market is reported as incredible by the programme, even when the hosts predict or speak in dour tones about the properties chances of profit, at the end of the day, hoorah, a good profit yet again.

Is the auction property market such a great winner percentage wise as the show repeatedly shows?

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With very little exception, the auction property market is reported as incredible by the programme, even when the hosts predict or speak in dour tones about the properties chances of profit, at the end of the day, hoorah, a good profit yet again.

Is the auction property market such a great winner percentage wise as the show repeatedly shows?

You have to also bear in mind that this show shows actual purchase prices at the auction, and then estimated values by Estate Agents at the end - not actual sold prices.

With a bit of research - sometimes they give the full address at the auction, or you can work it out - you can often find that what they finally sold the property is not what the estimate was! The same goes for a few Property Ladder programmes... as discussed in this thread

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The other day I posted with dismay that the whole morning of daytime bbc was now property porn and appears to continue so. The beeb appear totally unrependent in their ramping, despite the falls.

There is a sad inevitability about the tripe. Perhaps someone can summon up the energy to amuse with a 'housing bubble & property porn" version of this animated short film of "The Sad Truth About Relationships"

http://www.fliggo.com/video/NTtenBNg

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  • 295 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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