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Agent Turns Swap-shop For Houses

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http://news.bbc.co.uk/1/hi/england/devon/7502301.stm

Richard Elliott-Ogden has just bought a £500,000 beachside apartment, by handing over his £70,000 Maserati sports car in part exchange.

It is the latest innovative idea from estate agents desperate to reinvigorate the property market.

Plymouth agent Trathen is offering to part exchange anything of value from jewellery to Jet Skis.

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I think it's an innovative way of trading so I can exchange an asset that's depreciating in value for one that given a long period of time will only increase in value."

He could well be right you know.....

Even though it's an ugly pile of cr@p now, that Maserati will probably have gained a fair bit as a classic in fifty years time :lol::lol::lol::lol:

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I'm all for swap shops.

I'll offer to swap £70,000 for a 3-bedroom semi in a decent area.

I would argue they are maybe worth 80k but you know that during a bust property prices often under shoot fair value so it's my guess you will get what you seek if you hold out for 2 years.

Crap flats are not going to sell as FTB's will leap frog that part of the ladder just like they did last time which will leave the door open for professinal landlords to make a killing as swipe them up for 12-14 X income.

Yes friends the game has changed untill we see the results of the banks turning back on the credit tap and then seeing if people are still as stupid as they had been in borrowing as much as they can.

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Seeing as the banks have no money to lend, swapping houses will be the only way Estate Agents will be able to operate.

Barter Town........literally

The future outlook swings away from Btl Runner to Mew Max 2

Edited by Saving For a Space Ship

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Property is going down at the moment but will probably go up again one day. A £70,000 Maserati can only go one way - down!

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The idea of swapping houses like for like in a falling market is a good one, and predictable. Using other items as barter is not too wise though I'd say.

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  • 399 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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