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Homes Under The Hammer....


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It may be coming back with new name

House prices being hammered :lol:

This newish 4 bed detached sold for £135K at allsops auction the other day,sold for £185K in 2005.

http://www.auction.co.uk/residential/lotDe...A=545&MP=84

Our property

2005-08-262 Sunningdale Drive, Edlington, Doncaster, South Yorkshire, DN12 1QR£185,000

yeh thats a good one,it will be nice when even in the eas the prices will fall,,,,happy 2009 every one :lol:

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  • 2 weeks later...
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  • 2 weeks later...
I am watching this with my Dad this morning.

Total bullshizzle.

I saw it today coulden't believe the bull sh*t they came out with ,,one of the propertys 500k cost of purchase + fix up they valued it in unfinshed state,and said after it was done up it would be worth 550k for 2 bed house..purchased last year and they gave this year's price... :huh::unsure::lol::lol::lol: they have lost the plot for sure, lies,and more lies from the bbc on property prices.

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Quick Update from BBC London news a few moments ago. Kristian Digby from Open House has been at Brent Cross shopping centre today. Apparently he was "overwhelmed" by homeowners needing help during the crunch. Surprised he wasn't lynched.

:lol: suprised he wasn't lynched.... :lol: very,very,,soon !!! :lol:

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They are currently showing an up to date season of Homes under the Hammer, with properties bought at auction in Spring this year and the revaluations done in summer - great bear food watching the 'investors' realize their magnolia wall paint and laminate flooring hasn't produced the magical £££ profit they were expecting.

Meanwhile immediately following HUTH is a brand new piece of property porn - "Buy It, Sell It, Bank It" in which "property investors show that it is still possible to make a profit in the current market"

http://www.bbc.co.uk/programmes/b00fvk5c

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Oh god they're back to 2005 now. Some smarmy ex-estate agent buys a wreck in Derbyshire, does absolutely nothing to it, and sticks it back on the open market selling two months later for ten grand more than he paid for it. What's worse is this was his entire business plan - buying property and then selling a few months later once the market has gone up. He'd done it successfully many times already. Just shows how crazy the property market was back then. :blink:

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Oh god they're back to 2005 now. Some smarmy ex-estate agent buys a wreck in Derbyshire, does absolutely nothing to it, and sticks it back on the open market selling two months later for ten grand more than he paid for it. What's worse is this was his entire business plan - buying property and then selling a few months later once the market has gone up. He'd done it successfully many times already. Just shows how crazy the property market was back then. :blink:

maybe they can do a show now where someone has paid 350k and lost 150k after a couple of months.. :lol:

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Anyone see todays episode? The smarmy 23 year-old who has just left university with a marketing degree! Buys his first terraced property in April 2008 with money from the bank of Mom and Dad, thinks he will have a £100,000 Ferrari by the time he is 30 – easy money... :blink:

The programme after it , with Digby was worse. An asian developer seems to have restored a terraced house into an illegal HMO. Costs around £200k, "profit" declared of nearly "£250k" in July 2008. Agent criticised lack of communal area for tenants as house was to be rented on a room by room basis. Looks like building standards as well as fire and planning were ignored too as you needed to be a midget to get into the downstairs shower. Why let rules and regs, spoil a perfectly good BBC programme?

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Anyone see todays episode? The smarmy 23 year-old who has just left university with a marketing degree! Buys his first terraced property in April 2008 with money from the bank of Mom and Dad, thinks he will have a £100,000 Ferrari by the time he is 30 – easy money... :blink:

Did you notice the way he walked, looked like he had shat himself. :lol:

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Great show today. Unbelievably arrogant Mancunian 'pwoperdee developer" (complete with designer jeans and twattish Gucci specs) buys a terraced house in Chorley last summer for £85,000, buying it for his 17 year old daughter "so she can start to build up her own property portfolio."

Then decides instead to put it back on the market for £105,000 without doing anything to it, saying he bought it so cheaply that there is enough profit on it just to flip it. Properties on that street were going for 30-40k just five years ago.

The two estate agents value it at £90-95k max, but the hubris of the guy is so great he is so adamant that he will easily get the 105k he deserves.

It's still on the market, now reduced to £85k, despite having now had some refurbishment.

I just love seeing these guys getting pwned.

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Great show today. Unbelievably arrogant Mancunian 'pwoperdee developer" (complete with designer jeans and twattish Gucci specs) buys a terraced house in Chorley last summer for £85,000, buying it for his 17 year old daughter "so she can start to build up her own property portfolio."

Then decides instead to put it back on the market for £105,000 without doing anything to it, saying he bought it so cheaply that there is enough profit on it just to flip it. Properties on that street were going for 30-40k just five years ago.

The two estate agents value it at £90-95k max, but the hubris of the guy is so great he is so adamant that he will easily get the 105k he deserves.

It's still on the market, now reduced to £85k, despite having now had some refurbishment.

I just love seeing these guys getting pwned.

what i don't get about some of these people who come on the show they say onething and do something else, this guy from what you said was buying for his 17 year old daughter,then want's to sell why, when she was going to build up her own property portfolio..lie's and more lie's on homes under the hammer..all you get is lie's .

Edited by BXLONDONMAN
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what i don't get about some of these people who come on the show they say onething and do something else, this guy from what you said was buying for his 17 year old daughter,then want's to sell why, when she was going to build up her own property portfolio..lie's and more lie's on homes under the hammer..all you get is lie's .

He said when he had it valued he realized how cheaply he had got the property and therefore could make lots of money just by selling it at the 'true price' of £105k, rather than refurbishing it. He was still planning to buy more properties for his daughter (who seemed slightly embarrassed about the whole thing)

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He said when he had it valued he realized how cheaply he had got the property and therefore could make lots of money just by selling it at the 'true price' of £105k, rather than refurbishing it. He was still planning to buy more properties for his daughter (who seemed slightly embarrassed about the whole thing)

i wonder :unsure: why the poor thing was embarrassed by the whole thing,,her dad is probley a prize pri*k..this sort of stupid person should lose his shirt..

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  • 3 weeks later...

Latest one on Iplayer, from the auction in May 2007 (the peak?).

Semi in Maidstone bought for 254k so that's 7k tax to Gordon, spent 10k doing it up - 271k total plus 2 months labour of husband, wife and son (a plumber). EAs valued it at 290k - a 20k "profit", smiles all round! The reality - it finally sold May this year for... 250k :lol: A year's interest, all that work for a nice fat loss :D

Someone else owned it for a few weeks before auction for 205.5k, bit odd. Link to the damning evidence

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Latest one on Iplayer, from the auction in May 2007 (the peak?).

Semi in Maidstone bought for 254k so that's 7k tax to Gordon, spent 10k doing it up - 271k total plus 2 months labour of husband, wife and son (a plumber). EAs valued it at 290k - a 20k "profit", smiles all round! The reality - it finally sold May this year for... 250k :lol: A year's interest, all that work for a nice fat loss :D

Someone else owned it for a few weeks before auction for 205.5k, bit odd. Link to the damning evidence

very nice to hear that ther was no profit in it...more stories like this it will kill the greedy..the more the better !!

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  • 2 years later...

Show today. Couple of 'investors' bought in Glasgow. House that you could not get mortgage on. Before the auction was valued at - once done up - between 90-95k by local EA's. Bought it for 87k and spent 3.5k on it. Surprsingl; they focussed pretty much on the rental returns. :rolleyes:

Before the auction local EA also said they would get between 550-600 rent for it. Aftre just 6 weeks of work - they didn't do much - the same EA says they will get between 600-959 for it ?!

Apparently they are getting £700 for it and there was a queue of people begging them to rent it for that much...:rolleyes:

Didn't do the usual EA walks around and picks out a number to tell everyone ow much 'profit' had been made on the place. However they did a very brief talkover stating that the EA's valued it at between 90-100k - and so they COULD get a profit of 8.5k on it.

Funny that. Same EA's valued it at 95k MAX only 6 weeks earlier - in a property market that is falling - or at best pretty level.

Two songs during the piece. One was easy by Faith No More and the other was some song where the main line was 'This is easy'.

:angry:

This show is the worst of the worst of the worst. The producers MUST have serious property interests. I hope they lose everything. I really do. They deserve it. brainwashing people on TV deserves a slow painful decline. Yin and Yang. Karma. Let's hope it works for these *****. ****** them.

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Show today. Couple of 'investors' bought in Glasgow. House that you could not get mortgage on. Before the auction was valued at - once done up - between 90-95k by local EA's. Bought it for 87k and spent 3.5k on it. Surprsingl; they focussed pretty much on the rental returns. :rolleyes:

Before the auction local EA also said they would get between 550-600 rent for it. Aftre just 6 weeks of work - they didn't do much - the same EA says they will get between 600-959 for it ?!

Apparently they are getting £700 for it and there was a queue of people begging them to rent it for that much...:rolleyes:

Didn't do the usual EA walks around and picks out a number to tell everyone ow much 'profit' had been made on the place. However they did a very brief talkover stating that the EA's valued it at between 90-100k - and so they COULD get a profit of 8.5k on it.

Funny that. Same EA's valued it at 95k MAX only 6 weeks earlier - in a property market that is falling - or at best pretty level.

Two songs during the piece. One was easy by Faith No More and the other was some song where the main line was 'This is easy'.

:angry:

This show is the worst of the worst of the worst. The producers MUST have serious property interests. I hope they lose everything. I really do. They deserve it. brainwashing people on TV deserves a slow painful decline. Yin and Yang. Karma. Let's hope it works for these *****. ****** them.

If you really wanted to make them suffer you'd be far better sticking an apple in their mouth and a cork bung up their derrier's then suspending them over a tin bath full of water that was itself over a large open pit fire.

They would then be dipped as they turned into the water which would both prolong the agony and increase the suffering, the victims would remain alive throughout although be very badly scalded /steamed until some hours after the water had eventually evaporated.

They would expire only shortly before there body combusted due to the focusing effect from the tin bath and the heat transfer through the air to them ...

This and other techniques was in a book of horrific deaths and torture methods I read whilst in school and studying the crime and punishment systems of various cultures around the World. I think it was banned not long after New Labour took power (probably didn't want anyone getting ideas after they had wrecked the economy).

Some HPC posters will think even this is insufficient punishment....... ;)

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