How far will house prices fall [volume 4]

[SilverSixer]

Sheepshanks said:

SilverSixer said:

I think we've passed peak Crossrail.

That was his point really - expectation was fully priced in when he sold but now it's passed.

I don't want to post his old address up but I just looked and his was the last house to sell in the road and the property is very mixed anyway so hard to pick up a trend. He could be wrong of course!

Yes, you're right in retrospect. My street is a good indicator of house price trends because the houses are all so similar.

[kingston12]

okgo said:

Yeh, though it looked like they were all sold when I last looked...?

It does look like a few of the ones I was thinking of have gone now, so maybe it is picking up again. Still feels a long way away from the 'sealed bids by noon Monday' situation that we had in 2015.

The interesting thing is that several of the ones that did sell had reasonably sensible asking prices in the end, where as a few of the new ones coming on are at peak+ price (e.g. £825k for 1,000 sqft with a tiny garden as the original garden was sold off to an MOT station...)

[okgo]

Yes, I viewed that. But was put off by the garage.

They've done a nice job of it tbf.

[kingston12]

okgo said:

Yes, I viewed that. But was put off by the garage.

They've done a nice job of it tbf.

Quite a big mark up, given that they paid £565k two years ago, but it did need a lot of work. Not sure how much they could have spent though, given they haven't physically extended it.

It will be interesting to see what the others have sold for when the LR figures are out, but I think this looks more like £725k than £825k at the moment.

[juice]

Croutons said:

^ "Who cares"? Err, I do, as you randomly just posted an £800k house with no link to those I did save apparently the 40/50 mile difference being close (which it isn't)...

Equilibrium25 said:

Bristol has been crazy over that period. We were looking from 2013 to 2016 and saw those kind of percentage rises even without the Farrow and Ball treatment.

Indeed, this one is a nonsense too-

http://www.rightmove.co.uk/property-for-sale/prope...

£535k in April 2014.

Was marketed at 600 in 2015, with the same damp as you can see in the pics (slightly more revealed from memory). Now with £5k of gardening and the same manky kitchen, 890. Which is good, as they started a few months ago at 950...

Because - Clifton.

With a rational "would I want to live there" head on - Clifton both amuses me (for the prices being charged) and horrifies me in equal measure esp when you chuck in the parking permit situation.
We live in the Chew Valley and I work in town (luckily with a guaranteed space in the car park next to the office) and I'm seriously considering selling up and moving over the bridge now that the tolls have been abolished. The VFM over the bridge is crazy and is probably the next area where people will relocate to.

[TheLordJohn]

Terminator X said:

So still not fallen 5 years after thread started. Not to worry they will do eventually and then the gloating can begin, oh apart from the people who have been renting for all that time waiting for a price drop!

TX.

Slight side note.
I was, reliably, informed that I'm making a mistake owning two houses that are let out.
The man who told me i'd committed financial suicide is 30+ and still lives in his mums council flat in East London.

[menousername]

TheLordJohn said:

Slight side note.
I was, reliably, informed that I'm making a mistake owning two houses that are let out.
The man who told me i'd committed financial suicide is 30+ and still lives in his mums council flat in East London.

Yeah - the stupid poor cash strapped sucker from a poor upbringing

Spit in his struggling face - he deserves it

[Burwood]

menousername said:

TheLordJohn said:

Slight side note.
I was, reliably, informed that I'm making a mistake owning two houses that are let out.
The man who told me i'd committed financial suicide is 30+ and still lives in his mums council flat in East London.

Yeah - the stupid poor cash strapped sucker from a poor upbringing

Spit in his struggling face - he deserves it

Not sure what your point is. Are you saying it's bad form to ridicule this 'poor chap'.

[menousername]

Burwood said:

Yeah I guess so

Worded it a bit strongly in retrospect

If he lives in his moms council flat in east london i imagine money is tight for the whole family

[TheLordJohn]

menousername said:

If he lives in his mums council flat in east london i imagine money is tight for the whole family

He earns as much as me, if not more. And pays no rent.
He's doing fine.

[mondeoman]

TheLordJohn said:

menousername said:

If he lives in his mums council flat in east london i imagine money is tight for the whole family

He earns as much as me, if not more. And pays no rent.
He's doing fine.

[turbobloke]

mondeoman said:

TheLordJohn said:

menousername said:

If he lives in his mums council flat in east london i imagine money is tight for the whole family

He earns as much as me, if not more. And pays no rent.
He's doing fine.

OK so who has spat in whose face at this stage or was it all SJW boolocks anyway

[Croutons]

juice said:

Because - Clifton.

Well, because DFLers tbh. Free money and all that. As ever, the mash explains best.

http://www.thedailymash.co.uk/news/society/bristol...

[Carl_Manchester]

this arrived in my letterbox. I live about 3 miles from the development so they must be getting through thousands of flyers.

[menousername]

TheLordJohn said:

He earns as much as me, if not more. And pays no rent.
He's doing fine.

He must help his mum out- is she really homing feeding and clothing him for free. And he must be her rainy day fund also.

Its a lot harder to justify spending on most things esp a house when you are that safety net for your parent(s)

[hyphen]

menousername said:

TheLordJohn said:

He earns as much as me, if not more. And pays no rent.
He's doing fine.

He must help his mum out- is she really homing feeding and clothing him for free. And he must be her rainy day fund also.

Its a lot harder to justify spending on most things esp a house when you are that safety net for your parent(s)

Council housing is often very well located, and if the neighbours aren't scum then it can be hard to justify a move when you are paying below market (see Bob Crow as an example).

OP's friend can also probably buy his mums council place at a discount, if he hasn't already...

Edited by hyphen on Sunday 6th August 00:01

[Sa Calobra]

p1stonhead said:

scenario8 said:

p1stonhead said:

House I sold for £307k in April 2015 has just gone back on with zero changes for £385k.

Lets see how that goes.....

Don't be such a tease

www.rightmove.co.uk

http://www.rightmove.co.uk/property-for-sale/property-67609856.html

That's typical ex council?

[p1stonhead]

Sa Calobra said:

p1stonhead said:

scenario8 said:

p1stonhead said:

House I sold for £307k in April 2015 has just gone back on with zero changes for £385k.

Lets see how that goes.....

Don't be such a tease

www.rightmove.co.uk

http://www.rightmove.co.uk/property-for-sale/property-67609856.html

That's typical ex council?

For that specific area yes.

[okgo]

Sa Calobra said:

That's typical ex council?

Looks pretty standard council to me?

[V6Alfisti]

Terminator X said:

So still not fallen 5 years after thread started. Not to worry they will do eventually and then the gloating can begin, oh apart from the people who have been renting for all that time waiting for a price drop!

TX.

Central London certainly has dropped, by as much as 30% in 3 years.

Latest Halifax figures are out today, forth consecutive consolidated drop nationwide. -0.2% this time. However certainly hiding much larger increases in some areas, and decreases in others (i.e London).