House price thread poll

[DimPrawn]

House prices will be on the way up again within a year. Cash rich investors are already snapping up bargains and the banks have been told to lend by HMG. Interest rates are on their way down, inflation is on the way down, and this is a good thing.

Boom, boom and boom after 2010 !!!

idiots



overpriced houses



up

[minsky1]

Hold your nerve - many of the houses coming onto the auction market now are lemons which wont sell for near purchase value, or market value come to think of it ....

Cant remember what the formula used to be, but if your in a position where you need to sell and you get a low offer, the mortgagees wont allow the sale to proceed unless its above certain percentage of the loan value ... anyone remember what % this was?

Once reposessed, there is no restriction, and the defecit is reclaimed from the party in default.

ahhhh, those were the days ...... bring back the gavel hammer bashing .....