Dumb arsed question about price of a house.

[Cyberman]

Blimey !! That shows that some house prices are rising quicker than mine.

[oracleslave]

I bid 2p.

Next bid.

375k

[sasguru]

It's actually a corking question. My first reaction would be that anyone who buys a house at the moment without needing to is an idiot, but your comment about what is it was 1p got me thinking. Obviously if someone offered me a 500k house for a penny I'd jump at it, so there must be a point where my no becomes a yes.

I'd say as soon as it is more than 30% less than its peak price, I would start twitching. At 40% I'd probably break.

Hmmm 30-40% fall would be right for a normal bad recession. 50% is more likely the bottom this time. After all this will be the biggest fall in GDP since the 30s.

[Mich the Tester]

375k

Zimbabwean dollars?

[TheFaQQer]

I Asuume you meant £570k in FEb 2007?

It's in Swindon - you never know.

[oracleslave]

Zimbabwean dollars?

Euros

[OwlHoot]

House prices will fall to 03 values IMHO.

WHS. Apparently loads of foreign investors are buying properties at the top end of the market, and by reducing supply I'd guess that will keep prices up lower down.

[Bagpuss]

What sort of a fall is that from Aug 07?

I'm not sure, but they werer circa 50% up from 1999 (even that sounds ridiculous)

[Mich the Tester]

Euros

There's your answer DP; oracleslave will pay 375000 euros for your house. I thought I'd start a bidding war, but he thrashed me with one bid.

[DimPrawn]

http://212.50.188.106/cgi-win/vebra..../YENTO/19580/1

http://www.mouseprice.com/HouseDetai...Registry=false

http://www.zoopla.co.uk/property/yen...6-7bj/22101014


I'm thinking £750K is way over the top!