Dumb arsed question about price of a house.

[DimPrawn]

There's no way your are going to be able to sell your current house, so why continue with this house buying fantasy?

How many more times. My current house is mortgage free (paid for). I have £500K as well in cash and another £250K I can draw from the equity in my current house.

I can spend up to about £750K and rent out my current house or sell it and still have no debt.

It's called buying a house at the bottom of the last crash for peanuts rather than buying at the top of a bubble.

[TimberWolf]

I can spend up to about £750K and rent out my current house or sell it and still have no debt..

Well good luck with your fantasy about selling or renting out your current house then!

[Francko]

It's called buying a house at the bottom of the last crash for peanuts rather than buying at the top of a bubble.

You should consult with our resident expert, atw, on when is the bottom. Latest predictions were still 50% to go.

[Ruprect]

can't you buy swindon for £750k nowadays?

[DimPrawn]

Well good luck with your fantasy about selling or renting out your current house then!

Shut up you tw@t.

Of course I can sell or rent my current house. I just have to price it correctly you ****.

[rootsnall]

There is no development potential. It is NOT in Swindon, it is 5 miles from the outskirts. It is in a conservation area and planning permission for an extension on that house was turned down in 2007 due to the area being a special conservation area.

http://ww2.swindon.gov.uk/moderngov/...neBlunsdon.pdf

Well I guess that is why it was only worth 570K at the peak and I guess is worth quite a bit less than that now. I wouldn't even bother making an inquiry if it is that overpriced.

I bought in 2007 and keep kicking myself but to be honest there is even less on the market now in the mid to top end in my neck of the woods. So like you I wouldn't of made that killing yet, I think we are looking at a couple of years to anywhere near a bottom and then you'll have a few years of property in the doldrums. Be patient, there will be repos and empty houses due to deaths.

[Francko]

I have £500K as well in cash and another £250K of debt from the negative equity in my current house.

I can spend up to about £750K and rent out my current house or sell it and still have no debt.

It's called buying a house at the bottom of the last crash for peanuts rather than buying at the top of a bubble.

[DimPrawn]

Is it national moron day here today or something?

How can I have negative equity in a house that is fully paid off?

Fook me, no wonder you guys can't find work...

[sasguru]

Is it national moron day here today or something?

Every day. Next.

[Francko]

Is it national moron day here today or something?

How can I have negative equity in a house that is fully paid off?

Fook me, no wonder you guys can't find work...

SOmebody is a little nervous here... don't worry you'll still be our favourite millionaire just as atw is our favourite IT entrepreneur.