Upmystreet... house prices.. SMUG POST

[Cyberman]

You have an economics degree and yet you did not learn that the money that your house is worth is only real money when you actually sell it and pocket the money?

Here we go, another millionaire like Dim Prawn... well, good luck but for now you are just a home owner (like most of us - assuming you have no mortgage - like most of us again - otherwise you are not even a home-owner but just a bank debtor).

I would like to hear what you are renting for 130 quid a month, which is the current cost of my mortgage.

[Sockpuppet]

Indeed, and that gives an even higher price of 383,333 which does seem rather unrealistic even for 2007 prices !!

Actually, my maths is a bit out cos if you reduce 379,500 by 10% you get 379,000 - 37,900 = 341,100 , but hopefully you get my drift.

345,000 / 0.9 = 383,333

[Paddy]

Just got an email from Upmystreet that shows a similar detached house .12 mile from mine sold for 345,000 pounds in October !! So, no sign of a massive crash in my area !!

345K GBP was for a five bedroom house. They knocked the large house down where you live and build housing association studio flats therefore, you have a half share of 86k