******* sellers suddenly decided not to sell property

[AtW]

I've got 200k burning a whole in my pocket but you'd better be quick if you need it as I'm buying a house with it.

£200k does not even buy a bedsit in Brum anymore - keep yer filthy pennies to yourself old man

[fullyautomatix]

Are you blind or stupid or both? I said clearly it's a very good location and it's large 154 square meters two bedroom place. Less than £200k won't buy you tulip in that area.

This proves you are delusional. Have you not done any research into how much flats have dropped in value ?

Do some maths, how can a leasehold property cost so much ?

For 200K you will get a large 5 bedroom house in Detriot, does not it mean its worth the money.

In two year's time you will be thanking your lucky stars you did not get to your eyeballs in some debt with a property you cannot shift.

[d000hg]

This proves you are delusional. Have you not done any research into how much flats have dropped in value ?

Maybe you can put your detailed analysis of the inner-city Birmingham housing market online as a PDF for our edification? Alternatively, admit you don't know f-all and give up before AtW ends up making someone look stupid.

[TimberWolf]

Maybe you can put your detailed analysis of the inner-city Birmingham housing market online as a PDF for our edification? Alternatively, admit you don't know f-all and give up before AtW ends up making someone look stupid.

Can't be too many people willing to part with 3 or 4 hundred £ for a flat in Birmingham surely. What was/is your rent AtW?

[DimPrawn]

£300K sounds like run of the mill money for a flat in Birmingham.

You can pay well over a million for a flat in the city centre.

After all what's a million these days with all the money printing?

[TimberWolf]

£300K sounds like run of the mill money for a flat in Birmingham.

You can pay well over a million for a flat in the city centre.

After all what's a million these days with all the money printing?

Last year, maybe, but more like £50K now, assuming you can find a buyer?

[Freamon]

Seller were receivers acting on behalf of the bank that had to repo whole new build few years ago.

You'd think by now they'd prefer to write off bad debt like this. I guess that's what proper bank would do - they are a building society

Actually what most banks have done is hold onto the loans and continue to allow the borrowers to fall further and further into arrears. They have now started to sell of large books of lossmaking loans to asset management companies at far below book value. Obviously these aren't real asset management companies, they're ones the banks have set up themselves and continue to own, but it gets the loans off the balance sheet.

CoStar UK - The Leader in Commercial Property Information

[yasockie]

This proves you are delusional. Have you not done any research into how much flats have dropped in value ?

Do some maths, how can a leasehold property cost so much ?

For 200K you will get a large 5 bedroom house in Detriot, does not it mean its worth the money.

In two year's time you will be thanking your lucky stars you did not get to your eyeballs in some debt with a property you cannot shift.

Sounds big enough for a methlab PlanB or a supplier in the booming motor industry

[yasockie]

One thing that apparently brings people to home owning rather than renting is that they can do pretty whatever they like with the place and that includes putting it up for sale and changing their mind at the last minute...

[fullyautomatix]

Maybe you can put your detailed analysis of the inner-city Birmingham housing market online as a PDF for our edification? Alternatively, admit you don't know f-all and give up before AtW ends up making someone look stupid.

WHS.

Investing in inner city Birmingham flat is the next big thing. Fill yer boots !