Reply to: House market bounce?

[mjcp]

Could be relevant (at a tangent) to this discussion:

Next door works for a manufacturer of cars and motorcycles. typically, they have c. 4-5K bikes in UK stock this time of year (warehouse, not dealers).

Post lockdown they are at c. 2k units. They expect it to reach near 0 shortly.

They think the cause is fourfold:

1. Pent up demand (makes sense)
2. People not wanting to commute on public transport / WFH by default / moving to the countryside.
3. Rise in delivery services (Uber eats etc)
4. Factory shut downs offshore - 3 months in their case (ie supply issues to stock levels)


Will it last ? who knows? They're making bank currently!

M

[Whorty]

This is a thread for contractors!

HOLDING large detached houses set in acres, near good schools, eateries, national parks, coast and with fastest internet.

FTFY

[DimPrawn]

This is a thread for winners!

HODLING large detached houses set in acres, near good schools, eateries, national parks, coast and with fastest internet.

[BlueSharp]

Outskirts of a major city but close enough to cycle in. Detached house, large garden and excellent local schools here. Local area soon to become a low traffic neighbourhood.

[Whorty]

Sister in-law is looking at buying in the south west - have convinced them to wait at least until B-day January 1st 2021.

There'll be a lot of distressed sellers in the new-year. Lovely time to go shopping.

If she can afford something over £750k, 6 beds, 1/2 acre, edge of village with eatery pub, 3300 sq/ft of living space, feel free to pass on my PM details

[DimPrawn]

Sister in-law is looking at buying in the south west - have convinced them to wait at least until B-day January 1st 2021.

There'll be a lot of distressed sellers in the new-year. Lovely time to go shopping.

I hope to **** she never takes any notice of your "advice".

[Whorty]

Flats in busy city centres, houses with no or tiny gardens in large towns....big downward price pressure.

Houses with very large gardens away from crowded town centres, houses near national parks or the coast, farms, will go up massively in value.

Ooooh, hope so

[scooterscot]

Sister in-law is looking at buying in the south west - have convinced them to wait at least until B-day January 1st 2021.

There'll be a lot of distressed sellers in the new-year. Lovely time to go shopping.

[WTFH]

Houses with very large gardens

away from crowded town centres,
houses near national (trust) parksor the coast, farms, will go up massively in value.

[WTFH]

I noticed 2 main differences from say 6 months ago:

1) more and more properties now get sold just on the basis of a virtual viewing. Buyers make offers without doing viewings in person, which sounds crazy to me.

Not totally true, but EAs are only showing buyers round who they have checked and are in a position to move. So something will appear online for a day and is gone. The online piece is more about the EA getting their name on websites, they already have buyers lined up. If one falls through, they've got it on the net to pick up new ones.

[DimPrawn]

The good times will never end

You meant to post this in the AMD thread?

[DimPrawn]

Flats in busy city centres, houses with no or tiny gardens in large towns....big downward price pressure.

Houses with very large gardens away from crowded town centres, houses near national parks or the coast, farms, will go up massively in value.

[AtW]

The good times will never end

[PCTNN]

The house market where I am (Edinburgh) slowed down for like 2 weeks at the beginning of the pandemic, then it came back stronger than ever. Prices never went down at all.

I noticed 2 main differences from say 6 months ago:

1) more and more properties now get sold just on the basis of a virtual viewing. Buyers make offers without doing viewings in person, which sounds crazy to me.

2) properties in villages outside the city centre (up to 1h away by car) have become just as appealing as properties in the city centre. Prices are going up a lot and properties in the outskirts with a nice garden are going REALLY REALLY fast.

It can't go on like that. This bubble MUST pop soon.

[DimPrawn]

you . Because you will pay monthly payment for the next 20 years from your hard earned money to the bank who created it out of thin air .

Or, not have a big nice house and have cash, and pay the bank to look after it?

Or, pay rent, and never own the asset?

The only logical thing to do is borrow money at near zero interest rate and buy physical assets