Reply to: Buying property *cash*

[PAH]

You'll have to wait a long time DP before house prices become as low as the thirty quid you have in the bank!

How's it going wickerman, or was it bamboo....got any more plan B's up your sleeve? Could do with knowing what to avoid. I like to learn from other people's mistakes. Lost enough money from my own as it is.

[MarillionFan]

Do I go in now at say 20-30% below current asking price or wait another 12 months or so to clean up?

Buy now or wait?

You'll have to wait a long time DP before house prices become as low as the thirty quid you have in the bank!

[PAH]

or Soft landing, which I suppose falling into the shhit is

Not bad, for a Keith Lemon lookalike.

[Bagpuss]

I wonder what happened to all those people a couple of years ago who predicted a 'gentle correction'?

or Soft landing, which I suppose falling into the shhit is

[PAH]

Looks like your grand return has been greeted with about as much enthusiasm as Lance Armstrong's

He really dropped a bollock.

[AlfredJPruffock]

Do I go in now at say 20-30% below current asking price or wait another 12 months or so to clean up?

Buy now or wait?

Grey Slates Index is looking good.

[tim123]

Is it an actual drop now, not just a reduction in rising like they were at the start of the 'downturn'?

It's a real drop

tim

[Shimano105]

Looks like your grand return has been greeted with about as much enthusiasm as Lance Armstrong's

Time to get a new sockpuppet, DP...

[BrilloPad]

I wonder what happened to all those people a couple of years ago who predicted a 'gentle correction'?

No-one ever remembers who got which prediction wrong. Just make loads of predictions and remember the ones you got right.

[Doggy Styles]

I wonder what happened to all those people a couple of years ago who predicted a 'gentle correction'?

[thunderlizard]

Do I go in now at say 20-30% below current asking price or wait another 12 months or so to clean up?

Buy now or wait?

You sound like you're following the instructions of The Mainstream Media, who at some point in the past 3 weeks have decreed unanimously that house prices have fallen around 15-20% from peak, and have another 15-20% to fall before the market bottoms out, in 12 months or so. I think Robert Peston might have floated that as a possibilty in early November, and the other hacks took it as gospel. Well, if enough people do believe them then they'll be proved right after all.

[d000hg]

Your advice is as worthless as your logic.

Buy when it's rising again? Yes, that's when people accept 50% of the asking price.



Dick.

These companies that offer to "buy your house guaranteed" were around for years, and profited with rising house prices. Plus who cares what % of the asking price they accept if the asking price is unrealistic to begin with.

Anyway, good luck with your well thought-out project.

[PAH]

UK property prices dropped by 3%.. in one month... in november
looks like a soft landing, no ?

Is it an actual drop now, not just a reduction in rising like they were at the start of the 'downturn'?

[sappatz]

UK property

UK property prices dropped by 3%.. in one month... in november
looks like a soft landing, no ?

[thunderlizard]

The property auction I want to a couple of months ago either sold everything around Estate-agent value; or didn't, but there was a reserve price on it at round about Estate-agent value that stopped it from selling it at all. Nobody rubbing their hands at getting a juicy bargain.