Taking possession of something you own.

diy_fun_uk said:
I am 100% confident that everyone in this thread would not want to benefit from an increase in property value.

'Hello, is that Mr Noseall? It's the estate agent here. We now have the valuation on your property. You know, the property your parents bought in 1976 for £10k. It's been valued at £320k so we suggest putting it on the market for £310k with a view to achieving £300k. Is that ok with you?'

'Absolutely not!!! It's abhorrent and immoral how much the property has gone up in value. Please put it on the market for £150k and not a penny more my good lady!'

Yes, that's what you'd all do, isn't it ;)
Click to expand...

Isn't that illegal?
 
noseall said:
Yep price crash is deffo what's needed.
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So you would?

If you were currently sitting in a property that you wanted to sell, and it was valued at £320k, you'd sell it for £150k? Is that what you're saying?
 
diy_fun_uk said:
I am 100% confident that everyone in this thread would not want to benefit from an increase in property value.

'Hello, is that Mr Noseall? It's the estate agent here. We now have the valuation on your property. You know, the property your parents bought in 1976 for £10k. It's been valued at £320k so we suggest putting it on the market for £310k with a view to achieving £300k. Is that ok with you?'

'Absolutely not!!! It's abhorrent and immoral how much the property has gone up in value. Please put it on the market for £150k and not a penny more my good lady!'

Yes, that's what you'd all do, isn't it ;)
Click to expand...

This is why it is such a big problem to solve. Realistically we need twenty years of flat prices. The Labour government took their eye off the ball, and let house prices surge to ridiculous levels. But what the Tories have done is much worse. They could have let house prices remain flat. But instead they have used scheme after scheme to deliberately juice house prices for political gain.
 
diy_fun_uk said:
So you would?

If you were currently sitting in a property that you wanted to sell, and it was valued at £320k, you'd sell it for £150k? Is that what you're saying?
Click to expand...
If I was in the market then I'd expect all house prices to diminish in price. No dramas.
I would not bat an eyelid.
I have no idea what my house is worth either.
 
denso13 said:
No you don't but manipulating the figures does you argument no good.
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I'm manipulating feck all. Ha Ha Haaaaaaaaaaaa.

I'll try again.

The SPECIFIC property I'm referring to (3 bed terraced) can be had for 4.8x average salary. It's on at £135k.

The average terraced house in Scotland is £160k, not £200k ;) which yes, is more than 4.8x, 5.7x to be precise.
 
noseall said:
If I was in the market then I'd expect all house prices to diminish in price. No dramas.
I would not bat an eyelid.
I have no idea what my house is worth either.
Click to expand...
I'll try again.

If your property that cost £10k in 1976 was now valued at £320k and you needed to sell it now, as a point of principal would you sell it for significantly less to help the prospective new owners out affordability wise?

It's a Y/N answer ;)
 
diy_fun_uk said:
I'll try again.

If your property that cost £10k in 1976 was now valued at £320k and you needed to sell it now, as a point of principal would you sell it for significantly less to help the prospective new owners out affordability wise?

It's a Y/N answer ;)
Click to expand...

Principle ;-)
 
diy_fun_uk said:
I'll try again.

If your property that cost £10k in 1976 was now valued at £320k and you needed to sell it now, as a point of principal would you sell it for significantly less to help the prospective new owners out affordability wise?

It's a Y/N answer ;)
Click to expand...
That would be silly, as I'd need to buy another house in an inflated market.
I would not give a chuff if house prices crashed this afternoon, no.
Bring it on. Fùck all you buy to let parasites
 
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