In reality all houses in the UK (and most of the world) are overvalued. This is probably about 30 percent average. Except very saught after areas like here, we hardly alter, stay the same. But that only takes house values back to around 2004 or so. Very very recent really. The rest is money that does not exist. Never did. If we ALL believed totally house prices would go up tommorow, they would. Money out of thin air .... it never existed .... Much of this was due to that flaky lot Estate Agents.
I totally agree, those agents are alwayz increasing the price even when there is recession, i live in eastlondon, near whitechaple and they recently refurbished very old listed houses next to my street, done some extension above and in the backyard, they put a price of £750,000 on it. These houses before fixing were about 3-4 yrs ago £280,000.
im going to play this in the window of my estate agency window lcd, see how many have a look and then chuck themselves under a bus! not me though im off to imagine that this nightmare never even started.
There are many options available to Homeowners who are facing repossession. Unfortunately, many of the banks and mortgage companies would rather take possession rather than come to any kind of solution.
Now that the volumes of home sales is down around 30-40% each month from a year ago, you'd expect a good number of those agents to chuck it in.
They rely on commissions for most of their income so fewer sales means lower income. You'd have to expect a good 5000 to 6000 would leave the industry in the next couple of years.
The other angle here is that mortgage brokers will also feel the pain. Most of their business is generated by real estate deals.
In reality all houses in the UK (and most of the world) are overvalued. This is probably about 30 percent average. Except very saught after areas like here, we hardly alter, stay the same. But that only takes house values back to around 2004 or so. Very very recent really. The rest is money that does not exist. Never did. If we ALL believed totally house prices would go up tommorow, they would. Money out of thin air .... it never existed .... Much of this was due to that flaky lot Estate Agents.
gunsandroses1111 3 years ago
I totally agree, those agents are alwayz increasing the price even when there is recession, i live in eastlondon, near whitechaple and they recently refurbished very old listed houses next to my street, done some extension above and in the backyard, they put a price of £750,000 on it. These houses before fixing were about 3-4 yrs ago £280,000.
jamil1985 2 years ago
LOL and so true- people are too greedy to learn from history's mistakes. COME ON THE HOUSE PRICE CRASH!
cam230723 3 years ago
I guess that my country will be next. This country has been building it's arse off for the past 10 years and still not everone could afford a house.
Thank God- I've got no property but I expect that even those who rent will be hit as well for some reason.
BTW: Can someone give me a link to this song please ?- I like it.
AmersfoortTristan 3 years ago
The song is a "spitting image" piss take i think..
pleutman 2 years ago
I think so too.
AmersfoortTristan 2 years ago
i hope it crashs so we can buy
cuttheraceistheads 3 years ago 4
...at the correct and fair price!
24DEX 3 years ago 3
im going to play this in the window of my estate agency window lcd, see how many have a look and then chuck themselves under a bus! not me though im off to imagine that this nightmare never even started.
waderm810 3 years ago
There are many options available to Homeowners who are facing repossession. Unfortunately, many of the banks and mortgage companies would rather take possession rather than come to any kind of solution.
RepossessionInfo 3 years ago
Now that the volumes of home sales is down around 30-40% each month from a year ago, you'd expect a good number of those agents to chuck it in.
They rely on commissions for most of their income so fewer sales means lower income. You'd have to expect a good 5000 to 6000 would leave the industry in the next couple of years.
The other angle here is that mortgage brokers will also feel the pain. Most of their business is generated by real estate deals.
ofInterestNZ 4 years ago