| House prices 10:36 - Aug 8 with 5403 views | clive_baker |
I know they’re a national obsession and boring to talk about but does anyone else think they’ve gone absolutely nuts in Suffolk? Anecdotally they seem far higher than the official stats seem to suggest, unless there’s a big gap between marketed price and actual sale price. Maybe it’s that, but I’m seeing things on the market that are far, far higher than I would’ve expected.
Bonkers innit. |  |
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| House prices on 11:48 - Aug 8 with 1059 views | brazil1982 |
Try buying in York! We are relocating and it's closed/best bids one week after the house is on the market. We have paid over the asking price, which is the norm in York apparently. |  | | |
| House prices on 11:50 - Aug 8 with 1044 views | J2BLUE |
| House prices on 11:29 - Aug 8 by clive_baker |
I don’t get the national obsession with prices. As you say it’s paper gains for most people who have 1 property that they live in. Unless you can downsize (or downvalue more to the point) and release equity.
My post wasn’t so much around that point, more the absolute asking prices seem nuts. Perhaps I’m just out of touch or perhaps it’s just a big gap on average between asking and achieved sale price. It’s anecdotal but I’m seeing places being marketed for way more than they were in 2019 or 2020. Perhaps a covid / wfh effect sending people out of urban areas into the sticks to get more house for the money. Perhaps general market inflation or maybe greedy agents. Or a bit of all of that. It’s mad though, seen a place go on the market for offers over £550k. The owners bought it 2 years ago for £450k and have seemingly done nothing to it. Perhaps the asking price is overly ambitious but it’s not unique in +20% or more in the last 2 years. Is that normal? Maybe that is what the stats show but I had assumed it wouldn’t be so bonkers. |
Yea, sorry, just making a general point really. Completely agree with what you say. |  |
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| House prices on 11:52 - Aug 8 with 1037 views | J2BLUE |
| House prices on 11:35 - Aug 8 by blueasfook |
Aren't you like 50 now? Bit old to be buying for the first time and then looking at moving after that. You'll have to work until you're about 80 to pay off your mortgages |
Hope he doesn't mind me saying this but to go from where he started to now doing a job he likes and being able to buy a property in London in the middle of a house price spike he's done pretty damn well.
Respect Dollers. | |
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| House prices on 11:53 - Aug 8 with 1022 views | J2BLUE |
| House prices on 11:34 - Aug 8 by BloomBlue |
WFH
More and more people moving out from London commuter belt to the countryside as they don't need to be in London/office pushing up the prices |
Let's hope that continues and the Tories don't try and incentivise returning to the office to protect their commercial properties...and city cafes  | |
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| House prices on 11:57 - Aug 8 with 1012 views | clive_baker |
| House prices on 11:52 - Aug 8 by J2BLUE |
Hope he doesn't mind me saying this but to go from where he started to now doing a job he likes and being able to buy a property in London in the middle of a house price spike he's done pretty damn well.
Respect Dollers. |
Well said.
Pretty horrible post if you ask me. Everyone’s circumstances are different and the race is long, and in the end it’s only with yourself. | |
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| Only in the UK are people obsessed with owning their own house! on 12:08 - Aug 8 with 961 views | Wallingford_Boy |
Nowhere else buys their own property as much as we do.
Weird! |  |
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| Only in the UK are people obsessed with owning their own house! on 12:12 - Aug 8 with 951 views | DanTheMan |
| Only in the UK are people obsessed with owning their own house! on 12:08 - Aug 8 by Wallingford_Boy |
Nowhere else buys their own property as much as we do.
Weird! |
That's just flat out incorrect, even if we just limited it to Europe. |  |
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| Only in the UK are people obsessed with owning their own house! on 12:14 - Aug 8 with 944 views | Illinoisblue |
| Only in the UK are people obsessed with owning their own house! on 12:12 - Aug 8 by DanTheMan |
That's just flat out incorrect, even if we just limited it to Europe. |
Indeed. Going to need to see some evidence and data from Wally to back his claim |  |
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| Only in the UK are people obsessed with owning their own house! on 12:19 - Aug 8 with 919 views | J2BLUE |
| Only in the UK are people obsessed with owning their own house! on 12:08 - Aug 8 by Wallingford_Boy |
Nowhere else buys their own property as much as we do.
Weird! |
Even if that was true, it's meaningless.
While renting is great for some people, owning gives people a lot more benefits in most cases. | |
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| House prices on 12:21 - Aug 8 with 913 views | fabian_illness |
I think another factor to remember is the way the Estate Agents now advertise properties.
Years ago, there was a valuation and you negotiated down from that.
Nowadays, it's offers over, offers in the region of, offers in excess of etc etc. So it's legal gazumping.
Two or three people desperately want the same place and it could end up 50, 60, 70k over the stated figure. |  | | |
| House prices on 12:22 - Aug 8 with 902 views | mylittletown |
| House prices on 11:17 - Aug 8 by The_Flashing_Smile |
"Your house is worth nothing if you live in it."
That's just nonsense. |
It is not nonsense.
Unless you realise the equity you have in it, it is just a place for you to live in. |  | | |
| House prices on 12:27 - Aug 8 with 873 views | syntaxerror |
The answer to this is always 'Burnley' |  | | |
| House prices on 12:35 - Aug 8 with 850 views | usm |
| House prices on 12:22 - Aug 8 by mylittletown |
It is not nonsense.
Unless you realise the equity you have in it, it is just a place for you to live in. |
It always have a value, whether you realise that value or not
Your comment is as weird as saying money in the bank is worthless |  |
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| House prices on 12:37 - Aug 8 with 858 views | itfcjoe |
It's absolutely mental, some of the house prices around Bucklesham Road and the like are insane - literally £3-400k more than they were a couple of years ago. We are building a house currently which is on market for well over £1.5m, sold to the first viewer at basiclaly full asking price, with a £5k non refundable deposit put down basically the next day. |  |
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| House prices on 12:39 - Aug 8 with 844 views | J2BLUE |
| House prices on 12:35 - Aug 8 by usm |
It always have a value, whether you realise that value or not
Your comment is as weird as saying money in the bank is worthless |
Not the same is it? Clearly owning a home is an asset but in most cases you can't see it because you need somewhere to live. | |
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| Only in the UK are people obsessed with owning their own house! on 12:41 - Aug 8 with 843 views | belgablue |
| Only in the UK are people obsessed with owning their own house! on 12:19 - Aug 8 by J2BLUE |
Even if that was true, it's meaningless.
While renting is great for some people, owning gives people a lot more benefits in most cases. |
UK market always strikes me as being a bit wild west compared to the continent. Buying / selling much stricter over here and there are large penalties for cancelling purchase / sale unless justifiable. |  |
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| House prices on 12:44 - Aug 8 with 839 views | Dubtractor |
| House prices on 12:37 - Aug 8 by itfcjoe |
It's absolutely mental, some of the house prices around Bucklesham Road and the like are insane - literally £3-400k more than they were a couple of years ago. We are building a house currently which is on market for well over £1.5m, sold to the first viewer at basiclaly full asking price, with a £5k non refundable deposit put down basically the next day. |
Prices on Bucklesham Road are eye watering, absolutely crazy.
We saw a 3 bed bungalow up there, that more or less needed a complete overhaul, really badly run down, and was on for £600k. |  |
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| House prices on 12:47 - Aug 8 with 826 views | homer_123 |
| House prices on 11:35 - Aug 8 by blueasfook |
Aren't you like 50 now? Bit old to be buying for the first time and then looking at moving after that. You'll have to work until you're about 80 to pay off your mortgages |
You are being a bit of a c*ck today blueas. |  |
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| House prices on 13:05 - Aug 8 with 784 views | Illinoisblue |
| House prices on 12:44 - Aug 8 by Dubtractor |
Prices on Bucklesham Road are eye watering, absolutely crazy.
We saw a 3 bed bungalow up there, that more or less needed a complete overhaul, really badly run down, and was on for £600k. |
Even the lower end of the market seems crazy, I occasionally look at prices in the IP2 area and small semi-detached houses in Maidenhall/Stoke are off the scale. Can’t imagine being a first time buyer. | |
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| Only in the UK are people obsessed with owning their own house! on 13:06 - Aug 8 with 777 views | DarkHorse |
| Only in the UK are people obsessed with owning their own house! on 12:08 - Aug 8 by Wallingford_Boy |
Nowhere else buys their own property as much as we do.
Weird! |
Wrong.
And why is it weird to buy rather than rent? If you can afford to buy you'd be stupid not to, given how much prices keep rising. |  | | |
| House prices on 13:13 - Aug 8 with 762 views | The_Flashing_Smile |
| House prices on 11:35 - Aug 8 by blueasfook |
Aren't you like 50 now? Bit old to be buying for the first time and then looking at moving after that. You'll have to work until you're about 80 to pay off your mortgages |
I did a lot of things later in life due to mental health issues, such as going to uni in my 30s. Better late than ever IMO, but I'm sure you'll find some jokes to be had from it. |  |
| Trust the process. Trust Phil. |
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| House prices on 13:14 - Aug 8 with 760 views | blueasfook |
| House prices on 13:13 - Aug 8 by The_Flashing_Smile |
I did a lot of things later in life due to mental health issues, such as going to uni in my 30s. Better late than ever IMO, but I'm sure you'll find some jokes to be had from it. |
Apologies. Bit out of order. Let's go back to disagreeing about Corbyn. |  |
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| Only in the UK are people obsessed with owning their own house! on 13:18 - Aug 8 with 730 views | clive_baker |
| Only in the UK are people obsessed with owning their own house! on 13:06 - Aug 8 by DarkHorse |
Wrong.
And why is it weird to buy rather than rent? If you can afford to buy you'd be stupid not to, given how much prices keep rising. |
Not to mention the fact at some point, hopefully, finally, you own it outright. Still having to find rent in your 70’s and 80’s can’t be fun for many. | |
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| House prices on 13:24 - Aug 8 with 705 views | The_Flashing_Smile |
| House prices on 11:26 - Aug 8 by J2BLUE |
I'm in IP3 and have aspirations to move to...IP3. |
I meant more of a general "you" rather than a specific you. | |
| Trust the process. Trust Phil. |
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| House prices on 13:27 - Aug 8 with 686 views | mylittletown |
| House prices on 12:35 - Aug 8 by usm |
It always have a value, whether you realise that value or not
Your comment is as weird as saying money in the bank is worthless |
It is obviously not remotely the same.
The British obsession with house prices is partly fuelled by people's inability to understand that simple point. | | | |
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