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pcernie
Legend
Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast
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_________________Plain English advice on everything money, purchase and service related:
http://www.moneysavingexpert.com/
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| Thu Jan 02, 2014 5:21 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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House prices are still ridiculous when you compare them to wages which are falling. So the foundations for any sustainable housing market are being eroded by wages. Where I live there are plenty of million pound homes but they have been on the market for several years and no buyers. They are simply overpriced. There are far too few affordable homes being built.
_________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Thu Jan 02, 2014 5:50 pm |
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jonbwfc
What's a life?
Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040
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I know this is a radical, left field concept and some may struggle with it but I'm going to throw it out there anyway...
Not everything David Cameron says is actually true.
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| Thu Jan 02, 2014 6:45 pm |
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bobbdobbs
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 7:10 pm
Posts: 5490
Location: just behind you!
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The trouble with affordable housing is everyone thinks its a good idea until some are planned near them. Then the nimbys come out in full force. _________________Finally joined Flickr
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| Thu Jan 02, 2014 7:19 pm |
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jonbwfc
What's a life?
Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040
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There's plenty of affordable housing. Just it's in Newcastle and Swinton and Dudley, not in London.
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| Thu Jan 02, 2014 8:16 pm |
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MrStevenRogers
Spends far too much time on here
Joined: Fri Apr 24, 2009 9:44 pm
Posts: 4860
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that's the problem. most of the Muppet's of Parliament abode in London ...
_________________
Hope this helps . . . Steve ...
Nothing known travels faster than light, except bad news ...
HP Pavilion 24" AiO. Ryzen7u. 32GB/1TB M2. Windows 11 Home ...
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| Thu Jan 02, 2014 11:48 pm |
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TheFrenchun
Officially Mrs saspro
Joined: Wed Jan 06, 2010 7:55 pm
Posts: 4955
Location: on the naughty step
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Surely a "million pound home" that doesn't sell is not a million pound home.
Part of the problem is agents telling owners what they want to hear and swearing the can sell a house for XXX then houses sit empty for years
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| Fri Jan 03, 2014 9:50 am |
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jonbwfc
What's a life?
Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040
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| Fri Jan 03, 2014 10:45 am |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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Yes but it is more complex than that. The two main culprits around here give bonuses for registering homes as listed, and they usually try and get exclusive arrangements which costs the owners a fortune to get out of. It also locks out the competition from selling the property. The average over pricing is around 20% but even those for much more than a million are struggling to sell. One developer built 8 homes for £500 000 each and only one has been sold in the year since they were completed. _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Fri Jan 03, 2014 4:10 pm |
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