Greedy vendors

[DimPrawn]

Got the details of another house for sale. Vendors are asking £745K.

According to the Land Registry, they bought it in Feb 07 for £570K.

And estate agents wonder why they are doing 1 transaction per month?

[expat]

Got the details of another house for sale. Vendors are asking £745K.

According to the Land Registry, they bought it in Feb 07 for £570K.

And estate agents wonder why they are doing 1 transaction per month?

The land registry figures suck dead wombats.

[Peoplesoft bloke]

but according to rhe rampant capitalists, greed is a good thing.

[minestrone]

Trying to hold on to high prices is just going to make the fall worse in the long run.

[Bear]

Got the details of another house for sale. Vendors are asking £745K.

According to the Land Registry, they bought it in Feb 07 for £570K.

And estate agents wonder why they are doing 1 transaction per month?

But what have they done to it in the meantime? It could have been a wreck and they have done it up beautifully. They could have added a huge extension.

It might have been worth £1m if the market was still good.

[TimberWolf]

Got the details of another house for sale. Vendors are asking £745K.

According to the Land Registry, they bought it in Feb 07 for £570K.

And estate agents wonder why they are doing 1 transaction per month?

Your ID is highly amusing to me, but loses its credibility when you speak of buying a three-quarters of a million pound property just before we are to have the biggest property price slump in living memory. A bit like when you're trying to enjoy a film or nightmare and something illogical crops up that ruins the fantasy and wakes you up. 1/10.

[BrilloPad]

Your ID is highly amusing to me, but losses its credibility when you speak of buying a three-quarters of a million pound property just before we are to have the biggest property price slump in living memory. A bit like when you're trying to enjoy a film or nightmare and something illogical crops up that ruins the fantasy and wakes you up. 1/10.

Maybe the alertnative is to keep it in the bank - £35k per account takes a few to reach £750k. In fact 22......

[DimPrawn]

But what have they done to it in the meantime? It could have been a wreck and they have done it up beautifully. They could have added a huge extension.

It might have been worth £1m if the market was still good.

Well there's no sign of an extension and unless they went to a specialist to obtain realistic 1970's decor throughout, I'd say they'd only mown the lawn in the 10 months of ownership.

Still, they trying to make £170K for living in a house for a few months.

Boomed!

Credit Crunch ™ my rse.

[BrilloPad]

Well there's no sign of an extension and unless they went to a specialist to obtain realistic 1970's decor throughout, I'd say they'd only mown the lawn in the 10 months of ownership.

Still, they trying to make £170K for living in a house for a few months.

Boomed!

Credit Crunch ™ my rse.

Do you live near CyberTory?

[DimPrawn]

Do you live near CyberTory?

Must do.

My personal research shows this so called housing crash to be wishful thinking on the part of renters.