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It will go pop. Id not be buying now.Whats everyone's feelings on the current house market boom with the stamp duty exemption?
My sisters having a nightmare trying to upsize as people gazumping paying well in excess of the house price.
Sounds like a bit of a bubble that could go pop / people ending up in negative equity in the years to come all to save 2k in Stamp Duty.
I'll be needing to move myself in the coming years if we have a 2nd kid but I just hope this bubble doesnt ruin things for us all long term.
I hate this 'new' thing estate agents are doing.. 'Offers above....'Apparently the strategy has to be to offer at least +20% above the asking price to have any serious chance of getting the sale.
As for negative equity, that is only ever an issue if you want to up sticks and move on. Whilst you are living there it is irrelevant.
I can see house prices cooling off, but maybe not a crash as demand outstrips supply and will do for the forseeable. If you can
get a house and fix your mortgage rate at a level you can afford for say 3 - 5 years I'd say go for it.
Anyway.. Totally off track here...I hate this 'new' thing estate agents are doing.. 'Offers above....'
It shouldnt be allowed. It should state a price. If you offer that price its yours. If you go low you negotiate. Its disgusting how it works. Scotland has been Offers over for years and their market is terrible.
It will go pop. Id not be buying now.
Unless you are downsizing which is what we are thinking of doing - how did this thread get onto housebuying?
What press conference?. Is it about the Indian varient now considered to be of some concern.This Island is waiting with bated breath for the press conference at 5 pm.
No mate it's about the traffic light system.What press conference?. Is it about the Indian varient now considered to be of some concern.
If so why the hell were flights from that place not cancelled 3 weeks ago.
What press conference?. Is it about the Indian varient now considered to be of some concern.
If so why the hell were flights from that place not cancelled 3 weeks ago.
Which island Marnie .Ive booked Rhodes end of june fingers crossed.This Island is waiting with bated breath for the press conference at 5 pm.
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