Current Affairs Coronavirus Thread - Serious stuff !!!

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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.
It will go pop. Id not be buying now.
 
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.
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.
 
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.
Anyway.. Totally off track here...
 
This Island is waiting with bated breath for the press conference at 5 pm.
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.
 
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