Miss_60   10 #37 Posted July 9, 2004 House (spacious 3 bedroom terrace) was bought in Walkley area as a "buy to let" one year on the person is selling it.  It was originally bought for approx £92,000 .....  ....one year on, since Mervyn (bank of England boss) gave his speech the house went on sale with an asking price of £94,000. 20 viewings have been made and one person put in an offer of £90,000....but withdrew it. The current offer is £75,000 and NO ONE ELSE has put in any offers. A few months ago this house would have had 60 viewings and loads of offers withing 2 weeks it would have been sold....so if this is not an indication of a house price crash.....what is???? Share this post Link to post Share on other sites Share this content via...
carcrash   11 #38 Posted July 9, 2004 I live in Sharrow. I brought my house for 45.000 2 years ago. The houses on my road are now going for 110.000-125.000. Crazy. Share this post Link to post Share on other sites Share this content via...
wibbles   10 #39 Posted July 9, 2004 I think one house not selling very well is anything to go by. Only last week a house on my street went for £15k over the asking price within a week of going on sale..and thats in Lower Walkley. Maybe the house in question is a sh*thole??? To be fair £94,000 seems quite cheap anyway for a house in Walkley given the current market. I would suspect that there is simply something not right about the house Share this post Link to post Share on other sites Share this content via...
magicgem   10 #40 Posted July 9, 2004 I hope it crashes, in just under a year. That would be perfect for me! Sorry anyone else-hehe! Share this post Link to post Share on other sites Share this content via...
wibbles   10 #41 Posted July 9, 2004 But surely if it crashes then people won't be selling..less choice Share this post Link to post Share on other sites Share this content via...
Jayne   10 #42 Posted July 9, 2004 that's my thoughts. wish I hadn't been a student a few years ago, now I can't afford to buy and if it crashed no one would be selling so there'd be nothing to buy.  we can't have everything Share this post Link to post Share on other sites Share this content via...
magicgem   10 #43 Posted July 9, 2004 But I will be actually afford soemthing when I graduate, at the moment I shall be residing in a box Share this post Link to post Share on other sites Share this content via...
Tony   10 #44 Posted July 9, 2004 There's no evidence of anything like a crash as far as I can see. Quite the opposite.  What you will find I think is developments coming along aimed at first time buyers. Thatmight help a bit. Share this post Link to post Share on other sites Share this content via...
elf   10 #45 Posted July 10, 2004 Oh pleeeeease let the prices crash. Where is this house in Walkley? its where we want to buy but done have a hope at the moment coz of the prices and being on crap wages but that one sounds like a possibility even if it is a **** hole we could do it up:) Share this post Link to post Share on other sites Share this content via...
tas1 Â Â 10 #46 Posted July 10, 2004 Not crashing yet - house opposite went really quickly. House next to one we sold for 98,000 is on for 125,000 in x-pool - smaller than ours (although didn't have hideous kitchen!) and that's just in 2 years! Share this post Link to post Share on other sites Share this content via...
sham71 Â Â 10 #47 Posted July 10, 2004 I can't see any reason why houses should have quadrupled in price in the last 5 years (as they have in many areas of Sheffield) other than speculation and too much cheap money. Â A house is worth what someone is willing to pay for it, no more, no less. Â Anyone with more than 85% owing on their house should be prepared to sit out the crash that is inevitably coming because prices will rise again.....but not for a few years. Easier said than done............. Share this post Link to post Share on other sites Share this content via...
ToryCynic   10 #48 Posted July 10, 2004 Originally posted by carcrash I live in Sharrow. I brought my house for 45.000 2 years ago. The houses on my road are now going for 110.000-125.000. Crazy.  Round our area you wouldn't get a cardboard box. £175-£180,000 for a 3 bed semi and this is in a poohish area!  Alex Share this post Link to post Share on other sites Share this content via...