Looks like the housing market is going daft again!
21-02-2007, 11:22 PM
#1
Looks like the housing market is going daft again!
I found this today,
we sold this house last year (april 06) for £157K
was well shocked when I saw that it's under offer at that price, they have fitted a new bathroom suite tho!
http://www.vebra.com/home/search/vde...0&pid=11632535
steve
we sold this house last year (april 06) for £157K
was well shocked when I saw that it's under offer at that price, they have fitted a new bathroom suite tho!
http://www.vebra.com/home/search/vde...0&pid=11632535
steve
21-02-2007, 11:45 PM
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It's all relative though isn't it - you have to have somewhere to live, so if you sell your house at a high price you're going to have to pay a high price for the next house you move to.
The only way to make money out of it is to either move abroad to somewhere cheaper to buy property/live or to buy fixer-uppers (as I'm sure some of you do on here) as investments etc.
I just hope we don't fall into negative equity anytime soon otherwise I'll be fucked!
Cheers,
Andy
The only way to make money out of it is to either move abroad to somewhere cheaper to buy property/live or to buy fixer-uppers (as I'm sure some of you do on here) as investments etc.
I just hope we don't fall into negative equity anytime soon otherwise I'll be fucked!
Cheers,
Andy
21-02-2007, 11:55 PM
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Originally Posted by andyhardy
It's all relative though isn't it - you have to have somewhere to live, so if you sell your house at a high price you're going to have to pay a high price for the next house you move to.
Since 2001 its increased £65000 in value. nearly double what we originally paid.
So i'm selling it in about a year and buying a nice polish bird and getting rid of mine
and the kids
21-02-2007, 11:59 PM
#6
Originally Posted by RSrussell
Originally Posted by andyhardy
It's all relative though isn't it - you have to have somewhere to live, so if you sell your house at a high price you're going to have to pay a high price for the next house you move to.
Since 2001 its increased £65000 in value. nearly double what we originally paid.
So i'm selling it in about a year and Paying a big chunk of it in tax
22-02-2007, 12:00 AM
#7
Monte 087
I cant belive how much the prices have gone up in the last few years, i bought my house off the council for 16.5k (valued at 36k at the time right to buy) nearly 5 years ago now, a for sale sign went up a few days ago up the street so i thought out of interest i would check what it was up for i couldnt belive it when i saw this, identical house to mine but mine is quite a bit more presentable new block paved drive new windows etc
http://www.homes-at-supermarkets.co....x?propid=26232
124k!! i nearly choked
http://www.homes-at-supermarkets.co....x?propid=26232
124k!! i nearly choked
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22-02-2007, 12:09 AM
#9
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Originally Posted by TiB
Originally Posted by RSrussell
Originally Posted by andyhardy
It's all relative though isn't it - you have to have somewhere to live, so if you sell your house at a high price you're going to have to pay a high price for the next house you move to.
Since 2001 its increased £65000 in value. nearly double what we originally paid.
So i'm selling it in about a year and Paying a big chunk of it in tax
22-02-2007, 12:34 AM
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Tib/Andy, I won't be paying ANY tax on it becos I owned it and lived in it, and as I've only rented it out for 3 years, these 3 years are exempt from Capital Gains tax.
I haven't had to pay income tax either because the morgage and maintenance, stationary, fuel and other expenses have cancelled out any earnings, cough
I haven't had to pay income tax either because the morgage and maintenance, stationary, fuel and other expenses have cancelled out any earnings, cough
22-02-2007, 12:35 AM
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Good call, it's something I'd like to do in the future as I have quite alot of capital in my house that could be freed off when I'm ready.
Andy
Andy
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