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Joined: Jul 2011
Posts: 720
Veteran
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OP
Veteran
Joined: Jul 2011
Posts: 720 |
I love looking online at homes for sale on Wirral, and I often wonder how on earth do people afford some of the properties around? If you look at parts of Prenton, Noctorum and West Kirby for example, some of the homes are very highly priced yet they sell for mega bucks. If the area is so depressed and everyone is struggling to make ends meet, then who on earth is buying these houses when there's so much financial doom and gloom around?
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Joined: Mar 2011
Posts: 212
Addict
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Addict
Joined: Mar 2011
Posts: 212 |
Well Elizabeth,it certainly isn't us Plebs!.
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Joined: Oct 2011
Posts: 300
Old Hand
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Old Hand
Joined: Oct 2011
Posts: 300 |
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Joined: Sep 2010
Posts: 73
Member
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Member
Joined: Sep 2010
Posts: 73 |
I find some of these larger, more expensive properties have been on the market for ages. The owners seem happy to wait until things get better and aren't prepared to make any loss or drop the price to a realistic level. As for affordability, if you've managed to sell a house for 500k then I suppose you can 'afford' to buy another one for 500k. This isn't first-time buyer territory unless Mummy and Daddy are supporting you or as rossie said there's a legacy involved. ![smile smile](/forums/images/graemlins/default/smile.gif)
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Joined: Jun 2011
Posts: 17,788 Likes: 3
Wiki Master
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Wiki Master
Joined: Jun 2011
Posts: 17,788 Likes: 3 |
The general population of Wirral can't afford those properties and they are probably over priced anyway. Compared to other parts of the counrty, Wirral is expensive, thanks to the Estate Agents. More to worry about is the high rents,also thanks to the Esate Agents. Not possible to rent if you are on your own now, which has a negative impact all around. So I would like to ask the Estate Agents, how are they going to fix it?
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle
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Joined: Sep 2010
Posts: 73
Member
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Member
Joined: Sep 2010
Posts: 73 |
I'm sure Estate Agents would say they're only getting as much money for their customers i.e. sellers and landlords as possible. Which is understandable.
There are two bigger winners of sky-high house prices. The Banks who earn interest by lending the bigger sums of money now required to buy a house, and the Government who rake in the increased stamp duty and inheritance taxes.
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Joined: Dec 2008
Posts: 5,444
Forum Veteran
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Forum Veteran
Joined: Dec 2008
Posts: 5,444 |
In my case the estate agents overpriced my property and I couldn't shift it. In the end I got desperate and ended up as a victim of high pressure sales people from another firm and sold at a huge mark down, my own fault for being so eager to move. In the end we reconciled ourselves that we got a house for a house and we are happy to be back home. Estate Agents, I wouldn't trust them as far as I could thrown them, a necessary evil.
Birkenhead........ God's own Room 101.
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Joined: Apr 2010
Posts: 45,164
Wiki Master
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Wiki Master
Joined: Apr 2010
Posts: 45,164 |
house prices are high in the south, i think people sell there which gives them a large wedge to spend on a better property up north, always been high prices in hoylake caldy etc but many bought by footballers, actors, etc for themselves or family, it then becomes desirable and keeps prices high, i have noticed some million plus properties in these areas been on the market a long time, but how much stamp duty is payable on them ? some also need up-dating etc, guess even the rich have certain budgets.
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Joined: Jul 2011
Posts: 3,621
Forum Guardian
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Forum Guardian
Joined: Jul 2011
Posts: 3,621 |
Drug dealers, vets, medical specialists,conmen and rogues -- theres plenty of money round in some quarters.
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Joined: Jul 2011
Posts: 720
Veteran
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OP
Veteran
Joined: Jul 2011
Posts: 720 |
Oh dear god, surely not !
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