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  • Agent yesterday let slip that a place on in Ealing for 1050,000 was valued at 950000 in March before lockdown

    They've had three offers at asking

    Literally every house, if it goes for asking, makes it the most expensive house in the street, but these are way off the best house in the street

    I want to die

  • I'm really confused about what's happening.

    Is everyone in total denial that we are entering a massive recession with minimal fiscal or economic firepower to fight it?

    Or is it just some kind of suspended animation and the crash will kick in at Christmas?

  • It's one thing to make an offer for a place, it's another thing to actually be able to go through with it. I also think there are a lot of lies going round too, but then maybe not. I can't say I've seen too much come on to the portals then actually be taken off because they've gone beyond SSTC, either.

    But. I suspect basically every flat being canned from the market is having an effect. And I think there's the pent up demand, and combined with agents stoking things it's creating the seller's market.

    I also suspect there are just a lot of people with a lot of money for some reason and they aren't afraid of paying £100k over what the same place sold for in December last year. That I don't really understand. They must be so fucking rich and so fucking young.

    I guess the stamp duty holiday has helped but I think it was unnecessary and it's really fucked over people like me who sold before lock-down and now have nowhere to go.

    Might find myself reneging on our exchange. Or renegotiating an even longer delay. Fun times.

  • in my case I've been stuck trying to buy this place since November and I just want to get on with my life. I cant face renting anymore and I can't face going through this ever again...

    I know that may not be sensible. My gf has had a really rough year personally though and we need this done. If I was on my own I would prob walk away. And probably leave the UK!

  • I would guess being sat staring at the same 4 walls has got a lot of people questioning their house and looking around.
    Another aspect will be the stamp duty freeze.

  • I'm really confused about what's happening.

    Is everyone in total denial that we are entering a massive recession with minimal fiscal or economic firepower to fight it?

    Or is it just some kind of suspended animation and the crash will kick in at Christmas?

    I very much think both.

    I've asked to see this place at the weekend: https://www.zoopla.co.uk/for-sale/details/55661838?search_identifier=65d180c3b5d560ad3e0550e62cd89cbc

  • This.
    Absolutely this.

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