TheFox

Is this not a sure case of the winners curse ?

what does this say about the market? the bigger they are the further they fall? It all starts at the top? http://www.dailymail.co.uk/property/article-1294091/We-beat-Chris-Gwyneth-race-Mansells-mansion.html 3 years on and still no sale and today's price is (drum roll) http://www.rightmove.co.uk/property-for-sale/property-26099700.html comments please

Local estate agent has said it could take up to two years to sell, but I worry about the train wreck coming down the track at us......I don't think we have 2 years! I think that Van is right,well he has made a good point despite been a little OTT, the house will sell at the market value, you might have reduced it but as it has not sold it has not reaching that point yet. If you think that there is a "train wreck coming" and the value will drop much much further wouldnt it be wise to get out ASAP. Sounds like greed and fear is playing a part in this As your house is the high end for the west country and people love looking around nice houses then how about holding an open day could get some interest? chat to people never know where it would lead there is a lot of migration from the the capital to the west country you need to be marketing it in the south east there is a fair chance your buyer could come from the London area. You could try west country auctions with Fulfords or a London auction put a reserve on it that you would be happy with if it doesnt reach that you will have at least an idea of the true market value! All the best

I just happened to notice the first post on here by gold finger claiming "hold on to your hats were going down" for those that have not noticed it, that was four years ago and lets be honest what has really changed and .2 drop .3 rise .4 drop .2 rise .......(although I did notice a big fall in Aug) Its not gone anywhere yes by haliwide or some other measure but not on the street it hasnt. I am the longest bear of them all I wont embarrase myself by telling you all when I first said to my then G/Friend now wife, I dont think we should by a house as they look a bit overpriced my dear!!! What a prat I look now ! How much rent ive spent and more importantly how many rows we have had over this subject. What amazes me is how this market defies gravity,so when it is nearly impossible for most to get a mortgage why is not crashing beyond belief..... cash buyers I hear you call, how many cash buyers are there out there? Its not that many surely,most people cant cope with a £50 monthly increase on their loans, foreign buyers you all cry,well yes London maybe but what about the rest of the country, no Russian`s I know are buying in Hull or Bristol.... Goverment intervention well... not convinced how much control do they really have? if they did would`nt they have stopped previous market crashes and wouldnt other countries Gov`s done the same. Yes the pumping of money (QE) the hack in interest rates but others have done the same and their market has still collapsed. So my question to you after my little therapy rant..... how is it that when you look all over Europe/The west the market is falling like a stone. The U.S, Spain, Portugual, France,and Ireland etc etc are 20 30 40 50 % down how the hell is it still business as usual here. We must have the most expensive houses in the world. Is it the plain fact that us brits are the most stupidest people on the planet and will buy any thing at any price as long as "its mine"..... Im getting to the point of packing up and going to grab a bargin else where will this really ever happen when.... where.... and by how much come on tell the truth you wise old men ????????

Hi Everyone First post, first day at school watching reading and learning, my email below to get me "in the club" The Fox Dr Bubb After locating you on HPC I found your comments and thoughts fascinating on an array of subjects and have enjoyed reading them for sometime One of my main interests is the UK housing market as I have sat out of this for a long time and some of your views over the years have stopped me from ploughing in Long term Im working towards trading part/full time and have been practising and losing money for too long. I would enjoy been part of an interested community that speaks a lot of sense, which of course will help me trade.