Taking possession of something you own.

diy_fun_uk said:

I am 100% confident that everyone in this thread would not want to benefit from an increase in property value.

'Hello, is that Mr Noseall? It's the estate agent here. We now have the valuation on your property. You know, the property your parents bought in 1976 for £10k. It's been valued at £320k so we suggest putting it on the market for £310k with a view to achieving £300k. Is that ok with you?'

'Absolutely not!!! It's abhorrent and immoral how much the property has gone up in value. Please put it on the market for £150k and not a penny more my good lady!'

Yes, that's what you'd all do, isn't it

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noseall said:

Yep price crash is deffo what's needed.

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diy_fun_uk said:

I don't have to thanks.

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diy_fun_uk said:

I am 100% confident that everyone in this thread would not want to benefit from an increase in property value.

'Hello, is that Mr Noseall? It's the estate agent here. We now have the valuation on your property. You know, the property your parents bought in 1976 for £10k. It's been valued at £320k so we suggest putting it on the market for £310k with a view to achieving £300k. Is that ok with you?'

'Absolutely not!!! It's abhorrent and immoral how much the property has gone up in value. Please put it on the market for £150k and not a penny more my good lady!'

Yes, that's what you'd all do, isn't it

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Brigadier said:

Isn't that illegal?

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diy_fun_uk said:

So you would?

If you were currently sitting in a property that you wanted to sell, and it was valued at £320k, you'd sell it for £150k? Is that what you're saying?

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denso13 said:

No you don't but manipulating the figures does you argument no good.

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diy_fun_uk said:

Isn't what illegal?

Selling a property for below market value?

Nope.

Next ...

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noseall said:

If I was in the market then I'd expect all house prices to diminish in price. No dramas.
I would not bat an eyelid.
I have no idea what my house is worth either.

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diy_fun_uk said:

The average terraced house in Scotland is £160k, not £200k

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diy_fun_uk said:

I'll try again.

If your property that cost £10k in 1976 was now valued at £320k and you needed to sell it now, as a point of principal would you sell it for significantly less to help the prospective new owners out affordability wise?

It's a Y/N answer

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denso13 said:

Ok, that's better, nearly a ratio of 6 times the average salary.

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Brigadier said:

Principle

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diy_fun_uk said:

I'll try again.

If your property that cost £10k in 1976 was now valued at £320k and you needed to sell it now, as a point of principal would you sell it for significantly less to help the prospective new owners out affordability wise?

It's a Y/N answer

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diy_fun_uk said:

Ha Ha Haaaaaaaaaaaaaaaaaaaaaaaa

That's all you've got, literally ha ha haaaaaaaaaaaaaaaaaaaaa

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