You aint seen nothing yet -- Remember the 80's

My advice to people who want to know what your house is worth? it is only worth the sum that either one of 2 potential buyers will pay for it. It is not worth what one person will pay for it - as there is no competition. I am sick of hearing the "news" that we are presented by the media. The media are just as much to blame for this debacle as the banks and the government. They are continually talking up the downturn. I have actually stopped listening to news and the best thing to do is just sit tight. Stop letting others - i.e. media and government tell you what to believe , and resist it. Think about what makes you satisfied from a personal perspective - and return to some of those "old' core values - like going for a walk on the coast. It is the best antedote - and just helps you put things into perspective - stop, stand up and smell the roses - be thankful for what you have - rather than what you don't. Sorry for the unperscribed advice peoples - but live your live - not others.

The poor old Brits. Almost all of us have is to cling onto the hope that the Chez Nous maybe worth something. We're so over taxed and have so little disposable income we actually come to revere houses. Strange.Those who don't have to move, their houses are worth trillions. Those who have to move or sell up will be shocked and surprised.The intrinsic value in a house is the building cost and land value. In downturns, with no mortgages around, land falls to very little. You can build a 3 bed detached for 60 grand. 10 grand for the land and there you go, it's yours for 70 grand. The land cost nothing, it's already there, and only 11% of the UK is built on, so no 'crowded island' arguments please. That's a myth.So what someone thinks is 220 grand is only really worth 70 grand.Work out how much a plot is worth when the big builders buy farms and stick on 8 properties per acre. Bugger-all is the answer.We've been conned for far too long and it was about time things got sorted.

OFF TOPIC THANKS TO AOL -HEADLINE RE MENEZES CASE - ''DRIVER THOUGHT POLICE WERE TERRORISTS'' -THEY ARE!!!

Can't believe that people still think Gordon Brown is the best to get us out of the current financial crisis - Alright he has lent ti the Banks and nationalised other institutions but it still does not get away from the fact that over the last ten years he has let the market run itself to fill his coffers for any old government quango and now the goings got bad he's put us into massive borrowing and he's going to increase that with more government spending to try and kisck start the economy - All this could backfire and make matters worse - labour have sold off everything and just created nore fat cats - The conservatives talk about lowering taxes to kickstart the eceonomy which at least does not put us into massive public borrowing - Who do I trust ? Not Gordon or Alistair Darling.

Zoopla is a pile of cr@p. I tried it and it gave an average sale price for sales in my street over the last 3 or 6 months as the value of my house. This might be ok in some places, but it's a new build with 2 types of house and 2 sizes of flat in the same street. Suffice to say the property I own wasn't represented in the sample size and consequently the value was out by more than £150k!!!! The fall in prices was inevitable and precipitated, at least in part, by the ill thought out plans of the building trade - our development, like so many others in Edinburgh, is full of 2 bedroom flats - there is only so many people want to live in a 2 bedroom flat and as such they are having to slice off a huge chunk from the initial prices a year ago to make a sale. We were fortunate enough to save 15% off the price our neighbours paid for the same property only 3 months earlier, so are not as badly affected as some. Even so, I wouldn't like to suggest that it's value has gone up!

Come on down yer ***** and have a dose of what i had under maggie Thatcher 2010 they reckon 3 million unemployed, Yer cant wait, gonna love it.

Why should I pay £200,000 for a flat which cost 30,000 pounds to build.

The reason property prices went so high in the first place was the 'supply and demand' factor. Too many people 'investing' in 5, 10, 20 properties or more. It doesn't take Einstein to work out that means less for everyone else, hence the price for the remaining properties increases. Your children may prosper but what about the inocent person who simply wasn't able to afford even a second property? It's selfish AND greedy. It's people like this who have caused misery to so many in the last few decades. There should be a law against buying more than two homes, (i.e. one to live in and one as a 'holiday home' or 'for your children'). When you step back, there's no real reason why properties should keep increasing in value 2, 3 or 4 fold! They're getting older and lived in by more people. Many countries in the world barely see any fluctuation in their property values, except the ones 'infected' by other greedy property investors who've run out of properties in the UK,next stop EU!!

The reason property prices went so high in the first place was the 'supply and demand' factor. Too many people 'investing' in 5, 10, 20 properties or more. It doesn't take Einstein to work out that means less for everyone else, hence the price for the remaining properties increases. Your children may prosper but what about the inocent person who simply wasn't able to afford even a second property? It's selfish AND greedy. It's people like this who have caused misery to so many in the last few decades. There should be a law against buying more than two homes, (i.e. one to live in and one as a 'holiday home' or 'for your children'). When you step back, there's no real reason why properties should keep increasing in value 2, 3 or 4 fold! They're getting older and lived in by more people. Many countries in the world barely see any fluctuation in their property values, except the ones 'infected' by other greedy property investors who've run out of properties in the UK,next stop EU!!