Property prices

[cookmanchef]

Any price crash will surely come in the resale market as a result of individuals misery! Some people I know had a good plan when they came here but the current crisis has demolished that plan and they find themselves looking to capitalise on their remaining asset.

I cant see a drop coming in new developments as construction cost have risen and most developers have made enough to ride out the crisis.

[cookmanchef]

What is this crisis anyway? Has the world changed so much? A load of BANKERS messed things up, so what? They have to pay the price, not try to recoup all their losses from Joe public! Have the farms stopped producing food, oil prices have settled down. The media driven world we live in is inspiring panic that we could all do without.

[caller]

What is this crisis anyway? Has the world changed so much? A load of BANKERS messed things up, so what? They have to pay the price, not try to recoup all their losses from Joe public! Have the farms stopped producing food, oil prices have settled down. The media driven world we live in is inspiring panic that we could all do without.

No, but here in the UK, farm/food prices have shot up. Forget the Govts own inflation figures which appears gobbledegook to me.

Food and other essentials, gas and leccie - 40% increases - have all shot up in price and by much, much more that the above inflation figures show. Asda now has special sales in the last week of the month as they have noticed how much their sales drop then.

And whilst oil prices may may have settled down, they are still about 15p a litre more expensive than when all this started.

I don't think its media driven panic. Joe Public was noticing this before the Govt. admitted to anything being up.

[cookmanchef]

I do take your point about the increases and the effect it has on the public, but didn't these spiralling price rises start when the media reported a strange phenomenon called a 'Sub-Prime Crisis' occurring in the US.

Bulldoze the empty houses and let the banks that lent foolishly go to the wall. Oil is still being produced in abundance and governments have finally realised that they have to invest in self supplied renewable energy.

I really do understand the pain of this as I have just sold my house in the Uk for the 3rd time. I accepted a 30% drop but still realised 70% more than I paid 8 years ago.

I honestly believe that when the people in control of financial markets have bought up enough stock at the rock bottom prices, they will start to talk it up in the media and a recovery will be on. Warren Buffett made $700million dollars in one day last week when he bought "preferred' Goldman Sachs stock.

The rich get richer!!!!

[caller]

Okay, CMC, I understand the point you're making now!

[amdisuk]

Jockey with all the doom and gloom posted on here re problems with developers and some shoddy workmanship of new propertys, I am supprised that established house prices are not a lot stronger than you are saying.

Personally if I was to buy a property in HH and were able to talk with the previous owners regarding the well published problems that have been extensivly covered in other posts. I think I would feel a lot safer to buy one of those properties over a new one.

For what its worth, I have a friend who bought a house up on the Mountainville estate. It's a lovely house and had almost no teething problems. Seemed like a quality build to me.

Al

[cookmanchef]

Where is this "Mountainville"? Sounds like a TV set

[Super Joe]

Grid C-5/6 on HHAD map: http://www.huahinafterdark.com/hua-hin-area-map.htm

Mountain Vill I think it's called.

SJ

[faq2mfh]

[ Link deleted, no real estate sites please ]

Phase II was one of the nicer developments a few years back.

[crazy88]

This is Mountain Vill .

I went there once about 3 years ago .I don't remember much about the place .I do seem to recall that it was the first day I met SJ and Sam (not at Mvill)


Crazy 88

[Big A]

HH Mountain Vill is cool.

But seriously anyone who thinks prices are going to come on down should'nt hold their breath on that lick and that promise.

Seriously only a distressed or eager to sell person will drop their price significantly-this is real estate were talking about.

Are you buying from a bank who picked the place up at auction or an owner who'd like to sell but is in no particular hurry?

Maybe there are a couple of ancy folks wanting sell so they can split their inheritance?

I would say developers who depend on continued sales for their livelihood should lead the way on cutting prices.

[Takiap]

Please don't what I say as any form of advice because I've never been in the property business not would I ever want to be but I have to agree that we may see the cost of houses coming down a little given the current situation. Yes sure the developers won't come down but I do think some owners will be keen to sell. In fact I know this to be true because the missus and I can't even give the house away just now....lol and we know someone else who is asking far less than the going rate for some land and also no takers at all.

For the majority though, I think they'll hang on a while longers before ditching and running.

[faq2mfh]

My guess is that you'll have to hang on for 2-5 years.

[sargeant]

In the space of 2 hours people have arrived in my street and photographed the 4 houses up for sale owned by 2 different people from BKK i asked what they were doing and was told they were from the bank.
shades of 1997/8 from my experience when the bank come to photograph houses it has in the past normally meant the owners trying to get a loan or foreclosure my guess is the latter.

[allan2010]

I have house in Mountain Vill...very nice place.

Edited by moderator.

This forum is not intended for you to pursue your personal business interests. Please contact admin if you wish to advertise your business.