 My father pass away and left the house to my brother and me but he doesn't want to sell and i do? |
| he left a will that it says that the house is 50-50 but we haven't change it to our name. We have alot of troubles he now lives in the house and i live in the gest house but i want to sell so i ... |
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 Does my landlord have the right to go to my work? |
| my landlord came to my job already 3 times. One time to serve me a 3 day notice in witch he served to me already the day before that on my apartmemt door. What are my rights, or do I have any?... |
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 We have a renter who's lease agreement is up August 31st.? |
| We will not be renewing his lease at that time. We have a feeling that he is going to drag his feet about moving out. If he is still living on the premises after that date, would he be considered ... |
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 Mortgage question...help!? |
| Hi i have put in an offer on a house which was accepted but the owners of the house have a family friend who is trying to buy the property they have until tomorrow to get there things together ... |
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 My landlord is selling the house we rent from him...Do i have any right's, this feels so wrong!? |
| Me my husband and our two kid's moved to this home 12 months ago. My oldest child had to change schools to move here..10 months later we where told that our landlord was going to put this place ... |
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 How do you sell your house when your neighbour's looks unsightly.? |
| I live in a close, of well cared detached houses,apart from one, my next door neighbour and about six weeks ago their front door glass was smashed by accident .Instead of replacing the glass, a piece ... |
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 Can I leave items in a house when I sell It? |
| I have an old house that still has furniture in it that I don't want to have to dispose of. Can I leave it when I sell the house? As soon as the house is sold (to a utility company), it will be ... |
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 The House I'm renting is being foreclosed. What are my rights? |
| I just found out that my landlord has not been paying the mortgage on the house I rent. I've paid all my rent and it's been on time. What are my rights? Do I have to keep paying my landlord ... |
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 In the UK, if a property does "not include bills", how much should i expect to pay for those bills? |
E.g. for electricity, gas, water. (estimate)
Additional Details
Without council tax (i am a student). Also, i wont need telephone because i will use my mobile.... |
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 Buyer makes an offer on a house. Seller makes a counter offer. Now...? |
| Now At this break, we decided we REALLY don't want this property anymore. We want to just reject the counter offer the Seller made and say "We're done." Our real estate agent ... |
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 Renter's rights question? |
| My husband and I are currently renting. The garbage disposal is broken. We talked to our landlords about this and they said they would reimburse us for a new one but would not pay for the labor to ... |
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 Will i owe on lease? |
| I want to leave live in boyfriend and move out this weekend. have paid rent of may 1st, but will i have to pay every month until he finds another roommate?... |
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 In UK how can house prices have almost doubled in the last 10 years when wages have hardly gone up at all? |
| To compare - how do, or how can people manage to pay their mortgage? Also the rate of inflation in UK is based on "items" "chosen" by the government in their favour each month to ... |
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 I have a house for sale and a buyer that's interested. How do I sell it with out a realtor? |
| Also, I live in Oklahoma but my property is in South Carolina. Any info would help. Thanks!... |
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CannisRedGlare | Are house prices about to crash? |
Additional Details
According to this website: http://www.thisismoney.co.uk/mortgages/house-prices/article.html?in_article_id=406526&in_page_id=57
house prices are likely to crash because many houses are 20% overvalued.
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Ms. Balls
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In the UK it has been discussed that this may indeed happen. However, I expect prices to drop, perhaps dramatically in some areas, while other areas will experience slight depreciation.
In the USA I expect to see prices drop further in many markets. Currently, there is a lot of talk that prices have "evened" out. However, IMO this is a physolocial band aid with the hope to "hold" things together so many over invested people will not go bankrupt.
Foreclosures continue to increase. People bought due to the fear of loosing their dream of home ownership. Many of these good folks over financed themselves and the evil interest rate is knocking at their doors.
Other people bought simply out of the desire to make their "millions" in real estate and got out. Many did make millions - yeah for them. Others have got caught holding the bag. It was due to happen sometime.
Some markets, like the Pacific Northwest will most likely not experience as drastic price drop as other areas, due to the continued flow of people flocking to live here. For my sake, I hope prices do drop dramatically - so I can more house! |
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Redmonk
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No!wait for the next rate rise and House prices might slow down |
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Realty Shark
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No, but they are going down. It is a natural settling from an overheated market. There is a big difference between a soft landing, which we are experiencing, and a crash. |
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the devil in you
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hmmm... we were talking about this in politics, it's definitely drawing closer, but not yet anyway. Our economy is similar to america's, but their slightly ahead of us; whatever happens to them, then happens to us. So watch them, and when they have a crash, we should do too. |
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gtofinancial.tomvoli
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No. Many have already pulled back to reasonable levels here in CAL.
Here is some additional info. Hope this helps. |
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fidgetyfingers
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Prices here in Northern Ireland are 'going through the roof' and no sign of it stopping. |
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Not Ecky Boy
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They were agonising about this in 1976, as I recall. Of course house prices can go down as well as up. But the general trend is always upwards.
Don't ever expect to make money from buying and selling houses though. Only buy what you need, and don't borrow too much money. Remember- a house is just a machine for living in. Don't think you "have to get on the ladder" - the whole house buying scene is one big con. |
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Never Forever
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I dont believe they are about to crash - just even out, unless you are looking at commercial property. Residential looks like it may stagnate but hold tight with the next election things may change |
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sarajane14207
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With the tax and spend liberals about to take power YES THEY ARE. You'd better ditch that adjustable rate or interest only loan before rate hit the double digits. |
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Mark T
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Very unlikely - in the Uk at any rate.
Record population level
Record housing shortgage
Record immigration
Record birth rates
Lowest ever land availability
Taking the basic laws of supply and demand, I suspect other than the odd theoretical glitch, there is only one way houses prices are going to go - and it isn't down.
Kevin has a point - we don't KNOW - in much the same way as we do not know if we will be run over tomorrow crossing the street. We are however able to make an educated guess - and if you sraw a strigh line between house prices now and house prices pre-war. you will find that the true figures do not fluctuate all that much around the line.
Very roughly, ever 5-8 years house prices double. Now mortgage lenders are allowing 5x income and 4 x double income, there is plenty of options now for enough people to get mortages that developers can seel as many as they make. WHY would house prices come down?
**UPDATE**
I read the article you linked to, basically whatever happens they can say they said so - they are hedgine so much. "Cannot rule out a crash but the market will probably increase x %"
Most of these websites keep predicting crashes of one type or another, I guess one year or another, they will get lucky and get it right.
If anyone REALLY thinks house prices are imminently going to drop 20% needs to sell their home, rent for a few months and then buy somewhere after the prices have crashed - and enjoy a nicer house WITH a good few thousand spending money left over as well. I wonder if anyone is confident enough in their "crash imminent" prediction to actually put their house where their mouth is.
And before anyone asks, yes I do put my money where my mouth is, which is why I have no intention of letting any of my buy2lets go and if the right deal present itself, I am quite happy to keep investing. |
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IBlowInYour Ear
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anyone who tells you they know the answer to this is a fool or a liar |
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kpk
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I'll just check my crystal ball... |
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Drew
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Crash from what??Ho yea over inflation. I say that home price will drop to 40-60% of what they were last year. They really are not dropping they are correcting. From what you may ask a over inflated bubble that was made. Hear is how they made it.
http://www.breakingbubble.com/index.htm...
I sure find it funny that you get answer like,
I'll just check my crystal ball... ,
anyone who tells you they know the answer to this is a fool or a liar. But at the same time they know there will not be a crash but a SOFT landing. or it is just cooling, what nice spin Stop talking out of both side of your mouth, Do you not realize that you losing what little credibility that you may have since the drop inf self evident. |
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Michael
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