Starting to feel "the rage" about house prices.........

[Becaroooo]

...I mean, its madness!

I live in Derbyshire. Smallish village. Good trasport links but nothing special.

There have been several houses recently that have come back on the market (chains fallen through etc) and they are coming back on at a higher asking price than they were originally!!!!

Now, if house prices are falling month on month (which they are) then surely they shold be coming back on at, oh I dont know, less ????

I think the market is really weird atm

It is barking, isnt it??

I do feel quite sometimes.....we are borrowing 3 x dh's salary for our new mortgage (wouldnt be comfortable borrowing more than that) and because we "only" had a £20k deposit we only had 2 mortgage products to choose from in the whole market!

We are having to provide wage slips, P60's, utility bills, proof of funds in savings etc....how times change, eh??

As another poster said, if banks had been this careful with their lending for the past decade we probably wouldnt be in this mess now!

I need a bank to lend me around 10x income to be able to afford anything!

Hi Noddy am fine mostly. Trying to decide whether to move back to B, and if so whether to do it at Christmas or wait until next summer. weekends very lonely but weekdays ok.

It's funny, the market here (Scotland) is very strange at. One of my pals has just sold her house - very average Victiorian sandstone semi in a week. They took a small hit on it, but really not much (they bought it about 5 years ago), and two almost identical houses have also sold quickly in the same street. Elsewhere in the same area (my street, natch), a much larger, individually designed 5 bed house has been on the market twice in the past couple of years and hasn't budged, despite being priced pretty realistically (IMO).

It seems as if the very 'ordinary' family houses - garage, garden, 3 beds, 2 receps, upstairs bathrooms are shifting because that's where most people will be happy to live. And I guess there are always people who need to move for one reason or other, and they're keeping the market ticking along.