> ... I have just made an offer of 100k for a house that a couple are
> asking 190k for. What is amusing (to me) is that they have called me and
> are actively considering my offer, a year ago they were boasting about the
> fact that the house was worth 255k.
>
> Madness but at 100k it is possible to get a reasonable yield on the rental. > > Andy
That I believe truly reflects the state of the current crash. Part of the "bubble" in the 255k was this website and its ilk:
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...which is hopelessly wrong. It shows house prices round here as having more than doubled since 1st Jan 2000, in fact they have increased by less than 50%.