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April 28, 2005
We're in the money
I bought my flat almost two years ago for £13,000 - a pittance - and house prices have been steadily rising ever since. Even so, when the folks opposite me put their identical flat on the market last year for £115,000 I was gobsmacked to say the least.
Thing is, it wasn't on the market very long before they withdrew it. "Aha!" thinks I, "they over priced it, they were never going to get over a hundred grand for it".
Only, the other day, another For Sale sign goes up. I don't know what their problem is, maybe they don't like their neighbours (muahaha!) so I had to investigate just out of curiosity. What the...?
The latest asking price is £119,500. Looks like I might have made a small profit!!!
Posted by lilliebet at April 28, 2005 09:51 PM
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Comments
I have a flat of about the same value, it was a huge shock to me too, especially as I bought it for only £23,000 7 years ago. Makes you smile doesn't it!
Posted by: Jilly at April 29, 2005 01:42 AM
When I get over the shock I'll be smiling alright :-)
Posted by: lilliebet ![[TypeKey Profile Page]](http://www.deckertechnology.net/lilliebet/nav-commenters.gif)
at April 29, 2005 06:28 AM
You bought the flat for 13k and might be selling it at over 100k; I fail to see the problem!
Posted by: Rohit at April 29, 2005 03:49 PM
Um yeah, no complaints here!
Posted by: lilliebet at April 29, 2005 07:00 PM
Sell the house, buy a boat, travel the world and visit all your friends ;-)
Posted by: OldGuy at April 29, 2005 07:57 PM
Now THAT sounds like a plan :-)
Posted by: lilliebet at April 29, 2005 08:05 PM
Just be careful sailing this far south. There are some that still think that you may sail right off the edge of the earth ;-)
Posted by: Blast at April 29, 2005 09:52 PM