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Another 'what to offer' thread

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    some people are, but that is not the end of the world stuff you spout.

    you seem to think the world is full of only 2 types of people

    1) the "right" people, like yourself, who think prices will drop to 1990's prices in the next few months/years

    2) people who think house prices only rise everywhere all the time.

    when really most people on this board are pretty realistic and pragmatic, prices will rise long term due limited supply and increased demand, local markets may have bigger bumps and troughs than averages, but buying a long term home, is a good idea long term, and trying to time a crash is a fools game.


    Can you explain why sales volumes have dropped if there is increased demand?
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Name Dropper First Anniversary First Post I've helped Parliament
    North Norwich had a slowdown due to uncertainty over the ring road, now it is being built prices are moving and people are buying.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    First Anniversary First Post Name Dropper
    North Norwich had a slowdown due to uncertainty over the ring road, now it is being built prices are moving and people are buying.


    Do you think U.S decisions on QE and interest rates will have any effect, or is it all about the ring road?
  • martinsurrey
    martinsurrey Posts: 3,368 Forumite
    Can you explain why sales volumes have dropped if there is increased demand?

    ohh really Crashy.

    a) Long term

    b) demand =/ number of transactions

    but transaction numbers have been trending upwards for the last 10 years (almost half a mortgage term!)

    https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above

    I draw your attention to chart 4b, shows the long term trend os increases in transactions from the peak of the last correction.

    anyway, I let people draw their own conclusions on who to listen too.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    First Anniversary First Post Name Dropper
    ohh really Crashy.

    a) Long term

    b) demand =/ number of transactions

    but transaction numbers have been trending upwards for the last 10 years (almost half a mortgage term!)

    https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above

    I draw your attention to chart 4b, shows the long term trend os increases in transactions from the peak of the last correction.

    anyway, I let people draw their own conclusions on who to listen too.


    How many of the transactions were BTL?
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