It's true - houses just aren't moving

neverdespairgirl

Scargill was pretty thick. Spring time, with record stocks of coal, is not a great time to strike.

mewbie_2

Now I do not want to get into a pointless political argument. There is plenty of archive material now available which deals with the history of the miner's strike. It could be argued that Scargill's hand was forced by Thatcher into a fight that she, and probably he, knew the miners could not win.

So maybe he did not choose the time of the battle, and was not perhaps thick. He was however beaten, and the argument, as with most history, will continue over the rights and wrongs.

I won't reply on this subject again, as I prefer to keep a light touch on the subject of house prices. Unfortunately for me, perhaps foolishly, for a long time Arthur Scargill was one of my heroes.

neverdespairgirl

mewbie wrote: »

Now I do not want to get into a pointless political argument.


I won't reply on this subject again, as I prefer to keep a light touch on the subject of house prices. Unfortunately for me, perhaps foolishly, for a long time Arthur Scargill was one of my heroes.

I'd be interested in your breaking that promise - I'd like to know why AS is one of your heroes? Only if you feel like discussing it, of course.

drbeat

Scargill probably had his reasons - his problem was that he wasn't a politician of the same calibre as those that he opposed. He didn't have govt depts backing him and he didn't have the power of the state. All he had was his union of which MOST were out of work. He took a gamble and lost big time. Alleged involements with the Soviet Union was probably what put most people off him - whether true or not is besides the point. But if you throw enough !!!!!! eventually some of it will stick!

Anyway, what has Scargill got to do with House Prices and mortgages...LOL

EdInvestor

Blimey, I'm amazed that anyone has the time or energy to go trawling through people's back posts like neverdespair girl :eek:

Suffice it to say that the credit crunch is going on a lot longer than people expected. But equally you only have to look at the Land Registry figures to see that the speed of price falls has been distorted by the mortgage approval basis of the Haliwide indices.It's hardly surprising as they have no money to lend, but the gap is getting wider by the month

These price falls are also based on an increasingly thin market, with only 25% of transactions now going through and falling.If nobody can buy or sell, the alleged price of a property is somewhat academic - which is one good reason why the LR doesn't include repos..

When lending restarts again - and I will refrain from predicting when that might be - the downward plunges are likely to reverse at similar speeds - and no doubt some people will get caught out again.

I hope it won't be you.:)

Uncommon_Advice

The Houisng Market is amazingly intrictae at the moment. For three quarters of the vendors there is no point in dropping their price as a buyer can't be found at any level!

drbeat

Uncommon_Advice wrote: »

For three quarters of the vendors there is no point in dropping their price as a buyer can't be found at any level!

Please qoute the source or your information. In other words, back up your facts!

neverdespairgirl

Uncommon_Advice wrote: »

The Houisng Market is amazingly intrictae at the moment. For three quarters of the vendors there is no point in dropping their price as a buyer can't be found at any level!

I'm not sure that's right - more, a buyer can't be found at any level they are interested in / happy with.

If the sellers dropped their prices to £1k, they'd find a buyer.

WTF?_2

EdInvestor wrote: »

Blimey, I'm amazed that anyone has the time or energy to go trawling through people's back posts like neverdespair girl :eek:

After reading a couple of ridiculously over-optimistic posts that you made yesterday, I was going to to the exact same thing myself so I was pretty chuffed to find out that she had saved me the effort.

Suffice it to say that the credit crunch is going on a lot longer than people expected. But equally you only have to look at the Land Registry figures to see that the speed of price falls has been distorted by the mortgage approval basis of the Haliwide indices.It's hardly surprising as they have no money to lend, but the gap is getting wider by the month

These price falls are also based on an increasingly thin market, with only 25% of transactions now going through and falling.If nobody can buy or sell, the alleged price of a property is somewhat academic - which is one good reason why the LR doesn't include repos..

When lending restarts again - and I will refrain from predicting when that might be - the downward plunges are likely to reverse at similar speeds - and no doubt some people will get caught out again.

I hope it won't be you.:)

So Ed, have you been investing in much property yourself of late? You seem very keen to recommend others to put their hard-earned into bricks and mortar so I would imagine that a man of your obviously not inconsiderable means and firm conviction about a positive future for the housing market would be looking to expand his property portfolio with all those never-to-be-repeated bargain prices that are about, at the monent

drbeat

EdInvestor wrote: »

Blimey, I'm amazed that anyone has the time or energy to go trawling through people's back posts like neverdespair girl :eek:

But you have to admit that everything you've said so far has been incorrect. Or have I misunderstood your posts?