Mass Hysteria

pickledpink

neverdespairgirl wrote: »

Very nice, in a stifling stockbroker belt kind of way. Lovely if that's your cup of tea.

Where do you live, NDG? I know your parents live in Blackheath (you mention where they live in just about every other post) now THAT'S dull, but has a touch of shabby chic I guess - if you like that kind of thing;) ........

chewmylegoff

rumbaba wrote: »

Hi Sue,

That was the original point I was making: the nice properties are only dropping marginally.

The house we're referring to has only dropped 3.5%.

i think you're wrong there, given that the property in question has been on the market since march and no-one has bought it at its current price of £840k. (it hasn't been part of a collapsed sale as that would show up on property bee).

this means that the true market value of that house is not £840k, but some figure below £840k.

just because the asking price has not fallen much doesn't mean that the property is holding its market value. it just means that the seller hasn't lowered the asking price to a point where anyone is interested in buying the house. sold prices are market value, not asking prices.

if you look at properties in banstead between £750k and £1m, there are plenty of examples of properties reducing their asking price and failing to sell, many of the houses have been on the market for a long time.

neverdespairgirl

pickledpink wrote: »

Where do you live, NDG? I know your parents live in Blackheath (you mention where they live in just about every other post) now THAT'S dull, but has a touch of shabby chic I guess - if you like that kind of thing;) ........

We live in WC1 - Bloomsbury. Near Holborn.

I did a quick search of all my own posts on this board, and found 12 which had the word "Blackheath" in them. Not exactly half!

dopester

chewmylegoff wrote: »

just because the asking price has not fallen much doesn't mean that the property is holding its market value. it just means that the seller hasn't lowered the asking price to a point where anyone is interested in buying the house. sold prices are market value, not asking prices.

That sums it up for me as well.

The crash has already happened.

Its just that most sellers don't realise it yet. (And a very small percentage of buyers)

dopester

rumbaba wrote: »

Round my way the falls have been tiny - but the very nice properties are not even going up for sale. And looking at the property pages it seems it's mainly the poorer properties that have dropped considerably; the nice properties are not falling anywhere near as much.

Ok so we've determined you live in Banstead.

I suggest you get the Property-Bee plugin so you can follow the real market more accurately.

So many of the people who are trying to sell "nice" properties (or top end anyway) seem to be reducing their price in order to try and find a buyer.




And these are serious reductions in terms of real money. What a buyer would be obligated to pay, with deposit and mortgage - or liquid funds. And you might believe that it levels off from here, but some of us believe there will be many more reductions to come in the market.

Plus, Banstead seems to be getting hit with price reductions across the board.

pickledpink

Dope,

Those properties you've pulled up are hardly the top end of the market!:rotfl:
I know Banstead - and the part Rumbaba is talking about - no way would you find a 3 bed for £390K! That must be the Wallington end of Banstead.

Banstead proper? You're looking at £800K minimum for a 4 bed. Up to £3M maybe - IF they were wanting to sell - which they probably wouldn't.

No-one wants to leave there:p

It's beautiful.

pickledpink

neverdespairgirl wrote: »

We live in WC1 - Bloomsbury. Near Holborn.

I did a quick search of all my own posts on this board, and found 12 which had the word "Blackheath" in them. Not exactly half!

Now go and do a QUICK search of your 3,190 posts and see how many times you've mentioned your PARENTS!:T

pickledpink

Incidentally NDG.................I hope you're not neglecting your husband with all this time consuming business of yours - or isn't he bothered?:p

moanymoany

pickledpink wrote: »

Now go and do a QUICK search of your 3,190 posts and see how many times you've mentioned your PARENTS!

Incidentally NDG.................I hope you're not neglecting your husband with all this time consuming business of yours - or isn't he bothered?:p
:T

Why is this a problem? Whether or not NDG refers to anything more than once is hardly a reason for unpleasantness. There is always the ignore button if you don't like someone's posts.

pickledpink is not another of DD's alter egos is it? Come on now, 'fess up!

mewbie_2

pickledpink wrote: »

Incidentally NDG.................I hope you're not neglecting your husband with all this time consuming business of yours - or isn't he bothered?:p

So... er... how can you spend so much time on here? Is hubby at the golf club, or on 'business'. Or just downstairs in the new kitchend watching the Matsui with the au pair, while you sit in the box room, sorry 'study'.