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Drops of only 19% predicted on spreadfair
Comments
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They let you out of the funny farm way too early chuckyyou're exactly right Napoleon - you concentrate on your gambling
let the cleverer people worry about the little bit more complex stuff because i'm still waiting for a discussion or a sensible post to come from you instead of throwing insults in your online world.0 -
1. you're right anyone can hedge. but an index like this is not like an index for a commodity or an investment vehicle. houses/property is not a liquid or exchange tradeed asset, they vary greatly. It would be very difficult to hedge against property prices due to the diverse nature of the product.
Difficult to hedge a specific property, sure. But to hedge either against falls in the value of a diverse portfolio, or against price rises if you own nothing and are willing to be flexible on location and type of property? I don't think that's difficult at all.therefore if more people are betting on the property index going one way or the other the odds aren't as realistic due to the risk or potential losses for the betting company.
The betting company here takes 5% of the winner's winnings, and a flat fee. You are betting against other indviduals, the betting company has no part in setting the odds.Hurrah, now I have more thankings than postings, cheers everyone!0 -
HA HA HA. who would of thought that we are arguing about whether we will have 30% or 60% when fools on here were saying six months ago that there will never be a crash....because they will not let it happen ect...how times change..It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
who sets the range of spread at the formation of the market?......It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
Spreadfair is a spread betting exchange. The owners don't set the spread prices; the market does.therefore if more people are betting on the property index going one way or the other the odds aren't as realistic due to the risk or potential losses for the betting company.Happy chappy0 -
who sets the range of spread at the formation of the market?......
Anyone who wants to place a trade. It's like betfair. The first day a market opens there will be no liquidity, usually, then it will inch gradually in until people start trading. It's possible to have a spreadfair market with no numbers there at all, if nobody's interested - they don't put one up for the sake of it.Hurrah, now I have more thankings than postings, cheers everyone!0 -
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HA HA HA. who would of thought that we are arguing about whether we will have 30% or 60% when fools on here were saying six months ago that there will never be a crash....because they will not let it happen ect...how times change..
AMEN!
I agree with that whole heartedly. The people who were saying that were considered to be forum regulars or mini-experts in the housing field.
I almost fell for it and decided to buy at that time BUT i'm glad i held out.
The snide thing is that some poor suckers probably went ahead with a purchase.0 -
justpurchased wrote: »
On top of that 11% drop already recorded, 19% seems quite significant to me.
My personal guess is that it might well be more than that - time will tell....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Do you guys completely ignore the fact that most house purchases are based on two wages/salaries.
I'm not sure what % of places are bought with 2 incomes.
However, for those which are, a good proportion of those will have children, and it's likely that the relevant calculation would therefore be 2 x income minus childcare costs.
Generally speaking, I reckon a family with, say, 2 children, is better off if 1 parent is earning £80k a year and the other is at home, rather than 2 parents each working for £40k a year....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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