UK house sales 'at 30-year low' (Well lower when they started measuring)

sarkin

abaxas wrote: »

OT but kind of relevent.

Years ago, our local vicar did a sermon on 'greed'. He said that every action was greedy and then went on to describe how even the most benevolent people were greedy too.

He said that even 'Mother Theresa' was greedy as she admitted to gaining pleasure from her work and wanting to do more.

Greed can be good. It depends on your view of the outcome.

I didnt know vicars were quoting Gordon Geko the Wall St guy that screwed them all.

http://www.americanrhetoric.com/MovieSpeeches/moviespeechwallstreet.html

PasturesNew

sarkin wrote: »

Rant over did I miss anything

People stop buying luxury goods, like Kipling cakes.

carolt

Did you know he wrote some might fine poems, too?

Kez100

PasturesNew wrote: »

People stop buying luxury goods, like Kipling cakes.

And Kipling bags.

Remnds me - son picked up some Kipling cakes in Asda the other day. I put them back and picked up the same cake made by Asda, much cheaper. Difference - inside each cake didn't have it's own wrapper and the packaging was dull violet colour and not bright red.

DirectDebacle

neverdespairgirl wrote: »

That is, literally, my life-time.

......life-time so far. Unless you are finally neverdespairgirlrip.:sad:

besonders1

I believe that once the house prices come back down again like they were in the late 1990s, the market will get moving again. Unless this happens house sales will never be the same again. The house prices need to match wages.

fatpig_2

drbeat wrote: »

These RICS's pr1cks are joining the dole queue like there's no tomorrow. One out of work RICS was on Radio 4 the other day talking about how some surveyors where in cahoots with mortgage brokers with regards to over-inflating prices. I was quite shocked at the extent of this mortgage fraud as it it extends back to surveyors too.

Surveyor = Estate agent with a few GCSE's. And just as dishonest

boyse7en

carolt wrote: »

Did you know he wrote some might fine poems, too?

IF you can keep your head when all about you
Are losing theirs and blaming it on you,
Then you'll be Gordon Brown/a banker/a BTL owner/the media, my son

ad9898_3

Whats hilarious is I have just heard on Sky News that they say its because of the lack of mortgages:rotfl:.

There are over 2000+ mortgages available, if you have a decent deposit. I wonder what the other reason could be, I just can't think what else it could possibly be....

mean_momma

Old_Git wrote: »

at the moment is it really such a bad thing that houses are not selling ?

If things had just ticked along steadily we would not be in this mess. Boom goes with bust, unfortunately.

As for sellers not wanting to reduce prices, they have to be sure that they can replace their sold property with one that has similarly dropped in price. Nobody is going to risk losing their property and finding that they can't afford the replacement, or that there is nothing on offer. Furthermore, if they wait a bit longer, stamp duty may be considerably cheaper, if not temporarily abolished.