Propety meltdown

macaque_2

Two years ago newspapers were publishing stories about speculators hoading empty properties. This habit fed the rumours of a property shortage. Today the market is full of desperate owners looking for buyers or tenants and all traces of a property shortage have dissapeared.

Multiple home owners are caught in a pincer movement. Unhappy to sell at current prices, they are putting homes up for rent. This is driving down rents and forcing other BTLs to offload at firesale prices (auctions are full of 'portfolios'). Falling rents and distressed sales are in turn are driving down house prices. This is a bear market where renters and sellers are chasing each other down at an accelerating rate. It is a harsh but necessary process.

The situation looks set to get worse going forward as more properties come on to the market, with 46% more surveyors seeing a rise in instructions during the period, leading to a record proportion predicting further falls in rents.

http://www.channel4.com/news/articles/business_money/rents+fall+in+letting+market/3036882

Dr_DiNg_DoNg

Today the market is full of desperate owners looking for buyers or tenants and all traces of a property shortage have dissapeared.

This is about as far away from the truth as is possible , I will correct it for you

Today the market is empty, except for a minority people who are both desperate to buy and sell properties.

its "disappeared" by the way.

ad9898_3

Dr_DiNg_DoNg wrote: »

This is about as far away from the truth as is possible , I will correct it for you



its "disappeared" by the way.

It's the lowest form of argument on forums to 'pick' on someones grammar, I can't be @rsed to look but I bet if I looked through your 50 posts, I would indeed find some grammatical errors. It's not big and it's not clever.

JonnyBravo

ad9898 wrote: »

It's the lowest for of argument on forums to 'pick' on someones grammar, I can't be @rsed to look but I bet if looked through your 50 posts, I would indeed find some grammatical errors. It's not big and it's not clever.

Or you could view it as someone helpfully correcting a spelling mistake that has, perhaps, been repeated many times over the years. Perhaps it's even been put in a CV sometime and cost someone a chance of an interview?



Or perhaps it was just a typo.



Either way, why frown upon education?

ad9898_3

JonnyBravo wrote: »

Or you could view it as someone helpfully correcting a spelling mistake that has, perhaps, been repeated many times over the years. Perhaps it's even been put in a CV sometime and cost someone a chance of an interview?



Or perhaps it was just a typo.



Either way, why frown upon education?

I agree, however the 'form' of the reply seemed to be a p*ss take rather than helpful education.

Generali

JonnyBravo wrote: »

Or you could view it as someone helpfully correcting a spelling mistake that has, perhaps, been repeated many times over the years. Perhaps it's even been put in a CV sometime and cost someone a chance of an interview?



Or perhaps it was just a typo.



Either way, why frown upon education?

Because the point of a BB like this is that people type quick responses. You should no more correct grammar on a BB than when using the spoken word.

It's also a really lame way to put someone down.

PasturesNew

ad9898 wrote: »

It's the lowest form of argument on forums to 'pick' on someones grammar, I can't be @rsed to look but I bet if I looked through your 50 posts, I would indeed find some grammatical errors. It's not big and it's not clever.

You corrected this ... you had a typo.
I saw it...
:P

chucky

macaque - you continuosly bring me good news. thank you.

from your article - but you knew this already didn't you
"With property sales at historical lows, the rental market will continue to boom - provided unemployment levels do not increase significantly"

"But surveyors in Great Britain are still reporting an increase in rental yields, as house price falls outstrip the drop in rents."

lostinrates

ad9898 wrote: »

It's the lowest form of argument on forums to 'pick' on someones grammar, I can't be @rsed to look but I bet if I looked through your 50 posts, I would indeed find some grammatical errors. It's not big and it's not clever.

The majority of you are pretty forgiving here though. There are worse places to type for the illiterate among us. I get some people complaining occasionally but in general you are all pretty supportive. I get very frustrated when I can't make clear what I'm trying to say though and I do make an effort both with choosing words and trying to make them clear. Sometimes I have trouble grasping what people are saying, if its very unclear, and I simply ask them to rephrase. I don't think many can mind a gentle teasing over a mistake, and for those of us prone to them ...its our fault not the reader's and so we have to accept the 'ticking off' I think.

I think I'm trying to say thank you......................:o

macaque_2

Dr_DiNg_DoNg wrote: »

This is about as far away from the truth as is possible , I will correct it for you

Today the market is empty, except for a minority people who are both desperate to buy and sell properties.

its "disappeared" by the way.

Maybe you are right. The sales market is empty because home owners are holding out for bubble prices. Buyers however waiting patiently for their 54% discounts (it was 55% last week). The rental market is also very quiet. All the renters are quietly counting the money they saving. The landlords meanwhile are paying people to stand outside Hammersmith Tube station with sandwich boards looking tenants. How desperate is that?

As for the word dissapeared, Macaques always spell it with 2S' and 1 P. They do it to wind up cocky little pedants (and that word doesn't mean what some of you think).

StevieJ

Generali wrote: »

Because the point of a BB like this is that people type quick responses. You should no more correct grammar on a BB than when using the spoken word.

It's also a really lame way to put someone down.

May we accept Lose and Loose for corrective critcism as it drives a lot of people mad:D I may add that I was corrected by JB on a spelling mistake and I actually learnt something :T
Generally though it is very bad form :cool: