House Valuation Q for Homeowners

Dan:_4

It has falled in value by more than the national average.

Some people who have voted arn't home owners. :rolleyes:

Generali

Dan: wrote: »

Some people who have voted arn't home owners. :rolleyes:

Will you divulge which rotters voted under false pretences?

Really2

It has risen in value/fallen by less than average.

Generali wrote: »

Will you divulge which rotters voted under false pretences?

I think mbd99jh (is that it) is not a owner, not sure on others.

add Thrugelmir i thin lol. (looked at history.)

Dan:_4

It has falled in value by more than the national average.

Generali wrote: »

Will you divulge which rotters voted under false pretences?

neas is another one

Dan:_4

It has falled in value by more than the national average.

I thought ad was waiting to buy (or does he own one also)

Dan:_4

It has falled in value by more than the national average.

It don't bother me these people voting, but I have a feeling it will affect your findings Gen?

chucky

tut, tut... there's a couple more too, just shows there is no integrity amongst the doomers

ToMoCo

It has risen in value/fallen by less than average.

Central Scotland.

Down 13% from peak according to Nationwide.

But nothing is moving in local area.

Generali

Dan: wrote: »

It don't bother me these people voting, but I have a feeling it will affect your findings Gen?

Well as luck would have it, each voted in a different category so cancel each other out!

Generali

Ok, the point of this is that there is an economic/psychological theory. This was demonstrated originally by some guys who went along to a pin (you know those enamelled badges) convention and gave away one of 2 pins randomly to people for completing a simple task. They then asked people if they wanted to swap the pin they had for the other one. Most people refused to swap.

The idea that was generated is that people value more highly what they already own (thus didn't want to swap for the other pin - despite them being of equal value) and my prediction was that more people would think their houses had fallen by less than average as a result.

The prediction is borne out by the votes although we don't really have a statistically valid sample. Thanks for indulging me.

The obvious real-world use for this theory when it comes to house prices is that in a falling market people will tend to chase the market down as they believe their house is worth more than similar ones.

It's probably a let down really. Thanks again to everyone who voted.