Buyers beware as confident home sellers start to hold out for the asking price

JonnyBravo

Harry_Powell wrote: »

Is this a Bull tag-team event?

Are you a pot or a kettle?

Care to consider my argument?

chucky

Harry_Powell wrote: »

Is this a Bull tag-team event?

no

Harry_Powell wrote: »

Are you on drugs?

ok let's start again Harry. but do me a favour and try to stop getting personal or trying to be clever because i have no issue in giving it back if you want to. i'll leave that one with you.

my view is and i have no problem in you disagreeing - otherwise i wouldn't be here discussing it with you.

your comments were that house prices were affected by unemplyment.
i asked you to back this comment up. you didn't and called it a straw man argument. ok fine.

my view is that unemployment is less of a factor driving house prices down due to the diversity of who becomes unemployed; homeowners with a morgage, renters, living with parents, social renters and home owners without a mortgage.

all i'm asking is if you agree with this?
if you don't fine, end of but less soundbites please.

Cannon_Fodder

Classic confusion of the argument...I'm almost lost, too, now.

Chuck, Harry NEVER said "only homeowners would suffer from job losses".

But on a forum about house prices, in a thread about asking prices, you expect him to put in caveats about renters, lodgers, etc...? A bit off topic, I'd say.

Why is it not possible to say rising unemployment will have an effect on house prices? (edit; ok, you just have, 1 minute earlier, fair enough)

It does not have to be homeowners being put out of work to impact the market (although there will be some % of all job losses being homeowners who might then get into difficulties) as there will be FTBs who will not come to the market if their job is lost.

Is that difficult to acknowledge?

Argue over mortgage lending coming 1st or 2nd, or wage inflation being 2nd or 3rd, by all means. Is unemployment 1st, 2nd or 3rd, not sure. Some other factor that hasn't got mentioned yet...maybe.

For FTBS it will be in 1st place, I'd have thought, as it would sink their mortgage offer....
For homeowners, it will vary on the rest of their financial position.

I'd like to see some proof that unemployment CANNOT affect house prices, from those people who want facts instead of soundbites.

chucky

Cannon_Fodder wrote: »

I'd like to see some proof that unemployment CANNOT affect house prices, from those people who want facts instead of soundbites.

well the question you've asked is the classic soundbite and lack of proof that we've accustomed too and your post is guilty of exactly that.

it's quite similar to the generalised statement that young Harry made and the argument that house prices will drop 70%.

JonnyBravo

Cannon_Fodder wrote: »

Classic confusion of the argument...

For FTBS it will be in 1st place, I'd have thought, as it would sink their mortgage offer.....

You're making the same mistake now CF.

Of course it's in first place for those who lose their job. Question is how many FTBers is that?

I'd bet many more are affected by the contraction of easily available mortgages with 5% deposits etc.

(Please note I am NOT saying that 5% mortgages are necessarily sensible and are needed etc)

Cannon_Fodder

chucky wrote: »

well the question you've asked is the classic soundbite and lack of proof that we've accustomed too.

it's quite similar to the argument that house prices will drop 70% - still waiting for that to happen.

So you asking for evidence and proof because you disagree with something is not a soundbite, but when someone else does it, it is a soundbite.

Classic.

Harry_Powell

chucky wrote: »

well the question you've asked is the classic soundbite and lack of proof that we've accustomed too and your post is guilty of exactly that.

it's quite similar to the generalised statement that young Harry made and the argument that house prices will drop 70%.

where did I say that house prices would fall 70%?? :rolleyes:

Ohhh, he's making it up as he goes along!

Yakubu22

tag me in Harry!

chucky

Cannon_Fodder wrote: »

So you asking for evidence and proof because you disagree with something is not a soundbite, but when someone else does it, it is a soundbite.

Classic.

you're normally quite good at coming back with evidence to back up your points.

Cannon_Fodder

chucky wrote: »

you're normally quite good at coming back with evidence to back up your points.

you should try it now and then...