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Debate House Prices
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Just 7 houses sold in the whole of chester in may
Comments
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I thought that house prices were supposed to tank on low sales as these would mainly be forced sales sent to auction e.g. divorce,death etc.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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shakerbaby wrote: »Scarey scarey charts for the Bulls. I have just tried Maidstone, which is pure Sibley ground...
:eek:
Yes they are so scared that they don't wish to sell their houses
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
I thought that house prices were supposed to tank on low sales as these would mainly be forced sales sent to auction e.g. divorce,death etc.
Well the facts show you thought wrong
IMO this is easy to explain. The houses that are being sold now are the higher value houses, not neccesarily needing a mortgage, people with plenty of equity etc.
However, need a normal house for a normal family, and mortgages are damn hard to get, the loss in equity is likely to mean more.
Therefore, I would imagine the turnover is more 3 bed detached upwards, than the starter / small family home...as these people in general will be more effected by current mortgage / equity / job problems.0 -
Graham_Devon wrote: »Well the facts show you thought wrong
Wasn't me that was coming out with marginal forced sales driving down prices, it was you lot I think it is one of Dopesters pet theories 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Wasn't me that was coming out with marginal forced sales driving down prices, it was you lot I think it is one of Dopesters pet theories
In normal times, it might. But were not in normal times.
Seems to me the places with the biggest falls are those that are selling decent volumes still....where I live is a perfect example of this. Still plenty of sales here, but prices are falling, down 1.2% average last month.
All the local areas some people like to tell us to look at as they are rising (aberdeen, merthr etc) have very low sales volumes, which is always ignored.0 -
Can someone help my simple mind. What does all this data mean in laymans terms?0
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carefullycautious wrote: »Can someone help my simple mind. What does all this data mean in laymans terms?
Means people aint buying houses in those areas
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carefullycautious wrote: »Can someone help my simple mind. What does all this data mean in laymans terms?
Not many houses being sold for one reason or another. 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Graham_Devon wrote: »where I live is a perfect example of this. Still plenty of sales here, but prices are falling, down 1.2% average last month.
Where is your local area? Is it Devon?
According to LR, Devon has dropped 0.2% for each of the last three months (Mar, Apr, May)
I understand that 25% of your popoulation is retired, information from the OECD factbook eXplorer:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
So how can they say house prices are rising then?0
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