Why I Love House Prices Crashing

shakerbaby

michaels wrote: »

Apologies for quoting myself but it looks like at least the Halifax understand what I keep trying to explain

But this thread isn't about the supply of houses. :rolleyes:

Please re-read post #1 and retry. Thank you. :beer:

carolt

michaels wrote: »

Apologies for quoting myself but it looks like at least the Halifax understand what I keep trying to explain

Why, have they stopped building houses then?

Have I missed something then?

Is the housing stock stuck?

IveSeenTheLight

carolt wrote: »

Why, have they stopped building houses then?

Have I missed something then?

Is the housing stock stuck?

From a business perspective, why would house builders continue to build properties if they arleady have stock to sell and was seeing the products devaluing and a reduction in demand from potential buyers?

This was the case and as such the companies reduced their build output, cut overheads such that they did not over supply the market.

Similar to OPEC and oil prices. As oil prices lowered, they cut production to reduce the supply and shore up prices.

At the end of the day it's a market which will self regulate albeit with a small manipulation such as the ability to increase or decrease quantity of new build properties depending on the level of demand.

michaels

Post 3 by Generali:

http://forums.moneysavingexpert.com/showthread.html?t=1848039

carolt wrote: »

Why, have they stopped building houses then?

Have I missed something then?

Is the housing stock stuck?

Conrad

shakerbaby wrote: »

Nope I want a house big enough to raise a family and one that doesn't require 2 salaries to finance as you see I'd like my children to be more than just latch key kids. :rolleyes: Not everyone on here is as greedy and disgustingly selfish as the bulls. :eek:

OK I WANT YOU TO BE HONEST NOW;

Should you need to sell at say age 65 can you guarantee me you will not be mindful of gleaning best price?

If your answer is yes, then truly you aren't greedy, but it also MUST follow that you sell other items, perhaps your car for rock bottom price to benefit society - you do that do you??

shakerbaby

Conrad wrote: »

OK I WANT YOU TO BE HONEST NOW;

Should you need to sell at say age 65 can you guarantee me you will not be mindful of gleaning best price?

If your answer is yes, then truly you aren't greedy, but it also MUST follow that you sell other items, perhaps your car for rock bottom price to benefit society - you do that do you??

That depends on the need to sell. :rolleyes:

mr.broderick

nearlynew wrote: »

It was.

Until I sold one earlier this year.

Hardly an entrepreneur extraordiniare are you ? Selling at the bottom?

carolt

michaels wrote: »

Post 3 by Generali:

http://forums.moneysavingexpert.com/showthread.html?t=1848039

That hardly says they're not building any more houses.

That post claimed:

"around 100,000 homes will be built during 2009".

Generali made the point that "will the coming pensions crisis force baby boomers to sell at lower prices and move into smaller properties? My bets are on the latter but time, as ever, will tell..." - which seems a very sensible surmise.

nearlynew

mr.broderick wrote: »

Hardly an entrepreneur extraordiniare are you ? Selling at the bottom?

A bird in the hand and all that.......

I do not claim to be an entrepeneur (I copied your spelling, though I'm not sure if it's right-can't be bothered to check) and I don't think the bottom has been reached yet.

I've upped my standards, so up yours brodders.

shakerbaby

mr.broderick wrote: »

Hardly an entrepreneur extraordiniare are you ? Selling at the bottom?

Did they ever claim to be one? Houses should be for living and raising families in not investment vehicles. :rolleyes: