"Just one in ten expect prices to fall"

the_ash_and_the_oak

Graham_Devon wrote: »

Let me get this straight. They ask people who are looking to buy, whether they think prices will fall?

Well, I doubt they would be looking to enter the market if they DID think prices were going to fall.

Genius survey.

What is your opinion of sentiment from 2007 till today? Anecdotally I mean (as surely sentiment is the very definition of anecdotal)

brit1234

HAMISH_MCTAVISH wrote: »

http://www.moneyfacts.co.uk/Article/92718/ftbs-look-to-buy-now.aspx
:beer:

Mmmmm, tasty bull food....;)

Buyer sentiment is critical to the market and it doesn't get much more positive than that.

So fiance has nothing to do with it at all.

• Selfcert going
• 100% + mortgages gone
• Reduced multiples
• No money down clamped down on
• Gift deposits gone

Come on Hamish you know the housing bubble was fueled by cheap credit and fraud. How come a little sentimentent from vested interests stop prices from falling if there is no money to support them?

ruggedtoast

Dont try and engage Hamish with facts, he won't reply anyway and you wont change his mind.

Oh Hamish, sitting there beavering away on your desktop, making a face like a joey's pouch...

chucky

brit1234 wrote: »

So fiance has nothing to do with it at all.

are you getting married Brit - congrats

brit1234 wrote: »

How come a little sentimentent from vested interests stop prices from falling if there is no money to support them?

2009 house prices are being supported by 2009 lending - it's not that hard to understand Brit.

julieq

Actually, to save Hamish the bother, there aren't many facts in Brit's post.

There's a set of assertions and a couple of non sequiturs.

If cheap credit caused the boom, it's cheaper now. Bears often assert there was some sort of generalised fraud, but there's no evidence of that.

Self certificated mortgages were a small part of the mortgage market, and multiples on average were as they've always been, despite vastly lower interest rates in comparison with the time the multiples were derived. A few people in some areas got high multiples, they are probably still living in their homes for the most part because they were good credit risks.

ruggedtoast

I challenge anyone to spend half an hour in a locked room with me, property bee and a length of rubber hose and not come out agreeing that the NW stats are a load of boolox.

macaque_2

HAMISH_MCTAVISH wrote: »

Mmmmm, tasty bull food...
Buyer sentiment is critical to the market and it doesn't get much more positive than that.

In a recent survey of men with erectile dysfunction, over 90% declared that women prefer head aches to sex

ruggedtoast

It must be terribly disappointing for the bulls - reading all this stuff about average prices going up, but then when you look at actual prices of houses that are actually bought and sold, they're still going down.

Confusing for them what?

julieq

That would be prices as recorded by the Land Registry then?

Most of the "bulls" are actually moderates. It's a lot easier to be right when you plot a course between extremes. Most "bulls" have been suggesting a drop back in prices over the winter, but then we were more pessimistic over the summer in relation to the way things turned out.

Cleaver

ruggedtoast wrote: »

I challenge anyone to spend half an hour in a locked room with me, property bee and a length of rubber hose and not come out agreeing that the NW stats are a load of boolox.

I think I'd come out of that particular scenario with far more on my mind that property prices in the North West.