Times: Can't sell? Raise The Price!!!!

chucky

carolt wrote: »

Exactly. That was precisely my point.

yes i see now. you know what estate agents are like, they're not going to tell you the not so good things about a house.

the area is pretty good - but in saying that 1 mile up the road it's not as nice. not as bad as some London areas but not as nice. you get that in London as everything is so close to each other.

Pobby

Still sitting here just wondering about house prices. Still not sure that they are not going to fall. As I say, seems to me to be an artificial propping up right now. However, we will have to wait.

chucky

Pobby wrote: »

Still sitting here just wondering about house prices. Still not sure that they are not going to fall. As I say, seems to me to be an artificial propping up right now. However, we will have to wait.

maybe you're right Pobby - but here's my thinking if major banks collapsed, the others were made virtually bankrupt and there was a huge amount of wealth destruction and we only got 20% drops. what do we need to happen for it to be 50% drops?

we're going to need some major pieces of armageddon and mad max stuff going on.
it's just not going to happen - not in our life time anyway.

if we're talking some sort of re-adjustment in real terms, that's a different discussion.

carolt

chucky, your £1700 a month mortgage aside - hard to put aside, I'm sure - are you telling me that you expect the current level of propping-up by the state to continue indefinitely? That we could afford to do so? Or that the political will to do so would still be there post-election?

And what on earh do you think's going to happen to house prices once the lowest interest rates in 400 years come to an end?

chucky

carolt wrote: »

chucky, your £1700 a month mortgage aside - hard to put aside, I'm sure - are you telling me that you expect the current level of propping-up by the state to continue indefinitely? That we could afford to do so? Or that the political will to do so would still be there post-election?

And what on earh do you think's going to happen to house prices once the lowest interest rates in 400 years come to an end?

my mortgage payments have very little to do with my point of view.
why is it hard to put aside? i can afford it comfortably and nearly £2k extra. it has nothing to do with it
it seems that you are more bothered about it than me

i didn't say that prices would not correct themselves - i'm saying that prices will not drop to the levels that people want or think they should be at. they may in real terms but we won't be seeing 20% drops for a long, long while.

it would be political suicide for any party to not support home owners and by default house prices.
everyone is expecting the tories to win - they would be the last people to go against the above - especially with the structure of their politics and the traditional background of their voters.

dopester

I'll be sure to monitor my media-pimped thread to await evidence of this phenomenon becoming widespread, and whether it results in sales.

boomerangs wrote: »

So lets get this straight. A certain vendor can't sell their property because the asking price is too high. That same vendor decides to increase the asking price even higher and suprise, suprise they still can't sell it. There's certainly some dumb a$$es about.

One time I read a story where a company placed a job advert for a position which came with salary of $150,000. They got remarkably few applications for the position. They then placed the advert again but with a salary of $50,000 and got heaps more applications, and many worthy candidates.

That doesn't really have too much bearing on this I suppose, but does show people have some focus to price=worth. Some may feel they are not worthy of job paying a high salary, whilst others feel paying well over market odds is reflected in some sort of prestige. They'd have to be a bit stupid though. Freely paying well over the odds.

Also not everyone is in the position to wait it out, and just keep raising their asking price. It's all well-and-good to do that, but what you going to do when the near identical home next-door lowers their asking by another £50K?

skap7309

Brilliant article - all the cases have risen prices, which in turn have risen in viewings..........................but no mention of any sales?

Take it there is little news out there at the moment. Still, if you are getting paid to do something as a journalist why not make a story out of nothing.

Garbage. Complete garbage.

skap7309

chucky wrote: »

it's not a wind up it really is happening, have to agree with Hamish here

i viewed this in December last year
http://www.rightmove.co.uk/property-for-sale/property-11279784.html?backToListURL=%2Fuser%2Fshortlist.html%3Ftype%3DBUYING%26index%3D20

you'll see it has a higher price now at £950k - £75k more
http://www.rightmove.co.uk/property-for-sale/property-27648833.html?pageNumber=1&fromSummary=true&backToListURL=%2Fproperty-for-sale%2FActon-Green%2Fterraced.html

No-one is denying it is happening however, last December and.........................it still has not sold.

Please, what a waste of time this thread is until someone can tell me these dumb ideas are selling in droves. Maybe one or two are (i would call that very lucky, not clever) but for the other 95% it is going to be a long, cold winter.

carolt

chucky wrote: »

my mortgage payments have very little to do with my point of view.
why is it hard to put aside? i can afford it comfortably and nearly £2k extra. it has nothing to do with it
it seems that you are more bothered about it than me

i didn't say that prices would not correct themselves - i'm saying that prices will not drop to the levels that people want or think they should be at. they may in real terms but we won't be seeing 20% drops for a long, long while.

it would be political suicide for any party to not support home owners and by default house prices.
everyone is expecting the tories to win - they would be the last people to go against the above - especially with the structure of their politics and the traditional background of their voters.

Re your first point - I see no reason why your wishes should not dicatate your POV, much as you accuse others (incl myself) of.

Re your last point, their political heartland did not prevent the Tories raising rates to 15% last time. Plus, you know as well as I do, that there is no way that the UK govt - of any colour - would be allowed to keep pumping money into the system for much longer - bang would go our AAA rating. We're treading a fine line as it is. The support is finite and will run out soon - post election, obviously.

Actually, I think it's much easier for the incoming Tories to end support measures, politically, as they can just blame all the resultant hardship on 13 years of Labour rule (not unreasonably).

doire_2

HAMISH_MCTAVISH wrote: »

http://property.timesonline.co.uk/tol/life_and_style/property/buying_and_selling/article6952605.ece

What a delightful artice.:beer:

Property market recovery continues apace, and a year ago absolutely nobody would have thought it possible that such positivity would be the case in the market today.

A few crumbs of bear food in there as well, stating the obvious, that London and the South East are leading the rest of the country in the recovery just like last time.

So Northern Bears (Ursus Arctos Miserablis) may have a little more time to find a cave for the next 15 year hibernation... Southern Bears (Ursus Arctos Skintus) on the other hand, will find all the best deals on caves are long gone.;)

So a couple of muppets raise their asking price and you post about it?

Talk about ripping the ars.e out of it :rotfl: