OH MY GOODNESS - the house price crash hits home!

silvercar

Batchy wrote: »

so you believe what the biggest 'LANDLORD' (being major property owner) in the UK says about house prices? IE NATIONWIDE? I assume because you don't do you own research?

Please show me a house off rightmove using property bee, that has shown a 10% price increase from 2008 to 2009 ... You wont be able to... in my previous post ive explained I can show you around 45 (can't remember the number now) that did fall... but NON that increased. Also... would be interesting to track this... 'property' so WHEN or IF it does sell we can track the SELLING PRICE on houseprices.co.uk.

Good luck...

I'm tracking it:)

Batchy

silvercar wrote: »

I'm tracking it:)

let me know how you get on... ;-)

mrstilton

I regularly look through many EA's lists - Rightmove too etc - and the majority of the properties (certainly anything good) is either under offer or sold.

Take a look and see for yourselves - don't bury your heads in the sand and pretend it isn't happening! That's just being in denial.

lostinrates

mrstilton wrote: »

I regularly look through many EA's lists - Rightmove too etc - and the majority of the properties (certainly anything good) is either under offer or sold.

Take a look and see for yourselves - don't bury your heads in the sand and pretend it isn't happening! That's just being in denial.

So do I, but see a more mixed picture than you do. I look over a very large geographical area, but at non standard properties. I would say ''good'' properties well priced go, and often very quickly. Good properties poorly priced can sit for a long time (I've been tracking some from before ''crash''.) Sometimes good properties fairly priced can sit too. (one I'm watching has been on market almost three years, and is a really good property at a really good price. I also know now, from conversation in last month, that this property's original pricing, and then down scale duing crash, was a promt for its nearest comparables to be removed from the market....the comparison in what was available for price in area was simply too much for these sellers to get what they want for their properties.

something I was going to look at went under offer before Christmas (just before we were going to view) and is now back on the market....with a £45k reduction....which is interesting because there is interest in it, I know I'm not the only one who has asked about it.

Also, sales that have gone through ARE impacting the asking prices of things coming to market. Something I shared here sold price as a repo/auction seems reflected in a few similar properties in better nick coming o market. A sold price of over half a million still sounds very boyant...until you think what these properties were commanding in that local area at peak: In comparison to peak its not good, but in this particular type of property I would say its not gone to...say 2004 levels...not that far,certainly not in asking prices. Its hard to follow a range of different property types over a large area, so my information is in no way complete or whole of market...and there are some real oddities, some I post about here.

Interestingly I saw someone boasting hugely about the house they had just bought on another forum..and how they couldn't have afforded it at peak..I didn't burst their bubble, but they obviously had done no research, buying it for somewhere ITRO £100k more (according to them, I didn't look up figures, but the asking price was £100k more, and the person didn't strike me as a huge bargainer, I think they would hav got some off, I hope!) than it sold for at peak. Changes had been made, but not at such a scale I would have valued them at 100k plus losses from peak. (and in comparison to other properties.). The sale of that one property would have impacted significantly on figures.

I'm also aware that, in the sort of properties I'm looking at, people have sustained losses in hope, and are reaching the end of reserves and options. This is terribly sad as it corresponds with some changes in relevant other areas which are further adding pressure to this sort of property.

I look mainly in ''central south'' but often into south east and west too. what areas and property types do you focus on?

Batchy

chucky wrote: »

so true - you best tell Carol off too then


did i read that right??????

have you not seen the YoY numbers from any of the index's???

LOL
Indexes can / are messed with due to the mix of the houses being sold... OR excluded... read the small print at the bottom of the statistics...
I give you a chance to prove yourself... but if you can't ... JUST SAY

Trust me... its not in my interest for houses prices to be reducing my gf, owns a house. I keep looking ... but just can't find anything.

prove me wrong, or offer me some hope that i might be wrong ????

Batchy

lostinrates wrote: »

So do I, but see a more mixed picture than you do. I look over a very large geographical area, but at non standard properties. I would say ''good'' properties well priced go, and often very quickly. Good properties poorly priced can sit for a long time (I've been tracking some from before ''crash''.) Sometimes good properties fairly priced can sit too. (one I'm watching has been on market almost three years, and is a really good property at a really good price. I also know now, from conversation in last month, that this property's original pricing, and then down scale duing crash, was a promt for its nearest comparables to be removed from the market....the comparison in what was available for price in area was simply too much for these sellers to get what they want for their properties.

something I was going to look at went under offer before Christmas (just before we were going to view) and is now back on the market....with a £45k reduction....which is interesting because there is interest in it, I know I'm not the only one who has asked about it.

Also, sales that have gone through ARE impacting the asking prices of things coming to market. Something I shared here sold price as a repo/auction seems reflected in a few similar properties in better nick coming o market. A sold price of over half a million still sounds very boyant...until you think what these properties were commanding in that local area at peak: In comparison to peak its not good, but in this particular type of property I would say its not gone to...say 2004 levels...not that far,certainly not in asking prices. Its hard to follow a range of different property types over a large area, so my information is in no way complete or whole of market...and there are some real oddities, some I post about here.

Interestingly I saw someone boasting hugely about the house they had just bought on another forum..and how they couldn't have afforded it at peak..I didn't burst their bubble, but they obviously had done no research, buying it for somewhere ITRO £100k more (according to them, I didn't look up figures, but the asking price was £100k more, and the person didn't strike me as a huge bargainer, I think they would hav got some off, I hope!) than it sold for at peak. Changes had been made, but not at such a scale I would have valued them at 100k plus losses from peak. (and in comparison to other properties.). The sale of that one property would have impacted significantly on figures.

I'm also aware that, in the sort of properties I'm looking at, people have sustained losses in hope, and are reaching the end of reserves and options. This is terribly sad as it corresponds with some changes in relevant other areas which are further adding pressure to this sort of property.

I look mainly in ''central south'' but often into south east and west too. what areas and property types do you focus on?

agree totally... and its the same story here.

I went to view a good few properties over the last 6 months ... and ALL are available for less... from 10k to 15k... over the last 6 months have paid very little in RENT over the same period. its a distinct and very FACTUAL saving.

I honestly think there has been more price movements downwards over the last 6 months than over the previous 24 months.

Granted non of the properties were GREAT/ as in showroom condition... but all had something of interest about them. They have even moved agents in some cases... but still ... Nothing, no sale... NO SSTC... etc. Still the agents ring to see if im interested.

chucky

Batchy wrote: »

LOL
Indexes can / are messed with due to the mix of the houses being sold... OR excluded... read the small print at the bottom of the statistics...
I give you a chance to prove yourself... but if you can't ... JUST SAY

Trust me... its not in my interest for houses prices to be reducing my gf, owns a house. I keep looking ... but just can't find anything.

prove me wrong, or offer me some hope that i might be wrong ????

prove you wrong?? i'd rather laugh at your conspiracy theory. nice one dude :T

lostinrates

Batchy wrote: »

agree totally... and its the same story here.

I went to view a good few properties over the last 6 months ... and ALL are available for less... from 10k to 15k... over the last 6 months have paid very little in RENT over the same period. its a distinct and very FACTUAL saving.

I honestly think there has been more price movements downwards over the last 6 months than over the previous 24 months.

Granted non of the properties were GREAT/ as in showroom condition... but all had something of interest about them. They have even moved agents in some cases... but still ... Nothing, no sale... NO SSTC... etc. Still the agents ring to see if im interested.

To be clear I am seeing things sell, and as I say, some with pretty good profit even from peak, but....its hardly a case of all good is gone, but nor is it nothing at all is selling. Its still a gamble to play any sort of game with sellers, and vice versa, because both buyers and sellers have some choice it seems to me.

carolt

michaels wrote: »

Regardless of the value of the anecdote I think the responses to carolT who is a respected poster on this board (I respect her therefore she is respected) were unnecessarily rude.

Well thank you.

I haven't even read them - though Hamish helpfully provided a little insult summary to save me the time - yet I am also sure that this was the case.

Hmm. Fortunately, their problem not mine.


Incidentally, can't believe this thread is still here!

Did I hit a nerve or something?

Must have.

carolt

honeypopper wrote: »

Carol,

If you hadn't just told us, now, that you live round the corner to where the house is - and where the man was murdered in an alleyway- no-one would have known it's round the corner to you!!

You're just trying to wriggle out of things again, because you constantly make up stories without being able to substantiate them.

Everyone on here can see through you, and what you're trying to do. Why do you waste so much of your time making up stories, or posting threads in giant headlines which were first posted last century!

I have to agree with the majority of posters on here - there is somewthing VERY unsavoury about the way you seem to relish in the prospect that people might be losing money. It's quite sick actually, and as we all know that people's characters shine through their faces - I imagine you to be quite ugly; one of those mean-looking women with a downturned mouth, sneer and a growl set on their mug. NOT a good look!

Anyway, slightly off topic, but property is actually RISING in price due to more demand and fewer properties going on the market. So that story you've made up in your head needs tweaking!

pickledpink - for it's bleeding obvious it's you (can't you try just a little to disguise your style...?) - I just thought I'd let you know that I have reported your post.

Don't think the post itself deserves any comment, before it's removed by abuse.