Why are prices rising so much and so fast?

camper_1982

Why are prices rising fo fast again. People have some very stupid valuations done and set there asking prices really high thinking they can still get the money they got in 2007 for them.
Also, why is it that when a neighbour sells, someone on the road puts theres up at a higher price thinking they can get more, when theres is a krap hole. Its madness.

The government should introduce new measures: -
A independent trained valuer should have to go out and value the house and set a figure for the true price for what it is worth, the seller can either sell at this prie but not go over the said amount, or they can take less if they wish. This would stop homeowners advertising there homes at ludicrous prices and making others push theirs up.

abaxas

Remember that all the 'stimulus' is magically ending just after the election.

I wonder why...

System

I'm pretty sure people can sell something for whatever they like.

I personally expect prices to start plateauing very soon.

Dan:_4

camper_1982 wrote: »

Why are prices rising fo fast again. People have some very stupid valuations done and set there asking prices really high thinking they can still get the money they got in 2007 for them.
Also, why is it that when a neighbour sells, someone on the road puts theres up at a higher price thinking they can get more, when theres is a krap hole. Its madness.

Prices are not rising fast, we are still well under the 2007 peak. Looking at the 70s and 80s recession, house prices crashed, bottomed, and got back to peak quite quickly - it looks like this will happen for this recession.

camper_1982 wrote: »

The government should introduce new measures: -
A independent trained valuer should have to go out and value the house and set a figure for the true price for what it is worth, the seller can either sell at this prie but not go over the said amount, or they can take less if they wish. This would stop homeowners advertising there homes at ludicrous prices and making others push theirs up.

Nice idea, but it's my house and I will dicide what price to sell at.

nembot

Nationlies and Haliblag know how much money is at stake, they will never tell the truth if it will put them in a bad position.

Bit like the "we're out of recession" rubbish recently.

0.1% ROFL

mr_fishbulb

camper_1982 wrote: »

A independent trained valuer should have to go out and value the house and set a figure for the true price for what it is worth, the seller can either sell at this prie but not go over the said amount, or they can take less if they wish. This would stop homeowners advertising there homes at ludicrous prices and making others push theirs up.

The value of something is what someone is prepared to pay for it.

It's not the sellers who are causing the prices to go up, it's the people who buy at those prices.

camper_1982

mr_fishbulb wrote: »

The value of something is what someone is prepared to pay for it.

It's not the sellers who are causing the prices to go up, it's the people who buy at those prices.

Why dont people stop buying then and it will stop the rises. Problem i have is ive sold my house to a cash buyer and got the asking price, which is great, but they are only paying me that if i sell it as no chain. so ive agreed.

Spent the last 2 weeks looking for somewhere to buy but there is nothing out there, so we are going to rent for a few months until we see the house i want.

But from watching the market, im really worried that asking prices are going up, so sale prices will too and we will be left out of our depth with trying to get a decent house.

What to do?

Flearoy

@@The government should introduce new measures: -
A independent trained valuer should have to go out and value the house and set a figure for the true price for what it is worth, the seller can either sell at this prie but not go over the said amount, or they can take less if they wish. This would stop homeowners advertising there homes at ludicrous prices and making others push theirs up@@

What guff. Houses will sell at the maximum price that a buyer is willing to pay. I bet you my last pound you'd sell your own home for as much as you could get for it rather than sell it at what you describe as 'it's true price'.

I believe that Cuba would be a suitable place for you to move to if you don't like the system here.

CLAPTON

camper_1982 wrote: »

Why dont people stop buying then and it will stop the rises.
What to do?

well practice what you preach and refuse to buy.

Gorgeous_George

Sellers will always want as much as possible - that is their right. Anything less is stupid.

Buyers need to smarten up or accept that they will pay as much as they can possibly afford (or borrow) to fund their stupidity.

People were recently paying thousands of pounds for a 20p coin. The Royal Mint should make some more dateless coins and sell them on to the thickos with too much money.

GG

doire_2

camper_1982 wrote: »

Why are prices rising fo fast again. People have some very stupid valuations done and set there asking prices really high thinking they can still get the money they got in 2007 for them.
Also, why is it that when a neighbour sells, someone on the road puts theres up at a higher price thinking they can get more, when theres is a krap hole. Its madness.

The government should introduce new measures: -
A independent trained valuer should have to go out and value the house and set a figure for the true price for what it is worth, the seller can either sell at this prie but not go over the said amount, or they can take less if they wish. This would stop homeowners advertising there homes at ludicrous prices and making others push theirs up.

Because LieBour will do ANYTHING to hold onto power. That includes propping up a housing market with money they haven't got. :rotfl::rotfl:

This is going to hurt future generations very hard