More than 80% of MSE readers believe house prices will not fall

HammerSmashedFace

chucky wrote: »

so you thought you'd spin it into something else than it was. nice one.

I don't get ya mate, if you were refering to my original post, I did say there that they were stagnating or falling. If you were refering to the thread starter, I stick by what I originally said, which is, the question that mse'rs were asked was wrong in the first place given the evidence that Hometrack's study suggested, as prices are plainly not rising in the vast majority of postcodes, and therefore are not rising in a vast majority of the UK.

Of course if Hometrack's study is wrong than I stand to be corrected, but comment can only be passed on the information available.

chucky

HammerSmashedFace wrote: »

I don't get ya mate, if you were refering to my original post, I did say there that they were stagnating or falling.

it could be turned round and said that 95% of property is not dropping in price and rising

it sounds good if i was ramping but all it means is that 89% of prices are stagnating between +/-3% YoY

for people that just look at the headlines your comment sounded good and appeals to the resident frothers on this forum like Devon - the 93% comment is neither here nor there (just like me saying the 95% comment).

GDB2222

If everybody thinks that prices are going up, it's surely a great time to sell? Or at least it would be on the stock market. In the housing market there seems to be a strange momentum.

Davesnave

GDB2222 wrote: »

If everybody thinks that prices are going up, it's surely a great time to sell? Or at least it would be on the stock market. In the housing market there seems to be a strange momentum.

I'm not sure what you are saying. Do you mean inertia?

Certainly, my Rightmove alerts, which haven't changed in 3 years or so, are way down ATM. For one, I'd expect to be seeing 6 or 7 pages now, and maybe 9 pages in a month or two, but they are sending me less than two pages.

I'm not looking to buy. Rightmove is just a habit now!:o

Graham_Devon

chucky wrote: »

it could be turned round and said that 95% of property is not dropping in price and rising

it sounds good if i was ramping but all it means is that 89% of prices are stagnating between +/-3% YoY

for people that just look at the headlines your comment sounded good and appeals to the resident frothers on this forum like Devon - the 93% comment is neither here nor there (just like me saying the 95% comment).

Why you drag me into this?

It's quite clear to anyone with half a cell up there that if 7% have risen, 93% have either stayed the same or fallen in price.

Don't drag me into it just because it didn't suit you. Feel free to spin it in any way you can think of.

HammerSmashedFace

chucky wrote: »

the 93% comment is neither here nor there (just like me saying the 95% comment).

Don't mean to have a dig here chucky but this has to be said, when I was talking of 10% unemployment a few months ago and the headline that harks back to the 80's of 'I am a 1 in 10', it was oft said on the forum and in particularly by you that, 10% isn't too bad as it means 90% are in work.

If the '93%' in my statement 'doesn't mean anything except a bit of spin', what is the difference when you said '90%' as regards of the employment comments?, you can't have it both ways.

chucky

HammerSmashedFace wrote: »

Don't mean to have a dig here chucky but this has to be said, when I was talking of 10% unemployment a few months ago and the headline that harks back to the 80's of 'I am a 1 in 10', it was oft said on the forum and in particularly by you that, 10% isn't too bad as it means 90% are in work.

If the '93%' in my statement 'doesn't mean anything except a bit of spin', what is the difference when you said '90%' as regards of the employment comments?, you can't have it both ways.

because you're either unemployed or you're employed.

you can either have prices rising, stagnating or prices dropping. the variables are obviously more.

there is a difference - you know there is.
you're not one of those frothers that misses the point all the time - you're brighter than that.
one is either black or white - your comment of the percentage has shades of grey and there is more in it.

don't worry - H man has picked up on my comment and started a thread on it.

doire_2

nollag2006 wrote: »

The polls have closed - the results are in:
http://forums.moneysavingexpert.com/showthread.html?t=2268063

Only 18% of MSE voters in this poll believe house prices will fall in the short term.

And nil, nada, not a single solitary bear believes that house prices will fall by more than 5% in the short term.

Surely evidence, if any is needed, that the crash of 2008 has long since disappeared

:T

Are you for real? You must be taking the pi.ss?

GDB2222

Davesnave wrote: »

I'm not sure what you are saying. Do you mean inertia?

Certainly, my Rightmove alerts, which haven't changed in 3 years or so, are way down ATM. For one, I'd expect to be seeing 6 or 7 pages now, and maybe 9 pages in a month or two, but they are sending me less than two pages.

I'm not looking to buy. Rightmove is just a habit now!:o

Yes, I meant inertia.

What happens is that surveyors look backwards, and they base their valuations on what properties sold for in the last few months. They take account of overall changes in house prices, but they don't take account of perceived changes in sentiment. Also, transactions in progress just tend to exchange and complete with no change in price.

Since lenders and buyers depend heavily on these valuations, prices tend not to move very rapidly away from where they were a few months ago. Or, if there's a trend, that tends to continue. The stock market is very different because it is so much more liquid and maybe because the players are so much more savvy.

boomerangs

doire wrote: »

You must be taking the pi.ss?

Errr....yes. Are you only realising that now? Please keep up