Debate House Prices


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MSE News: Rise in housing market asking prices

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  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    As the great Hamish himself once said when asking prices were falling...

    Asking prices are neither here nor there. It's selling prices that count.
    it's become quite amusing that Graham now feels the need to counteract any positive news that's out there with his own 'negative' news threads trying to throw cold water all over it.

    it's Devonian Economic theory at it's finest.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    it's become quite amusing that Graham now feels the need to counteract any positive news that's out there with his own 'negative' news threads trying to throw cold water all over it.

    it's Devonian Economic theory at it's finest.

    I'd love to see how I'm countering the news. Please, go ahead chucky, do explain.

    Considering I made a point of quoting what I was responding to, it's become quite amusing to watch you scrape around for a mere morsal of something you can exagdurate.
  • System
    System Posts: 178,348 Community Admin
    10,000 Posts Photogenic Name Dropper
    Is he exagdurating again?
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    Much better than stability.

    How do you make stability though?

    AFIK there is no country that is "stable" all will have booms and busts as things go wrong/right.
    Even if you were "stable" in growth things like 9/11 would cause a bust etc.
    So in reality boom and bust is inevitable in a way.
    It is like nature and evolution in finance.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 19 April 2010 at 10:40AM
    Graham_Devon wrote: »
    I'd love to see how I'm countering the news. Please, go ahead chucky, do explain.

    Considering I made a point of quoting what I was responding to, it's become quite amusing to watch you scrape around for a mere morsal of something you can exagdurate.
    i refer you to your posting history towards anyone who posts any slightly positive or realistic news or anecdotal information.
  • DaddyBear
    DaddyBear Posts: 1,208 Forumite
    HAMISH_MCTAVISH wrote: »

    But it makes a bit of a mockery of all the anecdotal observations of falling prices on Rightmove.....;)

    Not really. It shows that INITIAL asking prices are increasingly optomistic.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    DaddyBear wrote: »
    Not really. It shows that INITIAL asking prices are increasingly optomistic.
    and unfortunately each month they're getting further and further away from what they could have paid the previous month...
  • twadge_face
    twadge_face Posts: 594 Forumite
    edited 19 April 2010 at 1:15PM
    Load of nonsense. Asking prices are no better a "leading indicator" than an index of sellers' delusion.

    Oh, and this is the Daily Express?

    It's not even worth debating the waffle that spews forth from that shabby rag!

    Don't worry, I'm sure it'll be Diana or Maddie on the front page tomorrow with another SHOCKER article... which will be JUST as meaningful. LOL.
    Long live the faces of t'wunty.
  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    MSE_Natasha wrote: »
    "The housing market has showed further signs of a spring revival as asking prices rose by 2.6% over the past month, according to figures today ..."

    We must have added to that figure when we put my mother's house on the market. Then we had to drop the asking price as nobody wanted to buy it at that price.
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    edited 19 April 2010 at 3:55PM
    MissMoneypenny wrote: »
    We must have added to that figure when we put my mother's house on the market. Then we had to drop the asking price as nobody wanted to buy it at that price.

    1 month is a short time to expect to sell a house even during the hight of the boom the average was over 6 weeks on the market.
    But surely it is weight adjusted in some way?
    Also would not lowering the price cause a negative also?
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