Flood of Houses on the Market Pre-election

[Deleted User]

Has anyone else seen this? I suppose its understandable but not good if it makes house prices drop. I guess it also means that Politicians are NOT reassuring the public.

http://www.economicvoice.com/rics-claim-homeowners-rushing-to-sell/5008789#axzz0m34lxSfV

nollag2006

Why does the author of the article look like Alexi Sayle, circa 1987?

Mum_of_3_3

Guess no one's told any house owners in my area as there definitely isn't a flood of new-to-the-market houses here.

CloudCuckooLand

There's been a 20% increase in selling volumes in my area, since early March and throughout April so far.

Not sure I'd attribute it to the election.

More like greed, as buyers think it is now safe to come to market and seek the supposed 10% gains of the last few months.

The reality is that pockets of London and other hotspots are dragging the rest of the country stats up. If you are outside those areas, its been pretty flat if not downwards for most of 2009/10, so those sellers are going to be disappointed.

It'll take time for them to realise that, then it will become a game of who drops their price first, in order to try and sell, and who gets to chase prices down and may not sell even then as so few buyers are proceedable.

Muhasib

deannatrois wrote: »

Has anyone else seen this? I suppose its understandable but not good if it makes house prices drop. I guess it also means that Politicians are NOT reassuring the public.

http://www.economicvoice.com/rics-claim-homeowners-rushing-to-sell/5008789#axzz0m34lxSfV

'not good' depends on your view towards a drop in house prices

Blacksheep1979

price drop suits everyone apart from those at the end of a chain/downsizing - which means it suits most people (until negative equity sets in).

pickledpink

Prices aren't dropping in London or the South East - they're rising. Fast.

Gazumping is even back. Many properties are being sold within a couple of weeks.;)

Good news for some!

Usually, what happens in London and the South East follows on up north - so everyone should be happy.:T

Houseprice drops do NOT suit everyone - especially those first time buyers who find themselves in negative equity! Or those with young families who can't sell due to a drop in price, and so can't afford to move up the ladder.

Some people have no insight at all!:o

jonewer

pickledpink wrote: »

- so everyone should be happy.:T

Houseprice drops do NOT suit everyone - especially those first time buyers who find themselves in negative equity! Or those with young families who can't sell due to a drop in price, and so can't afford to move up the ladder.

Some people have no insight at all!:o

It really is amazing that there are people who STILL think high house prices are a good thing.

Yes, lets all be happy that our an entire generation is further priced out of owning their own home. You do know that the average age of a FTB with no bank of mum and dad is now 37? Lets all be happy to pay more stamp duty. Lets all be happy to be slaves to ever bigger mortgages. Lets be happy about the next global economic crisis caused by people not being able to pay back the stupid amounts of money they borrowed. Rejoice! Allelujah!

You mention the property ladder. How does a drop in price stop people moving up the ladder? Higher prices push the rungs of the ladder further apart. Higher prices make it MORE difficult to move not less.

Some people really do have no insight.

pickledpink

jonewer wrote: »

It really is amazing that there are people who STILL think high house prices are a good thing.

Yes, lets all be happy that our an entire generation is further priced out of owning their own home. You do know that the average age of a FTB with no bank of mum and dad is now 37? Lets all be happy to pay more stamp duty. Lets all be happy to be slaves to ever bigger mortgages. Lets be happy about the next global economic crisis caused by people not being able to pay back the stupid amounts of money they borrowed. Rejoice! Allelujah!

You mention the property ladder. How does a drop in price stop people moving up the ladder? Higher prices push the rungs of the ladder further apart. Higher prices make it MORE difficult to move not less.

Some people really do have no insight.

It's YOU who has no insight!

In answer to your ridiculous question: "How does a drop in house stop people moving up the ladder?" I'll explain it to you!

If a FTB or a young couple with a family find that their first home has dropped to a lower price than they BOUGHT it for - they cannot sell it and make a profit! Comprende?!:money:

And NO PROFIT menas NO MONEY. NO MONEY means NO MOVING!

Doh!

jonewer

Oh, and I forgot that we shall all be REALLY HAPPY! about how much money we now spend servicing our monsterous mortgages and therefore dont save and dont invest in British industry. I for one, am ecstatic at the sale imminent asset stripping of Cadburys for example.

Yes folks, high house prices are a good thing!

pickledpink

Oh! You sound all angry now! Wonder why that is, eh?:p

I'll tell you why! Because I proved a point to you and you've come unstuck!

Go and have a stiff glass of Sanatogen to calm yourself down.:)