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Debate House Prices
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RICS: Prices Rising or Stable in 75% of country
Comments
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Graham_Devon wrote: »And millions haven't increased.
It's stagnation, over decades
So what do you conclude from the Graham?
Generally, people (and those carrying out property valuations) look at what similar properties have sold for in similar areas and compare against your own property.
It provides an expectation of what could be received if sold.
If there is a falling market (and it is in the minority in the country
) then sellers may opt not to sell at the lower valuations and wait until the expectations return. :wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
he's actually nearly right.Graham_Devon wrote: »This is probably the best I have seen yet.
"House prices didn't drop....only those on the market dropped".
That absolutely brilliant!
house prices dropped for those that sold.
house price valuations dropped for those that didn't sell or were not for sale.
think of it like asking prices and sold prices...0 -
he's actually nearly right.
Up until the point he was talking about his property....that he hasn't sold, rising in value. It can't fall, but can rise. Hmmm. I guess there would be some kind of obscure point to make, that you couldn't really argue with, as the point is so inane in the first place.
In terms of how the rest of the world talks about house prices, and measures them, it's complete nonsense!0 -
oh dear......Graham_Devon wrote: »It can't fall, but can rise. Hmmm. I guess there would be some kind of obscure point to make, that you couldn't really argue with, as the point is so inane in the first place.
In terms of how the rest of the world talks about house prices, and measures them, it's complete nonsense!0 -
Graham_Devon wrote: »Up until the point he was talking about his property....that he hasn't sold, rising in value. It can't fall, but can rise. Hmmm. I guess there would be some kind of obscure point to make, that you couldn't really argue with, as the point is so inane in the first place.
In terms of how the rest of the world talks about house prices, and measures them, it's complete nonsense!
You could look at it as: -
He owns product (a house)
He's willing to sell the property at anything greater than X, but not below it.
Therefore if X = £160k (rough average house price) he may be willing to sell at that price or higher.
If the valuation drops below X, then the property will not be for sale and retain the valuation (to the owner) it was bought for.
If then in the future, the property valuation returns abov X again, then he might be prepared to sell:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Jeezus. I can't argue this cr*p. Well out of my league.
All I was saying is howcome it can't fall in value, but can rise in value based on the same factor. Now were in to a detailed debate on the topic. Will confuse me too much and I'll become a hypocritical Mr Muddle if I carry on.
You are all right. Houses cannot fall in value, but can rise in value. I was wrong. Sibley is a genius.0 -
well you started off with this...Graham_Devon wrote: »Jeezus. I can't argue this cr*p. Well out of my league.
All I was saying is howcome it can't fall in value, but can rise in value based on the same factor. Now were in to a detailed debate on the topic. Will confuse me too much and I'll become a hypocritical Mr Muddle if I carry on.
You are all right. Houses cannot fall in value, but can rise in value. I was wrong. Sibley is a genius.
but when it's explained to you; you don't appreciate it... tskGraham_Devon wrote: »This is probably the best I have seen yet.
"House prices didn't drop....only those on the market dropped".
That absolutely brilliant!0 -
I'm sure this distinction will be comforting to those forced to sell due to divorce, redundancy, ill health, change of jobs or any other of the countless reasons that crop up over the course of our lives and which can throw the best laid plans off course. Insisting that the value of your house hasn't really fallen won't do you much good then.0
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Graham_Devon wrote: »Sibley is a genius.
Graham, I`m sorry about this, but I now see why chucky is always having a go at you.
Oh, hang on a second, you were being sarcastic weren`t you ?
Carry on then.
BTW. Sibley : "What goes down, doesn`t. What goes up, does".30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
And he/she claims to have "put HPC to the sword"
He/she did. Fortunately the scratch has healed, and they`re going to fight back with a large laser guided missile. If that doesn`t work, the economy might just do the job.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
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