house prices continue to drop ....

Pimperne1

brit1234 wrote: »

Whos sock puppet are you?

What's a sock puppet?

nearlynew

A sock puppet is the alter ego of an established poster.

Often used just to stir up trouble.

IveSeenTheLight

nearlynew wrote: »

A sock puppet is the alter ego of an established poster.

Often used just to stir up trouble.

What's your established poster id then?

nearlynew

Another full page of dropping prices within the the last 3 days using PB.


This is gettig awfully exciting.

Eyeballs99

All wishful thinking by non property owners I believe.

Mine went down during the peak of the recession however my house is now back to nearly its top value again and properties are selling well.

I think it depends on where you live to be fair, Can't see many houses within London commuting falling anymore, Still a house shortage as fair as I’m aware

whitesatin

I get emails daily showing price reduction on houses for sale in Herts and Beds. The original prices, mind you, were ridiculous and I am not surprised they are having to drop the price. We had to drop our in Surrey in order to sell it - estate agents tend to over value to get your business.

When we buy again, I would only offer near asking price if I felt it was fair and what the house was worth. Otherwise, as they say, cheeky offers. But really, they are not cheeky, it's the asking prices that are cheeky.

DervProf

Eyeballs99 wrote: »

All wishful thinking by non property owners I believe.

Mine went down during the peak of the recession however my house is now back to nearly its top value again and properties are selling well.

Phew ! Must have been terrible for you.

TBH, I don`t know how much my house went down/up before or during the recession. Thank heavens I don`t worry about it.

I am however slightly concerned about the effect of high property prices on the UK economy, and how high house prices lead the banks into irresponsible lending.

Blacklight

DervProf wrote: »

I am however slightly concerned about the effect of high property prices on the UK economy, and how high house prices lead the banks into irresponsible lending.

I'd be slightly more worried about the effects of lower house prices on the banking sector.

What use is an asset used as a guarantee against a loan that isn't worth as much as the loan amount?

Last time there was a shockwave in the banking industry the world economy nearly collapsed; actually in Greece it led to riots and people generally having a bad time.

Be careful what you wish for.

harrup

Eyeballs99 wrote: »

Mine went down during the peak of the recession however my house is now back to nearly its top value again and properties are selling well.

I think it depends on where you live to be fair, Can't see many houses within London commuting falling anymore, Still a house shortage as fair as I’m aware

With all due respect.....HOW do you know this? That your house is worth "top value again", I mean?

Unless you have people approaching you via cold calling trying to buy your house and offering you ££££, HOW would you posssibly know?

Or is your house on the market and every viewer offered you the asking price or even above your asking price?

I'm confused.....

chucky

nearlynew wrote: »

Another full page of dropping prices within the the last 3 days using PB.


This is gettig awfully exciting.

i'm sure that it's getting exciting for you but you're not exactly going to see many asking prices rising on PB...

keep up the good work though