house prices continue to drop ....

phil_b_2

poppycod wrote: »

well you would say that wouldnt you...
:mad:

Why is this guy allowed to post here???? :mad: :mad: :mad:

Yea I know what you mean. Things around here tend to be pretty sensible and civilised with 70% drop banter and what not. then some maniac comes along and suggest prices are stabilising.

System

I'm not sure how many more ways the difference between asking and selling can be explained.

Let's pretend naerlynew wants to sell one of his 3 houses and lists it at £500k. He then reduces it on rightmove to £250k because, let's be honest, he's a bit of a moron.

The bears see this as a 50% reduction in prices.

I look at the average selling price and see it's still higher, so it'll push average selling prices up.

Then, the official stats come out and the bears, being a bit special, froth on about "OMG ASKING PRICES WERE DOWN 50% lies spin bullsh*t omg omg inflation is theft!!!!one" and the rest of us look on with pity.

lemonjelly

Joeskeppi wrote: »

I'm not sure how many more ways the difference between asking and selling can be explained.

Let's pretend naerlynew wants to sell one of his 3 houses and lists it at £500k. He then reduces it on rightmove to £250k because, let's be honest, he's a bit of a moron.

The bears see this as a 50% reduction in prices.

I look at the average selling price and see it's still higher, so it'll push average selling prices up.

Then, the official stats come out and the bears, being a bit special, froth on about "OMG ASKING PRICES WERE DOWN 50% lies spin bullsh*t omg omg inflation is theft!!!!one" and the rest of us look on with pity.

I wonder sometimes why you post on this board, as all I seem to see is nasty comments aimed at a few posters. Rare I see you contribute ideas, or evidence to a debate. It seems to be a case of patronising as many people as you can, with a quick, witty one-liner or something. I'm sure other posters pity you, like you pity them.

That is your right if that is what you want to do, but I fail to see what you get out of it, & it doesn't really contribute to the debate in any meaningful way.

http://www.bbc.co.uk/news/business-11368953

According to reports, mortgage lending is down, numbers of unsold properties are up, and asking prices are down for the third month in a row.

Yes, traditionally August is a quieter month. However the trend is one which should be of concern.

Now, I am not a frother. Nor am I "a bit special" as you say (nice to see you hold such views about people with mental health issues or learning difficulties). I'm looking at what I see, & am concerned there is a trend there.

Mortgage lending is still a problem, & there is little evidence of this easing. http://www.bbc.co.uk/news/business-11282287

Even parts of the construction industry are concerned. http://www.bbc.co.uk/news/uk-scotland-11358622

No doubt you have an offensive remark ready. I'll steel myself.

wherediditallgothen

Joeskeppi wrote: »

I'm not sure how many more ways the difference between asking and selling can be explained.

Let's pretend naerlynew wants to sell one of his 3 houses and lists it at £500k. He then reduces it on rightmove to £250k because, let's be honest, he's a bit of a moron.

The bears see this as a 50% reduction in prices.

I look at the average selling price and see it's still higher, so it'll push average selling prices up.

Then, the official stats come out and the bears, being a bit special, froth on about "OMG ASKING PRICES WERE DOWN 50% lies spin bullsh*t omg omg inflation is theft!!!!one" and the rest of us look on with pity.

Lets be honest, the only moron here is you.

System

It is rare I admit, but then, so is a thread that isn't nonsensical like this one.

Edit: Just saw your last sentence, don't worry, I won't insult/patronise someone that hasn't either done the same thing to me many times or doesn't show a huge understanding of the subject matter, or more commonly (always?) both.

des_cartes

StevieJ wrote: »

Same reason as you are

Perhaps Tesco, Sainsburys and Asda could start posting promoting the benefits to consumers of raising the price of bread, or maybe they would think thats a bit odd on a forum that is supposed to encourage contributions from people wanting to publicise money saving rather than money wasting.

System

des_cartes wrote: »

Perhaps Tesco, Sainsburys and Asda could start posting promoting the benefits to consumers of raising the price of bread, or maybe they would think thats a bit odd on a forum that is supposed to encourage contributions from people wanting to publicise money saving rather than money wasting.

Could you explain the relevance between house price increases and food price increases.

des_cartes

Joeskeppi wrote: »

Could you explain the relevance between house price increases and food price increases.

They both cost you more.

System

des_cartes wrote: »

They both cost you more.

But they differ in the sense that house price increases effect everyone negatively whereas house price increases don't.

So on a "forum that is supposed to encourage contributions from people wanting to publicise money saving rather than money wasting" you wouldn't really expect homeowners (for example) to encourage house prices to fall?

des_cartes

Joeskeppi wrote: »

But they differ in the sense that house price increases effect everyone negatively whereas house price increases don't.

So on a "forum that is supposed to encourage contributions from people wanting to publicise money saving rather than money wasting" you wouldn't really expect homeowners (for example) to encourage house prices to fall?

Why not? How do higher houseprices benefit houseowners?