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Debate House Prices
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Sentiment
Graham_Devon
Posts: 58,560 Forumite
This made me chuckle.
Was just looking at the guardian article on mortgage lending falls once more.
In amongst the article it talks about 10% falls.
Looking at the comments section I came across the first 2 comments.
1. Good - Reccomended by 117 people.
2. No it's not!!! - Recomended by 4 people.
4. Oh yes it is - Recomended by 75 people.
Seems there is a real appetite out there for proper falls. Is anyone seeing any different, or can we take these sort of comments and peoples ability to back up comments as a good survey of the nations (or at least in this case, the guardian readers, who are a broad spectrum) thoughts?
It seems to me the only ones left ramping up the market are those invested. Even estate agents seem to be giving up.
Was just looking at the guardian article on mortgage lending falls once more.
In amongst the article it talks about 10% falls.
Looking at the comments section I came across the first 2 comments.
1. Good - Reccomended by 117 people.
2. No it's not!!! - Recomended by 4 people.
4. Oh yes it is - Recomended by 75 people.
Seems there is a real appetite out there for proper falls. Is anyone seeing any different, or can we take these sort of comments and peoples ability to back up comments as a good survey of the nations (or at least in this case, the guardian readers, who are a broad spectrum) thoughts?
It seems to me the only ones left ramping up the market are those invested. Even estate agents seem to be giving up.
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Comments
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Graham_Devon wrote: »This made me chuckle.
Was just looking at the guardian article on mortgage lending falls once more.
In amongst the article it talks about 10% falls.
Looking at the comments section I came across the first 2 comments.
1. Good - Reccomended by 117 people.
2. No it's not!!! - Recomended by 4 people.
4. Oh yes it is - Recomended by 75 people.
Seems there is a real appetite out there for proper falls. Is anyone seeing any different, or can we take these sort of comments and peoples ability to back up comments as a good survey of the nations (or at least in this case, the guardian readers, who are a broad spectrum) thoughts?
It seems to me the only ones left ramping up the market are those invested. Even estate agents seem to be giving up.
You're right, the Bears are smelling blood again (about the 50th time in 10 years):
http://www.housepricecrash.co.uk/forum/index.php?showtopic=151460
Over 8k views in two days (pity they will be crying in their beer again this time next year).0 -
Graham_Devon wrote: »This made me chuckle.
Was just looking at the guardian article on mortgage lending falls once more.
In amongst the article it talks about 10% falls.
Looking at the comments section I came across the first 2 comments.
1. Good - Reccomended by 117 people.
2. No it's not!!! - Recomended by 4 people.
4. Oh yes it is - Recomended by 75 people.
Seems there is a real appetite out there for proper falls. Is anyone seeing any different, or can we take these sort of comments and peoples ability to back up comments as a good survey of the nations (or at least in this case, the guardian readers, who are a broad spectrum) thoughts?
It seems to me the only ones left ramping up the market are those invested. Even estate agents seem to be giving up.
I think an underestimated thing on this board is job security. Why buy now when you aren't sure if you will have a job in 6 months time? I do think sentiment is turning though.Set your goals high, and don't stop till you get there.
Bo Jackson0 -
You're right, the Bears are smelling blood again (about the 50th time in 10 years):
http://www.housepricecrash.co.uk/forum/index.php?showtopic=151460
Over 8k views in two days (pity they will be crying in their beer again this time next year).
This isn't about HPC or their contributors. (Obsessive rejects included).
This is about the guardian readers, and those behind falls seems absolutely huge, across many of the papers, if not all.0 -
Graham_Devon wrote: »(or at least in this case, the guardian readers, who are a broad spectrum).
??????????I think....0 -
When Gordon was in power he would pay your mortgage (300,000 families) so losing your job was not a problem. But now add concerns over job security and the possible non payment of your mortgage by the taxpayer and sentiment is bound to change.wherediditallgothen wrote: »I think an underestimated thing on this board is job security. Why buy now when you aren't sure if you will have a job in 6 months time? I do think sentiment is turning though.0 -
I dont think that means anything. The only people who gravitate to articles like that and care enough to rate comments etc are those who are gagging for price falls. The ones who want them to stay up or rise dont care enough to contribute.
It's like visiting a dell computer complaints forum. You might get the impression that 99% of dell owners have problems, but people who are happy and have nothing to moan about dont go there or say anything.0 -
I dont think that means anything. The only people who gravitate to articles like that and care enough to rate comments etc are those who are gagging for price falls. The ones who want them to stay up or rise dont care enough to contribute.
It's like visiting a dell computer complaints forum. You might get the impression that 99% of dell owners have problems, but people who are happy and have nothing to moan about dont go there or say anything.
Not sure this stacks up to be honest.
You only have to look at this forum and your theory is blown out of the water by all those "not caring" who are contributing and linking up articles that suit their persuasion.
Maybe all those looking for rises are reading the express instead?0 -
10X+ more people read the house buying selling and renting forum than this one.
Does that mean it is 10X more likely people will transact in property than prices falling?
No.
People who want house prices to drop will look at things and go to places that support their view. Is that shocking? HPC don't think so.0 -
Graham_Devon wrote: »This made me chuckle.
Was just looking at the guardian article on mortgage lending falls once more.
In amongst the article it talks about 10% falls.
Looking at the comments section I came across the first 2 comments.
1. Good - Reccomended by 117 people.
2. No it's not!!! - Recomended by 4 people.
4. Oh yes it is - Recomended by 75 people.
Seems there is a real appetite out there for proper falls. Is anyone seeing any different, or can we take these sort of comments and peoples ability to back up comments as a good survey of the nations (or at least in this case, the guardian readers, who are a broad spectrum) thoughts?.
What is good about higher house prices?. I think people are starting to realise that most people need a house as a home. The only people who benefit from HPI are investors and people trading down. Seems to me that it is in the vast majority of people's interest for prices to fall. At the current levels youngsters will probably never be able to afford to buy property. I think I read the other day that the age of the average FTB is no 37. Lower prices reduces the difference between rungs on the ladder. Therefore it is even in the interest of current house owners for the prices to fall in order that they can buy a bigger property should they wish. As for 10% falls I think nominal falls will probably be 20-30%, with 'real' falls (as a function of inflation) being higher. Remember we are in an economic environment where RPI is not far off 5%.0 -
10X+ more people read the house buying selling and renting forum than this one.
Does that mean it is 10X more likely people will transact in property than prices falling?
No.
People who want house prices to drop will look at things and go to places that support their view. Is that shocking? HPC don't think so.
That doesn't even make any sense?0
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