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Debate House Prices
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Halifax Hpi September 2010 -3.6%
Comments
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i enjoy reading the posts from the Labour frothers...Or maybe they realise having an economy based on a bubble is not sustainable in the medium term and have decided to try and sort it out. As opposed to the last lot that just went on pretending all was OK until it hit the buffers.
can we blame "the last lot" for the American economic crisis or how about the issues with the Euro. was that "the last lot" too?0 -
Very true, and point well made. Under-bidders will tend to push the price up however in most of the housing markets at most of the time there aren't huge numbers of buyers chasing each house, AIUI in most of England at least it hasn't been like that since about 2003-4. Not least of which is because generally there are several houses that are similar either on the market or likely to come on the market for most peoples' requirements.
I think what I said is true but your case holds true at points of market extremes such as in the early 90s when lots of forced sellers were chasing a small number of buyers and in the early 2000s when prices were racing away at a crazy rate.
My point is probably born from my experience in the Scottish market where a sealed bids system operates.
I've shown earlier this year that one of my collegues came 8th out of 10 bids. Certainly relevant to recent times
I've bought a number of properties in Scotland throughout my lifetime with usually 4-5 bidders.
In fact, only once in 2000 did I manage to get in and secure an offer before it was marketed in any earnest. that was hugely down to the circumstances for that particular property:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
i enjoy reading the posts from the Labour frothers...
can we blame "the last lot" for the American economic crisis or how about the issues with the Euro. was that "the last lot" too?
The fact that we had run up a massive defecit by spending a fortune on public services that we could not afford, left us much more vulnerable to the effects of outside influences. Hence the current situation.0 -
that's all very nice but this is exactly what you saidThe fact that we had run up a massive defecit by spending a fortune on public services that we could not afford, left us much more vulnerable to the effects of outside influences. Hence the current situation.
and here's what i said...As opposed to the last lot that just went on pretending all was OK until it hit the buffers.
we'd now have to blame "the last lot" for the global crisis of 2008 because there aren't many countries that don't have economic issues...can we blame "the last lot" for the American economic crisis or how about the issues with the Euro. was that "the last lot" too?
obviously "the last lots" fault...0 -
JonnyBravo wrote: »Surprised you've got time to write all this Conrad. What with those letters to your MP and counting your £20k/month income.
The business generates that, not all for me by any stretch. Plenty of time in this life if you cut out everything non value added.0 -
[QUOTE=Generali;37295334Rather than crash, we expect house prices to trend down relafively gradually over the final months of 2010 and in 2011 to lose around 10% in value.
From Global Insight (again via the FT):
(My red ink)
[/QUOTE]
Oh come on - do house prices ever "trend down relatively gradually" ? - they always fall off a cliff!0 -
The Tories have tanked the economy let's all celebrate :j
............................NOT!A journey of a thousand miles begins with a single step
Savings For Kids 1st Jan 2019 £16,112
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Viva la crash!Maidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?0
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JonnyBravo wrote: »RR?
Oops. You meant RM didn't you chucky?
Easy slip to make though, what with those famously alliterative names we've had in the forums recent history.
AA - erm cant think of one
BB - erm stuck again
CC - nope I'm a blank on this too.
DD - I'm stuck again, can you help out on this RenovationMan?
:rotfl:
Sorry I cant help. I had no idea what chucky meant by the flaw in my argument and I'm clueless as to what all the above means.
Im ashamed to admit that I had to google aliterative, but I'm still no further forward.
Is this some clever joke at my expense? Debt monkey sort of thing? Well, come back in three years and we'll see who is laughing, especially if interest rates stay low.
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