Debate House Prices
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BoE "comfortable with slowly deflating housing sector"
Comments
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Thrugelmir wrote: »There'll always be sellers that's one certainty in life.
True. I should have phrased that slightly differently. I thought that sellers would withdraw at a faster rate than buyers, therefore tipping the supply /demand away form the buyers. So far that has not happened.0 -
Procrastinator333 wrote: »Maybe I'm missing something, but what is left to stop the falls? ?
We've only just seen the start of the reduction in supply.
It will continue and in fact accelerate as prices drift downward.
Soon enough you'll see supply reducing faster than demand, and prices will stabilise again, and then start to rise.
It's all so tediously predictable, I've almost lost interest.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »
It's all so tediously predictable, I've almost lost interest.
Really? More than likely we are heading for interesting times as sentiment towards residential property changes. With sizable swings up and down as the bubble finally unravels.0 -
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HAMISH_MCTAVISH wrote: »We've only just seen the start of the reduction in supply.
It will continue and in fact accelerate as prices drift downward.
Soon enough you'll see supply reducing faster than demand, and prices will stabilise again, and then start to rise.
It's all so tediously predictable, I've almost lost interest.
It happened last time, and that is why I was expecting it to happen again. It is still more than posible in my opinion, maybe it is the YoY falls that will spur people in to withdrawing. However at the moment, the gap is accelerating in the other direction.0 -
HAMISH_MCTAVISH wrote: »We've only just seen the start of the reduction in supply.
It will continue and in fact accelerate as prices drift downward.
Soon enough you'll see supply reducing faster than demand, and prices will stabilise again, and then start to rise.
It's all so tediously predictable, I've almost lost interest.
Full circle, only to find prices rise, and everyone pops their house on the market, and prices fall?0 -
Graham_Devon wrote: »Full circle, only to find prices rise, and everyone pops their house on the market, and prices fall?
Her we go round the (stagnation) mulberry bush.
There will come a time when confidence and credit return though.
I've said before, best thing for most is for house prices to follow inflation (or very close to it):wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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