The housing market is heading for a fall

ukcarper

Mallotum_X wrote: »

Sadly you should never underestimate the stupidity of the great British public.

I wouldnt expect that they all dont see this, but so many do seem to think that higher prices overall are better, and just do not make the link.

Read some of the selling threads on other parts of this forum, people wont drop a penny on their house, "cos its worth it", but expect drops elsewhere. Look also how many want to work out how to get surveyors to increase the value the surveyor puts on their potential purchase, rather than asking on best approach to get the seller to drop. Now it may be that the surveyors are covering tehir backs, but peoples first thought is to get the value higher, rather than the price lower.

There have even been bulls on this forum state that higher prices actually help people move up the ladder.

I think a great number of the British public are very blinkered when it comes to property and do not even attempt to join up the dots.

I agree that there are people like that but the reasons people don’t drop the price of their houses are many fold and complicated and just to assume the reason in they are stupid is very arrogant.

geneer

In the interests of accuracy, I would point out that technically this thread should be titled "...heading for a further fall".

Thrugelmir

ukcarper wrote: »

I agree that there are people like that but the reasons people don’t drop the price of their houses are many fold and complicated and just to assume the reason in they are stupid is very arrogant.

Called human nature. Investors brag about their profits and happily cash them in.

When it comes to banking a loss or reduction in profit. Human nature kicks in. Price will recover, as was higher. I'll wait a bit longer before selling as it won't drop further.

Thrugelmir

RenovationMan wrote: »

This phrase never fails to make me smile. Where did it originally come from?

Ed Milliband (on the relaunch of old Labour).

Nikel

RenovationMan wrote: »

This phrase never fails to make me smile. Where did it originally come from?

Peadophile convention.

FTBFun

RenovationMan wrote: »

This phrase never fails to make me smile. Where did it originally come from?

I definitely remember it being in an episode of the Simpsons.

As was "cheese eating surrender monkeys".

And "ice to see you" - this wasn't a line in Batman & Robin.

[Deleted User]

lol, maybe we should make houses out of gold that way they would never lose value

Thrugelmir

[quote=[Deleted User];41490562]lol, maybe we should make houses out of gold that way they would never lose value [/QUOTE]

Now much gold do you think there is?

Mallotum_X

[quote=[Deleted User];41490562]lol, maybe we should make houses out of gold that way they would never lose value [/QUOTE]


As long as gold never drops...

[Deleted User]

Thrugelmir wrote: »

Now much gold do you think there is?

I don't know, nor does anyone else.

Before we go too far down this route can I just point out I wasn't seriously suggesting making houses out of gold. It was just an attempt at humour that clearly failed.