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Debate House Prices
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House prices on the rise?
experience08
Posts: 223 Forumite
Don't know what's going on with this listing, is HPI back or has the vendor lost his/her marbles?
13 January 2010 Initial entry found
20 May 2010 £97,500 to £95,000
20 August 2010 £95,000 to £89,950
03 December 2010 £89,950 to £87,950
09 April 2011 £87,950 to £99,000
Put this in Property Bee
http://www.rightmove.co.uk/property-for-sale/property-24392401.html
13 January 2010 Initial entry found
20 May 2010 £97,500 to £95,000
20 August 2010 £95,000 to £89,950
03 December 2010 £89,950 to £87,950
09 April 2011 £87,950 to £99,000
Put this in Property Bee
http://www.rightmove.co.uk/property-for-sale/property-24392401.html
0
Comments
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Don't know what's going on with this listing, is HPI back or has the vendor lost his/her marbles?
It's not your business what the vendor is thinking.
Either pay the asking price or move on.
House prices are strong. With low mortgage rates why does anyone need to sell cheap?
Expect prices to rise 16% over the next few years.We love Sarah O Grady0 -
It is not evident from the crappy listing but has there been improvement works carried out on the house? To be honest as the property has been on the market for a while you'd expect a little more effort to have been put in to the Rightmove listing, or maybe this Estate Agent hasn't quite got their head round the fact that they need to market the property!!All I seem to hear is blah blah blah!0
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experience08 wrote: »Keep dreaming in la-la land :rotfl:
In light of a continued collapse in house building, a possible immigration surge in the new year, and ultra-low interest rates set to remain the norm for a long time yet, 5% HPI in 2012, 2013 and 2014 is actually quite moderate, esp if RPI inflation remains high.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Turnbull2000 wrote: »In light of a continued collapse in house building, a possible immigration surge in the new year, and ultra-low interest rates set to remain the norm for a long time yet, 5% HPI in 2012, 2013 and 2014 is actually quite moderate, esp if RPI inflation remains high.
I see you missed out house prices vs average earnings, and where is this "immigration surge in the new year" going to come from when the job market is so subdued?0 -
experience08 wrote: »Don't know what's going on with this listing, is HPI back or has the vendor lost his/her marbles?
13 January 2010 Initial entry found
20 May 2010 £97,500 to £95,000
20 August 2010 £95,000 to £89,950
03 December 2010 £89,950 to £87,950
09 April 2011 £87,950 to £99,000
Put this in Property Bee
http://www.rightmove.co.uk/property-for-sale/property-24392401.html
The house has been up for sale for 18 months and hasnt sold.
That says to me that it isnt worth what the vendor/agents are asking - either now or on 20 Aug 10.
Now, does anyone want to buy an apple - only 30p. Actually, its 27p. No, 34p. On 2nd/3rd/4th thoughts my asking price is 61p.0 -
It's not your business what the vendor is thinking.
Either pay the asking price or move on.
House prices are strong. With low mortgage rates why does anyone need to sell cheap?
Expect prices to rise 16% over the next few years.
1) - They are desperate to sell,ie lost their job & can't afford mortgage, couple splitting up etc
2) 16% over a few years? you mean inflation?0 -
Cripes, I've been away for months and still the same message is trounced out.It's not your business what the vendor is thinking.
Either pay the asking price or move on.
No-one pays the asking price. Well, maybe the very, very dimwitted... Don't your own words bore you? They bore me (hence the absence - but not solely bored of your words I hasten to add!).Long live the faces of t'wunty.0 -
experience08 wrote: »is HPI back
Put this in Property Bee
I don't know how many times this has to be explained.....
Property Bee is useless for determining the direction of actual sold prices, and thus HPI.
The vast majority of price changes on property bee will ALWAYS be reductions, no matter whether actual sold prices are rising or falling.
Even when prices are booming, if your main source of information was property bee, you'd think there was a crash on. :rotfl:“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 -
experience08 wrote: »
03 December 2010 £89,950 to £87,950
09 April 2011 £87,950 to £99,000
Wow!
Absolutely watertight concrete evidence that house prices have risen by more than 12½% in just over 4 months!
Please don't tell macaque. The poor guy will have a heart attack.0
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