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Debate House Prices


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The recent dramatic decrease in asking prices

B_Blank
B_Blank Posts: 1,105 Forumite
in Debate House Prices & the Economy
This is crucial.

Phase 1: asking prices slashed across the UK (this has been reported)

Phase 2: Prices decline (finally seeing this thanks to nationwide and halifax surveys)

Phase 3: It continues and prices crash again.
I am not a financial expert, and the post above is merely my opinion.:j

Comments

  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Try putting a bit more depth and link sources into your posts.
    It may lead to a better discussion.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    edited 8 September 2011 at 11:37AM
    B_Blank wrote: »
    This is crucial.

    Phase 1: asking prices slashed across the UK (this has been reported)

    Phase 2: Prices decline (finally seeing this thanks to nationwide and halifax surveys)

    Phase 3: It continues and prices crash again.

    Phase 4, get a new user Id if wrong.
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Really2 wrote: »
    Phase 4, get an new user Id [STRIKE]if[/STRIKE] when wrong.

    Sorted that
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    B_Blank wrote: »
    This is crucial.

    Phase 1: asking prices slashed across the UK (this has been reported)

    Phase 2: Prices decline (finally seeing this thanks to nationwide and halifax surveys)

    Phase 3: It continues and prices crash again.


    I'm sure your're seeing all 3 in London.
    Official MR B fan club,dont go............................
  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    B_Blank wrote: »
    Phase 1: asking prices slashed across the UK (this has been reported)

    It certainly has. I reported it to the police myself, but they were not interested. Something about being too busy dealing with rioters and looters.
    B_Blank wrote: »
    Phase 2: Prices decline (finally seeing this thanks to nationwide and halifax surveys)

    Absolutely correct. The decline in prices is 100% due to the surveys themsleves, as you suggest.

    "Dear Halifax and Nationwide.

    I have been told that prices are declining thanks to your surveys. Will you please stop them immediately, so that we can all enjoy prices going up again.

    Yours repossessed..."
    B_Blank wrote: »
    Phase 3: It continues and prices crash again.

    No. I've sorted it out now. [See my letter].
  • Pete111
    Pete111 Posts: 5,333 Forumite
    Mortgage-free Glee!
    ess0two wrote: »
    I'm sure your're seeing all 3 in London.


    Absolutely. I had to slash my (peak) asking price by a staggering 2% to secure an offer on my flat in London last month.

    ;)
    Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Crikey. One month of falling prices and suddenly its Crashogeddon.

    If only Realistbear had held on to see this day.
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