House price cuts helped sales surge by nearly 10pc last month

Pimperne1

Graham_Devon wrote: »

Indeed.

You seem to be suggesting you allow rewired to think on your behalf and write off any discussion based on who thanked it.

I mean really....could you have made yourself look any more stupid!?

Really2 thanked you. What does that say!? The bitterness is just bubbling up and about to pop!

Doh, I just keep putting my foot in it this morning.

ukcarper

joguest wrote: »

No, because supply isn't the same thing as the number of houses on the market. It doesn't matter how many times RICS and anyone else repeats it, it still isn't true.

What is it then.

Rinoa

Graham_Devon wrote: »

Loving this.

And Love you Jo. You are sending Hamish and Really2 round in circles

Although obviously not to the extent of thanking his posts.

I think Jo's been reading 'supply and demand for idiots' and now believes he's an economics genius.

Really2

ukcarper wrote: »

What is it then.

Current Stock = Stock + New instructions - Sales - Removed Stock

How anyone can say what is available for sale is not stock is beyond me TBH.

Stock = items available for sale.
Falling stock = Less houses for sale

Simple really. Unless it does not fit in with what you want to believe.;)

Pimperne1

Rinoa wrote: »

Although obviously not to the extent of thanking his posts.

I think Jo's been reading 'supply and demand for idiots' and now believes he's an economics genius.

Would you like to be on the same "Thanks" as rewired?

shortchanged_2

This is the current state of the housing market. Slow fall in prices.

Why?

Currently due to low supply and low demand.

So what is causing the lack of supply? Low interest rates (buyers not being forced to sell), risk of negative equity, not being able to make at least £100,000 profit on the sale of your house.

What is causing the lack of demand? Tight lending practices. Uncertain economic times (lack of money everywhere), buyers not willing to pay over the odds for a property.


Basically we have the situation of a Mexican stand off until something changes to tip the balance in the favour of one or the other.

ess0two

Really2 wrote: »

Me too,


You can't beat the "facts are lies" and "I am right" debates.
Not really sending us in circle, more making it up and calling evidence liars TBH.

Presume they were right to listen to them on the house price balance though??

But I am not surprised calling evidence lies = winning a debate to you Dev.

You could have a muddle friend.

Hey the guys a scientist...............

Really2

shortchanged wrote: »

This is the current state of the housing market. Slow fall in prices.

Why?

Currently due to low supply and low demand.

So what is causing the lack of supply? Low interest rates (buyers not being forced to sell), risk of negative equity, not being able to make at least £100,000 profit on the sale of your house.

What is causing the lack of demand? Tight lending practices. Uncertain economic times (lack of money everywhere), buyers not willing to pay over the odds for a property.


Basically we have the situation of a Mexican stand off until something changes to tip the balance in the favour of one or the other.

Totally agree, as I said before I think we are at a similar stage between 2008 and 2009. Could go either way.

Really2

ess0two wrote: »

Hey the guys a scientist...............

As a scientist he/she should be aware your theory is disproven if there is data to dispute your hypothesis.

I am sure the world and new discoveries would be a bit different if conflicting data was dismissed as lies.

HAMISH_MCTAVISH

Really2 wrote: »

I think we are at a similar stage between 2008 and 2009. Could go either way.

Agreed.

What we know for sure is that any significant fall in prices will decimate supply.

It did in 2008, and it will again today.

Now given that supply is only really starting to fall in the leading Sept RICS figures, and also that the Acadametrics/LR figures showing this slight price decrease lag by around 3 months, it's far too early to see any impact yet.