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

HAMISH_MCTAVISH

joguest wrote: »

supply is not the number of houses on the market.

Ah, OK then.

So supply is whatever random figure you claim it to be in order to support your absurd theory.

Oh how I miss the rolleyes smiley.....

Of course back in the real world, supply is the number of houses on the market that are listed for sale.

Whether that be the million plus houses listed in 2007, or the 600,000 odd houses it fell to by 2009.

And what we have seen is that in the event of price falls, supply also falls, as houses are taken off the market when it's no longer viable to sell at the lower price for a large number of owners.

We've also seen that supply rises when prices rise, and selling becomes more viable for a larger number of owners.

This was clearly the case in 2007/2008/2009/2010, and without a major change in forced sellers from rate rises, this will likely remain the case for the foreseeable future.

Aberdeenangarse

Really2 wrote: »

If you have 100 1p sweets and 100 2p sweets what is the total supply of sweets are there in the shop.
The 1p ones may sell out first

What kind of sweets are they? You see if they're liqourice, there could be a lack of supply, but they'd also be a lack of demand.

Really2

Mallotum_X wrote: »

So a Sale is very much an indication of demand.
Not quite, a sale is a reflection of supply and demand, of the position of both the seller and purchaser. At a given sales price point demand may actually be much higher, yet supply is limited.

I meant in the article, Sales had increased 10% you could say demand was up based on that. You are right, but it is obvious supply is there or the sale can't happen.
The price was the reflection of supply and demand and is unknown
Supply was down, the whole reason for the debate and mudslinging.


But thanks, the exact polite answer I expected to get, unlike from others.

So from my view

Supply is slightly down, Demand possibly up and price is unknown?

joguest

Really2 wrote: »

PMSL

Stop it, it's hurting,


If the amount of houses on the market is not supply what is it?
Every house on the market is available for customers, so it is supply. You can't say it is not. Price is irrelevent as it is when supply and demand meet that set the price.

any chance on this, must be 5th time now??
So if you over supply prices fall, demand should then rise.
Under supply Price increase demand falls back.
Supply is stock regardless of price, price is where supply and demand meet.

So Last time, What will happen if supply keeps falling?????

Edit,

Seen your last response, how about the quote which went with it I put it in bold above for you.

Too desperate, enjoy your day Jo

I

Here's how the Free Online Dictionary puts it(http://www.thefreedictionary.com/supply):

"Economics The amount of a commodity available for meeting a demand or for purchase at a given price."

The bit you quoted from wikipedia wasn't from the page I referenced; it was a very brief (and innacurate) definition at the following page:

http://en.wikipedia.org/wiki/Supply

Rather amusingly, given the nature of your personality, narcissistic supply is also referenced.

Aberdeenangarse

Did you ever find why your misses had stocked up with cheap champagne Hamish?

joguest

"I meant in the article, Sales had increased 10% you could say demand was up based on that."

But if sales increase and prices go down then it implies that the market is dominated by an increase in supply.

Aberdeenangarse

joguest wrote: »

Rather amusingly, given the nature of your personality, narcissistic supply is also referenced.

Is that a nice way of saying bollux ?

Aberdeenangarse

I've been drinking :beer: Bit early but hey :j:money::rotfl:

Really2

joguest wrote: »

Here's how the Free Online Dictionary puts it(http://www.thefreedictionary.com/supply):

"Economics The amount of a commodity available for meeting a demand or for purchase at a given price."

The bit you quoted from wikipedia wasn't from the page I referenced; it was a very brief (and innacurate) definition at the following page:

http://en.wikipedia.org/wiki/Supply

Rather amusingly, given the nature of your personality, narcissistic supply is also referenced.

http://www.investopedia.com/university/economics/economics3.asp#axzz1akHcnRcg
Supply represents how much the market can offer.
http://economics.about.com/od/supply/p/supply.htm
Economists describe supply as the relationship between the quantity of a good or service consumers will offer for sale and the price charged for that good. More precisely and formally supply can be thought of as "the total quantity of a good or service that is available for purchase at a given price."

I would give up if I were you.

No hypothetical number, it is Goods available to buy at any one time, stock. Or in housing terms, numbers of houses for sale is supply.

Aberdeenangarse

Really2 wrote: »

I would give up if I were you.

If I were you I'd lay down