Rightmove October 2011 +2.8%

doire_2

MrRee wrote: »

There is great sadness on the HPC Forums ..... a lot of denial and finger pointing to computers being wrong and not able to add up properly - some of those posting there have been posting about the crash for 7 years or more! All those years where they have been buying someone elses house for them - nuts! Most, of course, will never buy at any price.

A post about HPC? That didn't take long did it

MrRee wrote: »

I personally think that people are fed up putting their lives on hold while they 'hope' for a crash .. which isn't about to happen anytime soon (or ever) .. and they are now buying and living their lives.

Ahh so only home owners have a life? Do the pubs open early around your way?

geneer

doire wrote: »

A post about HPC? That didn't take long did it



Ahh so only home owners have a life? Do the pubs open early around your way?

You can boot the poster out of HPC, but you can never take HPC out of the poster.

First loves always hold a special place in peoples hearts.

Sibley

You can boot the poster out of HPC, but you can never take HPC out of the poster.

First loves always hold a special place in peoples hearts.

No we are laughing at you.

You tried to take what is ours. It didn't work.

Now go back to work and get our rent money. :beer:

Mallotum_X

Really2 wrote: »

1+1 = A Squirrel.

Me + Does not think sold prices will be up 2.8% next month = Me saying they will be up 3% a month?

If you are going to make up what I say, at least do not do it on a thread where people can't look back on the previous page and see I never said it.

Asking prices went up in one month, crikey!!!
I presumed when the asking prices index falls next the percentage of asking price achieved will increase?
I won't wait for that to be raised by yourself though.

You seem to be twisting about a lot, if you think the gap will stay the same then prices must increase to match them, (as per your own example) so as you now dont think that prices will increase, how can the gap stay the same?

What time scale are you saying sold prices will increase by the necessary 3%?

Next time you try and give an example think about what it might mean first, you cant have it both ways.

Really2

Mallotum_X wrote: »

You seem to be twisting about a lot,

No, not me. I just have the brains to think that asking prices going up does not mean the percentage achieved has gone down. Or that you believe when prices fall the percentage achieved increase.

Likewise I do not think an asking price index is representative of sales prices.


But please point out your previous use of this theory when asking prices have fallen and the percentage achieved has gone up.

Or is it a theory you only use when prices increase?

I look forward to your link of arguing this theory before.......but I think we know full well it would never have been said or said again the next time it shows a fall.

Don't look desperate on the Rightmove data, it's not the most relevant index at the best of times.:o

EchoLocation

Yawn. Asking Prices. Meaningless.

Seller delusion and VI greed continues, making it even more painful for themselves when the inevitable happens.

Mallotum_X

Really2 wrote: »

No, not me. I just have the brains to think that asking prices going up does not mean the percentage achieved has gone down. Or that you believe when prices fall the percentage achieved increase.

It does unless sales prices go up, but you dont seem to understand that....

Really2 wrote: »

Likewise I do not think an asking price index is representative of sales prices.

So if its not why present an example showing sale price goes up as a result of initial asking prices going up?

Really2 wrote: »

But please point out your previous use of this theory when asking prices have fallen and the percentage achieved has gone up.

Fortunately I dont recall seeing anyone coming up with example to try and show that sold prices would increase off the back of these stats before, or vice versa to be honest.

Really2 wrote: »

Or is it a theory you only use when prices increase?

Asking prices, i take it, as sold prices have been falling of late.

Really2 wrote: »

Don't look desperate on the Rightmove data, it's not the most relevant index at the best of times.:o

I love this twist, has to be your best yet. An almost celebratory post showing prices will rise 2.8%, and now its not a good index. Well done, finally you seem to understand, that as its a poor index its really not good enough to be predicting a 2.8% increase in sold prices.

As you didnt reply to my question about time scale I take it you no longer think that an increase in asking prices this month will lead to a 2.8% increase in sold prices?

Really2

Mallotum_X wrote: »

...................

If you can't see how a house listed this month does not change the percentage of asking prices acheived in sold houses months ago. the debate is pointless.

The example was used to point out it would have no effect on a like for like basis!!!!! Not hard to understand surely.

Also can't you see that sold price would be related to houses listed 3-5 months ago not houses listed this month!!

To get the percentage of list prices for houses sold in August would you not use the that they were marketed for months ago not this month?

If I purchased something last month and it's asking price went up this month it does not mean the seller is accepting a lower percentage does it?

nembot

MrRee wrote: »

There is great sadness on the HPC Forums ..... a lot of denial and finger pointing to computers being wrong and not able to add up properly - some of those posting there have been posting about the crash for 7 years or more! All those years where they have been buying someone elses house for them - nuts! Most, of course, will never buy at any price.

Back to the figures - they may have some validity, as Mortgage Approvals are well up and this means properties have been selling. It is human nature, I'm afraid, to assume that your house today is worth more than the one down the street which sold in June - and therefore you put it on the market for a % more.

Of course, all these inflated prices will be knocked down and the sellers are expecting 15% OFF offers to come in.

I personally think that people are fed up putting their lives on hold while they 'hope' for a crash .. which isn't about to happen anytime soon (or ever) .. and they are now buying and living their lives.

Another BIG driving force is the uncertainty over the safety of Bank deposits! Who wouldn't rather have something to touch, feel, enjoy, than a bunch of numbers on a Bank balance sheet? I ceratinly would!

You talk about people living their lives in their own home etc in one sentence... then in the next refer to a house being an investment.

Clearly the latter serves your personal circumstance, or you wouldn't post such rubbish.

Mallotum_X

Really2 wrote: »

If you can't see how a house listed this month does not change the percentage of asking prices acheived in sold house the debate is pointless.

The example was used to point out it would have no effect on a like for like basis!!!!! Not hard to understand surely.

But if you want to believe that this means the houses listed will all achieve lesser of a percentage of asking price be my guest.

Are you really this dilusional?

If the housing market worked the way you seem to think then all one has to do is increase the asking price and yo uare guaranteed more sale proceeds.

It doesnt work like that.

House sale prices will be whatever they will be, they do not increase simply because the asking price has been put up.

You are missing the (very simple) point, increasing asking prices without a corresponding % increase in the prices acheived will lead to a FALL in the % being achieved.

All of the current indices are showing falls at the moment, the current trend all theing being equal is for sold prices to continue to fall slowly, so with an increased asking price and either a fall in sale price, a stable price or a lower % increase in sale price will lead to a lower percentage being acheived.

Therefore for your examples to work Sale prices have to increase by nearly 3%, you said earlier that you didnt think that would happen, so the percentage acheived is more likely to fall with this data isn't it?