We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

House sellers face up to reality...RICS

13

Comments

  • Rinoa
    Rinoa Posts: 2,701 Forumite
    geneer wrote: »
    Right. So it seems RICS is beneath comment then. :rotfl:

    Yet you and Hamish still managed to comment.

    RICS are not beneath comment, they do provide some accurate data.

    But their price perceptions are obviously flawed.
    If I don't reply to your post,
    you're probably on my ignore list.
  • geneer
    geneer Posts: 4,220 Forumite
    Rinoa wrote: »
    RICS are not beneath comment, they do provide some accurate data.

    But their price perceptions are obviously flawed.

    How do you work that out then?
  • geneer
    geneer Posts: 4,220 Forumite
    HAMISH_MCTAVISH wrote: »
    No it doesn't.

    Sales volume increased from Sept to Oct.

    House Prices increased from Sept to Oct on both the Nationwide and Halifax indices.

    :D


    Incidentally, RICS covers the last 3 months.
    Nationwide is negative for the last 3 months.
    Halifax is nagative for the last 3 months.

    :D Hamish and Rinoa's theories receive a spanking.
    Double bubble.
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    geneer wrote: »
    Incidentally, RICS covers the last 3 months.
    Nationwide is negative for the last 3 months.
    Halifax is nagative for the last 3 months.

    :D Hamish and Rinoa's theories receive a spanking.
    Double bubble.

    No. Receiving a spanking is when you've been renting for 20 years ;)
    If I don't reply to your post,
    you're probably on my ignore list.
  • MrRee_2
    MrRee_2 Posts: 2,389 Forumite
    Imagine the horror of 20 years of renting at £1,000 a month?

    That's £240,000 down the toilet ..... what a horrific state of affairs .....
    Bringing Happiness where there is Gloom!
  • Road_Hog
    Road_Hog Posts: 2,749 Forumite
    1,000 Posts Combo Breaker
    Going4TheDream wrote: »
    At the end of the day a house is worth what someone wants to pay for it?

    It's also worth what a seller is willing to sell it for. And if he shuts up shop and waits for the buyer then it will go for the asking price. I certainly wouldn't sell now, I'd just sit and wait it out.
  • Going4TheDream
    Going4TheDream Posts: 1,258 Forumite
    Part of the Furniture Combo Breaker
    Road_Hog wrote: »
    It's also worth what a seller is willing to
    sell it for    . And if he shuts up shop and waits for the buyer then it will go for the asking price. I certainly wouldn't sell now, I'd just sit and wait it out.

    I am not so sure that it is true?

    You could perhaps translate ' willing' to ' has to sell it for' (perhaps based on their mortgage commitments etc) and perhaps there is the difference

    Potential buyers can see now what similar properties have sold for in similar areas, and have a fairly good idea of the current market value. and not what the seller believes it is worth based on 2007 figures.

    I see on the boards on here people asking why isnt my house getting viewings and they give a link, when you check the area and sold prices it is obvious that they are over pricing it comparative to other similar houses etc. (they surely are not the only people in the whole of the UK that do this?)
    Dont wait for your boat to come in 'Swim out and meet the bloody thing' ;)
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    Road_Hog wrote: »
    And if he shuts up shop and waits for the buyer then it will go for the asking price. I certainly wouldn't sell now, I'd just sit and wait it out.

    I suppose this is true if you base it over a 20 year period.

    But then again it may end up being a forced sale as the vendor has to go into a nursing home by then.
    Why are we here?......................because we are not all there.
  • geneer
    geneer Posts: 4,220 Forumite
    Rinoa wrote: »
    No. Receiving a spanking is when you've been renting for 20 years ;)


    No. Receiving a spanking is when you are forced to resport to childish taunts even though you know in your heart they have zero impact. ;)

    Still at least you've come back to aknowledge your spanking.
    Ol' hamish is a ghost. Again.
  • robmatic
    robmatic Posts: 1,217 Forumite
    geneer wrote: »
    No. Receiving a spanking is when you are forced to resport to childish taunts even though you know in your heart they have zero impact. ;)

    Loving the lack of self-awareness... keep it up!
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture