Rightmove Nov + 1.2% YoY, -3.1% MoM

MrRee_2

homelessskilledworker wrote: »

a property market cannot stand a rigid credit crunch, end of!!

If there is nothing to buy, then it doesn't matter what the hec happens in the Banks ........ and, whatever gets to the market gets snapped up by those who use savings to buy - again, any credit crunch has zero effect.

Only those who need to borrow would be affected - but, there is nothing for them to buy, so it's all academic.

Horizon81

MrRee wrote: »

I assume you OWN one then?

Or, why are you still renting and buying someone else's house for them?

Shame your other post about your day in town just got deleted. Darn that brit and his dodgy images. We'll have to start up the character assassination all over again...

MrRee_2

Horizon81 wrote: »

Shame your other post about your day in town just got deleted. Darn that brit and his dodgy images. We'll have to start up the character assassination all over again...

Yeah ... what a muppet Brit1234 is .... posting filth - and I was on a roll too ...............

Anyway, have you bought one of these cheap houses in your area?

Jack_Johnson_the_acorn

MrRee wrote: »

Yeah ... what a muppet Brit1234 is .... posting filth - and I was on a roll too ...............

Anyway, have you bought one of these cheap houses in your area?

Of course not...

myhouse_2

homelessskilledworker wrote: »

Are you for real:rotfl:

Amazing lack of understanding of economics, a property market cannot stand a rigid credit crunch, end of!!
.

A nice concise explanation of house market economics. The only issue I would have is that the time scales are undetermined, and things are certainly taking much longer than any bear expected.

Graham_Devon

Well thats another thread that may aswell be deleted.

homelessskilledworker

MrRee wrote: »

If there is nothing to buy, then it doesn't matter what the hec happens in the Banks ........ and, whatever gets to the market gets snapped up by those who use savings to buy - again, any credit crunch has zero effect.

Only those who need to borrow would be affected - but, there is nothing for them to buy, so it's all academic.

There will allways be houseS to buy, 500,000 people die each year for starters.

HAMISH_MCTAVISH

homelessskilledworker wrote: »

There will allways be houseS to buy,

Yes there will.

But any significant fall in supply will drive prices up.

To put it in perspective, at the end of 2007 there were 1.1 million houses on the market.

By the start of 2009 there were just 600K, as falling prices reduced supply.

At which point prices started soaring, even though purchases were at significantly lower levels than today.

500,000 people die each year for starters.

And yet we still add 250,000 new households a year, and population grows by north of 400,000 people per year.

myhouse_2

Well, reading the report there's not much to be excited about for anyone - this fall just cancels out recent rises and is in line with recent Novembers. With low volumes, the indices seem to fluctuate wildy with only a mild hint of a very gentle fall. Clearly though we're not looking at a healthy market however flat the figures are.

the_flying_pig

rightmove, meaningless.