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Debate House Prices
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house prices DOWN 6.2% in a month!!! (in South East)
Comments
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You only have to read this board to realise that there are still many sellers with their head in the sand hoping we could go back to pre 2007.
what the south east figures tell me is that there are probably a sizable minority forced or "really need to sell" sellers who have woken up and probably knocked 15% or more off the asking price.0 -
angrypirate wrote: »OIC, so you are basically saying that sellers cutting their prices by 6.2% shows that there is an expectation that house prices are going to go up and this is merely a trick to generate interest because houseprices are over valued. Oh, hang on...
Seriously?
No, not at all.
What i am saying is that the correlation between asking prices and sold prices is not fixed and can vary.
The OP's post was saying that house prices was down (essentially meaning sold prices) when quite clearly he was referring to asking prices (not yet sold).
I wonder if seasonal variation is also considered with lower prices in the winter as opposed to come spring time?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Would it be logical to assume that falling asking prices - which are a measure of the seller's expectation, remember - are MUCH more likely to reflect softer actual selling prices than rising asking prices are of reflecting rising selling prices?0
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IveSeenTheLight wrote: »No, not at all.
What i am saying is that the correlation between asking prices and sold prices is not fixed and can vary.
The OP's post was saying that house prices was down (essentially meaning sold prices) when quite clearly he was referring to asking prices (not yet sold).
I wonder if seasonal variation is also considered with lower prices in the winter as opposed to come spring time?
I am with you here Iveseenthelight, a property this month that has been dropped in price by 6% for example is still not going to sell at that price, conditions are far worse than that.0 -
early Christmas cracker joke for you:
q: what's the only thing worse than owning an investment property in the south east this month?
a: owning two investment properties in the south east!
0 -
early Christmas cracker joke for you:
q: what's the only thing worse than owning an investment property in the south east this month?
a: owning two investment properties in the south east!
We've got 8, I can assure you that the last few years have been the most profitable by some margin.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
chucknorris wrote: »We've got 8, I can assure you that the last few years have been the most profitable by some margin.
It's easy money with the current interest rates.
For those that are renting and wanting to buy, you have my sympathies, I'm not a pull up the ladder Jack, I'm alright landlord. I wish the government would build some council houses so that people had somewhere cheap (meaning you can save for a deposit) and secure to live.
Private renting should only be a short term/stop gap measure.0 -
It's easy money with the current interest rates.
Yes it is but as I can't really see prices getting back up to 2007 levels in real terms, I see this increased profitability as merely compensation rather than a bonus. For anyone not intending to sell then it is a bonus, but I do actually intend to sell in about 10-15 years time.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
early Christmas cracker joke for you:
q: what's the only thing worse than owning an investment property in the south east this month?
a: owning two investment properties in the south east!
Don't know about that. I've got three at the moment.
The first two I bought in 2009 - up 10% since then.
The last one I bought at the start of 2011 - again also up quite a bit.
All properties yielding in excess of 7% income
Show me an alternative investment that offers that sort of tax efficient income.0
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