Rents down again.

shortchanged_2

chucknorris wrote: »

I am talking about July to Sept and Dec in any average year not just this olympics exceptional year

Ohhh, OK then. I'll just have to take your word for it.

chucknorris

shortchanged wrote: »

Ohhh, OK then. I'll just have to take your word for it.

Well my opinion is based upon my personal experience of letting out multiple properties for over 20 years in London, and that of letting agents who I must admit I don't tend to use, but nevertheless I am always open to consider what people have to say.

AdmiralX

shortchanged wrote: »

http://www.bbc.co.uk/news/business-16633825

Rents decreased for the second month running following a decrease in December.

With Christmas out of the way now though we should see the return of rent rises as all these people who didn't need houses over the Christmas period suddenly surge into the rental market.

I believe this is correct. An no surprise: the rents were too high, so some people share with other friends the flat or stay home, so demand might have declined. I know from neighbours that rents went down substantially in my area.

The-Joker

RenovationMan wrote: »

Old habbits die hard, huh?

Keep an iron hold on the pidgeon holeing group mentality so that you can dismiss individual arguments, is that the plan?

Most property bulls now try and say lets forget the entire bull/bear thing. It is obvious now that the few remaining bulls are wrong. To be a bull you think property is in a rising market. There is very little chance of proprty rising in the near term the way the global crisis is going.

If you think property will not rise any more in the near term then you are a bear.

So really who is brave/stupid enough to stand by Hamish and a few others who are still property bulls?

chucknorris

The-Joker wrote: »

Most property bulls now try and say lets forget the entire bull/bear thing. It is obvious now that the few remaining bulls are wrong. To be a bull you think property is in a rising market. There is very little chance of proprty rising in the near term the way the global crisis is going.

If you think property will not rise any more in the near term then you are a bear.

So really who is brave/stupid enough to stand by Hamish and a few others who are still property bulls?

I don't give a sh*t about bulls or bears, I am looking out for myself not a team of bears or bulls. I only care about the financial well being of my family both now and in the future, not a bunch of people on the internet that I don't even know.

The-Joker

chucknorris wrote: »

I don't give a sh*t about bulls or bears, I am looking out for myself not a team of bears or bulls. I only care about the financial well being of my family both now and in the future, not a bunch of people on the internet that I don't even know.

My point exactly. This is typical denial when you have been wrong about something. Don't worry it's understandable.

I wonder if any other property bulls will conceed that they may have been wrong now property is in a bear market?

Is Hamish the only one left who doggedly sticks to his view that property is still in a bull market?

chucknorris

The-Joker wrote: »

My point exactly. This is typical denial when you have been wrong about something. Don't worry it's understandable.

I wonder if any other property bulls will conceed that they may have been wrong now property is in a bear market?

Is Hamish the only one left who doggedly sticks to his view that property is still in a bull market?

I admit I was wrong, I said back in 2008 that prices would fall by 35-40% (and was deemed a bull back then for saying it). I hold my hand up, I got it completely wrong (but obviously not as wrong as some).

When did Hamish say property wass in a bull market?

RenovationMan

Does anyone else think the joker is geneer's new sockie? geneer kept going on about property bulls trying to pretend to be non-bulls or becoming bears. No one else on here ever gave much of a crap about all that nonsence.

wotsthat

RenovationMan wrote: »

Does anyone else think the joker is geneer's new sockie? geneer kept going on about property bulls trying to pretend to be non-bulls or becoming bears. No one else on here ever gave much of a crap about all that nonsence.

Why are all these sockies obsessed with Hamish as well?

It's not Geneer. That's a spurious assertion and it shows an exquisite lack of self awareness. I think it's a non-bull straw man argument that risks developing into a full blown counter bear meme. Besides this one hasn't posted his bank statement, address, and the name of his removal company on the internet yet.

I think this one is one of the silver sockies that lives on housing benefit and thinks he'll be able to buy a house based on a lower savings rate than a paperboy.

HAMISH_MCTAVISH

DervProf wrote: »

We need more money to be left in the pockets of more people, to help the struggling economy. Lower rents are a small step in right direction.

Every rental transaction involves a landlord and tenant.

Every rent payment transfers money from one to the other.

There is not less money in the economy if rents rise, nor more money in the economy if rents fall. The money in the economy remains exactly the same. Just in the hands of different people.