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Debate House Prices
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Homeowners slash asking prices at fastest rate this year
Comments
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There is another issue here that has so far been ignored in the search for answers as to why these reductions are becoming more common:
The 2012 'dry twigs in vases' style was not, imho, given enough market research before being launched. People were comfortable with the 2011 style, but as ever change for the sake of it reigned supreme.
Now, sadly, we are witnessing the price to be paid for this haste
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was it accepted?:rotfl:
I suspect it was declined.
Obviously, the vendors are delusional.....:D“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
So what your pointing out is that at long last some people are realising that their house is way over priced and wait for it................is only worth what someone else is willing to pay for it.
Even if someone is willing to pay the asking price, the house is really only worth what funds someone can come up with to buy it. As mortgages become harder to get and then later more expensive every year, property will start to fall at a faster rate.The latest survey data suggests to us that the UK housing market is like a tyre with a slow puncture. You can keep putting air into it for a while, but no matter what you do, eventually it’s going to go down a lot.0 -
As mortgages become harder to get and then later more expensive every year, property will start to fall at a faster rate.
This kind of talk solves nothing I tell you!
The sooner we return to lending self-cert part-time hairdressers at least a million, the better; & I hope Sir Hamish would agree with me on this one?
Property being worth only what someone (if you can find them) is prepared to pay for it may suit the rest of the planet, but it is a silly notion & totally unsuited to the British way of life.0 -
LisbonLaura wrote: »This kind of talk solves nothing I tell you!
The sooner we return to lending self-cert part-time hairdressers at least a million, the better; & I hope Sir Hamish would agree with me on this one?
Property being worth only what someone (if you can find them) is prepared to pay for it may suit the rest of the planet, but it is a silly notion & totally unsuited to the British way of life.
Ha very good yes what got us into this mess is the answer, make credit even cheaper and easier to get.The latest survey data suggests to us that the UK housing market is like a tyre with a slow puncture. You can keep putting air into it for a while, but no matter what you do, eventually it’s going to go down a lot.0 -
^ Absolutely. Unfortunately it wont be going to the hairdressers & hamish-ees this time. - Unlimited QE, coming soon. Enjoy the show.0
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You really should get some help, Laura.
Your obsession with Hamish is disturbing.LisbonLaura wrote: »The sooner we return to lending self-cert part-time hairdressers at least a million, the better; & I hope Sir Hamish would agree with me on this one?LisbonLaura wrote: »Unfortunately it wont be going to the hairdressers & hamish-ees this time.LisbonLaura wrote: »Oh what a shocking thing to say to Hamish!
How on earth could you think that? The great man has only posted 12,000+ times on here since 2009.0 -
Your 'research' lacks depth Pricklepants
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LsibonLaura is novelty account that someone made to have a pop at Hamish, so that's not exactly a revelation Mr Prickle
This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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