'We've reached a tipping point' Signs of house price weakness

ukcarper

Bubble_and_Squeak wrote: »

haven't we been through this already earlier on in this thread?
didn't i point out (using about 10 examples as evidence) that houses are coming on the market for less than the previous one sold for on the same street?

No you didn't the houses were not the same. A house has just come on market in my road and it is £50k more than last asking prices.

Jack_Johnson_the_acorn

Bubble_and_Squeak wrote: »

this is how i felt about the middle class couples that were outbidding me using mummy and daddys money at the beginning of the year
now i just feel sorry for them
well, i feel sorry for mummy and daddy
its mommy and daddys equity that has evaporated, not theirs

You're incredibly surly and hostile today, I bought my house with my own hard earned money, don't know of anyone who has been funded by "mommy & daddy", Must be the crowd you associate with

AndyGuil

Bubble_and_Squeak wrote: »

so the houses which are currently NOT selling at prices lower than the previous house on the street sold for are actually going to sell above their current asking price?

Asking prices are over £100k more than selling prices, yet the average sold price is 96-99% of the asking price. Clearly a lot of houses won't sell unless the price is cut which is what we are seeing. Sold price keeps rising.

System

Bubble_and_Squeak wrote: »

haven't we been through this already earlier on in this thread?
didn't i point out (using about 10 examples as evidence) that houses are coming on the market for less than the previous one sold for on the same street?

Ignoring your miniscule sample size and the fact that anyone could find 20 sstc properties that have gone under offer for more than any others on the road in 3 minutes...

This doesn't mean that average sold prices will fall.

If I sell 4 apples for £1 on Monday.
And 1 apple for £2 on Tuesday.
And 1 apple for £1.50 on Wednesday.

Are average sold prices going up or down on Wednesday?

Bubble_and_Squeak

Jack_Johnson_the_acorn wrote: »

You're incredibly surly and hostile today, I bought my house with my own hard earned money, don't know of anyone who has been funded by "mommy & daddy", Must be the crowd you associate with

wasn't rabbiting about you, blue
londons full of bomads

Bubble_and_Squeak

ukcarper wrote: »

No you didn't the houses were not the same. A house has just come on market in my road and it is £50k more than last asking prices.

well, i can repost the 10 examples and many more if you like
and you can vet them

ukcarper

Bubble_and_Squeak wrote: »

well, i can repost the 10 examples and many more if you like
and you can vet them

Why I did most of them last time.

Bubble_and_Squeak

OK OK OK OK OK
you win
house prices are rising and will always rise and never fall
i'm going akip
la'ers

ukcarper

Bubble_and_Squeak wrote: »

OK OK OK OK OK
you win
house prices are rising and will always rise and never fall
i'm going akip
la'ers

No ones saying that I think most of us have already said we expect prices to fall back a bit, it's just that you can't read to much into rightmove data.

Jack_Johnson_the_acorn

Bubble_and_Squeak wrote: »

OK OK OK OK OK
you win
house prices are rising and will always rise and never fall
i'm going akip
la'ers

Said no one EVER!