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

chucknorris

ChopperST wrote: »

Off topic chuck you are aware that the FTSE 100 and all share overlap by about 80% Did you look at the Monevator pages anymore to get a better idea of diversification?

Yeah thanks I know, I've only just started investing, First of all I simply wanted the diversity of shares in my portfolio. I wanted to start there first because of familiarity and also because the P/E was low, I will get around diversification within the funds that I invest in by including a global index, the ftse 250, a high yield fund and some emerging markets.

Bubble_and_Squeak

ukcarper wrote: »

I'm not giving you a link to my road, the previous house sold April and another sold a few weeks later. But the point with the new listing is that although it is a detached in the same road it's not the same as the others.

what area?

Bubble_and_Squeak

HAMISH_MCTAVISH wrote: »

No, that's not right.

LR use repeat sales regression to compare like for like, Halifax and Nationwide use hedonic regression to take account of the differences in houses.

!!!!!! is that??

Bubble_and_Squeak

HAMISH_MCTAVISH wrote: »

Just sayin...

didn't the express also report that benny hill carried his life savings around in two sainsburys carrier bags?

HAMISH_MCTAVISH

Bubble_and_Squeak wrote: »

!!!!!! is that??

Something you should probably learn about before making false claims that "most stats don't reflect differences in the houses- just the overall prices".....

Bubble_and_Squeak

AndyGuil wrote: »

Why bother posting them if you knew they were crud. None of them are useful at all.

because houses asking for less than the last one sold for was unheard of at the peak (april 2014)
every house i viewed in 2014 sold at or above the asking price, which was always higher than the price the last one sold for
i can't believe you're dismissing this as irrelevant

Bubble_and_Squeak

HAMISH_MCTAVISH wrote: »

Something you should probably learn about before making false claims that "most stats don't reflect differences in the houses- just the overall prices".....

well, i called your bluff on that one
and it went pete tong

Jack_Johnson_the_acorn

Bubble_and_Squeak wrote: »

because houses asking for less than the last one sold for was unheard of at the peak (april 2014)
every house i viewed in 2014 sold at or above the asking price, which was always higher than the price the last one sold for
i can't believe you're dismissing this as irrelevant

Except you've provided lots of examples with each one debunked....

Bubble_and_Squeak

what about this one?
http://www.rightmove.co.uk/property-for-sale/property-31982220.html

and the ones that are the same price as the last sold will sell lower, if they sell at all

Bubble_and_Squeak

Quizzical_Squirrel wrote: »

I've just sold to rent (so I'm in a good position to buy the next one) and I'm not seeing this on the ground.

What I am seeing is almost completely dried up new inventory and the stuff nobody wanted since it came on the market in the spring is being dramatically slashed in price which probably explains the overall price drop percentage.
Somebody's got to buy these places though because that's all there is to chose from.

However my estate agent said chains are falling apart but are being put together again very quickly but at lower prices. I don't know what to make of that, maybe capitalising on seller frustration?

I hope I've done the right thing but I'm just not seeing it.

where yuh deh?