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

Crashy_Time

gallygirl wrote: »

Trust me - keep it that way (with apologies to folk from Leicester :rotfl:).

I think one of the problems on here is that HPC'ers find one house with a big drop and say 'there's the evidence' but in all too many cases it can be explained as an anomaly - especially if someone knows the area. Then the whole argument is debunked. Finding a load of properties with 10-15% drops in one area is far more compelling evidence to me that something is happening.

Follow the Prime London Crashing thread on HPC to see the asking price drops as they roll in.

ukcarper

Crashy_Time wrote: »

Follow the Prime London Crashing thread on HPC to see the asking price drops as they roll in.

I wouldn't bother

In_For_A_Penny_2

Crashy_Time wrote: »

Follow the Prime London Crashing thread on HPC to see the asking price drops as they roll in.

This probably wouldn't be the most useful way to spend a day!

Anecdotes don't constitute any sort of evidence. I really don't think you can judge a market as big as the Uk based on a few glimpses of a property website!

robmatic

Crashy_Time wrote: »

Follow the Prime London Crashing thread on HPC to see the asking price drops as they roll in.

This is the thread that's been showing London 'crashing' since January.

What has actually happened to prices in London so far this year?

Jack_Johnson_the_acorn

robmatic wrote: »

This is the thread that's been showing London 'crashing' since January.

What has actually happened to prices in London so far this year?

Yep, as the saying goes, a stopped clock is still right twice a day, sadly, crashy has been desperately waiting for a decline since 1997!

Bubble_and_Squeak

ukcarper wrote: »

I wouldn't bother

bury your head in the sand
if you can't see it it isn't there

Jack_Johnson_the_acorn

Bubble_and_Squeak wrote: »

bury your head in the sand
if you can't see it it isn't there

So have sold prices declined since April or just asking prices?

danothy

Bubble_and_Squeak wrote: »

bury your head in the sand
if you can't see it it isn't there

Interestingly enough, if it isn't there, it is quite possible to still see it: http://en.wikipedia.org/wiki/Apophenia

Bubble_and_Squeak

danothy wrote: »

Interestingly enough, if it isn't there, it is quite possible to still see it: http://en.wikipedia.org/wiki/Apophenia

haha nice one!
i suppose we'll disagree as to which camp on this board this applies to

Bubble_and_Squeak

Jack_Johnson_the_acorn wrote: »

So have sold prices declined since April or just asking prices?

yawn
bury your head back in the sand
if you take it out in a years time HPI may be back by then