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

System

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?

Normal people would question their methodology after getting it wrong for 8 months.

Clearly a thread entitled "london is crashing" which documents the meteroric rise in house prices over that period suggests that looking at property bee isn't an indicator of the market at all.

ukcarper

Bubble_and_Squeak wrote: »

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

Nearly all your links are rubbish prices might well go down but going through rightmove looking for price drops proves nothing.

Bubble_and_Squeak

ukcarper wrote: »

Nearly all your links are rubbish prices might well go down but going through rightmove looking for price drops proves nothing.

lets think about this for a second
around april time london properties were achieving 98.something percent of the asking price
asking prices are now FALLING in london
and in the areas i'm watching are LOWER
and less properties are achieving the asking than before
think about that and then go back to your hole in the sand

Bubble_and_Squeak

Joeskeppi wrote: »

Normal people would question their methodology after getting it wrong for 8 months.

Clearly a thread entitled "london is crashing" which documents the meteroric rise in house prices over that period suggests that looking at property bee isn't an indicator of the market at all.

is this the thread you lot are on about?
http://www.housepricecrash.co.uk/forum/index.php?/topic/195761-is-prime-london-crashing/

if so, the title suggests its about PRIME london
and
guess what?
prime london has been falling in real terms for the last few months

ukcarper

Bubble_and_Squeak wrote: »

lets think about this for a second
around april time london properties were achieving 98.something percent of the asking price
asking prices are now FALLING in london
and in the areas i'm watching are LOWER
and less properties are achieving the asking than before
think about that and then go back to your hole in the sand

The links you post do not show asking prices of less than the equivalent house sold prices in April. As I've already said prices could well have peaked and be falling back after all they went mad for a while but the links you post are not proof.

Bubble_and_Squeak

ukcarper wrote: »

The links you post do not show asking prices of less than the equivalent house sold prices in April. As I've already said prices could well have peaked and be falling back after all they went mad for a while but the links you post are not proof.

some of them did but you chose to either ignore them or you (or possibly someone else) made up some nonsense to dismiss them.

ukcarper

Bubble_and_Squeak wrote: »

some of them did but you chose to either ignore them or you (or possibly someone else) made up some nonsense to dismiss them.

One possibly did but I pointed out the advantages of the one that sold in April.

Bubble_and_Squeak

ukcarper wrote: »

One possibly did but I pointed out the advantages of the one that sold in April.

there were more
and there will be more

ukcarper

Bubble_and_Squeak wrote: »

there were more
and there will be more

Well if you want to waste your time scouring rightmove looking for lower prices and ignoring higher or similar prices that's up to you.

Bubble_and_Squeak

ukcarper wrote: »

Well if you want to waste your time scouring rightmove looking for lower prices and ignoring higher or similar prices that's up to you.

every time i check rightmove asking prices fall further