Debate House Prices


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

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Comments

  • padington
    padington Posts: 3,121 Forumite
    padington wrote: »
    To be insolvent you have to run out of money, is that going to happen if you can print it ? Or are price rises a more likely consequence of problematic national debt?

    Answers on a post card please Crashy.
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    involvent can be used to describe having liabilities that exceed assets...
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Percy1983 wrote: »
    involvent can be used to describe having liabilities that exceed assets...


    Like many "homeowners" in the UK today then?
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Crashy_Time wrote: »
    Like many "homeowners" in the UK today then?



    yes apparently about 0.1% of the people who are 'owner occupiers'
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    CLAPTON wrote: »
    yes apparently about 0.1% of the people who are 'owner occupiers'


    Where do you get your figures?
  • padington
    padington Posts: 3,121 Forumite
    Percy1983 wrote: »
    involvent can be used to describe having liabilities that exceed assets...

    True but the sterling printing press is an asset more considerable than some appreciate ...
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Looks like asking prices in London are starting to head in the right direction?
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Crashy_Time wrote: »
    Looks like asking prices in London are starting to head in the right direction?

    Always do this time of year. Ratio of supply to demand always shifts at this time. Very normal yearly cycle.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    AndyGuil wrote: »
    Always do this time of year. Ratio of supply to demand always shifts at this time. Very normal yearly cycle.


    Why bother cutting your price in August if you think there will be demand in a month or two?
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Crashy_Time wrote: »
    Why bother cutting your price in August if you think there will be demand in a month or two?

    It is just the mismatch in the supply demand cycle. As the demand rises the the asking prices go with it. Then as the demand drops back over the summer the asking prices reflect the oversupply. Very simple supply demand.
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