Properties with the biggest drops in prices

Bubble_and_Squeak

wotsthat wrote: »

You've started with your desired conclusion (prices are crashing) and asking prices going down proves this. However asking prices going up proves the house was a gift in the first place so prices must be crashing.

The methodology is ridiculous to start with but don't you see any flaws in how you're interpreting the data?

falling, not crashing
do you really think that in the midst of the biggest property bubble in british history a house in walthamstow would sell for £250k on the open market?

wotsthat

Bubble_and_Squeak wrote: »

falling, not crashing
do you really think that in the midst of the biggest property bubble in british history a house in walthamstow would sell for £250k on the open market?

You can't have it both ways. If the last house sold is a higher price and that proves prices are falling then the opposite must be true.

The best I can see happening based on your extensive research is some moderation in increases or slight falls and that's only if Walthamstow is representative of London as a whole.

Bubble_and_Squeak

wotsthat wrote: »

You can't have it both ways. If the last house sold is a higher price and that proves prices are falling then the opposite must be true.

The best I can see happening based on your extensive research is some moderation in increases or slight falls and that's only if Walthamstow is representative of London as a whole.

looks like you're wrong!
http://www.rightmove.co.uk/property-for-sale/property-45643756.html

this one puts the AWE back in STOW!

wotsthat

Bubble_and_Squeak wrote: »

looks like you're wrong!
http://www.rightmove.co.uk/property-for-sale/property-45643756.html

this one puts the AWE back in STOW!

This is like Rightmove Tourettes.

There are no recent sales in Rodney Place and if this sold for £350k it would set a new high for similar neighbouring properties.

Why do you think it proves prices are falling significantly?

Bubble_and_Squeak

wotsthat wrote: »

This is like Rightmove Tourettes.

There are no recent sales in Rodney Place and if this sold for £350k it would set a new high for similar neighbouring properties.

Why do you think it proves prices are falling significantly?

i don't
i posted it it for comedy relief

wotsthat

Bubble_and_Squeak wrote: »

i don't
i posted it it for comedy relief

Why don't you just make an offer on a place at a price you think is reasonable and see what happens?

It's what I did. I knew the builder was struggling to shift a few units during the recession so made a cheeky offer - they didn't laugh in my face but weren't far off. I just told them it was my final offer and although it was less than they wanted I really wanted the place and was, as far as they were concerned, a cash buyer.

I got the 'phone call 6 weeks later...

Bubble_and_Squeak

wotsthat wrote: »

Why don't you just make an offer on a place at a price you think is reasonable and see what happens?

It's what I did. I knew the builder was struggling to shift a few units during the recession so made a cheeky offer - they didn't laugh in my face but weren't far off. I just told them it was my final offer and although it was less than they wanted I really wanted the place and was, as far as they were concerned, a cash buyer.

I got the 'phone call 6 weeks later...

i tried a few cheeky offers myself late 2013
they didn't laugh in my face either but i'm sure they did mentally
gonna try the old cheeky offer trick again around december time

saguk1234

Bubble_and_Squeak wrote: »

heres a nice drop
http://www.rightmove.co.uk/property-for-sale/property-30758658.html
originally £400k
but didn't sell
so they've messed about with price ranges and price changes and guess what? didn't sell
its currently cheaper than the previous one on the street sold for
but that one had a shed in the back garden which makes up the difference

£325k for that horrid house. There is no bubble!

Bubble_and_Squeak wrote: »

looks like you're wrong!
http://www.rightmove.co.uk/property-for-sale/property-45643756.html

this one puts the AWE back in STOW!

£350k for this ugly crap????

Property Bee is great. There are so many arrogant EAs that don't understand it and where you get the price drop info from. And they get huffty puffty when you tell them about the price drops on their properties.

Crashy_Time

saguk1234 wrote: »

£325k for that horrid house. There is no bubble!



£350k for this ugly crap????

Property Bee is great. There are so many arrogant EAs that don't understand it and where you get the price drop info from. And they get huffty puffty when you tell them about the price drops on their properties.

I just feel sad looking at the Rodney Place one (Well named; "This time next year Rodney, this time next year") The public are just so so stupid, and the bankers totally criminal. Tragic what the UK has become.

saguk1234

http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=STATION^1400&numberOfPropertiesPerPage=50&radius=0.25&googleAnalyticsChannel=buying

The area I am looking in is Brixton and the stuff here is criminal too!

http://www.rightmove.co.uk/property-for-sale/property-30296967.html