Mortgage Lending Rising Again

Bubble_and_Squeak

http://www.rightmove.co.uk/property-for-sale/property-47155007.html

well well well
30% off the asking price!
where is that chinese investor now?
and what of the russian oligarch?
and the fable of the massive shortage of supply disappeared in a puff of logic

HAMISH_MCTAVISH

Bubble_and_Squeak wrote: »

30% off the asking price!

So to use HPC logic, I could list a used Ford Fiesta for a million pounds, then drop the price by £995,000, and that would constitute a 99.5% car price crash? :rotfl:

Kite flyers dropping asking prices is nothing new, and wasn't unusual even in the boom years.

Property Bee (and now Rightmove's similar tool) is one of the main reasons HPC-ers have called 100 of the last 1 house price crashes.

and the fable of the massive shortage of supply disappeared in a puff of logic

If you really think that a kite flyer dropping asking price is more important to determining housing shortages than cold hard data around build rates, household formation, household composition, and population growth, then good luck to you.

You're going to need it....:)

wotsthat

Graham_Devon wrote: »

It most certainly is. The lack of supply thing is just used to avoid having to discuss the possibility that it's a simple asset bubble.

Prices can still go up and down if there's a shortage - its not the only factor. If it's a bubble it'll burst.

Let's see.

Like the graph thing by the way.

Graham_Devon

wotsthat wrote: »

Prices can still go up and down if there's a shortage - its not the only factor.

.

Thanks for telling me what I just said

wotsthat

Bubble_and_Squeak wrote: »

i thought it was common knowledge that we are in a trade war with russia, china has tightened credit controls and chinas property bubble has burst

I thought you had an insight into how these things had reduced the number of potential buyers.

It seems to be based on noting house prices are being reduced on Rightmove, assuming foreigners make up the bulk of London demand, assuming mortgage lending can't increase and clinging to the RICS report even though even that says it still expects price momentum to remain 'robust'.

You might have all these jigsaw pieces just right but it does seem like you're trying to bludgeon them into place with a mallet.

wotsthat

Graham_Devon wrote: »

Thanks for telling me what I just said

...and if it's a bubble it'll burst.

Let's see.

Jack_Johnson_the_acorn

Graham_Devon wrote: »

Thanks for telling me what I just said

Although you didn't say that at all.:rotfl:

System

I honestly thought we had gotten past the differences between asking and selling prices.

Bubble_and_Squeak

HAMISH_MCTAVISH wrote: »

So to use HPC logic, I could list a used Ford Fiesta for a million pounds, then drop the price by £995,000, and that would constitute a 99.5% car price crash? :rotfl:

Kite flyers dropping asking prices is nothing new, and wasn't unusual even in the boom years.

Property Bee (and now Rightmove's similar tool) is one of the main reasons HPC-ers have called 100 of the last 1 house price crashes.



If you really think that a kite flyer dropping asking price is more important to determining housing shortages than cold hard data around build rates, household formation, household composition, and population growth, then good luck to you.

You're going to need it....:)

hahaha your car analogy!
jokes!
and i love the way you're clinging on the supply and demand myth
you keep repeating it in the hope that it will become reality

Bubble_and_Squeak

i'm fairly new to online forum debates and to house hunting
so
just to clarify
i'm wrong to believe that vendors cutting asking prices constitutes a reduction in asking prices?
and i'm wrong to believe that an asking price lower than the last house on the same street sold for constitutes a reduction is prices?