Mortgage Lending Rising Again

Bubble_and_Squeak

wotsthat wrote: »

I know it's all about today but aren't you setting yourself up for disappointment when land reg catches up and prices didn't fall by £80k in Walthamstow in August?

noD RRRRReally
because
by that time prime the rest of the indices will have caught up with reality and sentiment will be on a downward spiral and prices will be even lower

Bubble_and_Squeak

the description should be changed to
Currently NOT selling 'off plan' because chinaman can no longer launder money via london property and the russians have all run off to the urals an overpriced two bedroom cheap apartment with an North facing balcony.

http://www.rightmove.co.uk/new-homes-for-sale/property-45049390.html

14/08/2014

Price changed: from '£488,000' to '£485,000'

10/08/2014

Agent changed: JLL

30/07/2014

Agent changed: Listed on 26/06/2014 by JLL

26/06/2014

Initial entry found

wotsthat

Bubble_and_Squeak wrote: »

the description should be changed to
Currently NOT selling 'off plan' because chinaman can no longer launder money via london property and the russians have all run off to the urals an overpriced two bedroom cheap apartment with an North facing balcony.

http://www.rightmove.co.uk/new-homes-for-sale/property-45049390.html

14/08/2014

Price changed: from '£488,000' to '£485,000'

10/08/2014

Agent changed: JLL

30/07/2014

Agent changed: Listed on 26/06/2014 by JLL

26/06/2014

Initial entry found

Everyone that's set up a Rightmove alert for this area just got an email. Changing prices keeps the hit rate up.

Could've just crashed by 0.6% I suppose.

Bubble_and_Squeak

wotsthat wrote: »

Everyone that's set up a Rightmove alert for this area just got an email. Changing prices keeps the hit rate up.

Could've just crashed by 0.6% I suppose.

its not so much the price reduction itself thats significant its the fact that it hasn't sold.
here is another one
http://www.rightmove.co.uk/new-homes-for-sale/property-31725753.html
to be cutting £25k off the asking price after less than two weeks suggests it attracted no interest whatsoever, despite the fabled housing shortage and mr chinaman buying off plan for his unborn children

wotsthat

Bubble_and_Squeak wrote: »

its not so much the price reduction itself thats significant its the fact that it hasn't sold.
here is another one
http://www.rightmove.co.uk/new-homes-for-sale/property-31725753.html
to be cutting £25k off the asking price after less than two weeks suggests it attracted no interest whatsoever, despite the fabled housing shortage and mr chinaman buying off plan for his unborn children

It's a new house. How do you know the previous £575k wasn't simple kite flying?

Jack_Johnson_the_acorn

wotsthat wrote: »

It's a new house. How do you know the previous £575k wasn't simple kite flying?

Because HPC is like a religion.

What you're proposing doesn't fit his world view.
Remember if you're on HPC you start off with the conclusion and you mash all the evidence and info to fit said conclusion.

:eek:

Bubble_and_Squeak

wotsthat wrote: »

It's a new house. How do you know the previous £575k wasn't simple kite flying?

because newbuilds have been selling of plan before the development has been completed
now that the bubble has burst this is no longer the case

Bubble_and_Squeak

Jack_Johnson_the_acorn wrote: »

Because HPC is like a religion.

What you're proposing doesn't fit his world view.
Remember if you're on HPC you start off with the conclusion and you mash all the evidence and info to fit said conclusion.

:eek:

i only converted to the HPCism in april of this year when it became obvious they we're in a bubble. a rather large one at that

Jack_Johnson_the_acorn

Bubble_and_Squeak wrote: »

i only converted to the HPCism in april of this year when it became obvious they we're in a bubble. a rather large one at that

Who is "they we're" the only place that's looking speculative to me is down south. I'm oop North where house prices are very affordable.

If one chooses to live in the Capital of a thriving, cultural and employment hotspot, one should be prepared to pay an adequate premium.... Best of luck though.

wotsthat

Bubble_and_Squeak wrote: »

because newbuilds have been selling of plan before the development has been completed
now that the bubble has burst this is no longer the case

Until August builders were selling off plan? No site sales offices or show homes? They just rolled out the plans and everyone formed an orderly queue?