Mortgage Lending Rising Again

ukcarper

Bubble_and_Squeak wrote: »

not sure
its unusually cheap for a walthamtow house
maybe it had structural problems
evidence of damp
but for that price must be a mummy and daddy handmedown
the new price is still cheaper than number 2 though

How does that explain it you can see from link it has been updated so that's why its increased but £135k in a few months. We know nothing about no 2.

Bubble_and_Squeak

the moral of the story is that houses on the same street are coming on for less their neighbours
the number is increasing
this means prices are not increasing

Jack_Johnson_the_acorn

Bubble_and_Squeak wrote: »

the moral of the story is that houses on the same street are coming on for less their neighbours
the number is increasing
this means prices are not increasing

Except that would be a half truth, houses of differing standards and size are coming on to the market, some are priced less and some are priced more than previous sales. You're sadly unable to see past your blinkered HPC worldview. Let's see what the land reg data reveals in a month or so :beer:

ukcarper

http://www.rightmove.co.uk/property-for-sale/property-45864340.html?premiumA=true


http://www.rightmove.co.uk/property-for-sale/property-45864340.html?premiumA=true

Bubble_and_Squeak

ukcarper wrote: »

http://www.rightmove.co.uk/property-for-sale/property-45864340.html?premiumA=true


http://www.rightmove.co.uk/property-for-sale/property-45864340.html?premiumA=true

ah, the old switch to tottenham trick
thats a nice one
tottenham has held onto its bubble gains much more so than walthamstow. a lot of money gone in since the riots.
supply has been steadily increasing since december, though
and a load of horrible new builds will hit the market soon (the old supply and demand gambit) so we'll see what the future brings

ukcarper

Bubble_and_Squeak wrote: »

ah, the old switch to tottenham trick
thats a nice one
tottenham has held onto its bubble gains much more so than walthamstow. a lot of money gone in since the riots.
supply has been steadily increasing since december, though
and a load of horrible new builds will hit the market soon (the old supply and demand gambit) so we'll see what the future brings

So it's not London it just Walthamstow.

Bubble_and_Squeak

ukcarper wrote: »

So it's not London it just Walthamstow.

haven't really looked into tottehman in any great detail as i'm no longer interested in buying there but i've noticed asking prices have been drifting downwards
but not by much
i'm looking at east london and i'm seeing significant reductions in asking prices

Crashy_Time

HAMISH_MCTAVISH wrote: »

If they had, I guess they wouldn't have predicted 100 of the last 1 house price crashes.....

Confirmation bias is a real problem for groups like that.

People that desperately want to see an outcome tend to try and find selective data to support it, and surround themselves with people who reinforce their views, rather than objectively looking at the facts and listening to countering viewpoints.

It's just human nature.

As is projection Hamish :rotfl: