Debate House Prices


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London Has Peaked

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Comments

  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    Crashy_Time wrote: »
    There is a big spike of activity on this thread, are we all on drugs?

    is a sensationalist daily mail headline a drug?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    That was happening and property was selling so it's obvious that people did have the money. Things have slowed down now and the bidding wars have ended.


    No, he said people were making offers and relying on their fantasy price for houses that had not yet sold going through and supplying the money, that is different to actually having the money. The sales that went through were from people who actually had the money.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Bubble_and_Squeak wrote: »
    is a sensationalist daily mail headline a drug?


    It is to me.
    :rotfl:
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    No, he said people were making offers and relying on their fantasy price for houses that had not yet sold going through and supplying the money, that is different to actually having the money. The sales that went through were from people who actually had the money.

    Yes from the sale of their properties in many cases.
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    ukcarper wrote: »
    In prime London maybe but that won't effect me or you.

    surely it will effect the whole market?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    In prime London maybe but that won't effect me or you.


    It will when the main indexes turn negative. Less lively thinkers than us will be influenced to drop their prices, and panic a bit. (maybe not in that order)
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Bubble_and_Squeak wrote: »
    surely it will effect the whole market?
    No necessarily.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    Yes from the sale of their properties in many cases.


    No, but he said people were making offers, relying on the sale going through, then the sale fell through and they couldn`t buy. We are talking about two different people.
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    ukcarper wrote: »
    Yes from the sale of their properties in many cases.

    yes, banks were lending funding for lending cash (probably money that the bank of england had just printed) to bomads
    now that money has gone, like old willie thornes hair
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    That's what you are hoping for but not a fact.


    I am hoping for 1997 prices. :rotfl:
This discussion has been closed.
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