London Has Peaked

Crashy_Time

ukcarper wrote: »

Down about 40%

Where did you get that figure?

ukcarper

Crashy_Time wrote: »

Where did you get that figure?

Try reading my first post

Jack_Johnson_the_acorn

ukcarper wrote: »

Try reading my first post

Hahaha he's a nutter. You can't judge house prices by the sold price. You should judge them by tracking 1 or 2 properties on property bee or use the Foxtons share price or anecdotal evidence and if all else fails there is always sales volumes data to fall back on. But whatever you do, don't use actual sold prices.

Crashy_Time

Jack_Johnson_the_acorn wrote: »

Hahaha he's a nutter. You can't judge house prices by the sold price. You should judge them by tracking 1 or 2 properties on property bee or use the Foxtons share price or anecdotal evidence and if all else fails there is always sales volumes data to fall back on. But whatever you do, don't use actual sold prices.

So falling volumes are of no consequence then?

Jack_Johnson_the_acorn

Crashy_Time wrote: »

So falling volumes are of no consequence then?

To work out the avg house price should we use sales volumes over actual sold prices? :rotfl:

Crashy_Time

Jack_Johnson_the_acorn wrote: »

To work out the avg house price should we use sales volumes over actual sold prices? :rotfl:

Average house price is meaningless if the market isn`t clearing properly, it is as pointless as talking about average wages in a credit fuelled bubble.

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Average house price is meaningless if the market isn`t clearing properly, it is as pointless as talking about average wages in a credit fuelled bubble.

Especially if the figures are pointing in the exact opposite direction to what you want or require.

How do you know what the level of sales volumes needs to be for the avg house price figure to be accurate btw? :rotfl:

padington

Crashy_Time wrote: »

Average house price is meaningless if the market isn`t clearing properly, it is as pointless as talking about average wages in a credit fuelled bubble.

Estate agents are still stuffing letters through my door begging me to sell and to top it all, the street is turning into a street of owner occupiers because of the BTL tax, which is great news for the family because everyone now really cares about the street and each other.

Crashy_Time

Jack_Johnson_the_acorn wrote: »

Especially if the figures are pointing in the exact opposite direction to what you want or require.

How do you know what the level of sales volumes needs to be for the avg house price figure to be accurate btw? :rotfl:

I`m not disputing sales price averages, although I`m sure they can be massaged upwards when it suits the agenda, I am just saying that lower volumes mean not everyone can get the "average" price for their house, it means many won`t sell at all. The two stats are separate things, one feels good for circus entertainers like you, while the other dictates the actual chances of selling your house to move for work etc.

Jack_Johnson_the_acorn

Crashy_Time wrote: »

I`m not disputing sales price averages, although I`m sure they can be massaged upwards when it suits the agenda, I am just saying that lower volumes mean not everyone can get the "average" price for their house, it means many won`t sell at all. The two stats are separate things, one feels good for circus entertainers like you, while the other dictates the actual chances of selling your house to move for work etc.

Good properties will always sell and if needs be a desperate homeowner could always rent there house to a loser like you

Probably make a nice little profit each month whilst rates are so unbelievably low.