London Has Peaked

Bubble_and_Squeak

padington wrote: »

If I offer you one apple in April for £100 but agree to let it go for £50 and it sells then ...

In September I offer two apples for £90 each and I agree to let one go for £60 and one sells but I refuse to sell the second apple for any less.

Which month would have been the better month to put in an offer to buy an apple ?

haha resorting to riddles!

padington

Bubble_and_Squeak wrote: »

haha resorting to riddles!

It's not a riddle. It's simple maths. Answer the question.

wotsthat

Bubble_and_Squeak wrote: »

given that asking prices are now LOWER that april
and over 20% of listings have had a price CUT
and properties are achieving a LOWER percentage of the asking price
and supply is INCREASED
in what way is it a costly error?

The Haringey houses you turned your nose up at in August 2013 now cost £86k more. Plus you've invested 12 months rent in the project and you've not spent a year in your own house which was the target last August.

You've got that property bee app thingy though.

officeuk

We should rename this website to moneyspendingexpert.com or hpiisgreat.com

ukcarper

officeuk wrote: »

We should rename this website to moneyspendingexpert.com or hpiisgreat.com

House prices do what they do and we can't influence that making the best of that is all we can do. Trying to judge what is happening and buying at the bottom is a dangerous game as bubble is showing.

Bubble_and_Squeak

wotsthat wrote: »

The Haringey houses you turned your nose up at in August 2013 now cost £86k more. Plus you've invested 12 months rent in the project and you've not spent a year in your own house which was the target last August.

You've got that property bee app thingy though.

i started looking in october 2013, not august.
i stopped looking in april 2014 as every property i viewed sold above the asking price.
what a difference a few months makes
asking prices are lower, fewer achieving the asking price, more properties to choose from, less competition, more money saved towards the deposit...

wotsthat

Bubble_and_Squeak wrote: »

i started looking in october 2013, not august.
i stopped looking in april 2014 as every property i viewed sold above the asking price.
what a difference a few months makes
asking prices are lower, fewer achieving the asking price, more properties to choose from, less competition, more money saved towards the deposit...

..and selling prices are higher than both October '13 and April 2014.

..and you still have complete faith in your own analysis vs the Land Registry (and everyone else) which say prices are still going up.

You can cling to your lag and ask where the money is going to come from but your assertions that there's a secret crash happening or that the 'stow is in freefall are looking like nonsense.

Late August sale prices are now appearing on Rightmove. Just scrolling down the first page for E17 shows every single house went for it's highest ever sale price.

My money was on a moderation or maybe even small falls given the recent large increases but there's not much sign of that either unless you call 21% YoY a moderation.

wotsthat

officeuk wrote: »

We should rename this website to moneyspendingexpert.com or hpiisgreat.com

The best way to save money on housing costs long term is to buy a house.

Trying to time a purchase IMO is a mugs game. May as well just buy when you want and are able and leave house prices to lady luck. The purchase price loses significance with every single day of home ownership.

If you can't bear the thought of not buying at the absolute best time then rent and let someone else worry about it.

Bubble_and_Squeak

wotsthat wrote: »

..and selling prices are higher than both October '13 and April 2014.

..and you still have complete faith in your own analysis vs the Land Registry (and everyone else) which say prices are still going up.

You can cling to your lag and ask where the money is going to come from but your assertions that there's a secret crash happening or that the 'stow is in freefall are looking like nonsense.

Late August sale prices are now appearing on Rightmove. Just scrolling down the first page for E17 shows every single house went for it's highest ever sale price.

My money was on a moderation or maybe even small falls given the recent large increases but there's not much sign of that either unless you call 21% YoY a moderation.

looks like its not going to come from increased lending

Bubble_and_Squeak

wotsthat wrote: »

The best way to save money on housing costs long term is to buy a house.

Trying to time a purchase IMO is a mugs game. May as well just buy when you want and are able and leave house prices to lady luck. The purchase price loses significance with every single day of home ownership.

If you can't bear the thought of not buying at the absolute best time then rent and let someone else worry about it.

you don't realise how the market in london was at the beginning of this year. buying a house involved getting into a bidding war with bomads. in my case that was a battle i couldn't win.