London Has Peaked

padington

Is there an ignore button ?

Crashy_Time

padington wrote: »

Is there an ignore button ?

What, so you can ignore reality?

danothy

Bubble_and_Squeak wrote: »

rightmove peak was in may

If the Rightmove asking prices peaked in May as you say, and the Land Registry records show that the actual sold prices for June and July were higher than May what does that tell you about your beliefs? Does it reinforce them?

Bubble_and_Squeak

danothy wrote: »

If the Rightmove asking prices peaked in May as you say, and the Land Registry records show that the actual sold prices for June and July were higher than May what does that tell you about your beliefs? Does it reinforce them?

it tells me that a property sold in june or july probably came onto the market some time in the first quarter. it also tells me that when it sold the price was higher in nominal terms than the previous time it sold, which could have been anytime before present going back to the early 1990s.

Bubble_and_Squeak

Bubble_and_Squeak wrote: »

if you believe LR then you believe this
http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=27210821&sale=440056&country=england

the above link tells me that the LR figures do not offer an accurate reflection of what goes on in the real world

Bubble_and_Squeak

Crashy_Time wrote: »

What, so you can ignore reality?

surely the best way to ignore a post is to not respond to it??

danothy

Bubble_and_Squeak wrote: »

it tells me that a property sold in june or july probably came onto the market some time in the first quarter.

No, your assumptions tell you that, not the prices. For the peak to have occurred when you claim it also requires that sellers listed lower asking prices while witnessing actual sales go through at higher prices.

Bubble_and_Squeak wrote: »

it also tells me that when it sold the price was higher in nominal terms than the previous time it sold, which could have been anytime before present going back to the early 1990s.

The average sale price of houses in a given month does not provide any information about particular houses selling for more or less than their previous sale. House prices can change in aggregate without the same houses being sold. This suggests that you still have a misunderstanding regarding the LR data, possibly wilfully.

MobileSaver

Bubble_and_Squeak wrote: »

so it really depends how you define a peak

Typical HPCer, irrefutably proved wrong so you then try to pretend you meant something different.

Bubble_and_Squeak wrote: »

i'm calling April as the peak of the london property price bubble.

You specifically referred to the peak in prices. Not supply, not demand, not time on market. You were simply wrong and are not man enough to admit it.

Bubble_and_Squeak wrote: »

the above link tells me that the LR figures do not offer an accurate reflection of what goes on in the real world

The above tells me that the proclamations you post in these forums do not offer an accurate reflection of what goes on in the real world.

Bubble_and_Squeak

i thought that with LR property prices are measured by comparing the price it sold for with the previous sale price.
is this not the case?

Bubble_and_Squeak

keep trying, mobilesaver