London Has Peaked

Bubble_and_Squeak

http://www.rightmove.co.uk/property-for-sale/property-32198226.html;jsessionid=CE6D1DC096067AAADA12DF9F9BD63371

whats going on here?
LR says prices are increasing at world record speed, right?

In_For_A_Penny_2

Bubble_and_Squeak wrote: »

http://www.rightmove.co.uk/property-for-sale/property-32198226.html;jsessionid=CE6D1DC096067AAADA12DF9F9BD63371

whats going on here?
LR says prices are increasing at world record speed, right?

Maybe I'm missing something with these links you post. I assume you are referring to "Properties sold nearby"? (apologies if I'm missing the point).

This appears to show that a different house nearby sold for 10k more in May while another one sold for 142k less in May.

Is this evidence of prices going up? Down? Or just that different houses are, well, different?

System

In_For_A_Penny wrote: »

This appears to show that a different house nearby sold for 10k more in May while another one sold for 142k less in May.

Is this evidence of prices going up? Down? Or just that different houses are, well, different?

It actually appears to show a different house in far superior decorative order sold for 10k more. The one he has linked would need about 20k spent on it to bring it to the standard of the previous one so lets just say this one is 10k more expensive.

He's made the same mistake about 20 times so far.

Bubble_and_Squeak

In_For_A_Penny wrote: »

Maybe I'm missing something with these links you post. I assume you are referring to "Properties sold nearby"? (apologies if I'm missing the point).

This appears to show that a different house nearby sold for 10k more in May while another one sold for 142k less in May.

Is this evidence of prices going up? Down? Or just that different houses are, well, different?

was a flat

wotsthat

Bubble_and_Squeak wrote: »

http://www.rightmove.co.uk/property-for-sale/property-32198226.html;jsessionid=CE6D1DC096067AAADA12DF9F9BD63371

whats going on here?
LR says prices are increasing at world record speed, right?

Apart from demonstrating that not all houses sell for exactly the the same amount of money you're just proving that nicer houses tend to sell for more money.

Maybe you should abandon your own house price index - it's broken.

Bubble_and_Squeak

wotsthat wrote: »

Apart from demonstrating that not all houses sell for exactly the the same amount of money you're just proving that nicer houses tend to sell for more money.

Maybe you should abandon your own house price index - it's broken.

the last sold completed in may so the price was probably agreed around febuary- 8 months ago.
according to your sacred LR house prices have been rising every month since then. this means that houses on this street should have increased in value by something like 12%.
as we can see this has clearly NOT happened.

danothy

Bubble_and_Squeak wrote: »

the last sold completed in may so the price was probably agreed around febuary- 8 months ago.

No, the price would have been agreed at exchange of contracts, which was 'probably' one to two weeks before it completed. We've been over this repeatedly. Stop lying to yourself.

Bubble_and_Squeak wrote: »

according to your sacred LR house prices have been rising every month since then. this means that houses on this street should have increased in value by something like 12%.
as we can see this has clearly NOT happened.

Are you suggesting that different houses on the same street should all hold identical values? Are you also suggesting that an asking price is equatable to a value? As the actual sold prices for these houses selling currently are not available to us yet how can we clearly see it has not happened?

wotsthat

Bubble_and_Squeak wrote: »

the last sold completed in may so the price was probably agreed around febuary- 8 months ago.
according to your sacred LR house prices have been rising every month since then. this means that houses on this street should have increased in value by something like 12%.
as we can see this has clearly NOT happened.

Have you ever purchased a house before? You seem to have very little idea of how it works and a limited comprehension of standard deviations.

Bubble_and_Squeak

danothy wrote: »

No, the price would have been agreed at exchange of contracts, which was 'probably' one to two weeks before it completed. We've been over this repeatedly. Stop lying to yourself.



Are you suggesting that different houses on the same street should all hold identical values? Are you also suggesting that an asking price is equatable to a value? As the actual sold prices for these houses selling currently are not available to us yet how can we clearly see it has not happened?

theres only one liar here

Bubble_and_Squeak

danothy wrote: »

No, the price would have been agreed at exchange of contracts, which was 'probably' one to two weeks before it completed. We've been over this repeatedly. Stop lying to yourself.



Are you suggesting that different houses on the same street should all hold identical values? Are you also suggesting that an asking price is equatable to a value? As the actual sold prices for these houses selling currently are not available to us yet how can we clearly see it has not happened?

according to the LR they should be increasing