London Has Peaked

Bubble_and_Squeak

padington wrote: »

What did Halifax say about London prices, anyone know ?

no' a lo'
don't think they do a regional breakdown

Bubble_and_Squeak

ukcarper wrote: »

Smaller slightly but end of terrace in in better condition.

as good as the £434,950 one (which they can't sell)?

ukcarper

Bubble_and_Squeak wrote: »

as good as the £434,950 one (which they can't sell)?

Prices might be falling or staying the same we don't know but you are just looking for properties that seem to confirm your view and your ability to ignore the fact that not all properties on a street are the same and many things can effect their value shows this.

Bubble_and_Squeak

ukcarper wrote: »

Prices might be falling or staying the same we don't know but you are just looking for properties that seem to confirm your view and your ability to ignore the fact that not all properties on a street are the same and many things can effect their value shows this.

during the first quarter it wasn't possible to find any property with an asking price less than the last sold on the same street no matter how vague the similarities. these examples confirm that an EA can longer make up a price and sell it the same day.

danothy

Bubble_and_Squeak wrote: »

not in this case

Seriously, take a look at yourself. You're arguing that the variations between property asking prices are evidence of falling prices, while the actual sold data where available is indicating otherwise, and the asking prices you are citing are themselves are on aggregate higher than they have been previously. You seem to be hinging your argument on the idea that individual sales should be increasing in perpetuity or else prices aren't rising. Never mind that a cheaper house might rise in price but still go for less than a more expensive one shortly after it. You're also ignoring the asking prices that don't suit your conclusion despite basing your argument on them.

You're just a wet mess with either no real understanding of what you're looking at or a taste for misrepresenting things for your own satisfaction (read: a liar). I suspect a combination of both, if I'm honest.

Bubble_and_Squeak

danothy wrote: »

Seriously, take a look at yourself. You're arguing that the variations between property asking prices are evidence of falling prices, while the actual sold data where available is indicating otherwise, and the asking prices you are citing are themselves are on aggregate higher than they have been previously. You seem to be hinging your argument on the idea that individual sales should be increasing in perpetuity or else prices aren't rising. Never mind that a cheaper house might rise in price but still go for less than a more expensive one shortly after it. You're also ignoring the asking prices that don't suit your conclusion despite basing your argument on them.

You're just a wet mess with either no real understanding of what you're looking at or a taste for misrepresenting things for your own satisfaction (read: a liar). I suspect a combination of both, if I'm honest.

the fact that these asking prices haven't actually sold may be significant.
you shouldn't get so emotional about it
as the nincer would say
"sit back, RELAX, enjoy the show!"

danothy

Bubble_and_Squeak wrote: »

the fact that these asking prices haven't actually sold may be significant.
you shouldn't get so emotional about it
as the nincer would say
"sit back, RELAX, enjoy the show!"

Ah, so now we're down to another "sign" that values are declining, that the listings haven't sold yet. So the absence of data is evidence of your hypothesis in your mind?

Bubble_and_Squeak

danothy wrote: »

Ah, so now we're down to another "sign" that values are declining, that the listings haven't sold yet. So the absence of data is evidence of your hypothesis in your mind?

as ace of base would say "i saw the sign and it opened up my eyes"

Bubble_and_Squeak

this is interesting
we might have a little price war on our hands
http://www.rightmove.co.uk/property-for-sale/property-48583313.html

http://www.rightmove.co.uk/property-for-sale/property-32548737.html

Adam Challis, head of residential research from JLL, also said that improved supply being marketed by estate agents, with some offering 0pc fees to grab market share in an area, had also redressed the imbalance of supply and demand, cooling prices.

foxtons and countrywide share prices firmly in bear territory

looks like a cold winter this year...

danothy

Bubble_and_Squeak wrote: »

as ace of base would say "i saw the sign and it opened up my eyes"

Your 'enlightenment' is in fact a form of self delusion. Your conclusions, whether right or not, are logical non sequiturs.