London Has Peaked

Mallotum_X

Bubble_and_Squeak wrote: »

ok, i included an anecdote and some creative writing (which i clearly labeled as such) for levity
doesn't change the following facts:
supply has increased
percentage of asking price achieved has decreased
time on the market has increased

Yes you did label it as such, but you also started the post by saying this was the evidence you for the peak.

Supply increasing, time on market and % of asking price achieved, currently you are presenting as assertions rather than backed up - im not particularly doubting any of these points but to state fact without a link/evidence does detract from the quality of the point made.

Also those points by them selves dont actually provide any evidence for falling prices. Asking price compared to selling price can be simply an example of over ambitious estate agents in a rising market, the ambitions rising faster then reality, but in itself doesnt prove anything.

Do you want to try again with the evidence of peak rather than anecdotes and creative writing?

Bubble_and_Squeak

Mallotum_X wrote: »

Yes you did label it as such, but you also started the post by saying this was the evidence you for the peak.

Supply increasing, time on market and % of asking price achieved, currently you are presenting as assertions rather than backed up - im not particularly doubting any of these points but to state fact without a link/evidence does detract from the quality of the point made.

Also those points by them selves dont actually provide any evidence for falling prices. Asking price compared to selling price can be simply an example of over ambitious estate agents in a rising market, the ambitions rising faster then reality, but in itself doesnt prove anything.

Do you want to try again with the evidence of peak rather than anecdotes and creative writing?

you're coming like danny boy!
anyway,
a peak is not only about money
its one piece of the puzzle
what i'm trying to get across here is that the dynamic between supply and demand shifted sometime around april.

padington

Bubble_and_Squeak wrote: »

you're coming like danny boy!
anyway,
a peak is not only about money
its one piece of the puzzle
what i'm trying to get across here is that the dynamic between supply and demand shifted sometime around april.

Those goal posts must be hurting your shoulders by now.

wotsthat

Bubble_and_Squeak wrote: »

you're coming like danny boy!
anyway,
a peak is not only about money
its one piece of the puzzle
what i'm trying to get across here is that the dynamic between supply and demand shifted sometime around april.

Ahh.. the long troll strategy.

Nice work.

MobileSaver

Bubble_and_Squeak wrote: »

supply has increased- that is a fact

Bubble_and_Squeak wrote: »

http://www.rightmove.co.uk/house-prices-in-my-area.html
N4, N8, N9, N13, N14, N15, N17, N18, N22, E4, E7, E10, E11, E12, E15, E17

That link shows supply decreased last month in N4! :rotfl:

Similarly for N9, supply for both August and September was less than July! :T

Regardless, that's not evidence, that's cherry-picking. Rightmove's aggregated "average properties per estate agent" confirms that in fact supply has been decreasing since June.

http://www.rightmove.co.uk/news/house-price-index/national-trends-21

padington

MobileSaver wrote: »

That link shows supply decreased last month in N4! :rotfl:

Similarly for N9, supply for both August and September was less than July! :T

Regardless, that's not evidence, that's cherry-picking. Rightmove's aggregated "average properties per estate agent" confirms that in fact supply has been decreasing since June.

http://www.rightmove.co.uk/news/house-price-index/national-trends-21

Haringey up 3.9% in September, not bad at all.

http://www.rightmove.co.uk/news/house-price-index/london-trends-21

officeuk

Prices need to be higher so that everyone can afford to buy!

chucknorris

officeuk wrote: »

Prices need to be higher so that everyone can afford to buy!

'Everyone' there I suggest lies your misunderstanding of the system, not 'everyone' will be able to afford to buy, although there will be those that think that they should be able to, hence long bloody threads about why prices are falling or peaked (when they aren't) or should be, blah, blah. blah.

Bantex_2

chucknorris wrote: »

'Everyone' there I suggest lies your misunderstanding of the system, not 'everyone' will be able to afford to buy, although there will be those that think that they should be able to, hence long bloody threads about why prices are falling or peaked (when they aren't) or should be, blah, blah. blah.

Seems a bit skewed when many can pay rents long term which are higher than a mortgage would be on the same property.

chucknorris

Bantex wrote: »

Seems a bit skewed when many can pay rents long term which are higher than a mortgage would be on the same property.

Not really, there's a lot more to buying than merely meeting the monthly mortgage, otherwise a lot more would buy. Also some may pay the rent with benefits.