London Has Peaked

padington

Bubble_and_Squeak wrote: »

ignorance is bliss.
and orient are winning!

People read these threads and sometimes there are real life consequences.

Take some responsibility you fricking daft tw*t.

Bantex_2

padington wrote: »

People read these threads and sometimes there is real life consequences.

Take some responsibility you fricking daft tw*t.

What are these consequenses?

padington

Bantex wrote: »

What are these consequenses?

The worst outcome is you end up talking dribble for years of your life and put the life chances of your family and others back decades whilst looking like a mug and eventually have to drop your avatar out of shame and humiliation.

MobileSaver

MobileSaver wrote: »

So on that basis do you believe that the ONS figures are fundamentally and materially wrong?

Bubble_and_Squeak wrote: »

did they lose the other 30-35% just like they lost the £11bn tax receipts?

No, the data simply doesn't include some mortgages such as buy-to-let, further advances and around 10% of niche mortgage providers.

So do you believe that the ONS figures are fundamentally and materially incorrect?

danothy

MobileSaver wrote: »

No, the data simply doesn't include some mortgages such as buy-to-let, further advances and around 10% of niche mortgage providers.

So do you believe that the ONS figures are fundamentally and materially incorrect?

Don't hold your breath for an answer. I'm still waiting to hear how 'madness' is measured in the market, because apparently there's less of it since its peak April.

lisyloo

I'm still waiting to hear how 'madness' is measured in the market, because apparently there's less of it since its peak April.

On a serious note can't time on the market be measured? and also % of asking price acheived.
This can at least tell us whether it's a "buyers" market or a "sellers" market.

padington

lisyloo wrote: »

On a serious note can't time on the market be measured? and also % of asking price acheived.
This can at least tell us whether it's a "buyers" market or a "sellers" market.

In London last year we had 15 buyers competing for every one house, now we have 8, that's a pretty good marker for how much of a sellers or buyers market we have.

I'm sure historically there has been times when there were more sellers than buyers, that's clearly not the case at the moment.

Bubble_and_Squeak

padington wrote: »

People read these threads and sometimes there are real life consequences.

Take some responsibility you fricking daft tw*t.

when i first starting mucking about on this site about 3 months ago hamish was telling people it was a good time to buy and was getting "thanked" for his troubles by the bulls.
since then we've seen supply increase, time to sell increase, demand decrease and percentage of asking price achieved decrease.
someone reading this bull nonsense back then may well have ended up with a huge debt on a property they didn't want but felt compelled to buy so they wouldn't miss the boat.
well, the boat is still firmly anchored in port.

Bubble_and_Squeak

danothy wrote: »

Don't hold your breath for an answer. I'm still waiting to hear how 'madness' is measured in the market, because apparently there's less of it since its peak April.

looks like you didn't attend any open days in april

Bubble_and_Squeak

padington wrote: »

In London last year we had 15 buyers competing for every one house, now we have 8, that's a pretty good marker for how much of a sellers or buyers market we have.

I'm sure historically there has been times when there were more sellers than buyers, that's clearly not the case at the moment.

if there are really 8 buyers to every seller why is supply increasing and why are over 28% of prices being reduced in my areas of interest?