Rochester by Election - UKIP will lower house prices

Graham_Devon

jjlandlord wrote: »

What is a 'landlord mindset'?

The nonsense you wrote above that sentence.

BTW, most people sell below the valuation. It does not mean prices on index's fall, however.

Linda_D_2

Graham_Devon wrote: »

There are a few homeowners on this small section of the forum who want house prices to fall.

Absolutely. i know my house is extremely overpriced and would love to see house prices fall so others get the same opportunity as me to be a homeowner.

MobileSaver

Graham_Devon wrote: »

you'll find there are lots of worried parents who want house prices to fall as it would be beneficial for their children.

There are many, many more parents who want prices to rise or stay the same as it would be beneficial for their children.

wotsthat

Graham_Devon wrote: »

That creates the market price.

Your house is only worth what the buyer will (and can) pay.

Not sure why this has turned into a personal atack all of a sudden.

I know what the market price is - I just had to explain it to you and tell you why both sides of the transaction aren't targeting market price at all. 50% want to achieve 'top dollar' and 50% 'rock bottom'.

It wasn't a personal attack by the way. Simply pointing out the irony of someone loudly claiming the market price is too high but being unwilling to sell their house at a figure below this.

I'm not quite sure how you think the market price will ever get lower if no one sells a house for less than the current market value.

Generali

wotsthat wrote: »

I know what the market price is - I just had to explain it to you and tell you why both sides of the transaction aren't targeting market price at all. 50% want to achieve 'top dollar' and 50% 'rock bottom'.

It wasn't a personal attack by the way. Simply pointing out the irony of someone loudly claiming the market price is too high but being unwilling to sell their house at a figure below this.

I'm not quite sure how you think the market price will ever get lower if no one sells a house for less than the current market value.

Pretty much everything is a personal attack for GD.

TickersPlaysPop

wotsthat wrote: »

I know what the market price is - I just had to explain it to you and tell you why both sides of the transaction aren't targeting market price at all. 50% want to achieve 'top dollar' and 50% 'rock bottom'.

It wasn't a personal attack by the way. Simply pointing out the irony of someone loudly claiming the market price is too high but being unwilling to sell their house at a figure below this.

I'm not quite sure how you think the market price will ever get lower if no one sells a house for less than the current market value.

Are you being serious?

If demand falls, people will have no choice but to put the price down if they want to sell. If has nothing to do with people paying more or less than market value. The property market can reduce in value at the same time as people paying the market value of the market value itself decreases?

wotsthat

TickersPlaysPop wrote: »

Are you being serious?

If demand falls, people will have no choice but to put the price down if they want to sell. If has nothing to do with people paying more or less than market value. The property market can reduce in value at the same time as people paying the market value of the market value itself decreases?

The only way for the market value to reduce is for buyers and sellers to agree to transact for prices lower than the current market value.

There are a number of reasons why they might do this. It seems that someone proclaiming prices are simply too high and selling at what they think is the correct price isn't one of those reasons.

ukcarper

wymondham wrote: »

nope, it definitely existed, I remember it very well!

There was a short time in 90s when they were but that was not average earnings per say it was average male full time.

ukcarper

Linda_D wrote: »

Absolutely. i know my house is extremely overpriced and would love to see house prices fall so others get the same opportunity as me to be a homeowner.

I certainly would not have minded if prices hadn't increased as much as they have and would be quite happy if they stayed as they are now or maybe fall slightly but I certainly would want to see a crash as this would have a very bad effect on people who have bought since the boom started.

ukcarper

wotsthat wrote: »

I know what the market price is - I just had to explain it to you and tell you why both sides of the transaction aren't targeting market price at all. 50% want to achieve 'top dollar' and 50% 'rock bottom'.

It wasn't a personal attack by the way. Simply pointing out the irony of someone loudly claiming the market price is too high but being unwilling to sell their house at a figure below this.

I'm not quite sure how you think the market price will ever get lower if no one sells a house for less than the current market value.

I'm going to do something I don't do very often in fact I'm not sure I've done it before. But it is possible to prefer prices were lower without being prepare to sell your house below the market value.