Rochester by Election - UKIP will lower house prices

jjlandlord

"I would love to see houses prices fall".

That's easy: As said you just need to sell yours at a discount in order to give "others the same opportunity as you to be a homeowner".

Simple, right?
Or perhaps selling at a discount sounds good only if it applies to others?

I'm also hoping that you are not mortgaged to the max. as I'm not sure your generosity would extend to the prospect of negative equity.

It's not a personal attack.
Anyone in marketing, economics, or politics knows that what people reply when asked a question is quite different from how they actually behave.

wotsthat

ukcarper wrote: »

... it is possible to prefer prices were lower without being prepare to sell your house below the market value.

Of course it is - I suppose it really depends how bothered you are in actively influencing the market.

I bought my last house in the late nineties and it wouldn't bother me greatly if it had just kept pace with general inflation i.e. worth the same now as then. Doesn't mean I'm going to sell it at those prices and nor do I think dramatic market falls would be a good thing either.

Some people do though. I know of at least two sales involving family members where they purchased houses despite not being the highest bidder. In one another potential buyer aggressively made an offer under the asking price and offended the vendor. My family member made an even lower offer but did it in a more sympathetic way. In another the vendor simply wanted the house to go to a nice family rather than an investor.

There's a difference between preferring something to happen and doing something about it.

jjlandlord

ukcarper wrote: »

But it is possible to prefer prices were lower without being prepare to sell your house below the market value.

Yes, and that's precisely what 'hypocrisy' means.

Most of us are hypocrites on some issues.

The-Joker

'House prices will go down if you vote Ukip'

Yes they will, that is why most renters who will never get a foot on the ladder are going to vote UKIP.

But prices will come down again next dip no matter what happens.

Cyberman60

Linton wrote: »

I'm not racist but I wouldnt really want a UKIP voter as a neighbour.

I'd far rather live next to somebody that owns their own home, that's worked hard for what they have, is a net taxpayer, and cares about the future of this country (ie a UKIP voter) than for instance a 'refugee' Somalian family of five on benefits, and thus a Labour/Lib voter. :eek:

ukcarper

jjlandlord wrote: »

Yes, and that's precisely what 'hypocrisy' means.

Most of us are hypocrites on some issues.

I don't agree if I expected other people to sell below market prices and wasn't prepared to myself then that we be hypocritical but just preferring the market price was lower isn't . Let's face it the market value is just that the market value and is determined by market forces not what some people would prefer.

Cyberman60

The-Joker wrote: »

'House prices will go down if you vote Ukip'

Yes they will, that is why most renters who will never get a foot on the ladder are going to vote UKIP.

But prices will come down again next dip no matter what happens.

If prices come down that's good for those wanting to buy !!!

ukcarper

wotsthat wrote: »

Of course it is - I suppose it really depends how bothered you are in actively influencing the market.

I bought my last house in the late nineties and it wouldn't bother me greatly if it had just kept pace with general inflation i.e. worth the same now as then. Doesn't mean I'm going to sell it at those prices and nor do I think dramatic market falls would be a good thing either.

Some people do though. I know of at least two sales involving family members where they purchased houses despite not being the highest bidder. In one another potential buyer aggressively made an offer under the asking price and offended the vendor. My family member made an even lower offer but did it in a more sympathetic way. In another the vendor simply wanted the house to go to a nice family rather than an investor.

There's a difference between preferring something to happen and doing something about it.

I agree and the odd person selling below market price will make no difference as will moaning about prices here.

The-Joker

Cyberman60 wrote: »

If prices come down that's good for those wanting to buy !!!

The UK has a very high ratio of renters to owners at the mo, compared with recent times.

There are too many properties owned by too few people. If prices fsall a long way when UJIP get in, that will be very good for the UK.

Cyberman60

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?

If prices fall, the seller sells at a lower price but can also buy at a lower price. It only a loss if the seller does not buy another house. If he trades up he can actually be better off.

For example, his house falls in value by 20%, so his house which was worth 200,000, he sells for 160,000, and loses 40K.
BUT, the house he buys was 400,000 would now cost 320,000 due to the same 20% drop, so he gains 80K.

So he is 40K better off than he would have been if prices had not dropped !!!!!