11 house hunters for every home on the market

lisyloo

majority of jobs are demand the jobs would move with the people/demand

That's a chicken and egg situation.
I'm not going to move my job becuase (say) it's in a London based government department, so all the coffee/bar/restaurant/cinema/shop jobs that it supports aren't going to move either.
I have NO argument with businesses moving away from London. I can't make it happen though.

Crashy_Time

https://forums.moneysavingexpert.com/discussion/comment/69258092#Comment_69258092

Mistermeaner

Crashy_Time wrote: »

https://forums.moneysavingexpert.com/discussion/comment/69258092#Comment_69258092

Someone has overpriced their house? What's your point.

How's your flat too? I'm sitting on a huge pile of equity that keeps getting bigger :money:

mwpt

Mistermeaner wrote: »

Someone has overpriced their house? What's your point.

How's your flat too? I'm sitting on a huge pile of equity that keeps getting bigger :money:

What are you planning on doing with that equity? Moving to a cheaper country? Down-sizing?

Mistermeaner

Retiring to Thailand at the age of 45

System

What does "Eleven house hunters for every property" mean?

That eleven people have expressed an interest in any one house?
Of course they have - and in a dozen others too. That's what people looking for things do - they start with a long list and whittle it down to a shortlist.

Or does it mean that eleven people were there at the final count, battling with each other and thrusting ever-bigger wads of money at the joyful sellers?

wotsthat

mwpt wrote: »

What are you planning on doing with that equity? Moving to a cheaper country? Down-sizing?

Monetise the HPI by selling and doing whatever they want with the money?

That solves the "haha equity isn't cash" problem but to solve the "but you've got to live somewhere" problem the newly monetised HPI could be used to pay the rent for a while (maybe whilst awaiting the crash).

Or just gaze upon it.

What could a renter of the same house do with the equity?

mwpt

wotsthat wrote: »

Monetise the HPI by selling and doing whatever they want with the money?

That solves the "haha equity isn't cash" problem but to solve the "but you've got to live somewhere" problem the newly monetised HPI could be used to pay the rent for a while (maybe whilst awaiting the crash).

Or just gaze upon it.

What could a renter of the same house do with the equity?

But isn't this a miserable mentality? Sounds very spiteful to me. "Ha ha, stupid renter hasn't made any equity on a house" (ignoring they may have used the huge deposit money for a business or other investment). But the fact is, unless you actually ARE planning on selling up your single property and perhaps retiring to another cheaper country, that increase in equity is pointless to you, and detrimental to other people. I'm no socialist but that's just spiteful economics.

EDIT: You can gaze upon your house no matter what has happened to the price.

Mistermeaner

but renting is better according to some

Crashy_Time

Mistermeaner wrote: »

Someone has overpriced their house? What's your point.

How's your flat too? I'm sitting on a huge pile of equity that keeps getting bigger :money:

http://www.housepricecrash.co.uk/forum/index.php?/topic/203556-are-the-shires-crashing/page-71