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Monday's Rightmove figures show 2.6% fall

2

Comments

  • MikeLondon_3
    MikeLondon_3 Posts: 33 Forumite
    BettiePage wrote: »
    Wouldn't HIPs be a handy thing to blame? Just a thought.

    As to smugness, have you never met a smug BTLer?

    I'm fairly new to this. Just in the process of buying our first property and am getting increasingly nervous with all the talk of crashes etc.

    I suppose I will just have to try to avoid paying attention to the smugness all-round, and try and concentrate on posts that are offering less/un biased information.

    Wouldn't the actual effect of HIPs also be a handy thing to back up the arguement the that property world as we know it is about to implode?

    I don't have a clue as I'm new to this, but just pointing out the opposite point to yourself.:confused:
  • beingjdc
    beingjdc Posts: 1,680 Forumite
    MikeLondon wrote: »

    Anyway, doesn't that report suggest that the sudden downturn this month is due to HIPS... and doesn't that make sense? Wouldn't people who were going to put their houses on the market, put it on before the HIPs came in? Thus, leaving a lull soon after they did come in???

    Just a thought.

    Not really. We're usually being told prices are going up because there's not enough supply. If sellers are holding off, that should push supply down, and prices up...
    Hurrah, now I have more thankings than postings, cheers everyone!
  • southernscouser
    southernscouser Posts: 33,745 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Can I afford a house yet? :)
  • BettiePage
    BettiePage Posts: 4,627 Forumite
    southernscouser wrote: »
    Can I afford a house yet? :)
    Maybe next week??? ;)
    Illegitimi non carborundum.
  • BettiePage
    BettiePage Posts: 4,627 Forumite
    MikeLondon wrote: »

    I don't have a clue as I'm new to this, but just pointing out the opposite point to yourself.:confused:
    Sorry, I didn't realise you were a noob, didn't mean to come across as sarcy either.
    Illegitimi non carborundum.
  • southernscouser
    southernscouser Posts: 33,745 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    BettiePage wrote: »
    Maybe next week??? ;)

    Oooh. I better start bagging up my penny jar for a deposit then! :j
  • andysstuff_2
    andysstuff_2 Posts: 168 Forumite
    Whether it's HIPs or not, and I suspect not, if the banks are going to make it harder to actually borrow money then prices will inevitably fall. Seems to me the days of 5+ times salary mortgages are over and if prople can't borrow silly money they they can't pay silly money.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    If house prices start to fall in the next few months, wise people will blame HIPs. If they'd fallen last year they'd have blamed the drought and high oil prices. If they fall next year then they'll blame the Prince Charles/Trevor McDonald/Mervyn Hughes love triangle scandal.

    IMO, bubbles are unstable and one day they pop. They just do. Nothing burst the dot com bubble (it was gone well before 9/11). Nothing caused the Wall Street Crash in 1929. Nothing caused equities to start falling on the Tokyo stock exchange in the late 80s.

    Exactly the same nothing will cause the UK housing boom to end. A few things will help but people wanting to pay a bit less for a house rather than a bit more will spell the end.
  • Melissa177
    Melissa177 Posts: 1,727 Forumite
    Generali wrote: »
    If they fall next year then they'll blame the Prince Charles/Trevor McDonald/Mervyn Hughes love triangle scandal.


    :eek: :eek:


    You've heard about that one too?
    Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    I heard that Camilla is going to find Merv's 'tash wax on HRH. She puts 2 and 2 together and comes up with Britain's best loved Trinidad born newsreader and Knight.

    Who'da thought?
This discussion has been closed.
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