Hang on or sell?

kinger101

Crashy_Time wrote: »

When the US is raising rates and we are about to Brexit you would need to be pretty entrenched in your beliefs to think that things can continue as they have been? It is cause and effect, home owners on forums have been cheering the attempts by the PTB to keep asset prices afloat, thinking that they are somehow protected, but this intervention has caused political effects that will eventually make the property and economic collapse much worse, it would have been better for all of us if they had let some banks go and let the property market correct itself in`08 IMO. We would have been well out of the woods by now instead of still lost in them.

I'm not entrenched in any beliefs. I'd be happy for prices to soften a bit. Makes my next move easier. I'm not the one looking for confimation bias. I don't spam this threads with silly reports about Aberdeen being down 2% once month, of Chelsea not being what is was.

sparky130a

Crashy_Time wrote: »

When the US is raising rates and we are about to Brexit you would need to be pretty entrenched in your beliefs to think that things can continue as they have been? It is cause and effect, home owners on forums have been cheering the attempts by the PTB to keep asset prices afloat, thinking that they are somehow protected, but this intervention has caused political effects that will eventually make the property and economic collapse much worse, it would have been better for all of us if they had let some banks go and let the property market correct itself in`08 IMO. We would have been well out of the woods by now instead of still lost in them.

Entrenched? Coming from you?!

Behave yourself.

Crashy_Time

kinger101 wrote: »

I'm not entrenched in any beliefs. I'd be happy for prices to soften a bit. Makes my next move easier. I'm not the one looking for confimation bias. I don't spam this threads with silly reports about Aberdeen being down 2% once month, of Chelsea not being what is was.

Aberdeen is down a lot more than 2%, just ask Hamish.

Crashy_Time

sparky130a wrote: »

Entrenched? Coming from you?!

Behave yourself.

So no effect on UK property from Trump/Brexit/Rate Raising ....righty ho.........:)

brit1234

Its very complicated to predict when house prices are going to crash, there are so many factors and possible interventions to try to stop it.

What we do know is debt levels and the market is about 2008 levels when the last one temporary happened till all the bail outs. We know London is seeing continuous falls and these ripples are starting to head outwards. However the commuter towns round London as well as Birmingham and Manchester are booming.

The crash may happen 2017 or 18, prices are so overvalued in south but in some parts of the country haven't recovered from last one.

We know purchase numbers have collapsed, I guess we will know when the crash is here when the commuter towns start to show falling, but there is always a delay in the figures by a few months.

ScoobyZ

Property Market needs first time buyers,high levels last year and a case of supply and demand. Supply is still low so should continue to slowly rise.

But no one really knows.

sparky130a

ScoobyZ wrote: »

Property Market needs first time buyers,high levels last year and a case of supply and demand. Supply is still low so should continue to slowly rise.

But no one really knows.

I haven't a scooby what the hell you're on about...

ScoobyZ

typing on my iPad. This might explain it better:


House prices continued to climb last year, supported by a mismatch in the supply and demand of homes. In fact, property values increased at their fastest rate for a year in December, adding nearly £1,000 to the cost of the typical home, according to the most recent figures from Nationwide.
Read more at http://www.zoopla.co.uk/discover/property-news/house-prices-cover-cost-of-commute-by-zoopla/#4b4xAAIW8PBUxGWQ.99

kinger101

ScoobyZ wrote: »

typing on my iPad. This might explain it better:


House prices continued to climb last year, supported by a mismatch in the supply and demand of homes. In fact, property values increased at their fastest rate for a year in December, adding nearly £1,000 to the cost of the typical home, according to the most recent figures from Nationwide.
Read more at http://www.zoopla.co.uk/discover/property-news/house-prices-cover-cost-of-commute-by-zoopla/#4b4xAAIW8PBUxGWQ.99

You can't rely on a single month's data - even with large dataset like Nationwide's. There's too much noise. Ideally you should look at moving averages of at least three periods. Yes, house prices still seem to be climbing, albeit at a slower rate than a year ago.

Zoopla is just asking prices. I'd like lobster for breakfast, but it will probably be porridge.

Crashy_Time

kinger101 wrote: »

You can't rely on a single month's data - even with large dataset like Nationwide's. There's too much noise. Ideally you should look at moving averages of at least three periods. Yes, house prices still seem to be climbing, albeit at a slower rate than a year ago.

Zoopla is just asking prices. I'd like lobster for breakfast, but it will probably be porridge.

Well put.:money: