House Price Crash Discussion Thread

hgllgh

divadee wrote: »

for clarification!!

its not that you cant discuss house price crashes, if you couldnt i wouldnt be giving you a 'discussion thread' would I!!

Its just that on a daily basis thread are started on the same topic, which clutters up the boards. If all the discussion could be kept in one thread it clears up the boards.

A sub board is not really a requirement for this subject, if it was where do you stop? a sub board for buying, selling, renting, BT, crashing, rising markets etc...

there is no censorship going on here, just a matter of keep the boards running smoothly.

" A sub board is not really a requirement for this subject" .... That is quite clearly not the case. You are just going to end up with a HUGH thread with loads of overlapping conversations..... which shows quite clearly the need for a sub board on house prices. This will completely clear up the house price threads from the buying/selling threads. Reluctance to do this will indicate censorship in my view ....

Curv

hgllgh wrote: »

Do Rightmove have the right to censor this factual information?

They have the right to prevent their 'presentation' of the data from being used in a manner they aren't happy with. The same information is available from other sources, albeit in a less-easy-to-interpret format.

By removing their contribution to Property Snake, Rightmove aren't censoring anything, they are just making it harder to get the same information.

Dreaming_Silver

hgllgh wrote: »

So Rightmove banned all of their properties from propertysnake ? That's outrageous! Can they do that? That data(price reduction events) belongs to the public domain. We have a right to know about property price reductions. Surely this breaches the freedom of information act 2000. Do Rightmove have the right to censor this factual information?

Freedom of Information really only applies to the public sector. Rightmove are a private company so can do whatever they like with their information.

Although it does raise questions about why they have suddenly banned it.

WTF?_2

hgllgh wrote: »

So Rightmove banned all of their properties from propertysnake ? That's outrageous! Can they do that? That data(price reduction events) belongs to the public domain. We have a right to know about property price reductions. Surely this breaches the freedom of information act 2000. Do Rightmove have the right to censor this factual information?

They didn't remove them - Propertysnake were told that they could not continue to 'scrape' the data off of the rightmove site.

I guess they didn't feel like testing it in court. This all happened a few months back, by the way. However it did smack of RM trying to do whatever it could to suppress negative news.

WTF?_2

mystic_trev wrote: »

Just as sentiment has driven prices up, sentiment could send them down again. I think it will need several months of negative figures from Haliwide before the market takes a tumble. If it does it'll take more than a few IR reductions to regain confidence, and remember, the Government still need to keep inflation down.

I have to doubt the government's commitment to fighting inflation - they have done everything they can to fiddle the figures with CPI and I'd guess that their priority right now is to keep the economy/house market moving, for the two are inextricably intertwined.

The last time we were heading for a crash (mid 2005), the sudden and unexpected BoE interest rate cut did the trick and paved the way for even more manic property speculation. It remains to be seen if that trick will work a second time. Even if it would work, I think it would be economic suicide in the medium to long term.

Doc_N

!!!!!!? wrote: »

I have to doubt the government's commitment to fighting inflation - they have done everything they can to fiddle the figures with CPI and I'd guess that their priority right now is to keep the economy/house market moving, for the two are inextricably intertwined.

The last time we were heading for a crash (mid 2005), the sudden and unexpected BoE interest rate cut did the trick and paved the way for even more manic property speculation. It remains to be seen if that trick will work a second time. Even if it would work, I think it would be economic suicide in the medium to long term.

Too true - but then, they only need worry about the period up to the next election. They must really be sh***** themselves at the prospect of collapsing house prices in the election run-up!

ivegotabig1

BettiePage wrote: »

Indeed...a self fulfilling prophesy !!!! :eek:

poppy10_2

Running_Horse wrote: »

That does not change the fact Rightmove are not EAs, and make their money from advertising rather than sale commission. Rightmove will do well in any property price crash.

They're not EAs, but they are owned by EAs and get their money from EAs, so they won't want to do anything that upsets EAs - e.g. allowing their data to appear on propertysnake.

worldwheeler

!!!!!!? wrote: »

I have to doubt the government's commitment to fighting inflation - they have done everything they can to fiddle the figures with CPI and I'd guess that their priority right now is to keep the economy/house market moving, for the two are inextricably intertwined.

The last time we were heading for a crash (mid 2005), the sudden and unexpected BoE interest rate cut did the trick and paved the way for even more manic property speculation. It remains to be seen if that trick will work a second time. Even if it would work, I think it would be economic suicide in the medium to long term.

This is TRUE; the government has kept the economy going with securing a rising housing market. This achieves that feel good factor which frees the public to speed more freely. With wages having been nearly stagnant since early this century the government has had to find tricks to continue the rising housing market. It has achieved this by increasing demand. The enlarging EU was a life line and the UK having the lax border controls is not an oversight mistake but a planned policy. Flooding the UK with people has maintained the housing market. There are many thousands of landlords in the UK now all willing to mop up the re-possessions.
If there are signs of a housing recession I would say the government would consider previous tweaking trick of dropping interest rates. Or, with the Bulgarian and Romanian movement restrictions due to be removed, I doubt the government will listen to any public concerns that may keep these limits.

If the rest of Europe leaves Britain and goes home expect a housing crash, otherwise, expect to live in an ever more over-crowded country.

ixwood

http://cgi.ebay.co.uk/APARTMENT-QUAYSIDE-CARRICKFERGUS-Northern-Ireland_W0QQitemZ120171518581QQihZ002QQcategoryZ93847QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

Made me laugh.