So tired of denial of the state of the housing market

jimbog

Welcome back!

Crashy_Time wrote: »

https://www.housepricecrash.co.uk/forum/index.php?/topic/232971-no-wonder-rightmove-stopped-updating-the-market-trends-data/

From your link:

Spring numbers, I expect they will creep up

Crashy_Time

jimbog wrote: »

Welcome back!



From your link:

Spring numbers, I expect they will creep up

Thought Spring was the busiest time?


https://chrome.google.com/webstore/detail/property-log/jccihedpilhidcbkconacnalppdeecno

Bass_9

But there's a delay isn't there? The latest data will be at least a few months old, possibly not that long after Christmas where (in my experience) things are only starting to pick up.

51mm5

Sales volume crash is it now crashy? No longer interested in prices?

buggy_boy

51mm5 wrote: »

Sales volume crash is it now crashy? No longer interested in prices?

To be fair he never said what type of crash it would be, have to say I did laugh at the hpc link, the conspiracy that stats were not being updated indicates we have a crash on our hands lol.

tom9980

Why would rightmove or indeed agents care about high prices anyway, they would make more money from higher volumes of sales so surely a true HPC would benefit both in the longer term.

I expect the real reason rightmove stopped updating the data is because nobody was using it or they have decided to update it every 6 months instead. It's a lovely conspiracy theory though.

bluefukurou

I like the interior of the house how you have it and the stairs are great; my Eames lounge chair would fit right in. Congratulation on the offer.

Crashy_Time

51mm5 wrote: »

Sales volume crash is it now crashy? No longer interested in prices?

Putting a price tag on your house isn`t much use if no one will buy it? Sales volumes are a forward indicator of where prices need to be, and the only thing that is keeping all this nonsense afloat now is record low interest rates. It is amusing to see people chanting about how great high prices are as less and less houses sell at those prices, a bit like having a shop full of mars bars that no one wants and standing outside chanting about how much you got for one last month, and how much more they will cost next month :rotfl: Add to this that rising prices make your next move more expensive and it is a classic example of greed ruling people`s thinking.

BrassicWoman

Reds-on-Sea wrote: »

Have received an offer from a kitchen designer! How is that for findingthe right buyer? :-)

hurrah! well done you

ReadingTim

Crashy_Time wrote: »

Putting a price tag on your house isn`t much use if no one will buy it? Sales volumes are a forward indicator of where prices need to be, and the only thing that is keeping all this nonsense afloat now is record low interest rates. It is amusing to see people chanting about how great high prices are as less and less houses sell at those prices, a bit like having a shop full of mars bars that no one wants and standing outside chanting about how much you got for one last month, and how much more they will cost next month :rotfl: Add to this that rising prices make your next move more expensive and it is a classic example of greed ruling people`s thinking.

Similarly, putting a price tag on your potential house isn't much use if no one will sell it to you at that figure. Why prices are where they are is largely irrelevant if things aren't likely to change, and I can't see interest rates surging any time soon. You can only deal with what is happening, not what might have happened, or what should have happened....

House price inflation is indeed a funny beast, but then a crash or even deflation is equally funny - no one wants to sell something for less than what they paid for it, even if the subsequent purchase is correspondingly cheaper. Greed again, but after all, we're not rational economic agents.