So tired of denial of the state of the housing market

Crashy_Time

okborednow wrote: »

I don’t think Niv was suggesting that landlords routinely throw out tenants but more that there is an inherent lack of security in renting. Landlords can choose to end tenancy agreements even if you’ve been a model tenant and paid rent on time every single time. Whereas if you buy a house and pay your mortgage on time every single month then the house is yours for as long as you want it.im sure most of the time if you’re a great tenant then a landlord will want to hang onto you but it’s the always knowing they could end my tenancy if they wanted worried me.

The point I was making is that the insecurity of renting is often over-played, especially on forums where most posters have mortgages, sensible landlords want good long term tenants at a decent rent. The flip side is having to move for work or whatever and not being able to sell the house, or trying to hold out for a fantasy valuation and not being able to sell the house.

Crashy_Time

letitbe90 wrote: »

I believe house prices could be linked to sales volume. When house prices are rising, people like to buy before it goes higher. When house prices are falling, people are less reluctant to buy and would rather wait for it to stop falling. Also, when house prices are falling, people are less likely to sell as they are hoping for prices to bounce back before they sell. A lot of buyers end up going a bit below asking prices during times of price falls, which further antagonises the sellers against selling up.

In a nut shell, prices falling just means that there is less demand, which would mean there is less sales volume.

Prices falling could be the same demand but with less available credit and/or rising interest rates. If the demand for BTL dips (tenants and landlords) that just means more property hitting an already weak market.