When a listing just sit there with no reduction and no sale

MobileSaver

Diocletian_II wrote: »

There seem to be a fair few people here who cannot handle any mention of the stagnant state of the property market.

Are these the same people as the fictitious "perma prop bulls" that also only exist in your head?

hazyjo

Diocletian_II wrote: »

There seem to be a fair few people here who cannot handle any mention of the stagnant state of the property market. A tell tale sign of anxiety.

Really? Haven't noticed them. Me along with most have been saying for years it's static or has fallen (and predicted as much when the word Brexit was very first mentioned).

Certainly not anxious. Would be more than happy for prices to drop significantly.

markin

Nationwide latest house price index reports
Little change in UK house price growth in August

• Annual house price growth remained subdued at 0.6%
• Prices unchanged month-on-month, after taking account of seasonal factors

View our August press release


UK house price growth remained subdued in July

Slight slowing in the rate of annual house price growth to 0.3%
Modest 0.3% month-on-month rise, after taking account of seasonal factors

View our July press release

System

hazyjo wrote: »

Really? Haven't noticed them. Me along with most have been saying for years it's static or has fallen (and predicted as much when the word Brexit was very first mentioned).

Certainly not anxious. Would be more than happy for prices to drop significantly.

I am not talking about you.

System

markin wrote: »

Nationwide latest house price index reports
Little change in UK house price growth in August

• Annual house price growth remained subdued at 0.6%
• Prices unchanged month-on-month, after taking account of seasonal factors

View our August press release


UK house price growth remained subdued in July

Slight slowing in the rate of annual house price growth to 0.3%
Modest 0.3% month-on-month rise, after taking account of seasonal factors

View our July press release

I wonder why you are so keen to combat any suggestion the housing market is stagnant. It is normally the preserve of estate agents or BTL landlords to get so wrapped up in the housing market, like their lives depended on its health.

System

MobileSaver wrote: »

Are these the same people as the fictitious "perma prop bulls" that also only exist in your head?

You talk about it in the same way a hedge fund manager would use to talk his book. I therefore take it you are an investor talking his book.

lookstraightahead

The thing is, the seller has been sold a dream that he is already living. Someone has told him his house is worth £X and that was probably a nice surprise, like a windfall. He then started imagining what to do with this money. While the house is still on the market at that price he can still dream. If he reduces it, his dream is taken away. So he carries on dreaming. And has been dreaming for so long it's his reality which stops him listening to reason.

System

lookstraightahead wrote: »

The thing is, the seller has been sold a dream that he is already living. Someone has told him his house is worth £X and that was probably a nice surprise, like a windfall. He then started imagining what to do with this money. While the house is still on the market at that price he can still dream. If he reduces it, his dream is taken away. So he carries on dreaming. And has been dreaming for so long it's his reality which stops him listening to reason.

I think you are right. The estate agent gives the seller an over-valuation. The seller does not realise it is an over-valuation intended purely for the estate agent to win the listing against his rivals, and the seller wants to believe the over valuation. In his head, the seller then spends the (non-existent) money, and then finds it too difficult to adjust to the reality that nobody is giving him that money. He prefers to live in an imaginary world were he is out spending all that imaginary money.

MobileSaver

Diocletian_II wrote: »

You talk about it in the same way a hedge fund manager would use to talk his book. I therefore take it you are an investor talking his book.

You talk about it in the same way as a nutjob who has escaped from the HPC asylum. I therefore take it you are a nutjob who has escaped from the HPC asylum.

If I am wrong then please clarify exactly who the "perma prop bulls" and "fair few people here who cannot handle any mention of the stagnant state of the property market" are and proof that they are what you say they are. Or are you just making things up again?

System

MobileSaver wrote: »

You talk about it in the same way as a nutjob who has escaped from the HPC asylum. I therefore take it you are a nutjob who has escaped from the HPC asylum.

If I am wrong then please clarify exactly who the "perma prop bulls" and "fair few people here who cannot handle any mention of the stagnant state of the property market" are and proof that they are what you say they are. Or are you just making things up again?

Oooh, the professional property investor is getting in a tizzy and throws insults because someone dares to say something negative about his precious property market.