Mortgage valuation has under valued

Crashy_Time

MobileSaver wrote: »

Just to be clear, in the five years since you joined this site, house prices have gone up 14% and transaction levels have remained flat at 100,000 every month... exactly how does that indicate a market falling apart or does it in fact simply indicate the only one in denial is you?



That is your problem, you are so desperate for a property crash that you are simply unable to take a step back and consider what is happening rationally. Instead you pick up on the slightest irrelevant detail, ignore anything that contradicts your warped view and come to the flawed conclusion that Armageddon is definitely about to happen this time.

The inescapable fact is that while you and your HPC nutjobs convince yourselves that the end is nigh for property, over a hundred thousand people just get on with their lives and buy a home to live in, month after month after month.

In that case can you tell us a postcode where transactions are doing well? Average price means nothing if you can`t get a sale, and you are surely not going to argue on a money saving site that high house prices are good for buyers!

MobileSaver

Crashy_Time wrote: »

In that case can you tell us a postcode where transactions are doing well? Average price means nothing if you can`t get a sale

Correct so it is a good job that over 100,000 property sales took place last month! So that might well be 100,000 postcodes doing well. Just think about that for a second, not just a few but over one hundred thousand sales.

HMRC September 2019 Property Transactions

You just don't get it do you? While month after month, year after year, you keep telling everyone it's "Crashy Time" the rest of the country just gets on with their life. This year alone over 1 million people bought a property while you and a handful of HPC nutjobs try and convince yourselves there'll be a 50% price crash by Christmas. :rotfl:

Crashy_Time

newsgroup_monkey wrote: »

MobileSaver, save yourself some stress, block them. Makes this forum much easier to read.

With some posters the stress comes from the reality of falling transactions and asking prices, the market is an obvious bubble, but as they like to "police" and undermine those sorts of discussions, they tend not to block people.