Is it reasonable for us to drop our asking price given current climate?

Crashy_Time

MobileSaver said:

Crashy_Time said:

Has anyone got a good reason for why expensive housing benefits ordinary people? I don`t think I have heard anything vaguely plausible so far......

What an odd question to ask! We live in a market economy so the price is what it is based on fundamental supply and demand factors; whether it is a benefit or detriment to "ordinary people" doesn't come in to it.

What effect would you see from say 80% LTV as a max loan going forward, or the withdrawal of HTB?

Getting_greyer

Prices reduction for houses and an increase in rents. 

dani17

MobileSaver said:

Crashy_Time said:

Has anyone got a good reason for why expensive housing benefits ordinary people? I don`t think I have heard anything vaguely plausible so far......

What an odd question to ask! We live in a market economy so the price is what it is based on fundamental supply and demand factors; whether it is a benefit or detriment to "ordinary people" doesn't come in to it.

the housing market is very particular IMO.  we already know that there is a huge demand but it is all about affordability now . and affordability is all about bank strategy, gov helping scheme . thats why a simple reduction of LTV accepted by banks  will be enough to send the market down. 

Splatfoot

Those posters that are obsessed with prices going down, why did you not buy in the months/years after 2008? When there was actually a house price reduction? I'd be interested to know. 

MobileSaver

Crashy_Time said:

MobileSaver said:

What an odd question to ask! We live in a market economy so the price is what it is based on fundamental supply and demand factors; whether it is a benefit or detriment to "ordinary people" doesn't come in to it.

What effect would you see from say 80% LTV as a max loan going forward, or the withdrawal of HTB?

Another odd question! Demand would go down, were you expecting a different answer?!?!

[Deleted User]

abanksee said:

graphs said:

Completely reasonable.

What you are hearing on here is selfish home-owners and landlords with portfolios telling you to overpay. They are desperate for house prices not to fall.

They have zero interest in giving you money saving advice on this money saving website. Bear this in mind. This is your money going down the drain, not theirs.

This should be a sticky comment on the forum header!

Are you working in a team?

abanksee

brett19852010 said:

abanksee said:

graphs said:

Completely reasonable.

What you are hearing on here is selfish home-owners and landlords with portfolios telling you to overpay. They are desperate for house prices not to fall.

They have zero interest in giving you money saving advice on this money saving website. Bear this in mind. This is your money going down the drain, not theirs.

This should be a sticky comment on the forum header!

Are you working in a team?

Just dont see how there can be any debate that prices will drop. The question is how much and how fast. I dont expect 12+ but its nonsense to tell people they wont drop on a money saving website surely?

Linton

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

Has anyone got a good reason for why expensive housing benefits ordinary people? I don`t think I have heard anything vaguely plausible so far......

What an odd question to ask! We live in a market economy so the price is what it is based on fundamental supply and demand factors; whether it is a benefit or detriment to "ordinary people" doesn't come in to it.

What effect would you see from say 80% LTV as a max loan going forward, or the withdrawal of HTB?

House prices are set at the level at which there are just enough people who can afford to buy all the houses available.  If there was an 80% LTV limit and/or the withdrawal of HTB then fewer people would be able to buy at the current prices, so prices would fall.

But that would not provide any net benefit in making houses more affordable, exactly the same number of people would not be able to afford a house as now.  Changing the rules just changes who those people are.

Linton

abanksee said:

brett19852010 said:

abanksee said:

graphs said:

Completely reasonable.

What you are hearing on here is selfish home-owners and landlords with portfolios telling you to overpay. They are desperate for house prices not to fall.

They have zero interest in giving you money saving advice on this money saving website. Bear this in mind. This is your money going down the drain, not theirs.

This should be a sticky comment on the forum header!

Are you working in a team?

Just dont see how there can be any debate that prices will drop. The question is how much and how fast. I dont expect 12+ but its nonsense to tell people they wont drop on a money saving website surely?

There is no point in having a debate about the unknowable.  In a year's time prices may have fallen or they may have risen. It doesnt actually matter very much, whatever happens much the same large number of people wont be able to afford one.

[Deleted User]

abanksee said:

brett19852010 said:

abanksee said:

graphs said:

Completely reasonable.

What you are hearing on here is selfish home-owners and landlords with portfolios telling you to overpay. They are desperate for house prices not to fall.

They have zero interest in giving you money saving advice on this money saving website. Bear this in mind. This is your money going down the drain, not theirs.

This should be a sticky comment on the forum header!

Are you working in a team?

Just dont see how there can be any debate that prices will drop. The question is how much and how fast. I dont expect 12+ but its nonsense to tell people they wont drop on a money saving website surely?

The whole landlord with portfolios rhetoric is in his head and not reflective of the balanced views of most people on here.
There cannot be any debate that house prices will drop. That forum is closed.