Ridiculous listing prices

Mickey666

First you argue that many landlords don't have a mortgage and now you're arguing that they do.  Seems that consistency is not one of your big things

The basic reality is that landlords are in the business of renting out property and if they can't make an adequate return on their capital in that property then they will either sell up and take their capital elsewhere or they will fail and go bust.

MobileSaver

Crashy_Time said:

MobileSaver said:

GDB2222 said:

MobileSaver said:

3) Actual sold, so how do you explain actual sold prices increasing by 6% if we are in the "biggest downturn in living memory"?

Prices ended 2020 up 6% on the previous year

Unless the 6% is adjusted for the type of property, it could be misleading.

I agree in principle but even then, pretty much whichever way you slice the pie, it would appear to contradict the "biggest downturn in living memory" claim.

I said the economy is in the biggest downturn in living memory, and you agreed! No idea what there could be to argue about TBH?

Crossed purposes; you didn't actually say what you thought you said. Most people here thought you were talking about the property market being in the biggest downturn which didn't make sense, you didn't say you meant the economy...

No doubt compounded because at the same time you also repeated your false "people who couldn't afford bigger properties with bigger gardens then certainly can`t afford it now" claim which also didn't make sense when there's ample evidence to the contrary.

MobileSaver

Crashy_Time said:

Getting_greyer said:

OK. If lenders are more careful with who they lend to, it assumes higher earners are proportionaly more prevalent in the buyer market. do you see a scenario where "nicer" homes increase but 1 bed flats are decrease? Notwithstanding location. 

No, I think lenders will be doing a lot of "down-valuation" going forward, to protect themselves basically.

Do lenders ever do "over-valuations"?

SpiderLegs

Mickey666 said:

First you argue that many landlords don't have a mortgage and now you're arguing that they do.  Seems that consistency is not one of your big things

The basic reality is that landlords are in the business of renting out property and if they can't make an adequate return on their capital in that property then they will either sell up and take their capital elsewhere or they will fail and go bust.

Rents are apparently sky high while interest rates are emergency-level low, yet according to crashy many (?) landlords are loss making or barely breaking even.

how that scenario arises god only knows, but in crashy’s mind it has. I bet his own landlord isn’t barely breaking even after having 15 years of crashy’s money chucked in their direction.

Getting_greyer

Crashy, might also be sat earning a passive income from a pile of investments? Or he may not, in which case you're just laughing at his potential misfortune.

Mickey666

Getting_greyer said:

Crashy, might also be sat earning a passive income from a pile of investments? Or he may not, in which case you're just laughing at his potential misfortune.

I'd be delighted if he is, because I wouldn't want to wish any misfortune on anyone, but in Crashy's case it seems more like being misguided rather than misfortune.  Perhaps if he were to share his future goals and his strategy to achieve them it might help us understand his motivation.

Crashy_Time

MobileSaver said:

Crashy_Time said:

Getting_greyer said:

OK. If lenders are more careful with who they lend to, it assumes higher earners are proportionaly more prevalent in the buyer market. do you see a scenario where "nicer" homes increase but 1 bed flats are decrease? Notwithstanding location. 

No, I think lenders will be doing a lot of "down-valuation" going forward, to protect themselves basically.

Do lenders ever do "over-valuations"?

Well they certainly used to, or else we wouldn`t be where we are?