Buyers want to reduce price of house - house valuation gone up.

gingercordial

martindow said:

julicorn said:

Another amusing example of a person defending that position pretty unsuccessfully:

Not to mention licence.

I think the battle regarding the use of their to avoid the awkwardness of he/she or his/her is well on the way to being lost.  Language changes and now very few people worry about split infinitives or whether to use shall or will to form the future tense, for instance.

To be fair, I think the Twitter user is American, and they do spell the noun form as "license" over there.

newsgroupmonkey_

TonyTeacake said:

newsgroupmonkey_ said:

seradane said:

That doesn't mean they're a member of the HPC brigade!

I didn't say he WAS Crashy, I said he sounded like it.

I get that we all need to be careful, but constantly telling people that their houses are overvalued, or that a slump is about to happen or just because they paid less than the asking price (which is highly unusual in this market) is very, very tiring.

We could all be like the Daily Express idiots that forecast snow next week, but realistically, all we have to work with is the here and now. Right now, in most areas of the country, any house priced remotely reasonably will sell very, very quickly. There is a massive lack of stock.

I didn't say he WAS Crashy, 
I have no idea who Crashy is and I am not offended at all if you call me Crashy even though I do think a crash is coming.

I have just voiced my personal opinion about what could happen not just in the property market but also in the economy. 
Some people may agree with me and I'm sure some will not only time will tell.

There is a massive lack of stock.
I believe this is temporary and down to a lot of people wanting to move or relocate especially during the pandemic so why did we not see this happen prepandemic. I know some people are going to say now we have people coming from Hong Kong so I will answer this one for you now. I am fully aware of this although I can't say how many actually come in it depends where you get your info from. Maybe the first wave was the wealthier ones who could move quicker, we will have to see how many more do actually come but let us not assume they all of pots of cash and jobs to walk straight into although I am sure some do have. Also let's not forget we had an estimated 146,000 EU nationals left the UK in 2020 plus about another 50,000 non EU's to and unfortunately we also lost a lot of people due to covid. 

I will also throw in there are currently 850,000 people on tracker rates, which is down from 900,000 at the end of last year. Around 26 per cent of mortgages were on variable rates. With everything else happening this is a recipe for disaster.

OK, let's put some context around this then.

Crashy was (is?) a member here who has been predicting a HPC since the early 2000s. In fact, so much so, that they sold their place and moved into a bedsit and crowed about the predicted crash. It occurred mildly in 2008 due to the banking crisis before prices went stratospheric to the point we are at now.

As it stands, there are a number of issues right now which are keeping the market buoyant.

Lack of stock. You've questioned it above. I'm selling right now on the border of Herts, Beds and Bucks. There are virtually no houses to buy under £500k that isn't either overpriced or something wrong with it. Many properties don't make RightMove or get a for-sale board. There are buyers queueing up to buy them.

I'm looking to buy in Hampshire / East Dorset / West Sussex. That's a huge area to be looking in I hear you say.

Yes, that's because there's nothing to buy (see above). I have a RM search going on where I've never had more than 3 properties in one email and I don't get them every day.

My wife works in the business and it's her job to understand valuations and stock. This is common throughout many areas of the country.

150,000 people did leave the UK for the EU back in 2019. However, net migration is still increasing (sorry Racist Brexiteers, your "white Europeans" are being replaced by Asian and Africans that you particular detest. I find this highly amusing).

To back this up (I'm not making it up)

https://www.ons.gov.uk/peoplepopulationandcommunity/populationandmigration/populationprojections/methodologies/nationalpopulationprojectionsmigrationassumptions2020basedinterim

In addition, our population is getting older as well as bigger. More single and childless people buying property.

Wages are going up.

And then just to add to this, the Government keep coming up with schemes to keep this wheel turning (stamp duty holidays, FTB loans, "affordable housing"). There are plenty of games left for them to play too.

So no, I'm not saying there won't be a dip, but even if there's a recession, I don't foresee a crash. Expectations for 2021 is that the average house will increase by £20k.

TripleH

@julicorn it's taken me this long to master English, my brain hurts when it sees something that it says doesn't look right. I think it was a newspaper article I read about Sam Smith that didn't make sense when I read it.

Although it does make some sense to recycle words than create a new one. 

Lavendyr

GUZZI81 said:

I apologise in advance I'm dyslexic, we  placed a  property for sale on a Wednesday and accepted  the asking price  on the Monday  basically because  its to a cash buyer  no chain involved on both  sides,  we could have  probably  have gotten more  if we had waited,  but  we are both  happy  making  £50k on  the house  price  was valued  back in February , plus as I have said  its a cash buyer so it should  go through  in 8 weeks for the sale. 

Hello, it sounds like you are in a good position but despite being a cash buyer, there are still delays. The main delay for us was in obtaining local authority searches as they were overwhelmed with other requests. All best wishes. 

Ath_Wat

TripleH said:

@julicorn it's taken me this long to master English, my brain hurts when it sees something that it says doesn't look right. I think it was a newspaper article I read about Sam Smith that didn't make sense when I read it.

Although it does make some sense to recycle words than create a new one. 

Using "they" when you are talking about some non specified person you don't know has been standard forever.

"Someone has dropped litter here, I wish they hadn't"

No native English speaker should find that at all odd. Extending that to using it when you do know the person you are referring to shouldn't be too much of a stretch.

GDB2222

Ath_Wat said:

TripleH said:

@julicorn it's taken me this long to master English, my brain hurts when it sees something that it says doesn't look right. I think it was a newspaper article I read about Sam Smith that didn't make sense when I read it.

Although it does make some sense to recycle words than create a new one. 

Using "they" when you are talking about some non specified person you don't know has been standard forever.

"Someone has dropped litter here, I wish they hadn't"

No native English speaker should find that at all odd. Extending that to using it when you do know the person you are referring to shouldn't be too much of a stretch.

If you don’t know who dropped litter, it could be one person, or several. There’s a massive difference between that and knowing that you are talking about a single individual. 

canaldumidi

I had an ex years ago who always used 'they' when discussing her friends. "We went to X because they'd never been there before..."

Took me a long time to realise it was because she didn't want me to know if she'd been out with a girl or boy friend....

Ath_Wat

GDB2222 said:

Ath_Wat said:

TripleH said:

@julicorn it's taken me this long to master English, my brain hurts when it sees something that it says doesn't look right. I think it was a newspaper article I read about Sam Smith that didn't make sense when I read it.

Although it does make some sense to recycle words than create a new one. 

Using "they" when you are talking about some non specified person you don't know has been standard forever.

"Someone has dropped litter here, I wish they hadn't"

No native English speaker should find that at all odd. Extending that to using it when you do know the person you are referring to shouldn't be too much of a stretch.

If you don’t know who dropped litter, it could be one person, or several. There’s a massive difference between that and knowing that you are talking about a single individual. 

"The planning officer is calling at 3 but they might be a bit late"

That's problematic for you?  What pronoun would you use if you actually don't know what gender a person is because you have no name and have never met them?  You can say "he or she" of course but "they" is perfectly common and has been for years.

GDB2222

Ath_Wat said:

GDB2222 said:

Ath_Wat said:

TripleH said:

@julicorn it's taken me this long to master English, my brain hurts when it sees something that it says doesn't look right. I think it was a newspaper article I read about Sam Smith that didn't make sense when I read it.

Although it does make some sense to recycle words than create a new one. 

Using "they" when you are talking about some non specified person you don't know has been standard forever.

"Someone has dropped litter here, I wish they hadn't"

No native English speaker should find that at all odd. Extending that to using it when you do know the person you are referring to shouldn't be too much of a stretch.

If you don’t know who dropped litter, it could be one person, or several. There’s a massive difference between that and knowing that you are talking about a single individual. 

"The planning officer is calling at 3 but they might be a bit late"

That's problematic for you?  What pronoun would you use if you actually don't know what gender a person is because you have no name and have never met them?  You can say "he or she" of course but "they" is perfectly common and has been for years.

If you say 'they', I will lay in some extra chocolate bikkies as there must be a small team coming round. Your example doesn’t need a pronoun, anyway!

lookstraightahead

My English is rubbish but I've always been good at maths. Sometimes in the past people have corrected me because my accent made it worse. However I could also shut them up quite quickly if I started talking numbers.