Buying A House? Would you pay £20k for a £5k car?

TheChicken

Nice

DENIAL...................................


Ch!ck

chappers

propertyguy7 wrote: »

How true! Come on Chappers you must see that my ramblings about the press ring a little true with nutters like this preaching on. Actually this guy might a be a little far gone, but you get my point!!!

Maybe yes you do have a point however can't see this one having too much effect on the housing market.

With regards to when house prices were supposedly correct well thats a right old shaggy dog story. Perhaps the original poster could go back to just after the ark settled and work it out from there based on inflation.

carpetbelly

TheChicken wrote: »

Nice

DENIAL...................................


Ch!ck

Ahhh, the old 'I'll use caps and a lot of fullstops to prove my point' routine while not answering the question :rolleyes:

Jorgan_2

Jorgan wrote: »

I shall check the March '07 with March '08 figures when I am back in the office on Friday and I will post the answers up. The last time I checked comparable month on month was February, there was one less sale in Feb '08 to Feb '07, for your information.

Sorry for not posting earlier, I haven't been on here since Wednesday.

March '07 Sales Agreed 13
March '08 Sales Agreed 12

March '07 Completions 9
March '08 Completions 11

The next six months may well be different.

BobProperty

Jorgan wrote: »

Sorry for not posting earlier, I haven't been on here since Wednesday.

March '07 Sales Agreed 13
March '08 Sales Agreed 12

March '07 Completions 9
March '08 Completions 11

The next six months may well be different.

Yes, could get like this:
http://www.brokerbryant.com/forelcousres-for-sale-in-poinciana-fl
There were 31 closings for March. This is actually a 50% increase from February. So that's a good thing. .....The sold price is down about 5% from February.....
Out of those 31 sales, 21 one of them were banked owned properties(REOs). 4 were short sales. 2 were builder inventory and 4 were owned by Mr. and Mrs. Average Home Seller.

So, translating into English, out of 31 sales, 21 were repossessions, 4 were in negative equity, 2 were developers' sales and 4 were "normal" house sales. :eek:

Rover

Jorgan wrote: »

Sorry for not posting earlier, I haven't been on here since Wednesday.
March '07 Sales Agreed 13
March '08 Sales Agreed 12

March '07 Completions 9
March '08 Completions 11
The next six months may well be different.

Non-sense old chap. The price/sales/completions entirely depend on that micro bargaining process you're so good at. Nothing to do with available money/credit that has inflated the housing market so artificailly.

http://business.timesonline.co.uk/tol/busi...icle3740127.ece

The TimesApril 14, 2008

Caught in the crunch – 4,000 estate agents could be forced to close

Philip Webster, Political Editor, Christine Seib and Judith Heywood

Mortgage lenders are to be told to pass on interest-rate cuts to their customers in return for easier and longer loans from the Bank of England as it tries to restore order to the housing market, The Times has learnt.

..../

The intervention of Mr Brown and the Bank’s move underlined the fears about a collapse in the market. The Times has learnt of a huge slump of confidence among estate agents. Of the estimated 12,000 agents, at least 4,000 will close by next year, according to predictions by the biggest network of independent estate agencies.

Robin King, director of Movewithus, who described the closures as “massive”, said that sales made within his network had dropped by between 30 and 50 per cent since last year.

One estate agency, the Property Shop, based in Norfolk, shut nine of its ten offices this month, with the loss of about 30 jobs, just before its parent company, the Alexander Partnership went into administration.

..../

Recent figures from the National Association of Estate Agents showed that the number of housebuyers on agents’ books dropped to the lowest yet recorded in February, from an average of 276 per agent in January to 243. The number of properties for sale fell from 83 to 74 between January and February this year. At the same time, Justitia, a credit management agency, said that the number of cases it handled from borrowers struggling with debt had increased by 30 per cent in the last six months.

Jorgan_2

Rover wrote: »

Non-sense old chap. The price/sales/completions entirely depend on that micro bargaining process you're so good at. Nothing to do with available money/credit that has inflated the housing market so artificailly.

http://business.timesonline.co.uk/tol/busi...icle3740127.ece

The TimesApril 14, 2008

Caught in the crunch – 4,000 estate agents could be forced to close

Philip Webster, Political Editor, Christine Seib and Judith Heywood

Mortgage lenders are to be told to pass on interest-rate cuts to their customers in return for easier and longer loans from the Bank of England as it tries to restore order to the housing market, The Times has learnt.

..../

The intervention of Mr Brown and the Bank’s move underlined the fears about a collapse in the market. The Times has learnt of a huge slump of confidence among estate agents. Of the estimated 12,000 agents, at least 4,000 will close by next year, according to predictions by the biggest network of independent estate agencies.

Robin King, director of Movewithus, who described the closures as “massive”, said that sales made within his network had dropped by between 30 and 50 per cent since last year.

One estate agency, the Property Shop, based in Norfolk, shut nine of its ten offices this month, with the loss of about 30 jobs, just before its parent company, the Alexander Partnership went into administration.

..../

Recent figures from the National Association of Estate Agents showed that the number of housebuyers on agents’ books dropped to the lowest yet recorded in February, from an average of 276 per agent in January to 243. The number of properties for sale fell from 83 to 74 between January and February this year. At the same time, Justitia, a credit management agency, said that the number of cases it handled from borrowers struggling with debt had increased by 30 per cent in the last six months.

Which part of what I posted up is nonsense?

Rover

Jorgan wrote: »

Estate Agents, Mortgage Lenders and Property Developers do not control the housing market, its controlled by the buyers & sellers. The seller dictates the asking price and between them they dictate the sale price.

This, specifically that in bold. Do you need any further clarification?

Jorgan_2

Rover wrote: »

This, specifically that in bold. Do you need any further clarification?

I was referring to your previous post, not the one from last week.

Rover

So am I to presume you are now reconsidering your original statement which prompted my first contribution to this lengthy thread?

Please clarify, then if I have time, I'll consider planet Jorgan.

Edit: been a while now Jorg, may I reiterate my advice about a basic economics course.