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LondonToManchester

Big Rise In Completed Property Sales

104 posts in this topic

[quote name='Jim B.' post='1887727' date='May 14 2009, 04:22 PM']I think we may have been here before, but most of us have lived through at least one major recession on here. Things get pretty bad, and house prices do not go up in recessions. Your positive thinking is great, but you're making yourself look pretty foolish at times, which undermines any valid points you have to make.

I understand how you amy be worried about losing money on your properties, but as long as you keep your job and they are long term 'investments' then I don't know why you are bothered either way.[/quote]

Trying to find the bottom so I can buy more.

Your right about one thing though I don't care about the value of my current properties I NEVER plan on selling them.

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[quote name='LondonToManchester' post='1887773' date='May 14 2009, 04:41 PM']Trying to find the bottom so I can buy more.

Your right about one thing though I don't care about the value of my current properties I NEVER plan on selling them.[/quote]
I see you have posted again, yet despite posting a couple of insults earlier about not understanding equations, you have STILL failed to post an answer to my earlier question.

Please give your definition of DEMAND and how it is derived in the property market.

At the moment you are running scared.

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[quote name='LondonToManchester' post='1887773' date='May 14 2009, 04:41 PM']Trying to find the bottom so I can buy more.[/quote]

OK, well just remember, the bottom won't be a weekend, or even a month, there is no panic. Look at the graphs of the last crash. We are nowhere near there yet considering the state the country is in. Prices will hit bottom and then rumble along the bottom for months, it's not like they are suddenly going to shoot up. When you ahve small rises for more than 3 months on a trot we MAY have hit bottom.

ETA - Any landlord would be mad to buy now, the market is flooded with rental property. Who are you going to let to? Edited by Jim B.

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[quote name='LondonToManchester' post='1887773' date='May 14 2009, 04:41 PM']Trying to find the bottom so I can buy more.

Your right about one thing though I don't care about the value of my current properties I NEVER plan on selling them.[/quote]
If you are trying to buy more, are you the type of bull who is selfish that barges FTBs out of the markets??

Silly question - of course you are

I wish property wasnt viewed as investments. Its the whole reason why we are in this mess

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[quote name='LondonToManchester' post='1887773' date='May 14 2009, 04:41 PM']Trying to find the bottom so I can buy more.

Your right about one thing though I don't care about the value of my current properties I NEVER plan on selling them.[/quote]
If you are trying to buy more, are you the type of bull who is selfish that barges FTBs out of the markets??

Silly question - of course you are

I wish property wasnt viewed as investments. Its the whole reason why we are in this mess

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[quote name='angrypirate' post='1887796' date='May 14 2009, 04:50 PM']If you are trying to buy more, are you the type of bull who is selfish that barges FTBs out of the markets??

Silly question - of course you are

I wish property wasnt viewed as investments. Its the whole reason why we are in this mess[/quote]
Is there an echo in here?

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[quote name='LondonToManchester' post='1887773' date='May 14 2009, 11:41 AM']Trying to find the bottom so I can buy more.

Your right about one thing though I don't care about the value of my current properties I NEVER plan on selling them.[/quote]

I hope you're not really a Mancunian are you? I just noticed some of the pearls of wisdom from your sign in page "better to roll the dice and lose than never to roll the dice" or something like that. Now that is the dumbest piece of advice I have ever seen on here. What does it mean? Does it mean better to give the house your money at MGM Grand, rather than walk away and have a nice meal, take your wife to a show and come back feeling happy? Am I missing something? Who actually said that pearl of wisdom-a Kamakazi pilot?

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[quote name='the end is nigh' post='1887779' date='May 14 2009, 04:43 PM']I see you have posted again, yet despite posting a couple of insults earlier about not understanding equations, you have STILL failed to post an answer to my earlier question.

Please give your definition of DEMAND and how it is derived in the property market.

At the moment you are running scared.[/quote]

Demand how much something is wanted / needed

Demand in housing is different in the fact that EVERYONE (excluding homeless people) needs somewhere to live. Because of that there will always be a level of demand for housing (rented or home owners).

Demand can rise and fall for a whole bunch of reasons such as more people having families or more people deciding to leave an area.

As demand increases so does the price!

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[quote name='tomwatkins' post='1887807' date='May 14 2009, 04:56 PM']I hope you're not really a Mancunian are you? I just noticed some of the pearls of wisdom from your sign in page "better to roll the dice and lose than never to roll the dice" or something like that. Now that is the dumbest piece of advice I have ever seen on here. What does it mean? Does it mean better to give the house your money at MGM Grand, rather than walk away and have a nice meal, take your wife to a show and come back feeling happy? Am I missing something? Who actually said that pearl of wisdom-a Kamakazi pilot?[/quote]

Born and bred mate went to burnage high school, umist and support MANU :)

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[quote name='LondonToManchester' post='1886809' date='May 14 2009, 10:28 AM']HM Revenue and Customs reported that completed property sales leapt by 40% between February and March.

Again from the BBC




SO much for silly bears saying properties were SSTC but then comming back onto the market!



Sorry guys i have to do is again :)


AWOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOGA


Bears are the new sheeple LOL :)[/quote]

You remind me of [b]Rizo[/b]. ;)

Whatever happened to [b]Rizo[/b]? :lol:







See below.

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[quote name='angrypirate' post='1887795' date='May 14 2009, 04:50 PM']If you are trying to buy more, are you the type of bull who is selfish that barges FTBs out of the markets??

Silly question - of course you are

I wish property wasnt viewed as investments. Its the whole reason why we are in this mess[/quote]

I really don't care about FTB or people priced out (Should work abit harder IMO). I like them when they will pay my mortgage on rented properties.

I don't make the rules I just play by them :)

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[quote name='LondonToManchester' post='1887818' date='May 14 2009, 05:02 PM']Demand how much something is wanted / needed[/quote]
That is EXACTLY what demand isn't. Is has absolutely nothing to do with want or need. You clearly didn't do basic economics and have now confirmed yourself to be as naive as we thought you were.

And increased volume does not necessarily mean increased price.

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[quote name='LondonToManchester' post='1887820' date='May 14 2009, 05:03 PM']Born and bred mate went to burnage high school, umist and support MANU :)[/quote]

"MANU" ???? That's what all the top Reds call them I hear ;)

BTW - you're wrong about demand. Really wrong.

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[quote name='Sour Mash' post='1886972' date='May 14 2009, 11:31 AM'][b]Good[/b] news - in order for the market to discover the correct price of the assets, transactions have to take place in sufficient volume.

The somewhat 'frozen market' of recent times has been hindering price discovery - ie. tending to support higher prices. Once it unfreezes to some degree we can see prices start to fall to sustainable levels.

Looks like we have someone else to laugh at - Sibley and Hamish were getting lonely being the focus for ridicule. :lol:[/quote]

You have made a crucial point that I think a lot of people have not appreciated. I am fully expecting to see more widespread falls, including those relating to more desirable properties, when the market starts to unfreeze. Supply and demand is going to remain very much leaning hard over on the supply side even when transaction levels rise.

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[quote name='LondonToManchester' post='1887820' date='May 14 2009, 12:03 PM']Born and bred mate went to burnage high school, umist and support MANU :)[/quote]
Well mate I am a Red since the days of the Babes but I can't excuse you because of that. Now if you said you were a City fan it would explain a lot. Having said that, why do you think it's a good move to make a bad bet? My own experience in property is bad (through circumstances that's all). You can guess my age (BTW I am RICS so I am semi-educated in the market). I have never been an "investor" and had to move to various parts of the North West that coincided with job moves. I had no choice but I never "timed" it right. A house was somewhere to live which is sensible IMHO. The bottom line is that I cannot believe that anybody would not grasp that an economy that relies on people (of the same nationality) swapping money and bidding on assets that have a proven record of extreme volatility is bad in the long-term. For every winner there is a loser. You are not adding one penny to real growth in a sustainable way. It's false short-terminism.

I am just waiting for the time when renters are viewed as the smart guys in the room-not the losers. It will come my friend. How do I know?-because I have seen it three times already in my lifetime. A lot of dead bodies along the way.

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[quote name='LondonToManchester' post='1886809' date='May 14 2009, 10:28 AM']HM Revenue and Customs reported that completed property sales leapt by 40% between February and March.

Again from the BBC




SO much for silly bears saying properties were SSTC but then comming back onto the market!



Sorry guys i have to do is again :)


AWOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOGA


Bears are the new sheeple LOL :)[/quote]


NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO :unsure:

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[quote name='GodLovesPork' post='1887858' date='May 14 2009, 05:26 PM']NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO :unsure:[/quote]
"GodLovesPork"?!?!?!?!?

That's a crackling username.

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[quote name='LondonToManchester' post='1887820' date='May 14 2009, 05:03 PM'].... went to burnage high school, umist .....[/quote]

You required all that education to become semi-literate?

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[quote name='LondonToManchester' post='1886835' date='May 14 2009, 10:34 AM']The point is there rising again by a large amount or did you miss that? How about we compare them to March 1939 LOL[/quote]
No nonoonononononononoooo!

That is never the point.

What matters is YoY figures.

How many times do we have to go through this!

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[quote name='LondonToManchester' post='1887773' date='May 14 2009, 04:41 PM']Trying to find the bottom so I can buy more.

Your right about one thing though I don't care about the value of my current properties I NEVER plan on selling them.[/quote]
no bTL landlord ever plans on selling them (not so sure about the lenders though)

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[quote name='LondonToManchester' post='1887818' date='May 14 2009, 05:02 PM']Demand how much something is wanted / needed

Demand in housing is different in the fact that EVERYONE (excluding homeless people) needs somewhere to live. Because of that there will always be a level of demand for housing (rented or home owners).

Demand can rise and fall for a whole bunch of reasons such as more people having families or more people deciding to leave an area.

As demand increases so does the price![/quote]
What if everbody's wages suddenly halved? Demand would stay the same but ability to pay rent/mortgage would be severely impaired, no? You need to continue your line of thought.

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[quote name='kilroy' post='1887910' date='May 14 2009, 05:56 PM']What if everbody's wages suddenly halved? Demand would stay the same but ability to pay rent/mortgage would be severely impaired, no? You need to continue your line of thought.[/quote]
As I have posted above, its not only wages going down in real terms (even if people manage to secure a payrise when unemployment is rising massively, they won't do better than the headline RPI; do you really think the headline inflation figures will reflect reality for most people??) but also the ability to pay a mortgage due to tax increases (inevitable) and interest rate increases (inevitable); these factors are going to chase house prices down for a couple of years yet. 45% off peak I reckon. I used to think 35% until I realised just how bad the Government's finances actually are.

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[quote name='LondonToManchester' post='1887825' date='May 14 2009, 05:06 PM']I really don't care about FTB or people priced out (Should work abit harder IMO). I like them when they will pay my mortgage on rented properties.

I don't make the rules I just play by them :)[/quote]

you are an MP and I claim by guillotine and basket with your head in.

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[quote name='Rosepetal' post='1886853' date='May 14 2009, 10:41 AM']Great! More idiots out the way = less competition when I decide to buy :)[/quote]


Might this increase in SALES mean that some vendors are getting nervous - seeing the crashng rocks ahead - and dropping their prices, sooner rather than later - taking a little drop instead of a huge one? For those who are cash buyers and are sick of waiting to buy, this might suit very well. Doesn't mean that the HPC is over, IMO, it means that a number of vendors are relaxing their grip and dropping their prices. :D It means that the realisation that HPC is underway, has filtered into the brains of those "House-prices-can-only-go-up" morons.

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[quote name='LondonToManchester' post='1887818' date='May 14 2009, 05:02 PM']Demand how much something is wanted / needed

Demand in housing is different in the fact that EVERYONE (excluding homeless people) needs somewhere to live. Because of that there will always be a level of demand for housing (rented or home owners).

Demand can rise and fall for a whole bunch of reasons such as more people having families or more people deciding to leave an area.

As demand increases so does the price![/quote]

Them wot live the longest see the most, and I've lived thru' a number of booms and busts, and you - mate - are totally clueless....hopeful but doomed to disappointment :lol: :lol:

I'll save this thread and resurrect it in 12 months time.. OK? ;)

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