Friday, Nov 09, 2007
Just like in the US the building companies share price was a pre cursor to the inevitable crash.Interesting to read the comments on this article especially the bloke from Manchester.BTL by any chance?
times online: Quietening down on the building sites
Potential customers are adopting that most frustrating of tactics to sellers – doing nothing. They are sitting on their hands and waiting – waiting to see if asking prices come down, waiting in the hopes of bigger and better perks like part exchange offers on existing homes, waiting to see if better mortgage offers come along. Visits to show homes are down. Sales volumes are falling. And selling prices are becalmed
Posted by sold out @ 12:09 PM (684 views) Add Comment
5 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. paul said...
There is more than a hint of desperation in that poster's tone:
"This doesn't make any sense. How can buyers be "waiting to see if prices come down"? We're a small island with limited space and a growing population. A moment's thought about basic supply and demand tells us that prices are set to rocket.
And a good thing too. After all, a house price crash is the last thing any of us want to see!
FTB's, what does it matter if you're paying 3x what the house cost in 1993? Stop your dangerous waiting game and BUY BUY BUY before prices shoot up even further!! "
"Dangerous" waiting game? Dangerous for first time buyers? Or for recent housebuyers?
Oh dear, oh dear. Someone got into BTL at just the wrong time by the sound of it.
2. inbreda said...
"FTB's, what does it matter if you're paying 3x what the house cost in 1993?"
or what?
Does anyone care to complete that sentence for him? Perhaps...
"FTB's, what does it matter if you're paying 3x what the house cost in 1993?" or 10 times more than you are actually able to afford?
3. seanb303 said...
do you think it's our david20040?
sounds almost like him
4. Bobsto said...
One comment caught my eye is that it repeats the generally held belief that there is a supply problem mainly driven by rising divorce rates.
Well guess what it says on the National Statistics web site:-
"The provisional divorce rate in England and Wales fell for a second consecutive year and by 7 per cent compared with 2005 to 12.2 divorcing people per 1,000 married population in 2006. The divorce rate is now at its lowest level since 1984. "
5. drewster said...
I think he's being ironic. Either that or very desperate to shift some BTL flats.