Jump to content
House Price Crash Forum

George Best

Trolls
  • Content Count

    4
  • Joined

  • Last visited

About George Best

  • Rank
    HPC Newbie
  1. When house prices reach a high level owners of properties are naturally very reluctant to drop their asking prices from the market peak when the property market slows down. Property owners become resistant to dropping their asking prices even in the event of a recession. House prices, once they have risen, are "sticky downwards" and only owners who are forced to make a sale quickly will need to drop their asking price. The worst thing that can happen to the property market is a recession but even if such an event occurs vendors will hold out and continue to ask the highest price possible for t
  2. Many STRs have failed to think through the full implications of their action to sell their property and rent. They got greedy and now they are paying the price and are having to stay in rented accommodation for much longer than they had expected. If the STR do manage to get back onto the property ladder they will have used their STR money to buy the property which means that they will no longer be getting interest by keeping their STR money in the bank. It doesn't make sense to buy a property if house prices are languishing at the bottom and are not rising because the STR money will have bee
  3. Many STRs have failed to think through the full implications of their action to sell their property and rent. They got greedy and now they are paying the price and are having to stay in rented accommodation for much longer than they had expected. If the STR do manage to get back onto the property ladder they will have used their STR money to buy the property which means that they will no longer be getting interest by keeping their STR money in the bank. It doesn't make sense to buy a property if house prices are languishing at the bottom and are not rising because the STR money will have bee
  4. Many STRs have failed to think through the full implications of their action to sell their property and rent. They got greedy and now they are paying the price and are having to stay in rented accommodation for much longer than they had expected. If the STR do manage to get back onto the property ladder they will have used their STR money to buy the property which means that they will no longer be getting interest by keeping their STR money in the bank. It doesn't make sense to buy a property if house prices are languishing at the bottom and are not rising because the STR money will have bee
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.