I've been a lurker for a few months. Some of the threads on here are quite interesting, and some contain such ridiculous doom and gloom forecasts as to render them laughable. This thread however, is the only one which made me feel compelled to register to reply. I know other people have tried, but I'm not sure this "RealistBear" character (who does more to undermine the "bear" argument on here than any "bull" ever could, believe me) understands the concept. Here is a simple example, based on unchanged nationwide supply to make it even easier to understand:
Day 1: There are 500,000 properties for sale in the UK, being sold through 10,000 estate agents. Suddenly I have an idea - why don't I create a website that estate agents can subscribe to in order to advertise their properties?
Day 2: There are 500,000 properties for sale in the UK, being sold through 10,000 estate agents. I build and upload my new website, which proudly boasts 0 properties for sale from 0 estate agents.
Day 3: There are 500,000 properties for sale in the UK, being sold through 10,000 estate agents. I sign up my first client - my website now boasts 50 properties for sale from 1 estate agent.
Day 4: There are 500,000 properties for sale in the UK, being sold through 10,000 estate agents. My website now boasts 100,000 properties for sale from 2,000 estate agents.
Is day 4 the day that RealistBear should be reaching a premature climax? After all, my website clearly shows that supply has gone up 2,000 times from day 3 to day 4. But wait.. there are still the same amount of properties for sale as a whole, it's just that more of the 10,000 estate agents have subscribed to my site.
I do hope this ends this ridiculous thread. The only "facts" it shows us is that Findaproperty.com is gradually growing, and that some "bears" are getting desperate.