Jump to content
House Price Crash Forum

cwcw

New Members
  • Posts

    8
  • Joined

  • Last visited

Everything posted by cwcw

  1. The only reason the schools are good is because the pupils are from well off backgrounds - it's self fulfilling, as this in turn keeps house prices high to ensure that only well off kids will go there in years to come. Deprived kids generally do worse at school (less stability at home, higher instances of single parent households, less cash to spend on text books/ PCs, less pressure to "make something of your life", etc etc). This is a fact. Turning it all into a lottery would just mean the good schools would become average and the bad schools would become average.
  2. No it doesn't. It tells us that the internet is a growing medium for advertising property. The RightMove phenomenon happened throughout the boom years, so you can't argue that estate agents only list on the internet when they're getting desperate. See above - estate agents have been adding listings to internet sites throughout the boom. Why would they change this now? Increasing the number of advertising outlets is likely to bring about a quicker sale with potentially more competing buyers. It doesn't mean they're getting desperate. No. It tells me that FindAProperty is a growing website, much in the same way RightMove was, and is. RightMove is more saturated so would form a better basis for your simplistic analysis, but still a flawed one.
  3. But that isn't an analogy. An analogy would be if the grocers advertised each orange they offered for sale in the local paper. If the grocers withdraw oranges from the advertising in the local paper then supply still remains the same - those oranges still physically exist for sale. If the grocer advertises his oranges to a new local paper, that local paper will show an increase in supply based on what it's advertising. However, supply is still the same because the oranges were on sale already, they're just advertised in a new place. I don't believe for one second that you don't understand this. You're either on a wind up mission or you don't like to accept when you're wrong. I think it speaks volumes that you simply skip past any posts that pull your logic apart by using simple examples that even a 5 year old could grasp the concept of. Someone made the point about average properties for sale per estate agent, which gives a much better reflection of the market as a whole, although still based on a sample. However, an increase in supply of just over 1% in January is hardly unexpected in a market with seasonal fluctuations.
  4. Are you really this thick or are you just trolling? Did you not read my post? They aren't "new" properties to the market, they're new properties to the website - do you understand the difference? As more estate agents sign up to the website, they bring with them their stock of properties. These properties are already on the market, this website is just an extra advertising outlet. Why can you not understand this? Let's make it REALLY simple this time: Day 1: Nationwide supply of 2 houses on the market from 1 estate agent. Findaproperty.com has not managed to sign up the country's only estate agent, so is showing 0 properties from 0 estate agents. Day 2: Nationwide supply of 2 houses on the market from 1 estate agent. Findaproperty.com has managed to sign up the country's only estate agent, so now shows 2 properties from 1 estate agent. There is a huge jump from day 1 to day 2, but that jump is based on the client base of the website and is completely exclusive to the nationwide supply, which has remained unchanged.
  5. 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.
×
×
  • Create New...

Important Information