canny man Posted February 6, 2009 Share Posted February 6, 2009 There I was, convinced that the HPC is real - but according to an estate agent who has sold two houses it was all a dream. http://www.guardian.co.uk/money/2009/feb/0...perty-gazumping Quote Link to comment Share on other sites More sharing options...
the-sign-jacker Posted February 6, 2009 Share Posted February 6, 2009 sigh. where do i sign......... Quote Link to comment Share on other sites More sharing options...
darwin Posted February 6, 2009 Share Posted February 6, 2009 There I was, convinced that the HPC is real - but according to an estate agent who has sold two houses it was all a dream.http://www.guardian.co.uk/money/2009/feb/0...perty-gazumping Yeah, nice try, Guardian. Daily Express are telling us house prices are up. In other news pig grows wings, flies. Quote Link to comment Share on other sites More sharing options...
South Lorne Posted February 6, 2009 Share Posted February 6, 2009 ....more money was lost after the '29 crash with people chasing false bottoms in the years after the crash ...than the actual crash itself....!...beware..!.... Quote Link to comment Share on other sites More sharing options...
the-sign-jacker Posted February 6, 2009 Share Posted February 6, 2009 ....more money was lost after the '29 crash with people chasing false bottoms in the years after the crash ...than the actual crash itself....!...beware..!.... was that a quote from barrymore ? Quote Link to comment Share on other sites More sharing options...
Flatdog Posted February 6, 2009 Share Posted February 6, 2009 sigh. where do i sign......... There is, I think, a plus side to all this rampant 'green shoots' media nonsense...the HPC forum will grow in notoriety. Quote Link to comment Share on other sites More sharing options...
Namaste Posted February 6, 2009 Share Posted February 6, 2009 From the article: House prices haven't increased and they are still dropping. The only properties selling on the market are at a bargain price. If people don't reduce their prices then they've got no hope of selling Quote Link to comment Share on other sites More sharing options...
billybong Posted February 6, 2009 Share Posted February 6, 2009 (edited) Even weeds have green shoots and at the moment the likes of the Guardian, Express etc are cultivating whole fields full of dandelions. Edited February 6, 2009 by billybong Quote Link to comment Share on other sites More sharing options...
huw Posted February 6, 2009 Share Posted February 6, 2009 There is, I think, a plus side to all this rampant 'green shoots' media nonsense...the HPC forum will grow in notoriety. Wot, notorious for commenting on what they imagine has been written instead of what has been written? The article is actually pretty down-beat, and one bidding-tiff does not a housing-recovery make (did anybody imagine that there would never again be two keen buyers after the same property?) ... and note that the lower offer was accepted because that buyer was better placed to proceed. Are people missing what that actually says about the market? Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted February 6, 2009 Share Posted February 6, 2009 That was a cool move yesterday to lower rates. It's going to be the trigger to set the housing market alight. Bonfire of the vanities? Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted February 6, 2009 Share Posted February 6, 2009 I know you all want a crash but thank god it's not going to happen.Haven't you seen enough? Before you would have got a cheap house the country would have been on it's knees. That was a cool move yesterday to lower rates. It's going to be the trigger to set the housing market alight. Might take a year or so but it's going to get back to normal. That message has been received and understood by homeowners now thank you. I'll never buy another newspaper again. Express forever. You're a moron wrapped in a rabbit's **** Quote Link to comment Share on other sites More sharing options...
Frank Hovis Posted February 6, 2009 Share Posted February 6, 2009 I know you all want a crash but thank god it's not going to happen.Haven't you seen enough? Before you would have got a cheap house the country would have been on it's knees. That was a cool move yesterday to lower rates. It's going to be the trigger to set the housing market alight. Might take a year or so but it's going to get back to normal. That message has been received and understood by homeowners now thank you. I'll never buy another newspaper again. Express forever. Thank you the court jester. Made oi laff. Quote Link to comment Share on other sites More sharing options...
Wad Posted February 6, 2009 Share Posted February 6, 2009 (edited) As I said on another thread yesterday - unemplyment and LTV ratios are key here. I bet the 16,000 postal workers dont't feel like green shoots as they lose their jobs and I bet there are not too many FTB feeling too happy as they contemplate another ten years in rented accomodation while they save for a 25% deposit while paying of their student loan and 45% marginal tax rates. Edited February 6, 2009 by Wad Quote Link to comment Share on other sites More sharing options...
red Posted February 6, 2009 Share Posted February 6, 2009 I know you all want a crash but thank god it's not going to happen.Haven't you seen enough? Before you would have got a cheap house the country would have been on it's knees. That was a cool move yesterday to lower rates. It's going to be the trigger to set the housing market alight. Might take a year or so but it's going to get back to normal. That message has been received and understood by homeowners now thank you. I'll never buy another newspaper again. Express forever. The thing is, Sibbers, you seem to think all homeowners want house prices to go up. They don't. Plenty of us on here 'own' properties but want to upsize. Lower prices make it easier and cheaper to do this. As for buying the Express, go for it...you'll need all the bog roll you can get over the coming months. Quote Link to comment Share on other sites More sharing options...
pepsi Posted February 6, 2009 Share Posted February 6, 2009 ....more money was lost after the '29 crash with people chasing false bottoms in the years after the crash ...than the actual crash itself....!...beware..!.... Sorry, for some reason I thought that this was referring to this story.... False bottom in the Daily Mail Quote Link to comment Share on other sites More sharing options...
happyhaddock Posted February 6, 2009 Share Posted February 6, 2009 Might take a year or so but it's going to get back to normal. Which flavour of normal? Normal multiples of income from which period of history? Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted February 6, 2009 Share Posted February 6, 2009 Might take a year or so but it's going to get back to normal. That message has been received and understood by homeowners now thank you. I'll never buy another newspaper again. Express forever. Good point, a reversion to "normality"; the long term average return on property as an invesmtent, would require a fall from top to bottom of circa 35%. On that basis we're approx. half way through the fall - in terms of money/equity not necessarily time. You are quite right in as much as these measures taken by the govt are partly desgined to prevent a total collapse of house prices, they know the best that can be acheived is a reversion to norm, I suspect they and lenders know a 35% correction is already baked in, what you're currently witnessing is them (govt/BoE/other mandarins) peddling like the ant hill mob in order to prevent a collapse beyond that. I suspect if they do manage to contain a collapse to only 35% from peak (and I reckon they will...just) they can *justifiably* consider they've done a good job, at the expense of future tax payers of course, who will be saddled with a multi generation debt. Quote Link to comment Share on other sites More sharing options...
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