Jump to content
House Price Crash Forum
Sign in to follow this  
tomandlu

Why All The Nerves?

Recommended Posts

With the exception of forced sales, it strikes me that sellers are being perfectly rational. Why offer a property at below what you *might* get for it? Assuming that you're either up-sizing or down-sizing, you are going to have to deal with other sellers, who also will be expecting the best value for their properties.

What I'm saying is that it's not necessarily delusional to ask for an unreasonably high amount for a property. The only really dumb thing to be doing right now is to buy as a FTB - such a shame that dumbness and FTBishness are, demographically, linked.

I don't think sellers either need or want prices to return to the heights of 2007, but leading the charge into lower prices is not a rational thing to do - they'll be selling cheap and buying high assuming that they're not going into STR (which they've probably left a bit late).

Share this post


Link to post
Share on other sites
With the exception of forced sales, it strikes me that sellers are being perfectly rational. Why offer a property at below what you *might* get for it? Assuming that you're either up-sizing or down-sizing, you are going to have to deal with other sellers, who also will be expecting the best value for their properties.

What I'm saying is that it's not necessarily delusional to ask for an unreasonably high amount for a property. The only really dumb thing to be doing right now is to buy as a FTB - such a shame that dumbness and FTBishness are, demographically, linked.

I don't think sellers either need or want prices to return to the heights of 2007, but leading the charge into lower prices is not a rational thing to do - they'll be selling cheap and buying high assuming that they're not going into STR (which they've probably left a bit late).

Exactly. Why would anyone jump off the 1% above baserate tracker train....................? And as 50% of mortgages are on trackers its madness to consider re-financing. Bit like paying off your 2.5% student loan before your 20% credit card. Bears that want sales will need a major hike in IRs to force it, and that I think youll find is, cutting your nose off to spite your face..................

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   287 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

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.