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TheCountOfNowhere

Should Rightmove Be Reported To Trading Standards...

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Should rightmove be reported to trading standards ?

They seem to advertise house's at prices which are misleading and could potentially cause someone to over-pay 10,000's of pounds for a house.

By their own admission through their rightmove average house price index they are advertising houses at 10's of thousands of pounds over average selling prices.

This could be seen as an attemnpt to con the most vulnerable people in society. A practice which would be deemed illegal for any other product perhaps.

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Should rightmove be reported to trading standards ?

They seem to advertise house's at prices which are misleading and could potentially cause someone to over-pay 10,000's of pounds for a house.

By their own admission through their rightmove average house price index they are advertising houses at 10's of thousands of pounds over average selling prices.

This could be seen as an attemnpt to con the most vulnerable people in society. A practice which would be deemed illegal for any other product perhaps.

Rightmove are not Estate Agents are they? I'm sure somewhere on their site they will say they cannot be held responsible for wrong or misleading information from 3rd parties ie. Estate/Letting Agents!

Edited by Mr G

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But like Google etc they will claim they are just aggregating and linking or whatever. Google's cache of rightmove has all the same info, do you think they can be reported too? It's shaky ground imo.

They seem to advertise house's at prices which are misleading and could potentially cause someone to over-pay 10,000's of pounds for a house.

Says who? The market dictates the price. A market will find its natural level in time :).

Edited by Orbital

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Should rightmove be reported to trading standards ?

They seem to advertise house's at prices which are misleading and could potentially cause someone to over-pay 10,000's of pounds for a house.

By their own admission through their rightmove average house price index they are advertising houses at 10's of thousands of pounds over average selling prices.

This could be seen as an attemnpt to con the most vulnerable people in society. A practice which would be deemed illegal for any other product perhaps.

:lol: Lets make it illegal for sellers to ask for too much money when they put their houses up for sale

The bears really are getting desperate :lol:

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Stupidest thread yet?

:lol:

Probably not, but no, they shouldn't for a number of reasons, not least that all Rightmove represents is a more user friendly interface through which to view estate agents various offerings.

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Bear with me on this.

The agents/rightmove/the media etc shgould be brought to task for inflating the housing bubble.

Clearly rightmove are a force for convincing the great unwashed that their houses are worth much more than they really are, therefore trading standards shoudl really have a word with them

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Bear with me on this.

The agents/rightmove/the media etc shgould be brought to task for inflating the housing bubble.

Clearly rightmove are a force for convincing the great unwashed that their houses are worth much more than they really are, therefore trading standards shoudl really have a word with them

The responsibility is surely down to the purchaser and lender (if involved). If you walk past a supermarket tonight and they are advertising a special offer on bread at £5 per loaf, are you going to go in and buy some?

Of course, if all of the supermarkets got together and everyone charged £5 per loaf, you would have no choice but to pay the inflated amount or stay out of the bread market.

Ramping of prices is not illegal. Lots of informed people on this site make the choice to stay out of the market until value returns. Don't forget that a large proportion of the population are actually in favour of high prices, so they would see this as a good thing.

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Should rightmove be reported to trading standards ?

They seem to advertise house's at prices which are misleading and could potentially cause someone to over-pay 10,000's of pounds for a house.

By their own admission through their rightmove average house price index they are advertising houses at 10's of thousands of pounds over average selling prices.

This could be seen as an attemnpt to con the most vulnerable people in society. A practice which would be deemed illegal for any other product perhaps.

I don't see a problem with that. Rightmove tells you what people are asking for their property. A lot of people are asking over the odds, and Rightmove's figures reflect that.

Where I do have a problem is the shared ownership prices, and the buy now, pay later schemes that some property developers operate. Those make the prices look lower than they really are.

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If the buyers are stupid and willing to over pay a house it's their own fault and the lender's. You could blame the education system for failing to provide its citizens with the adequate skills to evaluate assets, if you really really want to stretch it.

But surely it's not Rightmove's fault, they are just doing their job.

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Fair points.

The trouble is they really need to legislate for peoples stupidity and greed.

How do you do that ?

You cant ramp share prices the way the agents/media and rightmove do with property prices, why should they ban one and not the other.

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