Kyoto Posted July 26, 2010 Share Posted July 26, 2010 (edited) OK so this is a bearish article based on a Rightmove survey: http://www.telegraph.co.uk/finance/personalfinance/7906850/Confidence-falls-in-higher-house-prices.html But a question.... In the current economic environment, with all of the talk of austerity, record unemployment, limited mortgage availability, high deposit requirements, housing benefit cuts, capital gains changes, overbuilding etc.... How can 41% of people browsing Rightmove think property is set to rise this year? Do they walk around with their eyes and ears closed? Edit - I guess the 'browsing Rightmove' makes them a self selecting group in some ways, but I bet this still adds up to a fair few. Edited July 26, 2010 by Kyoto Quote Link to comment Share on other sites More sharing options...
Realistbear Posted July 26, 2010 Share Posted July 26, 2010 (edited) OK so this is a bearish article based on a Rightmove survey: http://www.telegraph.co.uk/finance/personalfinance/7906850/Confidence-falls-in-higher-house-prices.html But a question.... In the current economic environment, with all of the talk of austerity, record unemployment, limited mortgage availability, high deposit requirements, housing benefit cuts, capital gains changes, overbuilding etc.... How can 41% of people browsing Rightmove think property is set to rise this year? Do they walk around with their eyes and ears closed? PSR syndrome.* *Positive self-reinforcement is a form of denial reaction to stressful situations in which a loss threatens well being. Edited July 26, 2010 by Realistbear Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted July 26, 2010 Share Posted July 26, 2010 PSR syndrome.* *Positive self-reinforcement is a form of denial reaction to stressful situations in which a loss threatens well being. and 58% think they will be flat, id wager. Quote Link to comment Share on other sites More sharing options...
Johnny Storm Posted July 26, 2010 Share Posted July 26, 2010 OK so this is a bearish article based on a Rightmove survey: http://www.telegraph.co.uk/finance/personalfinance/7906850/Confidence-falls-in-higher-house-prices.html But a question.... In the current economic environment, with all of the talk of austerity, record unemployment, limited mortgage availability, high deposit requirements, housing benefit cuts, capital gains changes, overbuilding etc.... How can 41% of people browsing Rightmove think property is set to rise this year? Do they walk around with their eyes and ears closed? Edit - I guess the 'browsing Rightmove' makes them a self selecting group in some ways, but I bet this still adds up to a fair few. They are probably basing on previous experience, that whatever happens house prices go up. I bet if you asked the general public the figure would be much higher. Quote Link to comment Share on other sites More sharing options...
Guest BetterOffOnBenefits Posted July 26, 2010 Share Posted July 26, 2010 I've had 2 conversations in the last fortnight where HP's have crept in. In both instances the phrase "always go up" was used. There are huge swathes of people who will NEVER, EVER, EVER get it. People who can display intelligence or knowledge in other areas but as soon as we're talking house prices, it's time for a trip to la la land I just despair. Even animals aren't this bloody stupid. Quote Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted July 26, 2010 Share Posted July 26, 2010 OK so this is a bearish article based on a Rightmove survey: http://www.telegraph.co.uk/finance/personalfinance/7906850/Confidence-falls-in-higher-house-prices.html But a question.... In the current economic environment, with all of the talk of austerity, record unemployment, limited mortgage availability, high deposit requirements, housing benefit cuts, capital gains changes, overbuilding etc.... How can 41% of people browsing Rightmove think property is set to rise this year? Do they walk around with their eyes and ears closed? Edit - I guess the 'browsing Rightmove' makes them a self selecting group in some ways, but I bet this still adds up to a fair few. Its positive contrarian confirmation, if the figure was 10% id probably be very bullish on houseprices, to be honest it woud be even better as a signal of declines if the percentage was up in the 60s Quote Link to comment Share on other sites More sharing options...
Menie Posted July 26, 2010 Share Posted July 26, 2010 OK so this is a bearish article based on a Rightmove survey: http://www.telegraph.co.uk/finance/personalfinance/7906850/Confidence-falls-in-higher-house-prices.html But a question.... In the current economic environment, with all of the talk of austerity, record unemployment, limited mortgage availability, high deposit requirements, housing benefit cuts, capital gains changes, overbuilding etc.... How can 41% of people browsing Rightmove think property is set to rise this year? Do they walk around with their eyes and ears closed? Edit - I guess the 'browsing Rightmove' makes them a self selecting group in some ways, but I bet this still adds up to a fair few. welcome to GB...you got plenty of stupid people... Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted July 26, 2010 Share Posted July 26, 2010 welcome to GB...you got plenty of stupid people... where the prevailing view is that its bankers fault for not lending so people can "afford" the high prices. talk about reverse logic. Quote Link to comment Share on other sites More sharing options...
exiges Posted July 26, 2010 Share Posted July 26, 2010 He suggested that the recovery in house prices during the next 12 months would rely on greater access to affordable mortgages. So.. he's saying that the only way of increasing house prices is by making them more affordable ?! Quote Link to comment Share on other sites More sharing options...
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