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Yankee

What's Happening In The Elite Market...

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Just stumbled across this article in September 8th issue of Country Life.

Anybody agree with their analysis of the elite market? Disagree?

http://www.countrylife.co.uk/property/news...le.php?id=68353

Confidence in the global economy is what drives big earners in the City to spend big bucks in the countryside. And with confidence lacking in the early part of this year, the markets for highly priced 'trophy' houses and second homes both took a tumble. Nobody wants to sell in a falling market, unless they absolutely have to, and, as can be seen in an analysis of properties for sale by price brackets (Fig 3), relatively few houses priced at more than £5m, or less than £500,000, were offered for sale.

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"Nobody wants to sell in a falling market, unless they absolutely have to"

Errrr...WRONG!!!!

I would happily sell into a falling market - and then buy back when it's cheaper. It's called going short - exactly what the STRs are doing. Why would I wait, and sell later when my property is worth less?????

Who the hell comes up with this cr@p???

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i can see this. you can imagine the squeaky conversations.

"one is trying to sell ones big flashy essex barn."

"oh, you simply mast wait until prices go back up darling."

they dont see the prices are falling, more like bottomed out.

this is how stupid they are. still. lets hang em'.

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i can see this. you can imagine the squeaky conversations.

"one is trying to sell ones big flashy essex barn."

"oh, you simply mast wait until prices go back up darling."

they dont see the prices are falling, more like bottomed out.

this is how stupid they are. still. lets hang em'.

You are indeed right. I had forgotten what idiots they are.

Just like the people that stubbornly held onto their dotcom shares when the market started falling, convinced that soon enough they would start to go up again.

Actually I shouldn't beso bilious about thick people. The more there are out there that will buy at the top of a market and sell at the bottom, the easier it is for me to make money.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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