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

The Latest Rightmove Survey .....

Recommended Posts

I was pleasantly surprised when I completed the most recent Rightmove survey.

The logical inconsistencies of previous surveys are now gone.

It is also possible to give an opinion about the value of houses now and in the future. The largest drop is only 10% but at least the structure of the survey is a step in the right direction. There is also a question about timing of purchases and sales which supports the notion that there is a quite effective buyers strike going on. There are a few breaking ranks but not many based on recent transaction levels.

The fact that the market might actually start to fall harder than the gentle drops that we have seen recently seems to be becoming embedded in the mindset of Rightmove given the more bearish structure of their survey.

This is yet another leading indicator to suggest that the market is slowly catching up with most people here.

Share this post


Link to post
Share on other sites

Ah, but do you expect this to have any meaningful impact on their next HPI, due April 18? ;)

Not at all.

The market moves at glacial pace until it reaches some sort of critical mass and then it falls very quickly. This is simply another nudge in the right direction and is clearly not enough for it to reach critical mass.

The market is Fukushima'd. It just doesn't know it yet.

Share this post


Link to post
Share on other sites

There is also a question about timing of purchases and sales which supports the notion that there is a quite effective buyers strike going on. There are a few breaking ranks but not many based on recent transaction levels.

The fact that the market might actually start to fall harder than the gentle drops that we have seen recently seems to be becoming embedded in the mindset of Rightmove given the more bearish structure of their survey.

This is yet another leading indicator to suggest that the market is slowly catching up with most people here.

Buyers can do more than simply sit on their hands. There are thousands of us, and we need to be more active to counter the constant propaganda spewed out by the giant government/banking/housing axis to keep the bubble inflated. I know there are a few HPCers doing this, there should be thousands.

If you see a house that you genuinely fancy but is way over priced, go have a look, make a lot of enthusiastic noises (to get their hopes up - it softens the target), then make an offer correspondingly lower than what you believe the house is worth. If you get lucky they'll meet you half way, and you've won, but if not, and if enough of us do this, sellers' confidence will be seriously undermined. Every so-called 'derisory' offer is a ***** in the bubble.

At the moment there are too many of us behaving like helpless spectators, we have a great opportunity to wield our power to influence the market.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 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%



×
×
  • Create New...

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.