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

Number Of Auction Properties Rising ?

Recommended Posts

I watch the number of auction properties listed on rightmove for NN1 + 40 miles.

For the last 3 years it's been sat around the 120->140 mark, never higher.

Has crept up recently though and is now at the 220 mark !!!!

Someone, somewhere thinks it's time to sell.

Share this post


Link to post
Share on other sites

The markets rising so of course it's time to sell.

It amazes me on this forum with QE,FLS,HTB,mortgage forbearance,historically cheap interest rates that you think a crash is always just around the corner.

Economy is showing some resurgence,barring eurozone collapse you won't get a crash until rates rise significantly.

Cheap credit = A lot of takers,houses are over valued compared to wages,but peeps only care about their monthly repayments.

A lot of 'knee jerkers' on here,a thread on Cyprus bringing down the entire eurozone made me fall off my chair in uncontrollable fits of hysterical laughter!

Only chance of a price decline is events outside of UK,the UK gov is hell bent on preventing a collapse & will probably extend HTB too.

Your graph showing real house price decline is meaningless unless real wages have increased significantly which they have,nt.

Share this post


Link to post
Share on other sites

The markets rising so of course it's time to sell.

It amazes me on this forum with QE,FLS,HTB,mortgage forbearance,historically cheap interest rates that you think a crash is always just around the corner.

Economy is showing some resurgence,barring eurozone collapse you won't get a crash until rates rise significantly.

Cheap credit = A lot of takers,houses are over valued compared to wages,but peeps only care about their monthly repayments.

A lot of 'knee jerkers' on here,a thread on Cyprus bringing down the entire eurozone made me fall off my chair in uncontrollable fits of hysterical laughter!

Only chance of a price decline is events outside of UK,the UK gov is hell bent on preventing a collapse & will probably extend HTB too.

Your graph showing real house price decline is meaningless unless real wages have increased significantly which they have,nt.

There are not a ""lot of takers "" hence the need for help to buy and this is with B.O.E base rate at a 300 year low

Look at gilt rates over the last few months and that will give a little insight into the reasons for all the green shoots and resurgence talk ,but yes I will concede TPTB have and will pull out all the stops as the UK`s economy is the housing market

I will believe the MSM claptrap when B.O.E base is 4-5% and please could you explain to me the reasons behind 0.5% IR`s and the implications for the housing market if B.O.E base was 4-5%

It`s all about bailing out the banks borrow at 0.5% through FLS lend at 5.0% + now with15% of the capital insured by the taxpayer nice work if you can get it IMO

Share this post


Link to post
Share on other sites

The markets rising so of course it's time to sell.

It amazes me on this forum with QE,FLS,HTB,mortgage forbearance,historically cheap interest rates that you think a crash is always just around the corner.

Economy is showing some resurgence,barring eurozone collapse you won't get a crash until rates rise significantly.

Cheap credit = A lot of takers,houses are over valued compared to wages,but peeps only care about their monthly repayments.

A lot of 'knee jerkers' on here,a thread on Cyprus bringing down the entire eurozone made me fall off my chair in uncontrollable fits of hysterical laughter!

Only chance of a price decline is events outside of UK,the UK gov is hell bent on preventing a collapse & will probably extend HTB too.

Your graph showing real house price decline is meaningless unless real wages have increased significantly which they have,nt.

comedy gold...which branch of foxtons do you work at?

the crash is half way through....prices relative to everything except the working mans wage packet has collapsed...FACT.

that situation can't last forever...FACT.

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites

There are not a ""lot of takers "" hence the need for help to buy and this is with B.O.E base rate at a 300 year low

Look at gilt rates over the last few months and that will give a little insight into the reasons for all the green shoots and resurgence talk ,but yes I will concede TPTB have and will pull out all the stops as the UK`s economy is the housing market

I will believe the MSM claptrap when B.O.E base is 4-5% and please could you explain to me the reasons behind 0.5% IR`s and the implications for the housing market if B.O.E base was 4-5%

It`s all about bailing out the banks borrow at 0.5% through FLS lend at 5.0% + now with15% of the capital insured by the taxpayer nice work if you can get it IMO

Tbh we don't know if there will be a lot of takers for HTB yet,HTB 2 has only just been brought forward from next year,this can be used for existing housing stock,not just new builds.

We do know 1st time buyer nos are increasing which will 'lubricate' the housing chain.

It's worth remembering during the last boom the BOE base rate was

July 2007 5.75% & Dec 2007 5.50%,way,way above the 0.5% rate today.

Though i will concede living standards have taken a beating since then,fuel,food all up,wages stagnant.

I really do believe house prices at 3>4 times average salary will not return & we won't see the transaction volumes aka the last boom ever again.

I agree the interest rates on HTB are too steep,but unfortunately they'll be enough peeps to take it amidst all the market hype.

Market sentiment,a significant driver of HPI is filtering through to the 'general public'.

Would i buy now,no i would'nt unless i could negotiate 15%>20% off the asking price.

But i can understand others who may want to buy now,low rates,gov help,blah,blah!

Share this post


Link to post
Share on other sites

Tbh we don't know if there will be a lot of takers for HTB yet,HTB 2 has only just been brought forward from next year,this can be used for existing housing stock,not just new builds.

We do know 1st time buyer nos are increasing which will 'lubricate' the housing chain.

It's worth remembering during the last boom the BOE base rate was

July 2007 5.75% & Dec 2007 5.50%,way,way above the 0.5% rate today.

Though i will concede living standards have taken a beating since then,fuel,food all up,wages stagnant.

I really do believe house prices at 3>4 times average salary will not return & we won't see the transaction volumes aka the last boom ever again.

I agree the interest rates on HTB are too steep,but unfortunately they'll be enough peeps to take it amidst all the market hype.

Market sentiment,a significant driver of HPI is filtering through to the 'general public'.

Would i buy now,no i would'nt unless i could negotiate 15%>20% off the asking price.

But i can understand others who may want to buy now,low rates,gov help,blah,blah!

has this got any relevance to the original post?

Share this post


Link to post
Share on other sites

Tbh we don't know if there will be a lot of takers for HTB yet,HTB 2 has only just been brought forward from next year,this can be used for existing housing stock,not just new builds.

We do know 1st time buyer nos are increasing which will 'lubricate' the housing chain.

It's worth remembering during the last boom the BOE base rate was

July 2007 5.75% & Dec 2007 5.50%,way,way above the 0.5% rate today.

Though i will concede living standards have taken a beating since then,fuel,food all up,wages stagnant.

I really do believe house prices at 3>4 times average salary will not return & we won't see the transaction volumes aka the last boom ever again.

I agree the interest rates on HTB are too steep,but unfortunately they'll be enough peeps to take it amidst all the market hype.

Market sentiment,a significant driver of HPI is filtering through to the 'general public'.

Would i buy now,no i would'nt unless i could negotiate 15%>20% off the asking price.

But i can understand others who may want to buy now,low rates,gov help,blah,blah!

Yes the rates were 5% plus in 07 but how much was a loaf of bread a gallon of petrol or a cubic meter of gas, then you have to look at the lending practices in the 3-4 years running up to 2007 especially self cert mortgage`s ,those days will never return in our lifetimes and it were those days tha got us to where we are now one of the most indebted countries in the world and thats on the privat scale and public

You talk about sentiment filtering through who`s telling you that ?

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:   205 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.