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TheCountOfNowhere

Number Of Auction Properties Rising ?

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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.

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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.

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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

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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

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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!

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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?

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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 ?

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  • 407 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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