TheCountOfNowhere Posted May 6, 2014 Share Posted May 6, 2014 I watched an interesting TV program last night about how shops try and sell you stuff using sneaky techniques, can't remember what it's called. The jist of it was "clothes stores" put all their stuff that they can't sell on a rail at the door with a sign "last chance to buy" on it and idiot buyers snap it up !!! They had a sales psychologist on explaining that is was human nature to acquire a commodity that is running low ( a survival instinct as it were ), hence why the shops used this as a way of getting people to buy stuff that no one really wanted. I drove past a new housing estate at the weekend, on the outskirts of Towcester, being build right on the busy dual carriageway that bypasses the place.....the FOR SALE sign had been plastered with "LAST CHANCE TO BUY". You couldn't make it up Caveat emptor. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted May 6, 2014 Share Posted May 6, 2014 They need to add Last Chance to Buy before prices go up! Quote Link to comment Share on other sites More sharing options...
FreeFall Posted May 6, 2014 Share Posted May 6, 2014 I watched an interesting TV program last night about how shops try and sell you stuff using sneaky techniques, can't remember what it's called. Can't remember the name of the prgram, but saw a few minutes of it. In general it's just marketing. From experience it works best the lower down Maslow's hierarchy as person is. Unfortunately some people never get above the bottom couple of tiers, and this is why marketing in general works, and there is always the "greater fool". Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 6, 2014 Author Share Posted May 6, 2014 They need to add Last Chance to Buy before prices go up! down! Quote Link to comment Share on other sites More sharing options...
Corruption Posted May 6, 2014 Share Posted May 6, 2014 They need to add Last Chance to Buy before prices go up! I had that magical line spoken to me by an estate agent the other month, i always thought it was a myth that people came up with that kind of crap ... and i sold property overseas for several years! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 6, 2014 Author Share Posted May 6, 2014 I had that magical line spoken to me by an estate agent the other month, i always thought it was a myth that people came up with that kind of crap ... and i sold property overseas for several years! It's not a line...according to this program it's a psychological gimmick well know to part idiots from their cash. Excuse the paraphrasing Next time one of them says it, ask them if they learnt that in estate agent school. You miss the other side of the coin though...if they had to emply such techniques it means it's the last of their stock that they can't seem to shift !!!! i.e. They might well be struggling to sell houses !!! Quote Link to comment Share on other sites More sharing options...
Corruption Posted May 6, 2014 Share Posted May 6, 2014 It's not a line...according to this program it's a psychological gimmick well know to part idiots from their cash. Excuse the paraphrasing Next time one of them says it, ask them if they learnt that in estate agent school. You miss the other side of the coin though...if they had to emply such techniques it means it's the last of their stock that they can't seem to shift !!!! i.e. They might well be struggling to sell houses !!! I was annoyed that the little cnt thought id be so stupid to fall for such nonsense. So i explained that people on average wages "like himself" can't afford to buy 2 bed flats in this area at present so its unlikely to go higher. He then boasted how his pay packet was looking healthy! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 6, 2014 Author Share Posted May 6, 2014 Well done Quote Link to comment Share on other sites More sharing options...
disenfranchised Posted May 6, 2014 Share Posted May 6, 2014 Estate agents are generally odious little worms, up there with VOSA inspectors, recruitment consultants and parking wardens. Quote Link to comment Share on other sites More sharing options...
mmt Posted May 6, 2014 Share Posted May 6, 2014 I was with a couple of old friends last weekend and their parents had genuinely advised them to take on the largest mortgage they could get. House prices only ever go up and you don't want to miss the boat. Selling their own children up the Ponzi. Of course, when I questioned this I was given the usual stunned silent treatment. Quote Link to comment Share on other sites More sharing options...
council dweller Posted May 6, 2014 Share Posted May 6, 2014 That`s a bit strong, some of my best friends are odious little worms. No estate agents though. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 6, 2014 Author Share Posted May 6, 2014 I was with a couple of old friends last weekend and their parents had genuinely advised them to take on the largest mortgage they could get. House prices only ever go up and you don't want to miss the boat. Selling their own children up the Ponzi. Of course, when I questioned this I was given the usual stunned silent treatment. Been there. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted May 6, 2014 Share Posted May 6, 2014 I was with a couple of old friends last weekend and their parents had genuinely advised them to take on the largest mortgage they could get. House prices only ever go up and you don't want to miss the boat. Selling their own children up the Ponzi. Of course, when I questioned this I was given the usual stunned silent treatment. To be fair if you take the long term view this is correct. However we appear to be around the peak moment unless of course the banks adopt a finance model where you own 50% of the property and then take on the other 50%. As property only ever goes up this would make sense as a business model and in no way would it make the banks too big to fail.... Quote Link to comment Share on other sites More sharing options...
long time lurking Posted May 6, 2014 Share Posted May 6, 2014 I was with a couple of old friends last weekend and their parents had genuinely advised them to take on the largest mortgage they could get. House prices only ever go up and you don't want to miss the boat. Selling their own children up the Ponzi. Of course, when I questioned this I was given the usual stunned silent treatment. Just ask them to have a look at what happened in Ireland Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 6, 2014 Author Share Posted May 6, 2014 Just ask them to have a look at what happened in Ireland To be sure. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted May 6, 2014 Share Posted May 6, 2014 I have to admit that I have tuned out all the past 4 to 6 weeks due to the almost daily hyping up of the housing market... but suddenly things appear to be changing and the bubble word is used regularly now. I keep being told that the UK economy is booming but other than a massive housing bubble being created I see no sign of any other boom. Friends just returned from a few days in Spain - told me about seeing houses for sale with signs for 500K Euros outside of them... the 500K crossed out and the sums gradually getting less and less, more crossings out, until the prices are down around 90K Euros. Quote Link to comment Share on other sites More sharing options...
rentbug Posted May 6, 2014 Share Posted May 6, 2014 Just ask them to have a look at what happened in Ireland And Japan. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 6, 2014 Author Share Posted May 6, 2014 I have to admit that I have tuned out all the past 4 to 6 weeks due to the almost daily hyping up of the housing market... but suddenly things appear to be changing and the bubble word is used regularly now. I keep being told that the UK economy is booming but other than a massive housing bubble being created I see no sign of any other boom. Friends just returned from a few days in Spain - told me about seeing houses for sale with signs for 500K Euros outside of them... the 500K crossed out and the sums gradually getting less and less, more crossings out, until the prices are down around 90K Euros. I agree. looks like it's all coming together ( or falling apart if you are a mortgage owner ). You must have been happy with the 4.2% monthly fall for Wales in the land reg figures ? Hardly a sign of a booming housing market. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted May 6, 2014 Share Posted May 6, 2014 I agree. looks like it's all coming together ( or falling apart if you are a mortgage owner ). You must have been happy with the 4.2% monthly fall for Wales in the land reg figures ? Hardly a sign of a booming housing market. 4.2% fall in Wales??? Seriously? That is how disengaged I have become. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 6, 2014 Author Share Posted May 6, 2014 4.2% fall in Wales??? Seriously? That is how disengaged I have become. 4.2% fall in Wales??? Seriously? That is how disengaged I have become. Blimey TMT, what have you been doing !!! The 4.2% quote came from here: http://www.housepricecrash.co.uk/forum/index.php?showtopic=198263&hl=%2Bland+%2Bregistry#entry1102508993 And here: http://www.landregistry.gov.uk/media/all-releases/press-releases/2014/market-tren-data-march-2014 "Wales Monthly -4.2% Annual -1.6% £113,275" Get yourself round some estate agents and tell them they are deluded ***ts after all. Quote Link to comment Share on other sites More sharing options...
renting til I die Posted May 6, 2014 Share Posted May 6, 2014 (edited) I was with a couple of old friends last weekend and their parents had genuinely advised them to take on the largest mortgage they could get. House prices only ever go up and you don't want to miss the boat. Selling their own children up the Ponzi. Of course, when I questioned this I was given the usual stunned silent treatment. Well there's two friends you won't hear from again! I've generally learned to keep my mouth shut when people start talking about buying houses. When they do ask me why I haven't bought anything I just tell them that I went to a broker and the misses and I don't earn enough. Then they feel sorry for me because I've missed the boat! Poor me! Ha Edited May 6, 2014 by renting til I die Quote Link to comment Share on other sites More sharing options...
renting til I die Posted May 6, 2014 Share Posted May 6, 2014 To be fair if you take the long term view this is correct. However we appear to be around the peak moment unless of course the banks adopt a finance model where you own 50% of the property and then take on the other 50%. As property only ever goes up this would make sense as a business model and in no way would it make the banks too big to fail.... Mainly due to inflation. Prices go up and the true inflation adjusted value has also been going up but will this continue? How out of whack can the ratio of prices to income get before something gives? Currently so many people are sold on the property 'only ever goes up' lie it will take a Japan situation, of a big fall in prices and then years and years of declining prices to get people to look at houses purely as homes again, not investments, pensions or free money boxes. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted May 6, 2014 Share Posted May 6, 2014 Blimey TMT, what have you been doing !!! The 4.2% quote came from here: http://www.housepricecrash.co.uk/forum/index.php?showtopic=198263&hl=%2Bland+%2Bregistry#entry1102508993 And here: http://www.landregistry.gov.uk/media/all-releases/press-releases/2014/market-tren-data-march-2014 "Wales Monthly -4.2% Annual -1.6% £113,275" Get yourself round some estate agents and tell them they are deluded ***ts after all. They'll just say that Swansea is different. War in central Europe might change things though. Quote Link to comment Share on other sites More sharing options...
Corruption Posted May 6, 2014 Share Posted May 6, 2014 (edited) Mainly due to inflation. Prices go up and the true inflation adjusted value has also been going up but will this continue? How out of whack can the ratio of prices to income get before something gives? Currently so many people are sold on the property 'only ever goes up' lie it will take a Japan situation, of a big fall in prices and then years and years of declining prices to get people to look at houses purely as homes again, not investments, pensions or free money boxes. If prices were to fall 50% tomorrow, buy 2 let with all the tax incentives it has would still be a good investment. These need gotten rid of. Edited May 6, 2014 by Corruption Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 6, 2014 Author Share Posted May 6, 2014 (edited) They'll just say that Swansea is different. War in central Europe might change things though. got to laugh...wait till its4% 6 months running.has there ever been such a large drop? Edited May 6, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
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