GAL BEAR Posted February 22, 2006 Share Posted February 22, 2006 I was in the work Canteen with two women who are trying to sell their houses. (in or around the Romford areas). Both have been on sale for betwen 6 - 9 months. One of them had the Daily Mail which had an item about houseprices reaching the £200,000 barrier. "I'm sorry but I just don't believe house prices are going up! "We have had ours on for months, we have reduced it, moved it to about 5 different agents and still no-ones interested."The other lady was less forthcoming but did nod in agreement. The First lady said that she had several other friends and family who were all in the same boat! I of course jumped in at that point and said not to believe those figures as they were based on ASKING PRICES and the only figures she should trust were LAND REGISTRY. I also then explained to them both lots of things I have gleaned on here. 1. Media are in BUY TO LET so need to report Market doing well. 2 Figures can be 'scewed' "seasonally adjusted etc. 3. The potential SIPS fiasco could have had an impact. I then asked them both could they afford to buy their homes now. They both admitted that even on their present salaries they could not ! (they are both 'older' ladies who hubbies have got good jobs so earn good money). We then quite a debate about the housing market and I think they both saw the light. Both of them said they could not see themselves selling in the near future. I made it quite clear to them that they would sell if they reduced the price satisfactorily. Well we will see ! Quote Link to comment Share on other sites More sharing options...
frugalista Posted February 22, 2006 Share Posted February 22, 2006 So, the reality on the ground is very different from the appearances in the media. Who'd have thought it? Did you also mention that Rightmove is about to float on the stock market, and therefore they have a huge vested interest in making the market look buoyant? frugalista Quote Link to comment Share on other sites More sharing options...
PostalVote Posted February 22, 2006 Share Posted February 22, 2006 The First lady said that she had several other friends and family who were all in the same boat! Would that be the boat we were told we'd missed? Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted February 22, 2006 Share Posted February 22, 2006 Would that be the boat we were told we'd missed? Yep, that's it. The Gravy Boat. Quote Link to comment Share on other sites More sharing options...
Mushroom Posted February 22, 2006 Share Posted February 22, 2006 It's those stupid buyers again. When will they realise they gotta get in there before prices shoot up again. Quote Link to comment Share on other sites More sharing options...
ʎqɐqɹǝʞɐɥs Posted February 22, 2006 Share Posted February 22, 2006 I was in the work Canteen with two women who are trying to sell their houses. (in or around the Romford areas). Both have been on sale for betwen 6 - 9 months. One of them had the Daily Mail which had an item about houseprices reaching the £200,000 barrier. "I'm sorry but I just don't believe house prices are going up! "We have had ours on for months, we have reduced it, moved it to about 5 different agents and still no-ones interested."The other lady was less forthcoming but did nod in agreement. The First lady said that she had several other friends and family who were all in the same boat! I of course jumped in at that point and said not to believe those figures as they were based on ASKING PRICES and the only figures she should trust were LAND REGISTRY. I also then explained to them both lots of things I have gleaned on here. 1. Media are in BUY TO LET so need to report Market doing well. 2 Figures can be 'scewed' "seasonally adjusted etc. 3. The potential SIPS fiasco could have had an impact. I then asked them both could they afford to buy their homes now. They both admitted that even on their present salaries they could not ! (they are both 'older' ladies who hubbies have got good jobs so earn good money). We then quite a debate about the housing market and I think they both saw the light. Both of them said they could not see themselves selling in the near future. I made it quite clear to them that they would sell if they reduced the price satisfactorily. Well we will see ! You are a nugget of anocdotal stories, random chit-chat, and no doubt gossip. Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted February 22, 2006 Share Posted February 22, 2006 You are a nugget of anocdotal stories, random chit-chat, and no doubt gossip. That is what Gal Bears are for! Quote Link to comment Share on other sites More sharing options...
Guest horace Posted February 22, 2006 Share Posted February 22, 2006 (edited) Ah Essex gals!! Always prepared to take it head on. Love `em to bits!! horace Edited February 22, 2006 by horace Quote Link to comment Share on other sites More sharing options...
wifeling-smi Posted February 22, 2006 Share Posted February 22, 2006 "I'm sorry but I just don't believe house prices are going up! "We have had ours on for months, we have reduced it, moved it to about 5 different agents and still no-ones interested."The other lady was less forthcoming but did nod in agreement. Surely if house prices are going up, then any house coming on the market, in any condition, will sell to someone and quickly?? As I see it, the only situations in which houses don't sell is when supply outstrips demand, or when there's a downturn (or full-blown crash) on the not too distant horizon... Hmmmmmmm, wonder which one it could be??? Quote Link to comment Share on other sites More sharing options...
GAL BEAR Posted February 23, 2006 Author Share Posted February 23, 2006 Would that be the boat we were told we'd missed? Quote Link to comment Share on other sites More sharing options...
coolaftershave Posted February 23, 2006 Share Posted February 23, 2006 Would that be the boat we were told we'd missed? Heard this somewhere on this site... ...and the boat that we missed was called the Titanic. I am glad I did not buy a ticket... Quote Link to comment Share on other sites More sharing options...
shermanator Posted February 23, 2006 Share Posted February 23, 2006 Yep, that's it. The Gravy Boat. What, not the Titantic? Quote Link to comment Share on other sites More sharing options...
geranium Posted February 23, 2006 Share Posted February 23, 2006 The media are mostly in LONDON where there seems to be annoyingly rampant HPI at the moment. They're reporting average UK figures (distorted by London). They don't question the figures because on the ground in London they have seen a pick up, compared to last year, when no-one could sell their house. Quote Link to comment Share on other sites More sharing options...
eurows Posted February 23, 2006 Share Posted February 23, 2006 ...and the boat that we missed was called the Titanic.I am glad I did not buy a ticket... and the band kept playing........ Quote Link to comment Share on other sites More sharing options...
sammysnake Posted February 23, 2006 Share Posted February 23, 2006 aint no rising in Derby more properties and total stagnation You know the film Italian job, the van just ready to tip over the edge...... Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted February 23, 2006 Share Posted February 23, 2006 What, not the Titantic? Sorry, yes. The bulls would say the gravy boat! Not many survivors were there? Once more, you've opened the door...... Sorry, yes. The bulls would say the gravy boat! Not many survivors were there? Once more, you've opened the door...... Sorry Horace, 'was there?' Quote Link to comment Share on other sites More sharing options...
undersupply Posted February 23, 2006 Share Posted February 23, 2006 Ah Essex gals!! Always prepared to take it head on. horace is that a horatio reference, horace? Quote Link to comment Share on other sites More sharing options...
CrashBear Posted February 23, 2006 Share Posted February 23, 2006 So, the reality on the ground is very different from the appearances in the media. Who'd have thought it? Did you also mention that Rightmove is about to float on the stock market, and therefore they have a huge vested interest in making the market look buoyant? frugalista peoples opinions are not as bullish as they were 6-8months ago... but I still don't think the majority have turned bearish yet. Quote Link to comment Share on other sites More sharing options...
Badlad1967 Posted February 23, 2006 Share Posted February 23, 2006 Agreed. But people are starting to wonder... I've heard quite a few people at work laugh at the fact that the average house price is now over £200K. "Oh well, my kids will be renting forever then..." Said in a very disbelieving, sarcastic tone... Quote Link to comment Share on other sites More sharing options...
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