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The Masked Tulip

Greed Stifles Welsh Property Market

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PROFIT-HUNGRY homeowners are strangling the Welsh property market by demanding too much for their houses, experts warned yesterday.

They say some of the blame for unrealistic house prices lies with estate agents who "gild the lily" to ensure they get the property on their books.

But one estate agent said some vendors - particularly in the upper end of the market - insisted on high asking-prices out of vanity.

Full story:

Greed stifles Welsh property market

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Ah the old HPC 'Greed' mantra.

As Ive always said, you guys dishing out the greed label is disengenous. Every one of you is greedy when it comes to trading - in your car. You will be no different when it comes to selling your own homes, you will not be greedy, just accepting what the market is prepared to pay.

Ive often found people who claim they are not greedy, make sure they get every ounce of dosh out of thier employer.

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Ah the old HPC 'Greed' mantra.

As Ive always said, you guys dishing out the greed label is disengenous. Every one of you is greedy when it comes to trading - in your car. You will be no different when it comes to selling your own homes, you will not be greedy, just accepting what the market is prepared to pay.

Ive often found people who claim they are not greedy, make sure they get every ounce of dosh out of thier employer.

One of the few sensible postings on this increasingly desperate website.

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One of the few sensible postings on this increasingly desperate website.

not really

happens around here all the time - someone on a road sells their house for x, the person down the road puts their house up for x+10% - there seems to be a concept that every house sale has to be for 10% more than its most recent equivalent

i feel sorry for the bulls who really don't understand the bigger picture, particularly the air heads

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People have always done their best to get the highest price for their houses, and indeed for anything else they're selling (including their time to their employer). It's a fundamental mechanism of markets and not the cause of this bubble. In more rational times people simply wouldn't buy the 10% overvalued houses and they'd just be forced to drop them.

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this increasingly desperate website

Trolls really are out in force again lately. Is this the 'spring bounce'?

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Why are you here? Seriously!? B)

She's needed. This site is in the main one big mutual agreement club, its getting boring. We need robust opposing views to make it interesting.

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People have always done their best to get the highest price for their houses, and indeed for anything else they're selling (including their time to their employer). It's a fundamental mechanism of markets and not the cause of this bubble. In more rational times people simply wouldn't buy the 10% overvalued houses and they'd just be forced to drop them.

and that's exactly what has happened

the locak EAs do seem to have shifted a load of houses in Jan and Feb but they have now added about 10% to the replacement stock and surprise surprise, sales have come to a halt again

why could they not have been happy with just having the turnover? probably because of what i described, people are greedy and tend to think their house is worth more than everyone elses

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She's needed. This site is in the main one big mutual agreement club, its getting boring. We need robust opposing views to make it interesting.

NO WE DON"T how's that?

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There's no way Dai Reese is going to put "The Ponderosa" on for anything less than the going rate plus 10% is there? :lol:

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  • 301 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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