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

Bbc: Hips Depress Market, Agents Say

Recommended Posts

Told you they would try to bury this today, sneaked onto the BBC site and skipping anything resembling a top spot. Plus no mention of house prices down until 3rd para.

http://news.bbc.co.uk/1/hi/business/6995259.stm

Estate agents have claimed that the new Home Information Packs (Hips) have depressed the market for four-bedroom houses in England and Wales.

Share this post


Link to post
Share on other sites
Guest The_Oldie
Told you they would try to bury this today, sneaked onto the BBC site and skipping anything resembling a top spot. Plus no mention of house prices down until 3rd para.

http://news.bbc.co.uk/1/hi/business/6995259.stm

And no mention at all on BBC television news. I wonder if the report would have enjoyed greater prominence had it shown a 2.6% rise in house prices :rolleyes:.

Edit:-

News at ten did just mention "one report" saying that prices fell in August, but they called it a "straw in the wind"

:rolleyes:

I missed that mention.

Share this post


Link to post
Share on other sites
a bit of a joke that every month that i can remember then the rightmove survey has been a 'top story' for the bbc - why not this time? jokers.

.......I never watch the BBC News....but if your assertion is correct my subconscious is telling me to keep away from such alliances....why do they sponsor the views of VI's .....are they all BTLers on the BBC.....?......good to take a production team poll.... :o:o:o

Share this post


Link to post
Share on other sites
And no mention at all on BBC television news. I wonder if the report would have enjoyed greater prominence had it shown a 2.6% rise in house prices :rolleyes:.

Edit:-

I missed that mention.

Yes, if you blinked you could easily have missed it!

(it was tagged on the end of the Northern Rock piece)

Share this post


Link to post
Share on other sites
I thought a shortage of supply of properties meant prices went up?

...only if sentiment is positive and there are enough buyers to raise the price.... :huh::huh::huh:

Edited by South Lorne

Share this post


Link to post
Share on other sites
I thought a shortage of supply of properties meant prices went up?

Yes and no, because the housing market is so illiquid. A stock market crash=massive volume of transactions (liquidity remains excellent) and plummeting prices. A housing crash starts off as transactions drying up, with price falls kicking in a year or so later. That happened in our last crash and in the ongoing USA one. Explained here: http://www.itulip.com/housingnotlikeequities.htm.

I think Rightmove are being disingenuous about the hips factor. The graph on page 3 of their report actually shows 4 bed houses coming onto the market falling in a nice smooth curve all the way from 1 June (beginning of graph) with just a slight up and down hiccup around 1 August. The graph would be a lot more informative if they extended it back to say March. I suspect that would confirm that the dwindling of instructions is a real trend, not a hips distortion.

Share this post


Link to post
Share on other sites
so this is the wrong type of shortage? :lol:

:lol: indeed, but that's exactly what it is. Let me link to this article again because it is so good: How housing bubbles burst. Its an Amerian article saying that housing crashes start as a loss of liquidity, with price drops starting later. It matches up exactly with what is happening in the States, and it is dated January 2004 - ie it is a genuine and 100% correct prediction of what has happened there and will happen here, not a bit of hindsight.

Share this post


Link to post
Share on other sites
:lol: indeed, but that's exactly what it is. Let me link to this article again because it is so good: How housing bubbles burst. Its an Amerian article saying that housing crashes start as a loss of liquidity, with price drops starting later. It matches up exactly with what is happening in the States, and it is dated January 2004 - ie it is a genuine and 100% correct prediction of what has happened there and will happen here, not a bit of hindsight.

...yeah ...and this is where the change of buyers sentiment comes in...

The reason is a reversal in the psychology of buyers that developed at the top of a speculative housing market. Buyers had been buying at prices they knew were too high but on the assumption that they'd be able to sell if they needed to. The thought was: "Ok, maybe it's overpriced, but at least I'll be able to sell it later for at least what I paid for it, but likely more."

......explained explicitly....... <_<<_<<_<

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 355 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

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.