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

X Thousand Properties On Rightmove Hence No Housing Shortage

Recommended Posts

Something that doesn’t ring true for me but is oft repeated on this site:-

“There is no shortage of property, I just looked on Rightmove and there are X thousand listings on there”.

When a significant proportion of the sellers of an existing property do not require another property to move into or there is a mass of empty houses for sale, this could possibly be used as proof there is no shortage. Until then I really have no idea where people saying this are coming from. Please enlighten me!

I'm a ludicrously priced out potential first-time-buyer so I'm certainly not keen on the current situation. I just want the reality - not the apparent propaganda I see here that often seems equally as skewed as what comes from the Vested Interest bulls.

Share this post


Link to post
Share on other sites
Guest Shedfish

instinctively, i'd see a static or falling supply as a possible sign of shortage. here's a snapshot of 3 of the bigger web portals' supply numbers, over the past 6 months

------

Rightmove 21 April 07

http://web.archive.org/web/20070421152640/...ightmove.co.uk/

615,000

Rightmove 16 October 07

http://www.rightmove.co.uk/

900,000

46% increase in 6 months

------

Findaproperty 5 April 07

http://www.housepricecrash.co.uk/forum/ind...st&p=603156

297,702

Findaproperty 16 October 07

http://www.findaproperty.com/

389,431

31% increase in 6 months

------

Home.co.uk 16 April 07

http://web.archive.org/web/20070416042116/...www.home.co.uk/

701,162

Home.co.uk 16 October 07

http://www.home.co.uk/

816,249

16% increase in 6 months

------

Share this post


Link to post
Share on other sites

A lot of the stuff coming onto Rightmove in Cambridge is new-build, so this is outright new supply. Also stuff added due to deaths and btl bail-outs, indicated by "no upward chain". The former is new supply, the latter might be after tenants booted out so less straightforward.

But in general it's hard to square the increases in property for sale with a supply shortage. There's certainly a shortage of effective demand among would-be ftbers (effective demand being demand backed by money).

Share this post


Link to post
Share on other sites

shortage of property at affordable prices - for now people can ask silly money and if they don't need to sell, won't drop their prices - however, sooner or later (and probably sooner), EAs will start to tell people to drop prices as they will need turnover

Share this post


Link to post
Share on other sites

Huge amounts of property in my area... good post.

There is no problem.

Many of the new ones in the mid-Norfolk area are shared offered? What a crock!

But I think it shows that people just cannot afford houses.

Maybe these shared dodgy deals will collapse in the market or prolong the downturn. Wait and see time for me in Norfolk.

Also some flats on the market for over 3 years (or back on) IIRC.

And lastly Oil is and has been a major bellwether for me so maybe, just maybe it continue to gain momentum and BANG...

It's all lined up to do so, the people expect it now they have been tuned. :lol:

Share this post


Link to post
Share on other sites
Something that doesn’t ring true for me but is oft repeated on this site:-

“There is no shortage of property, I just looked on Rightmove and there are X thousand listings on there”.

When a significant proportion of the sellers of an existing property do not require another property to move into or there is a mass of empty houses for sale, this could possibly be used as proof there is no shortage. Until then I really have no idea where people saying this are coming from. Please enlighten me!

I'm a ludicrously priced out potential first-time-buyer so I'm certainly not keen on the current situation. I just want the reality - not the apparent propaganda I see here that often seems equally as skewed as what comes from the Vested Interest bulls.

...plenty of houses but many potential buyers can no longer obtain mortgage facilities due to the 'crunch'.....sellers are reluctant to move prices down and this pincer movement causes a build up of 'stock on hold in Rightmove' ..... :P:lol::P

Share this post


Link to post
Share on other sites

There isnt a shorage of houses...if there were then rental would have kept up with HPI.

There has been shortage of houses to buy due to the sheeple snapping up everything on the market that they COULD get their hands on. However the tap has just been turned off on their supply of cheap money. We are at the begining and soon market forces will kick in.

Share this post


Link to post
Share on other sites

We've had a 'run' on housing, one utterly contrived and manipulated into existence by the Bankrupt of England and pretty much the whole lending industry, the political party in power loved it, it made them electable desptie the utter mayhem they have wrought elsewhere.

Funny, they make such a fuss over their own little bank run, a run which has left the Bankrupt of England the 125% lender of last resort. Who would have thought that the "together" mortgage would have meant the Northern Rock and the Bankrupt of England 'together" in their own little subprime lending cesspool.?

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.