Jump to content
House Price Crash Forum
eric pebble

Mail: House Prices Plunge £18,000 In Just Two Months ...

Recommended Posts

Mr Spencer said that house prices were still around 7 per cent above the level justified by the ' fundamentals' of demand and supply.

Only 7%!!

However, he believes the eventual fall will be much steeper than this because of the slump in confidence and lack of availability of mortgage finance.

So fundamental reason for greater fall. :lol::lol::lol:

Share this post


Link to post
Share on other sites

LMAO - asking prices going down by thousands across the UK, prices plummeting but when you look at the chart it shows one place where asking prices have gone up - Wales! :lol::lol::lol:

That chart sums up the stupidity, IMPO, of those selling property in Wales currently.

All over the World the housing market is crashing but the Welsh are such financial giants that they can put their asking prices up! :lol:

Share this post


Link to post
Share on other sites
LMAO - asking prices going down by thousands across the UK, prices plummeting but when you look at the chart it shows one place where asking prices have gone up - Wales! :lol::lol::lol:

That chart sums up the stupidity, IMPO, of those selling property in Wales currently.

All over the World the housing market is crashing but the Welsh are such financial giants that they can put their asking prices up! :lol:

This article is about asking prices - what about getting prices i.e. real sales?

London immune - so many rich Russians etc. :lol::lol::lol:

Share this post


Link to post
Share on other sites
LMAO - asking prices going down by thousands across the UK, prices plummeting but when you look at the chart it shows one place where asking prices have gone up - Wales! :lol::lol::lol:

That chart sums up the stupidity, IMPO, of those selling property in Wales currently.

All over the World the housing market is crashing but the Welsh are such financial giants that they can put their asking prices up! :lol:

I've friends in Wales, talked one out of buying last year, she is currently laughing as her mates who bought are now in negative equity, we are talking 2 bed flats mind you.

Share this post


Link to post
Share on other sites
Dare i say Newport not Swansea? :-)

"Ah," I can hear a Swansea EA saying. "That explains it... Newport is not Swansea and Swansea is different!" :lol:

Only the Welsh would be so stupid/arrogant/whatever to put up asking prices in the World's biggest property crash.

Share this post


Link to post
Share on other sites

They are getting the stories right, but using the wrong language.

Firstly, the price didn't fall £18k in two months. £x + £18k wasn't a the price of the house, and didn't bear any relation to to the price of the house , it turns out. £x - 18K will probably turn out not to be the price either.

And to my way of thinking, worse to come would be what would happen if the sellers decided to sell the house for £x + the 18k. £x - 36k is called better to come.

So really the heading should be

"People in denial drop £18k from the illusional perceived worth of their mortgagees' houses in two months, but will have to drop further to sell"

Not so catchy, I concede.

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...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 399 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%



×
×
  • 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.