Tuesday, July 8, 2008

In the words of Mugabe, the NAEA can “go hang”.

Estate agents urge prospective purchasers to action

The National Association of Estate Agents (NAEA) is urging prospective house purchasers into action, as a record number of homes languish on estate agents’ books.

Posted by eyes_wide_open @ 08:39 PM (861 views)
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9 thoughts on “In the words of Mugabe, the NAEA can “go hang”.

  • it_is_going_with_a_bang says:

    Quite frankly what else would they say?

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  • Like deer in headlights… first the EA’s pander to what the vendors wanted to hear, hoping they could get them a price that, while no longer stunning, would be substantial. Filling up their books and telling lies about the real status of the market.

    Now the truth is out, and EA’s know they won’t survive if they don’t get vendors to sell, and take any price (many still won’t – denial and delusion are hard habits to kick.)

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  • silly s*ds.

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  • European-bear says:

    Cut the price of houses by 50% and buyers will come back

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  • Landedgentry says:

    “NAEA is pointing out that buyers can no longer hold out for high offers and deny a downturn in the market.”

    shouldnt that say “sellers”?

    Haha NAEA your jedi mind tricks didnt work this time.

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  • With estate agents closing faster than building societies and banks are closing their wallets the NAEA power base is getting smaller by the day.

    Where were these people when property was going up at over 10 x inflation in a single year. I can’t remember any of the VI’s that are now entering the desperation cycle (you know the one that follows denial) asking for rate rises to slow the whole thing down.

    Let the blood letting begin…

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  • “urging prospective house purchasers into action”

    Don’t do it. Don’t buy unless you want to be lambs to the slaughter….

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  • The choice is simple:
    Buy now and rescue overstretched, greedy sellers and their equally greedy and vacuous agents.
    OR
    Rent, give your kids a decent education and retire above the poverty line.

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  • Damn cheek, urging people to buy houses now – it’s okay if YOU get into instant negative equity with a massive debt hanging round your neck for decades just when unemployment and living costs are rising fast, as long as WE get our cut. Do they really think anyone is that stupid? Oh, hang on…

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