Housing Market

Methuselah · December 11, 2018

Rob17896 said:
Not that simple at all. The major change was freeing up financial services to be able to offer increasing multiples of income, or barely evidenced income to enable people to take larger loans. Inflation corresponds with the supply of money. This enabled the lenders to inflate the market and shackle buyers to greater debt and interest payments. Society was re-designed for the benefit of financial services, and we will be paying for it as long as I live. Even worse is the inability of working people to buy a home and of course the homeless who can't afford event to rent. I heard some pro-Brexit half-wit talking about how civilised we are in comparison to other European countries recently...

I heard some anti-Brexit half-wit saying how much more civilised they are in France. Not sure if he was wearing a yellow vest though.

Del-boy · December 11, 2018

Having been looking to buy a house this year but have decided to stop now over Christmas and start again New Year.
I have found that people are asking for a lot more than the house is worth. Particularly if they use Purple Bricks. I think they over value houses.

Ivo · December 11, 2018

Del-boy said:
Having been looking to buy a house this year but have decided to stop now over Christmas and start again New Year.
I have found that people are asking for a lot more than the house is worth. Particularly if they use Purple Bricks. I think they over value houses.

Also, it only takes one person to over value their house and the next thing is everyone down the street thinks that they can put theirs up for the same or similar.

In terms of clutter, what we did with ours was fill the cars up with junk about half an hour before we were having a viewing. This made sure everywhere was pretty clear/tidy

Rob17896 · December 12, 2018

Methuselah said:
I heard some anti-Brexit half-wit saying how much more civilised they are in France. Not sure if he was wearing a yellow vest though.

Keep it SIMPLE

evilwebby · December 12, 2018

Ivo said:
Also, it only takes one person to over value their house and the next thing is everyone down the street thinks that they can put theirs up for the same or similar.

In terms of clutter, what we did with ours was fill the cars up with junk about half an hour before we were having a viewing. This made sure everywhere was pretty clear/tidy

In a rising market this tends to happen, but in a falling market the opposite is true. Someone drops their price and suddenly someone else drops further to undercut the last seller, and everyone starts chasing the market down.

Ivo · December 12, 2018

evilwebby said:
In a rising market this tends to happen, but in a falling market the opposite is true. Someone drops their price and suddenly someone else drops further to undercut the last seller, and everyone starts chasing the market down.

Never experienced a falling market... Yet.

Not sure why someone would undercut a previous seller, surely the property was priced right if it sold? Can see people dropping prices if properties aren't selling (as opposed to sold)