"Worst housing market for 30 years" as estate agents admit to "overpricing". House price crash on the way ?

Who is clutching at straws I wonder ?

Still............always look on the bright side of life..... (as we used to sing at Old Trafford)

I dont have a thesis to prove. It was you that said that the entire bottom rung of the house ladder had been 'removed', even though in the same sentence you reported it was still there (eg 7% FTBers). You also failed to show any link between decrease of FTBers and house prices lowering, though anecdotally it would seem to be an inverse one.

I suspect you'll have to sing that even more in the future, as one man goes to mow his meadow*!

:-)

So 7% of it plus a few BTL's (buy too late) is still there. Well whoopee doo !!!!

Not another Chelsea fan ?

The glory days are not quite so glorious for us reds at the moment. Hard to compete with the Russian mafias billions. Could be a lot worse though. I lived through that season when we were in the (old) second division and went to many of the games.......still shudder at the memory of it :-(

Chelsea since (cough) well lets just say Osgood, Charlie Cook, 'The Cat', Hutchinson, Houseman, Chopper Harris etc figure fondly in my memories!

In message , Richard Faulkner writes

Some great players to watch there and no forward liked to come up against Chopper but they didn't win much as I recall.

I expect your current lot will more than make up for it :-(

Hardly anything. FA Cup in ?71? v Leeds was about it. But they were great to watch.

I hope so :-)

"Crowley" wrote

If that were true, then you'd also be able to say: "... only a fool would pay LESS for a similiar property in a RISEing market".

So, once a market is rising -- eg (ahem) houses between 2000 & 2004 -- then the market will NEVER fall!! You'll never get into the "falling market" scenario, so prices will continue going up forever! Hehey!!

However, everyone knows that the initial premise is false (rising markets do not always continue rising forever, and falling markets do not always continue falling forever.

In other words, a sale setting a lower market price than previously CREATES a falling market - and if prices never increased in a falling market, we would never have recovered after the period 1989-199X....

Comments?

No. You would say only a fool would SELL for LESS than a similiar property in a RISING market.

Absolutely right. Neither rising nor falling markets go on forever.

"Crowley" wrote

Glad to see that you now realise your refute to Hognoxious was invalid!

LOL at the pedantry.

You mean this "refute" : "The first sale has set the market price and only a fool would pay more for a similiar property in a falling market (granted there's still some fools about !) "

Whats wrong with that ?

We are talking about economic cycles here, rising and falling, peaks and troughs. In a rising market or a falling market there always eventually comes a TURNING POINT when the market begins to stall and then changes direction. Buyers and sellers have to respond accordingly and be aware of what type of market they're operating in.

House price inflation across the UK has picked up pace in the year to November

The annual rate of house price growth was 2.5% in November up from 1.8% in the previous month.

The ODPM's survey, based on a sample of 40,000 completed sales, showed that average house prices rose in November.

It said that the average home cost 186,431 in November compared with