news & politics:discussion

[fraybentos1]

16 minutes ago, Barry Fish said:

I get it now but that isn't actually any different than England, beyond people in Scotland choosing to be stupid with their money.
It would play exactly the same way in England if someone wanted more than the valuation price.  The home buyer report doesn't really change that other than the sellers knows upfront they are taking the piss.  Where in England you tend to do the valuation after offer.  At which point the seller usually adjusts the asking price.

It’s a fair bit different.

also it’s not people being stupid it’s paying the price you have to get a place you want to live 

[Neil]

1 hour ago, fraybentos1 said:

Most people don’t have a choice to wait.

yes they do, no one has to do their whole life plan in one house move.

[fraybentos1]

6 minutes ago, Neil said:

yes they do, no one has to do their whole life plan in one house move.

So everyone just waited to ride it out in the early 90s and 2008? No. People had to accept their house was worth less than in the years before.  
 

as mentioned there’s a host of reasons that people need to sell bf they occur regardless of prices 

[Neil]

Just now, fraybentos1 said:

So everyone just waited to ride it out in the early 90s and 2008? No. People had to accept their house was worth less than in the years before.  
 

as mentioned there’s a host of reasons that people need to sell bf they occur regardless of prices 

people did just ride it out in 2008 which is why there was no big house crash.

in the early 90s no one could sell their way out of trouble. cos of negative equity.

[fraybentos1]

1 minute ago, Neil said:

people did just ride it out in 2008 which is why there was no big house crash.

 

They fell 15-20 percent and it only wasn’t more cause they slashed interest rates. You just keep making things up tho 👍

[Neil]

4 minutes ago, fraybentos1 said:

They fell 15-20 percent and it only wasn’t more cause they slashed interest rates. You just keep making things up tho 👍

there was no negative equity problem  like there was at other times.

[Neil]

14 hours ago, Neil said:

House prices.....

There's an article on the beeb today about house prices are set to fall until 2025, which isn't the good news it first looks. Speculative buyers will leave the market bringing prices down further. People will put off selling. Because they'll feel they need to reach the best price to work their next plans that scarity of properties will hold prices up.

 Anyone who is a cash buyer should be in a strong position for buying - anyone selling won't have many potential buyers.

 

a reminder here's what i posted that's taxing frey's tiny brain.

[Neil]

4 minutes ago, Barry Fish said:

You could still get 100 - 102% mortgages back then so there was a big negative equity problem.  

not loads of people handing the keys back.

[fraybentos1]

8 minutes ago, Neil said:

there was no negative equity problem  like there was at other times.

You talk such shite Neil. 110 percent mortgages were getting dished out but there was no negative equity problem? 
 

also there’s an anecdote from Barry Above which was gospel earlier so struggling how you’ll compute this !

[Neil]

2 minutes ago, fraybentos1 said:

You talk such shite Neil. 110 percent mortgages were getting dished out but there was no negative equity problem? 

if there wasd have been repossessions galore, you can find some data for that

 

4 minutes ago, fraybentos1 said:

also there’s an anecdote from Barry Above which was gospel earlier so struggling how you’ll compute this !

it was simply an example of a potential seller holding their property back from the market, helping to create a scarcity of properties to buy, and helping to hold up house prices.

[fraybentos1]

25 minutes ago, Neil said:

people did just ride it out in 2008 which is why there was no big house crash.

11 minutes ago, Neil said:

tiny brain

🤔

[Neil]

1 minute ago, fraybentos1 said:

🤔

there was no big price crash in 2008. where are your famous graphs, take a look at them.

[fraybentos1]

1 minute ago, Neil said:

if there wasd have been repossessions galore, you can find some data for that

 

it was simply an example of a potential seller holding their property back from the market, helping to create a scarcity of properties to buy, and helping to hold up house prices.

It’s not hard to find, google it. You’re just so wrong about everything it’s comical 

[fraybentos1]

Just now, Neil said:

there was no big price crash in 2008. where are your famous graphs, take a look at them.

15-20 percent fall is a crash in anyone’s book. You don’t agree?

[Neil]

Just now, fraybentos1 said:

It’s not hard to find, google it. You’re just so wrong about everything it’s comical 

then why are people complaining prices are too high????

[Neil]

1 minute ago, fraybentos1 said:

15-20 percent fall is a crash in anyone’s book. You don’t agree?

there wasn't that fall and there weren't loads of repossessions.

[Neil]

early 90's 75,000 reposessions, 

 

2008/9 40/48,000 reposessions.

[fraybentos1]

5 minutes ago, Neil said:

there wasn't that fall and there weren't loads of repossessions.

There absolutely was that fall, google it you dafty 

2 minutes ago, Neil said:

early 90's 75,000 reposessions, 

 

2008/9 40/48,000 reposessions.

so loads of repossessions thanks for clarifying 

[fraybentos1]

Google ‘how much did U.K. house prices fall by in 2008’ go on try it!! 

[Neil]

Just now, fraybentos1 said:

There absolutely was that fall, google it you dafty 

so loads of repossessions thanks for clarifying 

i keep googling and the data doesn't match your claims.

[fraybentos1]

8 minutes ago, Neil said:

then why are people complaining prices are too high????

Cause they’ve gone up by an insane amount since the last crash due to 0 percent interest rates. 
 

You’re really struggling with this aren’t you!

[Neil]

2 minutes ago, fraybentos1 said:

There absolutely was that fall, google it you dafty 

so loads of repossessions thanks for clarifying 

similar number to an average year.

 

 

[Neil]

2 minutes ago, fraybentos1 said:

Google ‘how much did U.K. house prices fall by in 2008’ go on try it!! 

it tells me,

Quote

. According to the Office for National Statistics, the average UK house price dropped by 15% from January 2008 to May 2009.

which is very different to your claim of 20% in 2008.

[fraybentos1]

Just now, Neil said:

it tells me,

which is very different to your claim of 20% in 2008.

I said 15-20 percent. By 2008 I was obviously referring to the period around the financial crash.

[Neil]

2 minutes ago, fraybentos1 said:

Cause they’ve gone up by an insane amount since the last crash due to 0 percent interest rates. 
 

You’re really struggling with this aren’t you!

if you're right i look forwards to hearing youngsters saying how cheap and easy it is to buy a house now.