From my observations, if anything there has been a lack of supply for several months that has kept asking prices high. This is, and will be, compounded by mandatory HIPs now, which will stop opportunistic homeowners from listing their properties with no real intention to sell. Anyway my point is... anyway these are my observations
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Is this the start of 7 years of woe?
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Originally posted by NickFitz View PostThe premise of the article appears to be that people were willing to accept a drop of several thousand pounds in the sale price of their house in order to save the few hundred a HIP would cost..
Originally posted by NickFitz View PostRepeat after me, everybody: correlation does not imply causation.
As AtW says, it's just a coincidence.
Two correlations do not make a rule, but it does make it being a coincidence less likely."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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Originally posted by beaker View Post...compounded by mandatory HIPs now, which will stop opportunistic homeowners from listing their properties with no real intention to sell..."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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Originally posted by Moscow Mule View PostThis lack of speculative stock on agents books may keep prices on a par for a little longer, but I expect the overall economic conditions to overtake this factor soon enoughDon't ask Beaker. He's just another muppet.Comment
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I just bought another house, picked up the keys last week. told the owners conveyancer that I did not require a HIP'S report on the property, and was asked to put it in writing or they would have to supply one by law.
I told them I am gutting the building, rewiring, new heating and plumbing, re plastering from top to bottom, new roof, new insulation, damp course, kitchen bathroom, hardwood flooring.
what's the point of a HIP's report ?
Still had to waste my time and put it in writing to save the guy a few hundred quid. ridiculousConfusion is a natural state of beingComment
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