Is this the start of 7 years of woe?

**AtW** · 17 December 2007, 12:03

Coincidence - but people might not care and will associate a straw that breaks camels' back, rather than huge load that they put before.

**Moscow Mule** · 17 December 2007, 13:18

HIPs have caused an upset in the market - much more supply means a lot longer to sell you property. There is no doubt about it.

Whether it's a catalyst for a big plunge a la the end of MIRAS is debateable.

**AtW** · 17 December 2007, 13:22

Lack of credit and seriously hit expectations is what really matters to the market, HIPs are just the excuse that real estates use - no wonder, they would not want to say that property is overvalued, would they?

**ratewhore** · 17 December 2007, 17:57

Having just had an offer accepted on a hoose, the HIP was entirely surplus to requirements. No one is seriously going to base their buying decision on an energy performance certificate last seen on the front of a fridge freezer and you need to do all your own searches anyway.

Mind you, I got 10% off the asking price so that should cover me for a year or two - hopefully!!!

**BrilloPad** · 17 December 2007, 18:21

I see an intellectual thread like this gets few postings - unlike TPD which gets innundated!

I uppose its the way teenagers are these days...

**NickFitz** · 17 December 2007, 20:05

The 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.

Repeat after me, everybody: correlation does not imply causation.

As AtW says, it's just a coincidence.

**shoes** · 17 December 2007, 20:24

Aw! Little Monkey!!

**syn** · 17 December 2007, 20:33

I really can't see why a few hundred quid has panicked people into selling their houses quickly. How utterly stupid is that?

**syn** · 17 December 2007, 20:33

Originally posted by NickFitz View Post

The 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.

Repeat after me, everybody: correlation does not imply causation.

As AtW says, it's just a coincidence.

Agh beaten to it! And put much better than my argument too!

Is this the start of 7 years of woe?