How is inflation used as a negotiation means when selling/buying property ? Is inflation an argument in favor of the seller ? Money will lose value over time , so 100 000 quid buy this house today , and it will require more money ,say, 120 000 to buy the house in 10 years. So is inflation an argument in the seller's hands helping maintain the asking price for the house ?
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Inflation and house prices
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At the end of the day houses sell at an equilibrium point in a supply and demand equation irrestective of what all the arguments are on either side -
I would have thought normal inflation (ie not Zimbabwe style) was entirely irrelevant in house buying negotiations....Originally posted by newblood View PostHow is inflation used as a negotiation means when selling/buying property ? Is inflation an argument in favor of the seller ? Money will lose value over time , so 100 000 quid buy this house today , and it will require more money ,say, 120 000 to buy the house in 10 years. So is inflation an argument in the seller's hands helping maintain the asking price for the house ?
Owner: The price is X
Buyer: I'll give you Y
Owner: Option A: I'll take it
Option B: FOADComment
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