Reply to: houses only go up

[AtW]

April shock house market drop with asking prices in Barnet falling fastest | Personal Finance | Finance | Daily Express

they are all at it

I bought my flat in April...

[GB9]

It's also difficult to know how much activity is being delayed until after the referendum and whether the drop in activity following the BTL stamp duty changes will reverse. Based on valuation measures, the SE is primed for a crash (whereas much of the north isn't), but ridiculous valuations can persist and become even more ridiculous before they finally crash. The increased media reports about relaxed lending (e.g. 0% mortgages, extending loads to complete at 85) provide good anecdotal evidence that we're late cycle.

We're actively looking and seem to be in the standoff between buyers refusing (or unable) to meet prices and sellers refusing to drop much.

As above, even with the asking price reductions I have seen only take us back to asking prices last year.

[jamesbrown]

Asking prices being cut in Leeds, but they were already asking 10% more than last year so not much actual change as yet.

It's also difficult to know how much activity is being delayed until after the referendum and whether the drop in activity following the BTL stamp duty changes will reverse. Based on valuation measures, the SE is primed for a crash (whereas much of the north isn't), but ridiculous valuations can persist and become even more ridiculous before they finally crash. The increased media reports about relaxed lending (e.g. 0% mortgages, extending loads to complete at 85) provide good anecdotal evidence that we're late cycle.

[GB9]

Asking prices being cut in Leeds, but they were already asking 10% more than last year so not much actual change as yet.

EAs finding it hard to convince vendors that their particular property isn't worth the fortune they hoped for.

[GJABS]

For half my working life, and more to the point, for the half of it I have had money to save, interest rates have been tulip.

I think "saving" is generally interpreted to include stock market and related investment.
Though saying that, you still have a point -in 1999 when your graph starts, the FTSE100 was at 6900. Today it is at 6100.

[PurpleGorilla]

Carney is keeping vigil, it will work out in the end

For half my working life, and more to the point, for the half of it I have had money to save, interest rates have been tulip.



Still, thankfully Osborne fixed the roof while the sun was shining.

[unemployed]

Try the Loyalty cash ISA from HSBC. As long as you regularly add to it, they will regularly cut the rate. It's great!

Carney is keeping vigil, it will work out in the end

[PurpleGorilla]

Record low rates mean savers are worse off than ever - BBC News

Why does anyone bother saving?

Spend spend spend!

Best bet is BTL....

Try the Loyalty cash ISA from HSBC. As long as you regularly add to it, they will regularly cut the rate. It's great!

[BrilloPad]

Record low rates mean savers are worse off than ever - BBC News

Why does anyone bother saving?

Spend spend spend!

Best bet is BTL....

[unemployed]

April shock house market drop with asking prices in Barnet falling fastest | Personal Finance | Finance | Daily Express

they are all at it

[unemployed]

Its only burst in the North. London is still hoovering up illegal money....

i`m no david attenborough but i am pretty sure barnet is in london

[FatLazyContractor]

Oh please ....stop...my sides are splitting. Not!

Next!

You are fatter than MF ?!

[BrilloPad]

Housing bubble 'has burst' as sellers slash asking prices by average of £25,265 | Business News | News | The Independent

Its only burst in the North. London is still hoovering up illegal money....

[unemployed]

Housing bubble 'has burst' as sellers slash asking prices by average of £25,265 | Business News | News | The Independent

[sasguru]

Last heard, that lovechild was called sasguru....

Oh please ....stop...my sides are splitting. Not!

Next!