Is anyone moving now?
Discussion
Pistom said:
C70R said:
Pistom said:
I'm of the opinion that the signs are there that it has started to happen - let's see where we are in 12 months.
Where? What "signs"?Not sure if some are just in denial of the change which is already happening or some parts of the country are later to start it.
Kellerman said:
C70R said:
What about all the other "signs" that conflict with your anecdotes (like the evidence posted in this thread, for example)? Or do they not count towards your 'prediction'?
You really are hostile and condescending.In response to the point C70R made though - no they don't count as I'm not seeing them in my part of the NW.
Not sure why prediction is in inverted commas - what I've said is exactly what I've predicted. It may upset some, it may prove to be completely wrong but let's see where the future takes us shall we?
If I'm wrong - the world will still keep turning.
I'm apparently "hostile" for calling out a wally who came running into a thread for people sharing personal house moving/buying experiences to tell us that the market is going to crash because he's seen a slowdown in his part of the country.
That's brilliant.
This thread is for people to share their personal, family experiences openly and candidly, and often very emotionally. How do you think some of those people feel when they see the thread being hijacked like this?
There's a long-running thread in the NP&E cesspit for people to 'predict' what's going to happen to the housing market. If anyone in this thread wanted to read those 'predictions', they can go there. Why can't these economic soothsayers stay in their sandpit/cesspit?
That's brilliant.
This thread is for people to share their personal, family experiences openly and candidly, and often very emotionally. How do you think some of those people feel when they see the thread being hijacked like this?
There's a long-running thread in the NP&E cesspit for people to 'predict' what's going to happen to the housing market. If anyone in this thread wanted to read those 'predictions', they can go there. Why can't these economic soothsayers stay in their sandpit/cesspit?
I know humans like to think in 2s, black/white, on/off, left/right but there may be other possibilities.
The market doesn't have to either "collapse" or carry on gowing 10%+ pa.
It could simply go flat or low growth, around 3% and the current "signs" might just be a soft landing to that.
(here in Sussex, there are very few signs of that happening yet btw, so there may also be serious regional variations).
The market doesn't have to either "collapse" or carry on gowing 10%+ pa.
It could simply go flat or low growth, around 3% and the current "signs" might just be a soft landing to that.
(here in Sussex, there are very few signs of that happening yet btw, so there may also be serious regional variations).
You have to ask if price crashes really matter when the upward trend is so strong.
Five years of negative equity for those buying in 1989, but just two for those buying in 2007. It is only painful if your circumstances unfortunately also change and you have to sell, but for most people they do not. Sure, there is some opportunity cost in buying at the peak but no real loss.
Most people also don't move that often, so if life makes them want to move now (jobs, kids, lifestyle change etc.) and the right property pops up, they're probably going to do it.
Five years of negative equity for those buying in 1989, but just two for those buying in 2007. It is only painful if your circumstances unfortunately also change and you have to sell, but for most people they do not. Sure, there is some opportunity cost in buying at the peak but no real loss.
Most people also don't move that often, so if life makes them want to move now (jobs, kids, lifestyle change etc.) and the right property pops up, they're probably going to do it.
Frik said:
You're not the arbiter of this thread. Not sure why you're so aggressive towards people calling the top of the market in their area.
I'm not being aggressive, and I'm not targeting people "calling out the top".As I mentioned, there's a long-running thread where market 'experts' are making 'predictions' about where house prices will go. That's the place for discussing those things.
I don't understand why some feel the need to pollute (and potentially ruin) a thread that's full of people sharing their very personal house buying experiences/journeys and exchanging information for the benefit of others.
Unless they are just attention-seeking, of course.
Frik said:
You're not the arbiter of this thread. Not sure why you're so aggressive towards people calling the top of the market in their area.
On PH - it's best to ignore behaviour like that - it takes all types and some are not so good at putting across their points. It seems that some don't welcome observations and opinions from the real world if it clashes with theirs.
I hope we can get back to talking about whether anyone is moving now - it seems like no many.
I wonder what that will do to house prices?
Just had a look on RM using our old search criteria and there are 8 houses listed. Of those 8, 4 are reduced and 1 has come back on the market. The 1 that's come back on the market was for sale when we were looking (been here a year now) and was hugely overpriced in our opinion, much like the houses that have been reduced.
It seems like any sensiblypriced property gets snapped up, but people aren't being taken in by punchy pricing
It seems like any sensiblypriced property gets snapped up, but people aren't being taken in by punchy pricing
We’re moving, went on the market mid March, found a buyer mid April.
Market is nuts around here for your decent 30’s 3/4 bed semi’s & we wanted to be in walking distance to the town centre/station so even more demand for these.
Lost out on a place that went for massive overs after the classic open day tactic, we offered well over & thought we’d get it but no we were comprehensively outbid.
Every cloud & all that as we were one of the first to view a house on the opposite side of the same road, no open day thank god. I made a massive pain of myself to get it off the market & secured it 24hrs later with an offer 7% over asking. House is much better for us, recently renovated, lovely garden etc etc than the previous one which was a little tired, so all good.
Our buyers are in rented & the people we are purchasing from have found a probate place, so chain is pretty good.
Just going through that weird limbo time of not seeing much happening apart from valuation surveys, fixtures & fittings etc. Gonna start chivvying up the solicitors as barring any major issues should be relatively straight forward.
Market is nuts around here for your decent 30’s 3/4 bed semi’s & we wanted to be in walking distance to the town centre/station so even more demand for these.
Lost out on a place that went for massive overs after the classic open day tactic, we offered well over & thought we’d get it but no we were comprehensively outbid.
Every cloud & all that as we were one of the first to view a house on the opposite side of the same road, no open day thank god. I made a massive pain of myself to get it off the market & secured it 24hrs later with an offer 7% over asking. House is much better for us, recently renovated, lovely garden etc etc than the previous one which was a little tired, so all good.
Our buyers are in rented & the people we are purchasing from have found a probate place, so chain is pretty good.
Just going through that weird limbo time of not seeing much happening apart from valuation surveys, fixtures & fittings etc. Gonna start chivvying up the solicitors as barring any major issues should be relatively straight forward.
Edited by Portofino on Monday 6th June 17:10
Portofino said:
We’re moving, went on the market mid March, found a buyer mid April.
Market is nuts around here for your decent 30’s 3/4 bed semi’s & we wanted to be in walking distance to the town centre/station so even more demand for these.
Lost out on a place that went for massive overs after the classic open day tactic, we offered well over & thought we’d get it but no we were comprehensively outbid.
Every cloud & all that as we were one of the first to view a house on the opposite side of the same road, no open day thank god. I made a massive pain of myself to get it off the market & secured it 24hrs later with an offer 7% over asking. House is much better for us, recently renovated, lovely garden etc etc than the previous one which was a little tired, so all good.
Our buyers are in rented & the people we are purchasing from have found a probate place, so chain is pretty good.
Just going through that weird limbo time of not seeing much happening apart from valuation surveys, fixtures & fittings etc. Gonna start chivvying up the solicitors as barring any major issues should be relatively straight forward.
Glad to hear you got some traction by kicking the agents around to take it off the market. I did this on the place we eventually pulled out of last year (survey said it needed a new roof!), and it felt great to avoid the crappy period of not knowing if we'd bought it or not. Great news about the chain too!Market is nuts around here for your decent 30’s 3/4 bed semi’s & we wanted to be in walking distance to the town centre/station so even more demand for these.
Lost out on a place that went for massive overs after the classic open day tactic, we offered well over & thought we’d get it but no we were comprehensively outbid.
Every cloud & all that as we were one of the first to view a house on the opposite side of the same road, no open day thank god. I made a massive pain of myself to get it off the market & secured it 24hrs later with an offer 7% over asking. House is much better for us, recently renovated, lovely garden etc etc than the previous one which was a little tired, so all good.
Our buyers are in rented & the people we are purchasing from have found a probate place, so chain is pretty good.
Just going through that weird limbo time of not seeing much happening apart from valuation surveys, fixtures & fittings etc. Gonna start chivvying up the solicitors as barring any major issues should be relatively straight forward.
Edited by Portofino on Monday 6th June 17:10
This time around we were one of two bidders, and we just went nuclear to make sure we got the seller's attention quickly.
C70R said:
Glad to hear you got some traction by kicking the agents around to take it off the market. I did this on the place we eventually pulled out of last year (survey said it needed a new roof!), and it felt great to avoid the crappy period of not knowing if we'd bought it or not. Great news about the chain too!
This time around we were one of two bidders, and we just went nuclear to make sure we got the seller's attention quickly.
Cheers C70!This time around we were one of two bidders, and we just went nuclear to make sure we got the seller's attention quickly.
Yes, it had to be done, we saw it the day viewings opened, it was on RM on a Saturday & viewings didn’t start t’ill Wednesday. We were first in & there were a few more after us. I couldn’t let it get to the weekend as I know there were many more punters lined up.
So yes like yourself went in all guns blazing to get it off the market. Thank god they didn’t do an open day……
fesuvious said:
A lot of people were saying that;
Just before the Brexit vite
Just after the Brexit vote
Just after Brexit
Before Lockdown 1
During Lockdown1
After Lockdown 1
Last October after stamp.....
See also, most months late 2007, all through 2008.
Also, see the complete lack of people who knew they were buying at the bottom Feb/Mar 2009.
Real interest rates are negative - we may be early in an asset bubble not late.
But then many think we're about to go into recession.
Also, just wait for the relaxation of the 3% over mortgage stress testing.
Oh, and the introduction of the family mortgage.
In short, nobody has a frickin clue.
Absolutely.Just before the Brexit vite
Just after the Brexit vote
Just after Brexit
Before Lockdown 1
During Lockdown1
After Lockdown 1
Last October after stamp.....
See also, most months late 2007, all through 2008.
Also, see the complete lack of people who knew they were buying at the bottom Feb/Mar 2009.
Real interest rates are negative - we may be early in an asset bubble not late.
But then many think we're about to go into recession.
Also, just wait for the relaxation of the 3% over mortgage stress testing.
Oh, and the introduction of the family mortgage.
In short, nobody has a frickin clue.
And neither it seems do people have a clue a) how houses are built/work b) how the sales process works c) how finance works
Horrific. Snowflakes. Flaky fear and doom mongers. Feeble.
Just in case. Better be safe. Better wait. Better pull out its too scary woooo.
I am never moving again lol
C70R said:
I'm apparently "hostile" for calling out a wally who came running into a thread for people sharing personal house moving/buying experiences to tell us that the market is going to crash because he's seen a slowdown in his part of the country.
That's brilliant.
This thread is for people to share their personal, family experiences openly and candidly, and often very emotionally. How do you think some of those people feel when they see the thread being hijacked like this?
There's a long-running thread in the NP&E cesspit for people to 'predict' what's going to happen to the housing market. If anyone in this thread wanted to read those 'predictions', they can go there. Why can't these economic soothsayers stay in their sandpit/cesspit?
Half the pain and strife witnessed on this thread is exactly because of the greed and fear in this ‘market’That's brilliant.
This thread is for people to share their personal, family experiences openly and candidly, and often very emotionally. How do you think some of those people feel when they see the thread being hijacked like this?
There's a long-running thread in the NP&E cesspit for people to 'predict' what's going to happen to the housing market. If anyone in this thread wanted to read those 'predictions', they can go there. Why can't these economic soothsayers stay in their sandpit/cesspit?
And such greed and fear don’t make for a stable market either… up on fear and greed could easily become down on fear and greed.
The last 24 months have seen some really horrible human behaviour.
I can see gov and CB throwing assets under the bus.
If inflation is their target, then asset inflation in resi property is the hottest target out there!
Edited by Mr Whippy on Monday 6th June 20:11
I moved about 6 months ago to a town near the English boarder on the welsh side, the estate I live on is a nice mix of 3/4/5/6 bed houses
I’ve noticed since about March, that there’s been 10 or so (out of 200ish) 4/5/6 bed houses from the 390-500k mark all come on to the market and remain there, I wonder what is going on. When I first moved in, one of tje 6 beds went up for sale at £460k and sold within a week, now the earliest one to go on in March (same house type just a few doors along) is still for sale.
Meanwhile 2 “cheaper” 3 bed semis have come on at £310k and sold within a week.
Is this just people not wanting houses this big? It’s all families with kids around here so I’m not really sure any of them are downsizing, I wonder if the cost of living stuff is creeping on people and causing a bit of a reaction, I can’t imagine if you’ve got enough money to pay the mortgage on one of these houses, that the gas going up is really going to bankrupt you. Of course a couple could be divorces etc but I’m not so sure.
I’ve also noticed a few people getting rid of luxury cars in favour of cheaper stuff, one house had a quataroportti(spelling) and now has a f10 5 series, another got rid of a E class and a evoque and now have a fiat 500 and a 11 plate Kia.
I’ve noticed since about March, that there’s been 10 or so (out of 200ish) 4/5/6 bed houses from the 390-500k mark all come on to the market and remain there, I wonder what is going on. When I first moved in, one of tje 6 beds went up for sale at £460k and sold within a week, now the earliest one to go on in March (same house type just a few doors along) is still for sale.
Meanwhile 2 “cheaper” 3 bed semis have come on at £310k and sold within a week.
Is this just people not wanting houses this big? It’s all families with kids around here so I’m not really sure any of them are downsizing, I wonder if the cost of living stuff is creeping on people and causing a bit of a reaction, I can’t imagine if you’ve got enough money to pay the mortgage on one of these houses, that the gas going up is really going to bankrupt you. Of course a couple could be divorces etc but I’m not so sure.
I’ve also noticed a few people getting rid of luxury cars in favour of cheaper stuff, one house had a quataroportti(spelling) and now has a f10 5 series, another got rid of a E class and a evoque and now have a fiat 500 and a 11 plate Kia.
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