OK I will try and explain myself, falling house prices, possibly a recession, banks just don't want to lend money, lots of info available pointing out the bubble in the market and how houses 'need' to fall by 30-50% to make them in any way affordable (and predictions of this over the next 3 years at least). Loads of properties here on the market for over 6 months with the odd 10K chipped off the price every few months not a buyer in sight. I could go on but you get the picture.
Lots of threads on here about people wanting to sell but want last Summers price in todays market so decide to stay or rent out their house.
I do not wish to imply criticism of anyone I realise we all make the choices that are right for us and I know nothing about peoples individual circs but I'm not sure what people are expecting.
Are people not really wanting to sell?
Do they believe that all this will be reversed in a few months?
Are estate agents not telling it like it is?
Am I the only one who knocks at least a further 15% off rented because it's been so poorly maintained?
DO people believe renting is trouble free?
Am I completely wrong?
(FWIW I'm in London, should be buying but not remotely interested at these prices/in this market)
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Can someone explain the thoughts of current sellers?
53 replies
1dilemma · 11/07/2008 23:08
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