I am astonished by the number of people I know that still think “their” house is “worth” more than what the local going rates currently are, never mind in 3 to 6 months time. Am sick of telling people to wake up & smell the coffee
Yep waiting to tip fully into Fear. Denial is a sticky one helped by figures out that say US houses fell by 22% in 2008, UK fell by 16% and Irl fell by only 10%, spot the difference, US and UK are actually accurate and not pulled out of an intestinal nadir. I do think fear will be short lived though. It should be well upon us by March from the unemployment figures but as the flood gates open I think we’ll see panic at the falled autumn selling season.
We’re only starting to move into Fear. The British on the other hand are a year or so behind our crash and they’re already starting to move into Desperation (BTL’ers are starting to get slaughtered over there).
Are we the most stubborn, pig-headed nation in the world?
If you are using this as a yardstick you will never leave the state of denial.
Easy to see you are not an estate agent.
As an EA I can assure you, people always think their house is worth more than the local going rate.
Could be the true to an extent. The UK is also more open, they publish the prices on land registry, so you can see in a reasonable period of time what the neighbours house really went for. Here you can lie and claim to have sold for €500K, but only actually got €325K, nobody is any the wiser (unless that person happens to be a neighbour, who gets on well with both seller and buyer and the EA of course ).