In message , Bill Taylor
writes
On Wed, 27 Mar 2013 13:54:03 +0000, "dennis@home"
wrote:

On 27/03/2013 10:53, Bill Taylor wrote:

I agree, in principle, but it can take a long time to sell a house. It
took nearly 2 years to sell my parents house despite it being marketed
at a very realistic price. (Not in the SE, so not an active market.)


If it doesn't sell its not a realistic price.

It did sell, for just over half of what it had been valued at 5 years
earlier. Part of the delay was caused by buyers who agreed to buy in
July, then pulled out in November.

There is a housing shortage but some people refuse to sell to those that
can't a££ord inflated prices.

There is a shortage of some sorts of property in some areas, notably
properties desired by the middle classes in the SE. There is a
superfluity of some sorts of properties in some areas.

Something to do with the house prices having been inflated over the
years by speculators.

AKA property owners, aided by excessive lending by financial
institutions.
All these people complain they can't get on the property ladder because
of high prices. And why do they want to be on the property ladder?
Because they believe that prices will then go up and they wrongly equate
that to making a profit.
--
bert