From: roger@hayter.org 
  
 On 8 Sep 2025 at 12:41:15 BST, "Roland Perry"  wrote: 
  
 > In message , at 12:23:40 on Mon, 8 Sep 
 > 2025, Norman Wells  remarked: 
 >> On 08/09/2025 10:56, Roland Perry wrote: 
 >>> In message , at 09:55:56 on Mon, 8 
 >>> Sep  2025, JNugent  remarked: 
 >>>> On 08/09/2025 08:03 AM, Roland Perry wrote: 
 >> 
 >>>>> More anecdata: there's a house in my GF's street which has been on the 
 >>>>> market since at least the New Year, and my neighbour's house has been 
 >>>>> since Easter. A empty bungalow round the corner has been on the market 
 >>>>> for about a year, and another near-neighbour's house has only been 
 >>>>> occupied the last few weeks, when the old lady vacated it to a care 
 home 
 >>>>> before the pandemic. Could have been probate issues though. My GF's 
 late 
 >>>>> mother's flat sold as recently as last week, but was marketed in 
 >>>>> December, and there are several other flats in the block which have 
 been 
 >>>>> unsold that whole time. 
 >>>> 
 >>>> Unrealistic pricing and a refusal to meet potential buyers half-way? 
 >>>  Typically a developer is looking for about a 20% net margin, and are 
 >>> reluctant to sell at a discount because they believe (possibly 
 >>> wrongly)  that the market will recover and they can eventually sell 
 >>> the houses. 
 >> 
 >> That's their gamble.  If it does, they win.  If it doesn't they lose. 
 >> 
 >> But it's an expensive business sitting on substantial physical assets 
 >> for extended periods with no return on investment.  It tends to mess up 
 >> your cash flow. 
 >> 
 >> Again, it's simply a matter of supply and demand.  If available supply 
 >> exceeds demand, prices have to fall. 
 > 
 > But not below "cost price", although you are LALA I CAN'T HEAR YOU about 
 > that. 
  
 There is no obvious reason why the price can't fall below cost price - it 
 can 
 still be better than no sale. 
  
 -- 
 Roger Hayter 
  
 --- SoupGate-Win32 v1.05 
  * Origin: you cannot sedate... all the things you hate (1:229/2)