From: roland@perry.uk 
  
 In message , at 12:31:49 on Mon, 8 Sep 
 2025, Norman Wells  remarked: 
 >On 08/09/2025 10:50, Roland Perry wrote: 
 >> In message , at 08:35:00 on Mon, 8 
 >>Sep  2025, Norman Wells  remarked: 
 >>> On 08/09/2025 08:03, 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. 
 >>> 
 >>> It's only a matter of price. 
  
 >>  Most people are very reluctant to sell at a loss, especially if they 
 >>have a mortgage. Does the term "negative equity" ring a bell? 
 > 
 >If they have a mortgage, they are paying out every month they don't 
 >sell, and their potential negative equity, if that is the situation, 
 >will become worse and worse.  If they need to sell, they shouldn't just 
 >decide not to on the basis that they will lose some money.  It may be 
 >that they will lose even more by holding on. 
  
  
 Yes, there's a balance between all those things, but if their mortgage 
 payments on the unsold property are less than the short-term 
 devaluation, many will hang on hoping for better days in the future. 
 -- 
 Roland Perry 
  
 --- SoupGate-Win32 v1.05 
  * Origin: you cannot sedate... all the things you hate (1:229/2)