Hiya

Even with a few selling it will still help getting the infomation! Not all are stuck with debt holding back their ability to sell. So it would show what was needed to sell and we would be able to better see how bad nama and co will end up!

If what was selling needed a droping prices average of 30% to get a sale then it would already show selling prices are out of touch and would help.

Right now we are blind!!!

RE: "If you took all the houses that are on the market now and all the houses that should be on the market (i.e will need to be sold at some point, but aren't on the market for the reasons above) and put them all to a public auction, with no reserve, then you would get a proper figure as to what they are worth. And I suspect that that figure would be a 90% fall from the top prices in 2007."

If they did that I would agree there would be a hugh decrease!! But this would not give a true idea of what the house price should be, it would only flush out what cash people were willing to invest/risk.

And not a chance in the world they would do it.. whey will draw it out to try keep prices up.. Not that it will work!!

Regards
Sir Pat

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