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Debate House Prices
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Why the intolerance of other people's views?
Comments
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So back up next month then, or maybe they'll fall a bit more..?they are in denial and any talk other than they will fall more is too much for them.
Maybe a magic money bush will be discovered, wiping out the £100 trillion quid worldwide govt/taxpayer liabilities at a stroke, then we'll all have heaps of dosh to throw around again.0 -
londonlandlady wrote: »Mortgages? Even now I can get a 4x income mortgage on the HSBC mortgage calculator. And in case you haven't noticed, a $700bn bailout of the banks is about to be pushed through in America. That will increase the availability of cheap credit. In the past, people have sought help from their parents to get on the ladder, or bought together with friends. I see no reason why this cannot continue. The market is underpinned by the strong desire to own property in the UK. You can see it even in the doom-mongers' posts.
How do you suppose these huge banks got into so much trouble (to the point of huge ones being wiped out)?
Do you really believe they're going to go straight back to lending in the same way that fuelled the unrealistic and unsupportable levels of property prices we've seen recently?
You're either naive or deluded, or on mission wind-up like the horsey fellow.
We're all up for a bit of reasoned debate, but just steaming in spouting what you want/need to happen as potential fact isn't going to get you anything other than the derisive response you've received, sorry.
Maybe you need to read a bit more, and think a bit more, and then have another go?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
ROFL - the bail-out makes it all go away..?londonlandlady wrote: »And in case you haven't noticed, a $700bn bailout of the banks is about to be pushed through in America. That will increase the availability of cheap credit.
And when AIG need a few more quid (and they are VERY important to to large number of European as well as US bank liquidity ratios). And when wall street needs the next tranche ($100bn 9 months ago, $200bn more 6 months ago, $350bn more 3 months ago... repeat as required).
Somebody somewhere has to pay all this back - more expensive credit or higher taxes, tricky choice maybe..?0 -
More insults?
I'll go through what I said in steps.
1) I've just tried the HSBC and Lloyd's mortgage calculators. HSBC offered me a 4x income mortgage. Lloyds offered me a mortgage of almost 5x income.
2) In other words, mortgage lending is already at a reasonable level. Contrary to media reports, mortgages have not disappeared off the face of the earth.
3) The bailout involves the transfer of hundreds of billions of pounds from American taxpayers to the banks.
4) This will further increase the availability of mortgages, which is already at a reasonable level (see (1) and (2)).
5) More importantly, the market is underpinned by the UK population's obsession with owning property. An obsession which all the doom-sayers obviously share - or why would they spend all their time posting on here?
See?0 -
londonlandlady wrote: »I know this because I'm one of them.
Very best of British....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
LondonLandlady,
They will only give you 4 x income with a huge deposit. That is what we are trying to say. 100% mortgages are no more sweetie. There are still mortgages but not the same as you could get 2 years ago. The banks are being a bit more picky sweetie.0 -
londonlandlady wrote: »Mortgages? Even now I can get a 4x income mortgage on the HSBC mortgage calculator.
A residential mortgage? With what deposit, and what loan to value? What rate, incl. fees?...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
londonlandlady wrote: »why do you all have to belittle differing views as somehow "crazy" or "wind-ups?"
Speaking personally, sensible posts of whatever flavour appear to attract reasoned (if heart-felt) replies....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Ok come on you lot lets make up a person someone give me a name
a deposit
date of birth
salary
address (but with a real postcode)
I will type them into Charcol onlines and see what comes up
Go on I dare you0 -
londonlandlady wrote: »There are people in the mainstream media who do not believe the situation is as bad as has been reported in some quarters - are they crazy too?
Such as? You'll get more reasoned responses if you quote, link, and source your assertions....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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