We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Rate cuts passed on at last
Comments
-
All you need is a decent credit history. Like chucky pointed out - I doubt many people on here have.
On what do you base that belief?...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 -
neverdespairgirl wrote: »On what do you base that belief?
Because most on here are only interested in saving and seem to despise credit. I doubt they have even had a credit card.
No credit history = bad credit history.0 -
neverdespairgirl wrote: »On what do you base that belief?
Hope, probably.RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
It's not advice, it's an observation. If you buy a house today, does it really matter if it's worth less 6 months later? They will rise again. Not everyone is a money grabbing scumbag.
Why buy a house now, when you can get it cheaper in 6 months time.
RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
All you need is a decent credit history. Like chucky pointed out - I doubt many people on here have.
you're truly misguided. You need more then a decent credit history. You need a decent deposit, a secure job, a good debt to income ratio blah blah blah.
I've just got shot of my credit cards - looks like I won't be getting a mortgage from the Bank of Dan:0 -
you're truly misguided. You need more then a decent credit history. You need a decent deposit, a secure job, a good debt to income ratio blah blah blah.
I've just got shot of my credit cards - looks like I won't be getting a mortgage from the Bank of Dan:
Settling your credit card debt is a postive thing on your credit file.0 -
What Chucky and Dan: don't seem to want to accept that in order for prices to rise mortgage fraud has to return back to the scene. Also mortgages being dished out to anyone has to return too.
They sort of realise the flaw in there own logic but most likely haven't put 2 and 2 together yet! And that is:
'all you need is a decent credit history'
It was mortgages being dished out to those with dodgy credit history that caused the house price inflation in the first place!
So I now see that they accept that prices will never rise and will continue to fall for a long while yet.
Party is over Chucky and Dan: time to nurse your hangovers somewhere else!0 -
What Chucky and Dan: don't seem to want to accept that in order for prices to rise mortgage fraud has to return back to the scene. Also mortgages being dished out to anyone has to return too.
They sort of realise the flaw in there own logic but most likely haven't put 2 and 2 together yet! And that is:
'all you need is a decent credit history'
It was mortgages being dished out to those with dodgy credit history that caused the house price inflation in the first place!
So I now see that they accept that prices will never rise and will continue to fall for a long while yet.
Party is over Chucky and Dan: time to nurse your hangovers somewhere else!
Prices always rise over time. You don't need mortgage fraud for that. Sensible morgage lending will, hopefully, not result in ridiculous HPI as seen 2002-2007.0 -
Yes I agree but I don't think you're going to see it in the next 6-12 months. We're most likely witnessing a massive correction that - in my opinion - will return prices back to the levels they were at before the crazy debt swapping/selling antics of the wholesale markets started.
But time will tell and everything I have said is just my opinion and everyone is entitled to theirs too of course. And I do respect differing opinions...even though it is not evident in my posts LOL
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards