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Debate House Prices
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Abandoned hope for all ye FTBs
Comments
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IveSeenTheLight wrote: »slight decrease or dramatically improved?
Depends what spin you're putting on it. If you consider that unemployment is increasing and banks need to improve their balance sheets, then house prices are still too high.0 -
pickles110564 wrote: »Like I have been asked in the past, supply proof that he was turned down with a 15% deposit.
Show letter explaining full reasons of why he was turned down if he ever was, this would show that you are not making it up like most on here do to try and convince others to their side of the jackanory.
And I am supposed to do that how?
You are now proving exactly what I just said in response to you. Absolutely no point in explaining to you.0 -
Same way as I did, publish the letter using a third party service so that we can all read it.Graham_Devon wrote: »And I am supposed to do that how?
You are now proving exactly what I just said in response to you. Absolutely no point in explaining to you.
Like I said before you are just spin with no substance.:rotfl:0 -
Depends what spin you're putting on it. If you consider that unemployment is increasing and banks need to improve their balance sheets, then house prices are still too high.
See above post.
http://forums.moneysavingexpert.com/showpost.html?p=21845685&postcount=21
You want stability, but not to follow the long term growth trend (includes previous crash data):wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
pickles110564 wrote: »Same way as I did, publish the letter using a third party service so that we can all read it.
Like I said before you are just spin with no substance.:rotfl:
It's not my letter.
Though I feel it will be easier to just nod and smile at you and agree you are right.0 -
Graham_Devon wrote: »It's not my letter.
Though I feel it will be easier to just nod and smile at you and agree you are right.
Thanx mate, your are a bigger man than I thought before.0 -
"How do they know that". Bit simple really. Seeing as the LENDERS are the ones that LEND and analyse LENDING they know what longer time LTV and Multiples will be. They are the ones that form their business models after all.
So, average salary 24K, 3.5X income (who knows what they have been told by the government as to long-term multiples limits) and minimum 10% deposit = average house price around 100K. Bit of a problem there, as house prices are much higher than that. Add a little for supply/demand dynamics and its pretty obvious that house prices have a significant way to fall. Thats how "they know".
Anyone thinking once the Credit Crunch is over we will see 5X salary mortgages and 5% deposits, you are a fool.
Tell me this, why are lenders only lending to peeps with 25% deposits ++ if they didnt think further price falls were going to be around this level on average?0 -
Tell me this, why are lenders only lending to peeps with 25% deposits ++ if they didnt think further price falls were going to be around this level on average?
Why were they lending at 10 x (I know, but that is what people on here think
) if they didn't think that prices would rise for ever 
You can't have them clueless one moment and then 'all seeing' the next :rolleyes: 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Why were they lending at 10 x (I know, but that is what people on here think) if they didn't think that prices would rise for ever You can't have them clueless one moment and then 'all seeing' the next :rolleyes:
Seems your just being clueless constantly if you really need to ask such a question!!0 -
Tell me this, why are lenders only lending to peeps with 25% deposits ++ if they didnt think further price falls were going to be around this level on average?
Just did a very quick look at moneysupermarket and found a number of lenders offering 90% LTV
http://www.moneysupermarket.com/mortgages/
Why are these lenders prepared to lend with only a 10% deposit?
Do they think that price falls will be less than this percentage and that the risk is covered?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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