Halifax +2.6 % MoM

Dan:_4

Graham_Devon wrote: »

I think you would be surprised just how many buy houses on one income.

We have thousands of families in the country where the second income is from part time jobs when the kids are at school, making some pocket money.

I think it would be foolish to believe the UK is full of childless couples all working at average wage or higher jobs.

People always seem to look past the fact also, that when a couple are working, with children, often one wage is paying entirely for childcare.

Most people don't think about buying until they are married or in a long term relationship - and usually before having kids.

Lotus-eater

Graham_Devon wrote: »

People always seem to look past the fact also, that when a couple are working, with children, often one wage is paying entirely for childcare.

I was thinking that, unfortunately the 2 wage argument very rarely adds up. Unless the 2nd partner is on a very good wage, or they never have children and often the wife decides she wants to stay at home with the baby anyway. they might not consider it as a possibility before she gets pregnant, but afterwards everything changes.
We've seen lots of couples who have bought an expensive (read, any house into that) get into trouble after the wife becomes pregnant and they realise things are going to be very tough.

JonnyBravo

setmefree2 wrote: »

I don't disagree. I'm just trying to think of reasons why house prices are rising:D.

1. It's Spring. It usually happens in Spring
2. There is a lot of pent up demand and some are deciding they can wait no longer
3. There are some good long term rates around for those with deposits.
4. The world hasn't imploded like some thought. Sure it's grim but not terminal (or isn't yet anyhow)
5. In [STRIKE]any[/STRIKE] most sets of data there is usually deviance from the trend. To assume data follows a nice even line is far too simplistic.


That'll do for now.

Really2

Graham_Devon wrote: »

So you can't actually tell me that were not following the graph.

But you want to tell me it's rubbish.

You also want to tell me were at the return to normal stage, but cannot tell me when we have been through the other stages?(I HAVE AAAAAAAAAGGGGGGGGGGGGGGGGGHHHHHHHHHHHHHHHHHH)

By all means tell me you dont believe in the graph, but dont at the same time tell me where we are on it!!

!!!!!! graham I am saying the graph is rubbish and you could put anything to it like I have. (I don't belive we are at the bottom but as we are at mean it is the only way it fits the graph!!!!!!)

Can you not get that!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

setmefree2

Lotus-eater wrote: »

I was thinking that, unfortunately the 2 wage argument very rarely adds up. Unless the 2nd partner is on a very good wage, or they never have children and often the wife decides she wants to stay at home with the baby anyway. they might not consider it as a possibility before she gets pregnant, but afterwards everything changes.
We've seen lots of couples who have bought an expensive (read, any house into that) get into trouble after the wife becomes pregnant and they realise things are going to be very tough.

But what are the chances that if one partner loses there job, even if they are the sole earner, that neither of you could find work?

skap7309

Heyman wrote: »

There are many factors and I wouldn't call this month's figures an end or completion to any stage.

Oh i agree entirely but the way consumer confidence is rising, house prices are quickly stabilizing (in the short term at least) and all the other factors thrown together, it would seem a far cry from 12-18 months ago when it all began.

IR rising a good few percentage points would ensure another £200-£300 added on to many tracker mortgages and a loss of low fixed rates, anyone looking to get a loan at this time would more than likely mean less could be borrowed overall, certainly for a FTBer.

Eg. I could afford a £750 pm loan, regardless of what IRs are set at. Should they rise, i can only afford to borrow less money... :cool:

Graham_Devon

Dan: wrote: »

Most people don't think about buying until they are married or in a long term relationship - and usually before having kids.

Oh good lord.

Were now just looking for things to argue about.

What you have just said is so far out of date, it's stuck in the dark ages. I'm not going to just look for things to argue about.

One size average wage x 2 people working full time to buy a house just does not add up in this country.

Sorry, thats the way it is, there are too many factors involved in LIFE for a couple to work full time just to be able to afford the average priced home. No wonder we have so many bankrupcies and so much debt if this is what people are expecting others to do just to provide shleter for themselves.

Lotus-eater

JonnyBravo wrote: »

1. It's Spring. It usually happens in Spring
2. There is a lot of pent up demand and some are deciding they can wait no longer
3. There are some good long term rates around for those with deposits.
4. The world hasn't imploded like some thought. Sure it's grim but not terminal (or isn't yet anyhow)
5. In [STRIKE]any[/STRIKE] most sets of data there is usually deviance from the trend. To assume data follows a nice even line is far too simplistic.


That'll do for now.

Heh heh, nicely summed up

There is still alot of money sloshing about the general public's pockets atm. We're a two tier society, one lot with alot of money and one lot with alot of debt. I think far more than the last crash, when there were far more in the middlers.
Not sure what that means for the market, maybe they'll cancel each other out.

Dan:_4

Graham_Devon wrote: »

Oh good lord.

Were now just looking for things to argue about.

What you have just said is so far out of date, it's stuck in the dark ages. I'm not going to just look for things to argue about.

One size average wage x 2 people working full time to buy a house just does not add up in this country.

Sorry, thats the way it is, there are too many factors involved in LIFE for a couple to work full time just to be able to afford the average priced home. No wonder we have so many bankrupcies and so much debt if this is what people are expecting others to do just to provide shleter for themselves.

The point is, it is more common for people to buy a house on 2 wages then 1.

Lotus-eater

Dan: wrote: »

Most people don't think about buying until they are married or in a long term relationship - and usually before having kids.

I think tbh that many many couples have got sucked into buying a house far too early and a great many of them are now in trouble because they want to split up, but can't. I know way too many people like this and have seen lots of stories on here and the tv saying the same thing. it's very sad.