Buyers beware as confident home sellers start to hold out for the asking price

Harry_Powell

chucky wrote: »

lots of people losing their jobs - does not mean home owners are losing their jobs. if you can prove that this will impact house prices directly and exclusively home owners only please let me know

Bit of a 'straw man' argument there, I didn't say that it was only sellers losing their jobs, I said "lots of people are losing their jobs". I therefore don't need to prove any such thing! :rolleyes:

FoxtonsRIP

Welcome back Dad

chucky

Harry_Powell wrote: »

Bit of a 'straw man' argument there, I didn't say that it was only sellers losing their jobs, I said "lots of people are losing their jobs". I therefore don't need to prove any such thing! :rolleyes:

straw man!? never met him.

of course you don't need to prove anything - it;s only an internet forum

but you did imply that lots of people losing their jobs would impact house prices. that's what i was questioning.

Harry_Powell

chucky wrote: »

straw man!? never met him.

of course you don't need to prove anything - it;s only an internet forum

but you did imply that lots of people losing their jobs would impact house prices. that's what i was questioning.

So you don't think that lots of people losing their jobs would impact house prices?

chucky

Harry_Powell wrote: »

So you don't think that lots of people losing their jobs would impact house prices?

i think that lack of mortgage lending and lack of wage inflation will impact house prices more...

do you still think that unemployment will affect house prices more than these?

ps. still waiting to see that unemployment only affect home owners and not renters and people in social housing, living with parents and people who live mortgage free - that alone is 40% of home owners...

Harry_Powell

chucky wrote: »

i think that lack of mortgage lending and lack of wage inflation will impact house prices more...

do you still think that unemployment will affect house prices more than these?

"Still think"? Again, you're trying to introduce a 'straw man' argument and put words into my mouth. I said that "lots of job losses would impact house prices", nothing more, nothing less. Are you still saying that I'm wrong?

To answer your question though. I think losing my job would make me less likely to buy a house than lack of mortgage lending and lack of wage inflation. With a large deposit, I can always find a mortgage, even if the rates are poor, with lack of wage inflation I can always 'cut my cloth to suit my circumstances' and buy a more modest house. With no job, I would not get a mortgage, end of story (and nor would I want one).

I Just saw your p.s. I thought that we established that I never said that job losses only effect home owners? Are you a little simple?

chucky

Harry_Powell wrote: »

"Still think"? Again, you're trying to introduce a 'straw man' argument and put words into my mouth. I said that "lots of job losses would impact house prices", nothing more, nothing less. Are you still saying that I'm wrong?

To answer your question though. I think losing my job would make me less likely to buy a house than lack of mortgage lending and lack of wage inflation. With a large deposit, I can always find a mortgage, even if the rates are poor, with lack of wage inflation I can always 'cut my cloth to suit my cisrcumstances' and buy a more modest house. With no job, I would not get a mortgage, end of story (and nor would I want one).

Just saw your p.s. - I thought that we established that I never said that job losses only effect home owners? Are you a little simple?

come on sock puppet as you can see there's no need to discuss it with you as you're starting to throw your toys out of the pram already.

a blunt instrument like yourself should bring some facts and instead of spouting soundbites.
I'll leave it with you to struggle to buy and get on that housing ladder - good luck.

Harry_Powell

chucky wrote: »

come on sock puppet as you can see there's no need to discuss it with you as you're starting to throw your toys out of the pram already.

a blunt instrument like yourself should bring some facts and try to prove your soundbites. I'll leave it with you to struggle to buy and get on that housing ladder - good luck.

Are you on drugs? You seem to be the one throwing the toys out of the pram and storming off, as well as doing the usual Economy board accusation of 'Sock puppet' to deflect the argument. Also, I'm not 'struggling' to get on the housing ladder, I'm merely waiting for prices to fall before I buy.

I'm happy to debate with you, but it's a little problematic if you keep making up things. I say: "lots of job losses will impact house prices" and you hear: "job losses only impact home owners"

Is it your usual tactic to build 'straw man*' arguments rather than sticking to the facts?

* As you seem not to understand what a straw man argument is, this is taken from Wiki:

A straw man argument is an informal fallacy based on misrepresentation of an opponent's position.[1] To "attack a straw man" is to create the illusion of having refuted a proposition by substituting a superficially similar proposition (the "straw man"), and refuting it, without ever having actually refuted the original position.

JonnyBravo

Harry_Powell wrote: »

To answer your question though. I think losing my job would make me less likely to buy a house than lack of mortgage lending and lack of wage inflation. With a large deposit, I can always find a mortgage, even if the rates are poor, with lack of wage inflation I can always 'cut my cloth to suit my circumstances' and buy a more modest house. With no job, I would not get a mortgage, end of story (and nor would I want one).

Oh dear.... Harry you seem to be misunderstadning the nature of populations and averages etc
Of course losing your job affects your ability to buy but if you don't lose your job it doesn't affect you. You may act more cautiously through fear of losing it .... or you may not. In short, unemployment doesn't affect the whole population. Those who do become unemployed may still get a new job and become interested in buying again. I thought you knew people were still getting jobs??

On the other hand the restriction of credit affects all. Sure you can mitigate this by having large deposits etc but there is no getting away from choice being down and the need for competitive deals being reduced. This affects all.


So it all depends (in this broad brush discussion) on whether you are considering a population or an individual.

They both affect house prices but I'd say that restriction of credit has just as much if not more to do with it than unemployment. eg the first few months of this crash.

Harry_Powell wrote: »

Are you a little simple?

Oh dear Harry, you need to calm down before you start to say silly things.

:cool:

Harry_Powell

JonnyBravo wrote: »

Oh dear.... Harry you seem to be misunderstadning the nature of populations and averages etc
Of course losing your job affects your ability to buy but if you don't lose your job it doesn't affect you. You may act more cautiously through fear of losing it .... or you may not. In short, unemployment doesn't affect the whole population. Those who do become unemployed may still get a new job and become interested in buying again. I thought you knew people were still getting jobs??

On the other hand the restriction of credit affects all. Sure you can mitigate this by having large deposits etc but there is no getting away from choice being down and the need for competitive deals being reduced. This affects all.


So it all depends (in this broad brush discussion) on whether you are considering a population or an individual.

They both affect house prices but I'd say that restriction of credit has just as much if not more to do with it than unemployment. eg the first few months of this crash.



Oh dear Harry, you need to calm down before you start to say silly things.

:cool:

Is this a Bull tag-team event?