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Debate House Prices
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Who should be able to buy property?
Comments
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Other - please describe belowWell that's clear then. Phew.0
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lol carolt, it's like writing a legal document when you post on this particular board!
"I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.0 -
Other - please describe belowHarry_Powell wrote: »lol carolt, it's like writing a legal document when you post on this particular board!
We must be reading different boards...
:)
Haven't seen too many legal documents with the word 'spiv' in of late.Favourite hobbies: Watersports. Relaxing in Coffee Shop. Investing in stocks.
Personality type: Compassionate Male Armadillo. Sockies: None.0 -
kennyboy66 wrote: »Why you little..............
For interest, what do you consider urban & when were you last in Liverpool.
I thought you might comment on that one
'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 -
I had a 1 bed flat in a crap hellhole.
Could you afford it in your 16 hour Mcjob :eek: Only joshing '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 -
EveryoneHarry_Powell wrote: »lol carolt, it's like writing a legal document when you post on this particular board!
Us 'concrete' thinkers must unite. The board would lose a lot of comments and discussion points if we didn't quibble about the odd word occasionally
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Everyone on average wages or aboveAnybody on an average wage could buy pre 2002 without borrowing silly multiples. Its ridiculous that we even have to discussion who should be able to afford property. Some BTL'ers think that its now a situation where most working familys should not be able to purchase a property unless they have at least two members earning above the average wage. All because they didn't buy a property 7 years ago or longer. The gap in average wage to house price has never been so out of sink. Next leg down this winter. Some novice BTL'ers are going to start wincing pretty soon.0
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Anybody on an average wage could buy pre 2002 without borrowing silly multiples. Its ridiculous that we even have to discussion who should be able to afford property. Some BTL'ers think that its now a situation where most working familys should not be able to purchase a property unless they have at least two members earning above the average wage. All because they didn't buy a property 7 years ago or longer. The gap in average wage to house price has never been so out of sink. Next leg down this winter. Some novice BTL'ers are going to start wincing pretty soon.
depends where they were0 -
Other - please describe belowOnly I should be allowed to buy a house. Everybody else would be delighted to be my tenants.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Other - please describe belowAnybody on an average wage could buy pre 2002 without borrowing silly multiples. Its ridiculous that we even have to discussion who should be able to afford property. Some BTL'ers think that its now a situation where most working familys should not be able to purchase a property unless they have at least two members earning above the average wage. All because they didn't buy a property 7 years ago or longer. The gap in average wage to house price has never been so out of sink. Next leg down this winter. Some novice BTL'ers are going to start wincing pretty soon.
I find it interesting when people talk about the house price - earnings ratio
If you look at this link, Q1 09 was showing a house price - earning ratio of 4.35 while the long term average is 4.02.
The highest was 5.86 (on average for the UK), therefore it simply is not the case that the ratio has bnever been so out of sync.
http://www.lloydsbankinggroup.com/media1/research/halifax_hpi.asp then click the affordability option under other housing research
Incidently the mortgage repayments as a percentage of income is currently 30.56% with the 26 year average being 37.29%.
The highest percentage was in Q2 90 when it was 65.54% :eek::wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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