Who should be able to buy property?

tommy75

Everyone on average wages or above

IveSeenTheLight wrote: »

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:

Oh yes, the average wage in the UK is just a touch of 36k a year. I forgot about that. You keep believing those figures..

IveSeenTheLight

Other - please describe below

StevieJ wrote: »

Not quite with you there, are you saying they are telling lies?

I think he thought that only people who lied to the Halifax regarding their wages in order to get a mortgage and that the affordability ratio was taken using these LTB figures.

Fact is though that the wages were taken from the ONS and not from mortgage applications.

IveSeenTheLight

Other - please describe below

tommy75 wrote: »

Oh yes, the average wage in the UK is just a touch of 36k a year. I forgot about that. You keep believing those figures..

You keep ignoring the facts then
Try looking them up for yourself

IveSeenTheLight

Other - please describe below

Graham_Devon wrote: »

Your select facts? While when someone disputes it, you make up some nonsense about them which cannot even be proven?

When?

Maybe I just understand the facts presented, and you make up your own opinion and post them as facts without actually looking into where the figures are obtained from?

You've been shown many a time not to understand what you are talking about, sorry, but you need to do a little bit more research before posting

Harry_Powell

Hey Hey Hey!!!!

Uncle Martin could be watching! Play nice, children!

tommy75

Everyone on average wages or above

Here, enlighten yourself:
http://www.housepricecrash.co.uk/forum/index.php?showtopic=110258

I recall watching something last year which dissected the population earnings into about 5 or 6 sections with about 80% in the bottom 2 sections under 30k. My memory is a little rusty but I'll have a look round for it.

Graham_Devon

Everyone with a full time wage

IveSeenTheLight wrote: »

When?

Maybe I just understand the facts presented, and you make up your own opinion and post them as facts without actually looking into where the figures are obtained from?

You've been shown many a time not to understand what you are talking about, sorry, but you need to do a little bit more research before posting

When?!

Whenever you bring out some wage information it's the best you can find, such as a part time worker is on above 16k per year. Thats £19 per HOUR.

Nurses earn a 3rd less.

It's all rubbish, and you know it is, but suits you as you can say house prices have now correlated.

I'm a realist, I understand what I post, and will always say I am wrong if proven wrong, like I did even to you. A realist does NOT believe your figures you insist on using which puts a female part time worker at 19 quid an hour.

Graham_Devon

Everyone with a full time wage

tommy75 wrote: »

Here, enlighten yourself:
http://www.housepricecrash.co.uk/forum/index.php?showtopic=110258

I recall watching something last year which dissected the population earnings into about 5 or 6 sections with about 80% in the bottom 2 sections under 30k. My memory is a little rusty but I'll have a look round for it.

LOL, so it ignores certain wages. Brilliant!!

See, false!

Halifax state that their earnings figure is taken from the Annual Survey of Hours and Earnings, and that they ignore the data on women's salaries.

How convinient.

tommy75

Everyone on average wages or above

I'm only trying to help, not argue. :beer:

Graham_Devon

Everyone with a full time wage

tommy75 wrote: »

I'm only trying to help, not argue. :beer:

I'll argue, when this poster keeps telling ME I don't understand and uses figures which excludes certain areas and comes up with !!!!!!.