Who should be able to buy property?

Graham_Devon

Everyone with a full time wage

IveSeenTheLight wrote: »

Ah, your going back to the difference between MEdian and Mean average wages.

I don't think you have ever understood that you can't compare median wage averages against mean house prices

Once again, here is how the LR figures are calculated
http://www.landregistry.gov.uk/


Here it shows the LR uses mean prices as its calibration
http://www.houseprices.uk.net/articles/house_price_indices/

Of course I am, as its what the majority earn.

You know earlier, I said that I gave proof and you just told me it dont count cus house prices aint like that?

You just did it again

Can I borrow your banging head thing?

Once again, I do not care how the LR calculate. I only care about the real world.

IveSeenTheLight

Other - please describe below

Graham_Devon wrote: »

Plus there is this, which totally goes against your handpicked figures....

http://blogs.thisismoney.co.uk/this_is_money_blog/2009/02/why-house-prices-may-fall-another-38.html

Mind, I spose Nationwide are wrong, cus they put it at over 5x the average wage still

I rest my case, keep cherry picking and telling us we dont understand.

LOL, not hand picked, intellectually defined as the correct way of determining earnings - house price ratios

Would the nationwide 5 x figure be the one you referred to in your mortgage calculator as only providing circa 3.8 x to argue for post upon post until about a dozen people prooved you wrong.

I dont say you (as in a group) don't understand but you (as in personally) invariably have gotten it wrong a number of times and therefore reasonably to assume you don't understand.

Good night Mr Graham, I fear you will forever believe your own opinion and not seek the truth in the facts

Graham_Devon

Everyone with a full time wage

IveSeenTheLight wrote: »

LOL, not hand picked, intellectually defined as the correct way of determining earnings - house price ratios

Would the nationwide 5 x figure be the one you referred to in your mortgage calculator as only providing circa 3.8 x to argue for post upon post until about a dozen people prooved you wrong.

I dont say you (as in a group) don't understand but you (as in personally) invariably have gotten it wrong a number of times and therefore reasonably to assume you don't understand.

Good night Mr Graham, I fear you will forever believe your own opinion and not seek the truth in the facts

:rotfl::rotfl::rotfl::rotfl:

The TRUTH in facts!? And you present "facts" which exclude women and will not even comment on any "facts" I give from "official sources" as described in the "facts".

Only your facts are right

Night

IveSeenTheLight

Other - please describe below

Graham_Devon wrote: »

Of course I am, as its what the majority earn.

You know earlier, I said that I gave proof and you just told me it dont count cus house prices aint like that?

You just did it again

Can I borrow your banging head thing?

Once again, I do not care how the LR calculate. I only care about the real world.

Point proven, no more discussion trying to explain things to you anymore.

From the great Paul Newman film "Cool Hand Luke"

What we got here is failure to communicate. Some men you just cant reach.

Graham_Devon

Everyone with a full time wage

IveSeenTheLight wrote: »

Point proven, no more discussion trying to explain things to you anymore.

From the great Paul Newman film "Cool Hand Luke"

What we got here is failure to communicate. Some men you just cant reach.

Point proven?

You have explained several times ISTL. Every time you merely tell me, and everyone else who can see the average wage is not 36k is wrong, and you are right.

At least I say why your facts are wrong. You simply ignore any facts or graphs I give and again tell me "i dont understand".

IveSeenTheLight

Other - please describe below

Graham_Devon wrote: »

Point proven?

You have explained several times ISTL. Every time you merely tell me, and everyone else who can see the average wage is not 36k is wrong, and you are right.

At least I say why your facts are wrong. You simply ignore any facts or graphs I give and again tell me "i dont understand".

:wall:
What we got here is failure to communicate. Some men you just cant reach.
:wall:

System

Jesus christ.

dopester

mewbie wrote: »

ISTL has been talking about house price affordability ever since I joined. I believe the averages must have got better as prices have dropped, and presumably will get better still as they continue dropping. So he will be able to carry on promoting the message of affordability. I do believe one day he will be right.

Wages are falling too though. Even with house prices falling, affordability is getting worse (imo).

Maybe not to the same extent as the USA, but there must be pressures on so many areas, which will make them not worth living in or near. Few jobs, dismal prospects. Best to be property-free and have options.

I'm not stretching to full "affordability" by ISTL standards in some dead-end town.

Harry_Powell

Just to move the discussion back away from statistics for a moment...

I always like the often mentioned "Well, I'd like to buy a Ferarri, but I can't afford it...", argument, used when discussing if house prices should be in the range of ordinary people.

What they forget it that there are a whole range of new and used cars across the spectrum that suit everybody's pocket. Houses should also be like this (I know they may already be in certain areas, but definitely not here in the SE).

If a Ferrari equates to a nice pad in Mayfair, a 10 year old Rover Mini should equate to a 1 bed studio in Bermondsey. It doesn't.

bluey890

Other - please describe below

Harry_Powell wrote: »

Just to move the discussion back away from statistics for a moment...

I always like the often mentioned "Well, I'd like to buy a Ferarri, but I can't afford it...", argument, used when discussing if house prices should be in the range of ordinary people.

What they forget it that there are a whole range of new and used cars across the spectrum that suit everybody's pocket. Houses should also be like this (I know they may already be in certain areas, but definitely not here in the SE).

If a Ferrari equates to a nice pad in Mayfair, a 10 year old Rover Mini should equate to a 1 bed studio in Bermondsey. It doesn't.

"Well, I'd like to buy a Spaceship, but I can't afford it..."