First it was dead cat bounce

chucky

Really2 wrote: »

I take you just sold your last house at 3.5X the average wage in your area?

ahem... he's never owned a house... :T

Euphoria1z

how long does it take for an average wage to increase? i started work 10 yrs ago on 12k, 10 yrs later im on 15K, how rubbish is that? and i have to service a 145K mortgage debt on this, feed my family (wife and 2 kids), pay all the bills etc etc. took me 5 yrs to save for a deposit (an even then a 3rd of it came from my dad) and the only way i managed to save the deposit was coz i was living with my parents (whilst i was married) and im now facing redundancy. only bought the house 2 yrs ago. i really wanna move from this country and cant even do that!

chucky

Really2 wrote: »

I take you just sold your last house at 3.5X the average wage in your area?

best ask that to Nearly New he had 4 houses... :rolleyes:

Really2

chucky wrote: »

ahem... he's never owned a house... :T

Sorry I meant nearlynew. Just that that selling at 3.5X wage for the area would mean they actualy are thinking of others and not themselves.

But I seriously doubt any one who sold in the last 1.5 years did for this now "more socialy fair" idea did.

ruggedtoast

shakerbaby wrote: »

I don't believe it's over. With rising unemployment the next leg down is in the pipeline.

What "they" are hoping will happen is a two tier economy. On one side are the low wage, bad credit and otherwise priced out renters. Unable to amass suffucent equity to ever buy in a limited market.

And on the other side will be a cabal of canny property owners, vicariously ekeing out supply and renting their properties sparingly.

Unfortunately I suspect once the latest boost stops tinkling out of the QE slot machine "they" might be somewhat disappointed at this growing underclasses financial capacity to keep "them" in the manner to which they expect.

Really2

nearlynew wrote: »

Both economically and socially.

So nearly new did you sell your last house at 3.5X the average wage in the area or market value?

Graham_Devon

Anyone else sick to the back teeth of arguing the same arguments over and over and over again, just each one having a little twist of "taken completely out of context again"?

Really2

Graham_Devon wrote: »

Anyone else sick to the back teeth of arguing the same arguments over and over and over again, just each one having a little twist of "taken completely out of context again"?

Graham that made me lol.

Was it a joke, the bears have been picking like mad the last few days even wishing people dead.

Reminds me of when I came on the forum and If I posted a small glimer of light all the bears would say no look at this etc.
I would then say I only want a family home and was called a liar.

now figures go +ve and all the bears go off on one saying it is lies and doctoring and they have no VI.

How about you saying you guessed 95% of people buy cars on finance for the scrapage sceme. You then asked If I thought it was "any diffrenet, seriously"

The bears are laying it on with a trowel then moaning if anyone comes back with anything any different.

Things are looking a little bit better at the moment. Deal with it better you lot !!!!!!!

Graham_Devon

It wasn't aimed at anyone.

It's just each thread seems to be the same as the last! Isn't a bull or bear argument.

Touche though on getting better when the BOE pumps another 50bn through QE into the economy because of a "deeper recession".

But hey, at least I was a bull for all of 10 mins.

Dan:_4

Graham_Devon wrote: »

It wasn't aimed at anyone.

It's just each thread seems to be the same as the last! Isn't a bull or bear argument.

Touche though on getting better when the BOE pumps another 50bn through QE into the economy because of a "deeper recession".

But hey, at least I was a bull for all of 10 mins.

You can't beat a good bull vs bear fight.