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Debate House Prices
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Telegraph - HPC not over yet
Comments
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Whatever. Here's a question just for you Chucky, please try to answer. Why is it so important to you that HPI returns, or that the crash stops? It seems to occupy virtually every post you make, you seem so determined to be right about whatever small detail you are arguing about.mortgage rates were at 5% or 6% a year agao - why would they all of a sudden start to struggle if they went back to this level?
I can understand some people might think they will go up, or down and have varied arguments around that case. But in your case it seems like a one man mission and I really don't understand why.0 -
Whatever. Here's a question just for you Chucky, please try to answer. Why is it so important to you that HPI returns, or that the crash stops? It seems to occupy virtually every post you make, you seem so determined to be right about whatever small detail you are arguing about.
I can understand some people might think they will go up, or down and have varied arguments around that case. But in your case it seems like a one man mission and I really don't understand why.
it's not important and it never has been important. and i always answer questions.
please go and find a thread (without you modifying it) that i have said that i want HPI to return.
i just don't like doom mongers and bullsh1tters (like you) making up stuff or making out a different situation to that it actually is... is that good with you?
i thank you
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Chucky I said bank rate (base rate), not mortgage rates. hundred's of thousands have almost certainly dropped onto to SVR's in the last 12 months from their expiring deals, SVR's were much higher a year ago than now. A large percentage of those people cannot remortgage due LTV issues, if SVR's hit 7%+ now as they were a year ago, the amount of people getting into trouble would be huge.
and how far are we from being at this 7% rate?
18 months - 24 months or even longer.0 -
and how far are we from being at this 7% rate?
18 months - 24 months or even longer.
No one knows. I think you know that.
Chucky, this isn't a dig honestly, but you seem to be just picking at peoples arguments and not actually responding to any of the points. You ask the question, we spend time answering, and then you just pick at one part of the argument based on something that no one knows.0 -
Wow, no need to get upset! It was a perfectly serious question. Why have you spent 5,545 posts arguing the most minor of points, quite often repeatedly. Very seldom do you advance a theory of your own, but mostly it is to argue against the bear side whether it be the economy or house prices.it's not important and it never has been important.
please go and find a thread (without you modifying it) that i have said that i want HPI to return.
i just don't like doom mongers and bullsh1tters (like you) making up stuff or making out a different situation to that it actually is... is that good with you?
i thank you
I just wondered what motivates you to do this, what sort of fun or pleasure you get from it?
Is it terribly important to you to be right, or maybe you just like an argument. But there are lots of fun things to argue about, chat about - yet somehow you manage to stay firmly stuck on the same topic.
I think prices will go down. Maybe by as much as 50% (I am not terribly upset if I am wrong, we all make mistakes). Now that's out of the way I can spend 5,000 odd posts having some fun, some entertainment.
As I said Chucky. It seems oh so important to you, and that's a bit sad really.0 -
Wow, no need to get upset!
and i really look upset
either way it doesn't matter - i know that you haven't got a clue but i say that with a smile on my face.
go and have a nice calm down and it's a shame that your ignorance is still there after how ever many posts you've made.
if you don't like what i post stick me on ignore - i don't even read your posts they contain nothing of value, just scan them for my user name as they usually contain it.0 -
Graham_Devon wrote: »No one knows. I think you know that.
Chucky, this isn't a dig honestly, but you seem to be just picking at peoples arguments and not actually responding to any of the points. You ask the question, we spend time answering, and then you just pick at one part of the argument based on something that no one knows.
you're talking rubbish - Graham.
you obviously didn't understand what i've said - sad but true0 -
Well you sounded upset, but that picture of a smily really convinces me otherwise. I am just trying to understand your mindset. You are logged in almost permanently, and latch onto Graham repeatedly for example in order to try to disprove everything he types.and i really look upset
either way it doesn't matter - i know that you haven't got a clue but i say that with a smile on my face.
go and have a nice calm down and it's a shame that your ignorance is still there after how ever many posts you've made.
if you don't like what i post stick me on ignore - i don't even read your posts they contain nothing of value, just scan them for my user name as they usually contain it.
Is it because you enjoy the argument, the cut and thrust? Or is it the wind up angle that excites you most? Or are house prices really that important to you? You claim to own a house and not be bothered, so why such a big deal?
We never see you on the political threads, or others where people offer up viewpoints, and chat, argue, and generally rap about stuff. Very few of us need to be right all the time, it's not essential in order to contribute.0 -
I think the point Graham was making is a relatively small amount maybe struggling now, but that wouldn't be the case if/when the bank rate hits say 5%, which is still very low.
Why do you think that? Far more people have been on 5% or 6% fixes from 2007 until now than have been on trackers. And even those on trackers started out paying 5% or 6% just 2 years ago.
And new mortgage borrowers have not seen anything like .5% rates, as the banks have kept the retail rates at pretty much the same levels as they were in 2007 to increase their margins.
There will be no surge of repossessions when rates go back up to 5%. But that won't happen for years anyway.An example would be that when IR's were well into double digits in the early 90's, there was no help for homeowners, no rescue schemes, no government leaning on the banks not to repossess etc....... yet this time we have all this with very very low rates and repo's are still going to approach those of the early 90's.
Surely proof that the item that people are taking a loan out on is too expensive for the salaries that people are earning.
It's not proof of that at all.
If it's proof of anything, it's proof that since the 90's, the percentage of home ownership has been pushed too far, into the hands of some that can't afford it, or are too irresponsible for it, or are too likely to be in a job category that is insecure and more prone to layoffs in recessions.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
We never see you on the political threads, or others where people offer up viewpoints, and chat, argue, and generally rap about stuff.
Wait, they have political threads here?
Where?“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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