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MSE News: Halifax: House prices up again in August (+0.8%)
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HAMISH_MCTAVISH wrote: »Oh look, a shiny thing......:rolleyes:
If nobody could afford to buy they wouldn't be buying. (76,000 last month alone)
If nobody could afford to pay more, then prices wouldn't be rising. (up 8.5% this year so far)
The only reason prices fell was because lending was withdrawn. Lending has been increasing, and so have prices.
It really is that simple.
No, it's not that simple. You have totally ignored the bank of mummy and daddy. Well known to be helping a large proportion of FTB's. It was reported not long back in one of your threads in which someone else had to finish off your quoting for you. Something like 60% if I remember correctly are relying on mum and dad for the deposit to get the mortgage.
Equity has played a HUGE role in the money supply for the people buying. Many who have STR taking their equity with them. Eqity allowing the bank of mum and dad to help out.
It is NOT as simple as you suggest. And to suggest it is that simple is nonsense and you know it.
Here you are....a quick google news search to show my point is real...
http://www.easier.com/view/UK_Property_News/Avon/article-270590.html
http://www.thisismoney.co.uk/mortgages-and-homes/article.html?in_article_id=490232&in_page_id=8&position=moretopstories
It says in the thisismoney article, 20% of parents are helping their children with deposits. Thats 1 in 5 people needing the bank of mum and dad to buy. So put them into your FTB figures and you will see thats a HUGE percentage of those who make up the figures.0 -
Graham_Devon wrote: »No, it's not that simple. You have totally ignored the bank of mummy and daddy. Well known to be helping a large proportion of FTB's. It was reported not long back in one of your threads in which someone else had to finish off your quoting for you. Something like 60% if I remember correctly are relying on mum and dad for the deposit to get the mortgage.
Equity has played a HUGE role in the money supply for the people buying. Many who have STR taking their equity with them. Eqity allowing the bank of mum and dad to help out.
It is NOT as simple as you suggest. And to suggest it is that simple is nonsense and you know it.
Well given that 10 million or so houses are mortgage free, and another few million still have significant equity......
It looks like there is a about a 20 year supply of "bank of mum and dad" still to go.;)
And as it does seem mostly couples are buying the good houses, that just doubles the odds of them being able to get bank of mum and dad to help.“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 -
Graham_Devon wrote: »No, it's not that simple. You have totally ignored the bank of mummy and daddy. Well known to be helping a large proportion of FTB's. It was reported not long back in one of your threads in which someone else had to finish off your quoting for you. Something like 60% if I remember correctly are relying on mum and dad for the deposit to get the mortgage.
Equity has played a HUGE role in the money supply for the people buying. Many who have STR taking their equity with them. Eqity allowing the bank of mum and dad to help out.
It is NOT as simple as you suggest. And to suggest it is that simple is nonsense and you know it.
why do you bite?
Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
this is just another nail in the HPC ghetto coffin.
all they have left is the Tories to come and save them whilst they sit on Hope Mountain.0 -
this is just another nail in the HPC ghetto coffin.
all they have left is the Tories to come and save them whilst they sit on Hope Mountain.
Yes, The Tories....... With Kirsty Allsop as their housing advisor.
What could possibly go wrong with that plan? “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 -
inspector_monkfish wrote: »why do you bite?
You know, I'm not sure.
Just cannot stand this "everythings fine, people can afford houses, they are more affordable now than ever" scenario Hamish keeps pumping out daily on several brand new threads and on nearly every thread you go on.0 -
Graham_Devon wrote: »Just cannot stand this "everythings fine, people can afford houses, they are more affordable now than ever" scenario Hamish keeps pumping out daily on several brand new threads and on nearly every thread you go on.
actually housing is getting more affordable.
it's just over the long term average.0 -
Graham_Devon wrote: »You know, I'm not sure.
Just cannot stand this "everythings fine, people can afford houses, they are more affordable now than ever" scenario Hamish keeps pumping out daily on several brand new threads and on nearly every thread you go on.
It is the mirror of last year Graham, people have views and it is a public forum.
What were the thread like last year when we were all half way round the "U Bend"?0 -
It is the mirror of last year Graham, people have views and it is a public forum.
What were the thread like last year when we were all half way round the "U Bend"?
it's all about me, me, me and what i don't understand isn't a valid viewpoint.
if it doesn't suit Graham's viewpoint he'll run off in a huff again. pathetic.0 -
actually housing is getting more affordable.
it's just over the long term average.
And mortgage payments are now significantly under the long term average.
But it makes their heads hurt to discuss facts, so we'd best ignore it.
Oh look, a shiny thing....“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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