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Debate House Prices


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Comments

  • nearlynew
    nearlynew Posts: 3,800 Forumite
    chucky wrote: »
    nobody has denied this - it happened and will always happen

    So when they are exposed as being unable to pay, what should happen then?
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    nearlynew wrote: »
    That's life.
    !!!!!! happens.

    Just like rampant HPI happens and prevents people from buying their home because they were born too late.

    You say some people will never own their own home and that this has always been the case.
    Yet people who can't pay their mortgage should be helped to buy their home.

    I don't understand why you consider one situation OK and the other not.

    Your probably right, all the bears whinging about prices and waiting for the jigsaw pieces to fit together,should just get on with it and buy.

    I bought my first house and sat on bean bags for 18months,not ideal but it gets easier long term.
    Official MR B fan club,dont go............................
  • nearlynew wrote: »
    But many people who have been deemed able to afford to "buy" have only done so through financial trickery and under "normal" cicumstances would not have been allowed to buy in the first place.

    It is only now that they are exposed.

    It's clearly not pleasant and I wouldn't wish it on anybody, but it is a necessity.

    The way of dealing with that example might be better regulation of the selling of mortgages going forward.
  • Mr.Brown_4
    Mr.Brown_4 Posts: 1,109 Forumite
    ess0two wrote: »
    I bought my first house and sat on bean bags for 18months,not ideal but it gets easier long term.
    Hey man, bean bags are groovy. Don't knock the bean bags man.
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Mr.Brown wrote: »
    Hey man, bean bags are groovy. Don't knock the bean bags man.

    No good for the back,but ok for s hagging on,kinda missed them when i could afford a dfs setee.
    Official MR B fan club,dont go............................
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 8 December 2009 at 10:38PM
    nearlynew wrote: »
    So when they are exposed as being unable to pay, what should happen then?

    debtors prisons would be a good idea
  • MatteH
    MatteH Posts: 102 Forumite
    ess0two wrote: »
    Your probably right, all the bears whinging about prices and waiting for the jigsaw pieces to fit together,should just get on with it and buy.

    I bought my first house and sat on bean bags for 18months,not ideal but it gets easier long term.
    What was inflation like in that time period?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    MatteH wrote: »
    What was inflation like in that time period?

    and what about interest rates?
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    MatteH wrote: »
    What was inflation like in that time period?


    Dunno was'nt on my agenda,1992 when i bought.
    Official MR B fan club,dont go............................
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    chucky wrote: »
    and what about interest rates?


    Got a fix at 7.8%,paying nearly £800,crippler at first,but it got easier.
    Official MR B fan club,dont go............................
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