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Debate House Prices
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Latest Housing Stats.....
Comments
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HAMISH_MCTAVISH wrote: »Unemployment will not rise to a high enough level to impact housing, not with the help that is available this time around which wasn't last time.
Rates won't rise significantly for years, certainly not until the economy is growing again. And for that to happen, lending has to increase. When lending increases, bank competition will resum, margins will decrease, and people will end up paying similar mortgage payments.
Most people paid around 5% in 2007. Most people still pay around 5% today. The future will be little different.
Do you have any evidence to support this? I read an article from David Blanchflower recently who suggested it would. There are other economists with the same opinion. Whilst you maybe right surely you are simply guessing so how can you tell us they will not? Also agin how do you know rates will not rise signifcantly for years? You are again guessing. Whilst again you may be right you have no idea.0 -
Do you have any evidence to support this? I read an article from David Blanchflower recently who suggested it would. There are other economists with the same opinion. Whilst you maybe right surely you are simply guessing so how can you tell us they will not? Also agin how do you know rates will not rise signifcantly for years? You are again guessing. Whilst again you may be right you have no idea.
isn't that what you've just done in your entire post0 -
• The average declared income for first time buyers buying a property with a mortgage in the UK in 2008 was £41,000. This compares with £62,000 for former owner occupiers (Table 5.5);
According to the Annual Survey of Hours an Earnings, UK median full time pay was £25,816 and the mean is £31,916 for tax year 2008/09.
http://www.statistics.gov.uk/downloads/theme_labour/ASHE-2009/tab8_7a.xls
Does this mean that the FTB's were earning higher than even the mean UK wage?0 -
bernard_shaw wrote: »According to the Annual Survey of Hours an Earnings, UK median full time pay was £25,816 and the mean is £31,916 for tax year 2008/09.
http://www.statistics.gov.uk/downloads/theme_labour/ASHE-2009/tab8_7a.xls
Does this mean that the FTB's were earning higher than even the mean UK wage?
Household income I would say.0 -
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Household income I would say.Thrugelmir wrote: »Agree. A single mortgage could have multiple applicants.0
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bernard_shaw wrote: »So, FTB's aren't singletons, these days?
house buying unfortunately isn't for everyone, it's only for those that can afford it ... unfortunate but that's the way it is
FTB's don't buy an average house (whatever that is) anyway0 -
bernard_shaw wrote: »So, FTB's aren't singletons, these days?
Some are some an't you can't tell on an average wage unless they say.
But Most people now buy when in a relationship. I thought most usually purchased like that.
When were most FTB's singletons? I thought even in the 60's most still only purchased when married.0 -
Some are some an't you can't tell on an average wage unless they say.
But Most people now buy when in a relationship. I thought most usually purchased like that.
When were most FTB's singletons? I thought even in the 60's most still only purchased when married.
I see. I saw this advice elsewhere:HAMISH_MCTAVISH wrote: »the first rungs on the ladder.
Buy a flat. Build equity. Meet a nice girl that also bought a flat. Sell your flats for a nice big deposit. Buy a house.
Thats the way it works.
Is that not the way it works?0
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