Latest Housing Stats.....

bernard_shaw

chucky wrote: »

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) anyway

Who said they did? I was just pointing out that the report seems to suggest that FTB's declared salary is far in excess of average wage.

mr_fishbulb

Thrugelmir wrote: »

Agree. A single mortgage could have multiple applicants.

Used to be based on the man's income as women didn't work.

Now it's both incomes.

In the future, you will need to have a threesome to buy a house.

chucky

bernard_shaw wrote: »

I see. I saw this advice elsewhere:



Is that not the way it works?

i'd say shared ownership if they can't buy a flat outright.

if that's not an option it has to be renting and saving up a bigger deposit if buying property is what they want to do.

Really2

bernard_shaw wrote: »

I see. I saw this advice elsewhere:



Is that not the way it works?

Some single people may buy flats.

Some may rent. I don't see a posters view makes much difference to the figures.

Really2

mr_fishbulb wrote: »

Used to be based on the man's income as women didn't work.

Now it's both incomes.

In the future, you will need to have a threesome to buy a house.

Dam wish I would have waited.

Who said HPI was bad for FTB's.:)

Thrugelmir

Anyway these stats only cover the period up to the end of 2008.

So have 9 months of pre financial crash activity included in them. Self cert income etc.

With the tightening of criteria for obtaining a mortgage during 2009. Be interesting to see how the "new" mortgage market will impact the stats in next years report.

nembot

chucky wrote: »

what's Inside Track Mr Unix Man?

Please stop typing Chucky... "No"

Sudo please stop typing Chucky... "okay"




On a serious note, glad that it appears you think self certified mortgages, aren't a great idea (or maybe I took your comments in the wrong context?).

chucky

nembot wrote: »

Please stop typing Chucky... "No"

Sudo please stop typing Chucky... "okay"




On a serious note, glad that it appears you think self certified mortgages, aren't a great idea (or maybe I took your comments in the wrong context?).

self certs are good for people who are doing it legally - i.e. self employed etc... they have obviously been abused. i'd say the uncertified income issue was more of a problem than self certs.

as for you replying to Abaxas post are you sure the Unix Man is not being creative and you are real and not one of his bots

nearlynew

chucky wrote: »

house buying unfortunately isn't for everyone, it's only for those that can afford it ... unfortunate but that's the way it is

So it's OK when people get repossessed then, is it?

chucky

nearlynew wrote: »

So it's OK when people get repossessed then, is it?

no idea. my post never mentioned people being repossessed. where did you read that?

if you want to know about repossessions speak to these guys
www.repossessionhelpline.org.uk