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Debate House Prices


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Latest Housing Stats.....

16791112

Comments


  • It really does look like the years from 2007 until 2015 will be a once in a lifetime opportunity to have a tracker mortgage and/or a capped SVR and pay it off early.

    And one of the worst times in history to have savings in the bank instead...

    Theres a big difference between tracker rates at BR+0% in 2007 and the BR+4% available now though imo. Whats your position on when the margin might come down a bit from +4%?
    Prefer girls to money
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    nearlynew wrote: »
    Fair enough, but what about those owners who are not invetsors with several properties yetare still HPI cheerleaders?


    they were who I was talking about

    but still no answer why you think it's a good idea that people should be repossessed and be thrown out of their homes then? :confused:
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    chucky wrote: »
    but still no answer why you think it's a good idea that people should be repossessed and be thrown out of their homes then? :confused:


    It is right that people unable to pay their mortgage are repossessed and thrown out of their homes.

    It is you that hasn't explained why it is not right.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • julieq
    julieq Posts: 2,603 Forumite
    Are there no workhouses? And if they're going to die they might as well get on with it and decrease the surplus population.

    Merry Christmas, Nearlynew :(
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    nearlynew wrote: »
    It is right that people unable to pay their mortgage are repossessed and thrown out of their homes.

    It is you that hasn't explained why it is not right.

    of course it isn't good for this to happen to people - that's why many of the banks are not repossessing.

    you still haven't answered the question why it is a good idea that people should be repossessed and be thrown out of their homes?
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    chucky wrote: »
    of course it isn't good for this to happen to people - that's why many of the banks are not repossessing.

    you still haven't answered the question why it is a good idea that people should be repossessed and be thrown out of their homes?


    Because you and other HPI cheerleaders always say that it has always been the case that some people cannot afford to buy their home.

    People who can't pay their mortgage therefore, by definition, are people who cannot afford their home.

    Why is one situation accepted as the way it is and the other situation as bad?
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    nearlynew wrote: »
    Because you and other HPI cheerleaders always say that it has always been the case that some people cannot afford to buy their home.

    People who can't pay their mortgage therefore, by definition, are people who cannot afford their home.

    Why is one situation accepted as the way it is and the other situation as bad?

    lol - you've got your HPC sound bites all confused...

    affording to buy is totally different to affording to pay a mortgage. that's something that i've not seen on this forum

    you're an intelligent chap nearly i suggest you stop hanging around the ghetto types on here - they're clouding your judgement.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    chucky wrote: »
    lol - you've got your HPC sound bites all confused...

    affording to buy is totally different to affording to pay a mortgage. that's something that i've not seen on this forum

    you're an intelligent chap nearly i suggest you stop hanging around the ghetto types on here - they're clouding your judgement.


    Come on chucky, you're just twisting words now.
    You now exactly what I mean.

    It is a conundrum that you cannot resolve.

    You can't have it both ways.....
    It is either the case that historically some people cannot afford to buy or it is not.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    nearlynew wrote: »
    Come on chucky, you're just twisting words now.
    You now exactly what I mean.

    It is a conundrum that you cannot resolve.

    You can't have it both ways.....
    It is either the case that historically some people cannot afford to buy or it is not.

    no - i stand by what i've said. they are two different things.

    not everyone will be able to buy property. this is a fact, you have to be earning enought to get yourself the finance our have the cash to purchase. it would probably be a nice romantic idea if everyone could buy property but we're not in a "live happily ever after" society.

    someone not affording mortgage payments is unfortunate due to a number of reasons - unemployment, illness, loss of earnings etc, etc... this will happen whether we are in recession or not.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    chucky wrote: »
    someone not affording mortgage payments is unfortunate due to a number of reasons - unemployment, illness, loss of earnings etc, etc... this will happen whether we are in recession or not.


    Whatever the reason, if they can't afford the payments over the term of the mortgage this still means that they cannot afford to buy their house.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
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