"The Recession" is Still On Track - House prices to fall

Emy1501

HAMISH_MCTAVISH wrote: »

Well yes, but you didn't see how prices could rise 10% this year either, did you?

Hamish no one will allow QE to continue and we will get downgraded if we do not see the forecasts met.

Actually I saw prices rising this year. I told people at the end of Jan/Feb 2009 on HPC that properties were selling quickly around my area. They told me I was talking rubbish/a troll/ didn't have a clue etc. Don't forget you were predicting fall at the end of 2008 Hamish.

Emy1501

chucky wrote: »

i would have thought that were exclusive though.

we had negative growth but house prices increasing. would positive growth force house prices lower?

We have to hit the growth forecasts to pay the Debt. Houses rose this year due to QE and and all the scheme being paid for by the government. If we can't meet the debt repayments highly unlikely the government will be able to continue bailing out homeowners.

As the Banks found out you can't borrow forever. At sometime you have to pay back or no one will lend you any more.

StevieJ

stueyhants wrote: »

What evidence is there to suggest margins will come down ? The wholesale MBS market is a fraction of it's former self so I find it difficult to envisage a real sustained pick up in the volume of lending which would force rates down through competition.

Whilst there is more demand for money than supply expect the margins to remain historically high.

FTB will not be paying 5%+ over BR when BR rises to 4 to 5%, I don't care if you believe different :rolleyes: At the same time my mortgage (as small as it is) will remain at BR+O.95% :beer:

stueyhants

StevieJ wrote: »

FTB will not be paying 5%+ over BR when BR rises to 4 to 5%, I don't care if you believe different :rolleyes: At the same time my mortgage (as small as it is) will remain at BR+O.95% :beer:

I never said that the margins would be 5% over base. There seems to be an assumption that the base rate can rise to 5% but the mortgage margins would absorb all the increase, that is wishfull thinking and is not backed up by any evidence to date.

My own guess is margins will fall but will still be at least 2 or 3%. Can the country support a FTB mortgage rate of 7 or 8% long term, who knows ?

Snooze

Really2 wrote: »

I am wondering how much of my mortgage will be paid off before Base hits 5% again.

I hate overpaying £12K a year.

If you hadn't bought a £2.50 cardboard shack for £250k then you wouldn't have to. :rotfl:

R

StevieJ

stueyhants wrote: »

I never said that the margins would be 5% over base. There seems to be an assumption that the base rate can rise to 5% but the mortgage margins would absorb all the increase, that is wishfull thinking and is not backed up by any evidence to date.

My own guess is margins will fall but will still be at least 2 or 3%. Can the country support a FTB mortgage rate of 7 or 8% long term, who knows ?

We have a deal on 2% BTW you did suggest that margins would be 5% over base, FTB are currently paying around 6% for a 90%
mortgage and you said:

What evidence is there to suggest margins will come down ?

Really2

Nutrisse wrote: »

Abuse Report Received [#177304]

Please substitute debate for abuse. Thanks.

What about snooze's post:rotfl:

Never mind hey, I am sure you will be gone (again) soon.

See you logged on for just that post (off and on at 8PM) some of you are a bit nut's aren't you. Setting up sockies to have a go.
Good luck with this one.:)

treliac

Nutrisse wrote: »

Abuse Report Received [#177304]

Please substitute debate for abuse. Thanks.

Report numbers are stacking up fast today..... are they ALL yours? :rotfl:

Really2

Nutrisse wrote: »

I must say that you have a strange view of events. Why should I be going anywhere? I have broken no forum rules. You are the one breaking forum rules by abusing people, not me.

What about multi ID's .:rotfl:

Did you report Snoozes or do you some how know who is "bullish" and "bearish"

Almost like you have been a member before.:rolleyes:

chucky

Really2 wrote: »

What about multi ID's .:rotfl:

Did you report Snoozes or do you some how know who is "bullish" and "bearish"

Almost like you have been a member before.:rolleyes:

dude - ignore the losers their just not worth it as you can see.
remember the fatpig, a44downey posts - can you also remember who popped up each time too. yep, mewbie aka mr brown.

just laugh at how pathetic, sad and how boring their lives must be to go out of their way to do that.:)