Fantasy house prices

treliac

Cleaver wrote: »

This may be true on paper, but not in the real world. When I've got a bit more time and energy I will demonstrate my point with a well thought out and reasoned piece that will take your breath away. You may have to wait until Thursday though, as I have a bit of a busy week. However, in the style of Brit, let me present to you a picture of a poor person who can't afford a house. Hopefully this will do in place of an argument for now.

I know him.... raking it in on the social and a couple of grand a day in his collection box. It's amazing how much he has to pay to get his hair done like that. Dogs love the job - keeps them in top quality Arden Grange food. You just wouldn't believe what he keeps in his brown paper bags!

LilacPixie

julieq wrote: »

Chelsea are far more interesting. They borrowed money massively from their owner, constructed a winning team, got costs under control, and are now debt free.

No doubt while this was going on initially there were mutterings of "unsustainable" and "what happens when Roman stops pouring money into the club" and "they'd have crashed had it not been for all that artificial spending", but it seems to have worked nicely as a stimulus, no?

I understand your point however didn't Abramovich effectivly 'write off' 340mil of debt due to his companies. They are also still operating at a loss of something like 45million a year in 2009 so they must still be reliant on 'debt' of some sort probably Abramovich and not the banks. If Abramovich or the banks pull the plug tomorrow then Chelsea will be in big trouble.

StevieJ

LilacPixie wrote: »

I understand your point however didn't Abramovich effectivly 'write off' 340mil of debt due to his companies. They are also still operating at a loss of something like 45million a year in 2009 so they must still be reliant on 'debt' of some sort probably Abramovich and not the banks. If Abramovich or the banks pull the plug tomorrow then Chelsea will be in big trouble.

Yes difficult to believe that they could throw that much money at it, not win the title for three years and still turn a tidy profit Take note The Massives (Cityfor the uninitiated).

BritRael

Emy1501 wrote: »

...As for no top football clubs model is sustainable unless they finish high enough in the league, Arsenal's model is based on they are sustainable as long as they do not go down.....

Sorry to state the obvious...but isn't 'getting relegated' not finishing high enough up the league??

Also, I would suggest, even if they finish out of the top 10 it would be a disaster for their model and re-structuring would have to take place, leading to a downward slide... This is why there is a huge gulf in Premiership football nowadays; it is totally dominated by money and there is the Sword of Damocles hanging over the head of every manager.

doire_2

nollag2006 wrote: »

According to my dear friends at HPC, the true income multiple for FTBs is actually closer to 4 times income:
http://www.housepricecrash.co.uk/graphs-ftb-average-house-price-to-earnings-ratio.php

But then again, much of their analysis is complete nonsense.

Pity so many of them missed the bottom of the market 12 months ago

:rotfl:

!!!!!!! Thats rich coming from someone like you! :rotfl::rotfl:

Do you want me to quote that post you made last week?
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Originally Posted by nollag2006
Most of the bears have gone into hiding - not much point in talking down the economy and the housing market when both are recovering at breathtaking speed

Makes me laugh everytime i see it

IveSeenTheLight

LydiaJ wrote: »

You make owning a home out to be something that can only be achieved if you don't put a foot wrong:

Well then you have missunderstood what I have said.
Every property I have lived in and bought I have been able to buy on a single wage.
It's just that we choose to reduce the mortgage rapidly with the second wage.
Whats so MSE wrong with that?

If my partner and I seperated, I would still have been able to afford the property as many others manage throughout the UK.

Sure some areas may be a lot tougher, but neither is that the norm.

IveSeenTheLight

Cleaver wrote: »

Seems she can afford to sit around doing nothing all day, her partner is doing well on the stock exchange