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Debate House Prices


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House Prices 27% Overvalued!

24567

Comments

  • vaporate
    vaporate Posts: 1,955 Forumite
    chucky wrote: »
    [/LEFT]
    dude - sorry to disappoint but last time i looked people looked at salaries, interest rates, expenditure etc to compare if a mortgage or a house was affordable.

    here's a graph exactly like yours but with inflation...

    what d'ya reckon? still overvalued?
    6a00d8341c565553ef01310ffaea62970c-500wi

    Houses ARE overpriced.

    I've seen flats for 100 000 1 bedroom above a shoddy take away shop which you could have bought a terraced house for back in mid 90's, less even.

    Even with inflation house prices are completely loony.
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  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    vaporate wrote: »
    Who can unless mum and dad steps in?

    Unless its a joint purchase of course who are lucky enough to have jobs.
    you really need to check your info sunshine... unemployment is running at about 8%-9% which means that 91% minimum employment levels...

    do you think that this 91% are lucky?
  • vaporate
    vaporate Posts: 1,955 Forumite
    Offical figure is 8%.

    You really believe government figure? I don't.

    I believe it is more likely to be 13%
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  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    vaporate wrote: »
    Houses ARE overpriced.

    I've seen flats for 100 000 1 bedroom above a shoddy take away shop which you could have bought a terraced house for back in mid 90's, less even.

    Even with inflation house prices are completely loony.
    house prices are obviously overpriced for those that can't afford them...

    nearly 70% of property is owner occupied - looks like those that can't afford are in the minority...
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    vaporate wrote: »
    Offical figure is 8%.

    You really believe government figure? I don't.
    i'd rather believe govt figures than some random loon on an internet forum :)
  • vaporate
    vaporate Posts: 1,955 Forumite
    chucky wrote: »
    i'd rather believe govt figures than some random loon on an internet forum :)

    Like you then?

    sheep
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  • vaporate
    vaporate Posts: 1,955 Forumite
    chucky wrote: »
    house prices are obviously overpriced for those that can't afford them...

    nearly 70% of property is owner occupied - looks like those that can't afford are in the minority...

    Yeh everyone has thousands upon thousands don't they...

    Considering 70% are still paying the mortgage it is not owned is it...save the elitism 'chuck'.
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  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 30 June 2010 at 10:10PM
    vaporate wrote: »
    Yeh everyone has thousands upon thousands don't they...
    don't blame others for your misfortunes dude...

    how's the BNP canvassing going?
    vaporate wrote: »
    Considering 70% are still paying the mortgage it is not owned is it...save the elitism 'chuck'.

    now that you mention it let me tell you some real facts not your forumonics or urban myth stuff that you seem to prefer...

    70% of property is owner occupied - 40% of those don't have a mortgage...

    elitist?? i don't think so...
  • vaporate
    vaporate Posts: 1,955 Forumite
    chucky wrote: »
    don't blame others for your misfortunes dude...

    how's the BNP canvassing going?

    lol What misfortune?

    Most rely on parents...
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  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    vaporate wrote: »
    lol What misfortune?

    Most rely on parents...
    really... love to see you prove that one...


    now that you mention it let me tell you some real facts not your forumonics or urban myth stuff that you seem to prefer...

    70% of property is owner occupied - 40% of those don't have a mortgage...

    elitist?? i don't think so...
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