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FTB's "Missing Deal Of A Lifetime"
Comments
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i'd rather not take the interpretation of a journalist but get to the source of the info
Nice.
But your info will take into account none FTB's labelled as such. I.e. those out of the market for 6 months. Who will then class again as a first time buyer.
You also missed out the percentage of the market column, showing a big decline from 30% of the market to 15% of the market.
So let's look at the age of the whole market shall we, to get a better picture....
Ahh yes, age gone from 34 to 38. I realise this is not only made up of FTB's, but buyers are clearly getting older, first time buyers clearly getting less and less.
Love the data too. It's made up of 4 different sets of data. Up to 2002, it only uses a 5% sample.0 -
HAMISH_MCTAVISH wrote: »Houses are at peak affordability. Absurdly high deposit requirements lock out many potential FTB's from the market.
:rotfl:
Still "at it" I see, Hamish. More ramp than Evil Knievel.
Peak affordability eh ? Since when ? Last Tuesday ?
I think you stated elsewhere in this thread that house prices were rising at the minute, and have been doing so for the past year. Wouldn`t that mean that peak affordability has been and gone ? (No doubt the explanation is something like "you can now get a FTB mortgage with an introductory rate of 0.4%, with the Temptum & Fleece Um Building Society".
And what "absurdly high deposit requirements" are those you speak of ?
Nothing wrong with a having to put down a 10 - 20% deposit on a property when you wish to take out a mortgage (I seem to remember putting down around 15% as a deposit, and thinking "that`s 15% less to pay back with interest"). I suppose what might be locking out potential FTB`s is not the percentage, but the actual amount of the deposit. I also suspect that the lenders might, just might have learned a little lesson from a few years back.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
first you tell me the age of the FTB's hasn't gone up and i show you the proof it hasn't.Graham_Devon wrote: »Nice.
But your info will take into account none FTB's labelled as such. I.e. those out of the market for 6 months. Who will then class again as a first time buyer.
You also missed out the percentage of the market column, showing a big decline from 30% of the market to 15% of the market.
So let's look at the age of the whole market shall we, to get a better picture....
Ahh yes, age gone from 34 to 38.
i then tell you that the age of buyers has gone up and you change the goal posts in your typical Mr Muddle style to say that there is less FTBs which is exactly what i said in my post to macaque
feel free to move the goal posts and confuse the initial point made in your typical Mr Muddle 'I see a shiny thing' style. at least you're consistent...wrong - it is lower than it was in 1990 and averaging out at the same age as the last 20-25 years.
i'll give you that there are less FTB's though.0 -
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Sorry, take it you didn't like that. Can tell by your crying
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lol - crying... me nope. that desperate to try and prove a point?Graham_Devon wrote: »Sorry, take it you didn't like that. Can tell by your crying
but it's good to see that you can't come back with a constructive answer...0 -
:rotfl:
Still "at it" I see, Hamish.
.
Oh look, another hpc-er..... Won't be long until that thread gets hidden in "about-hpc".
There's so few of you left these days, the mods will start to panic if more than half a dozen post over here.
Will the last one leaving hpc please turn out the lights.:D“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
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it certainly was - you do the same thing all the time. you contest a point that has proven to be correct (in this case me) and you switch your argument to something else to prove a point.Graham_Devon wrote: »And "Mr Muddle" was constructive?
if you didn't do it and agreed with people maybe you wouldn't be called it so frequently... 0
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