Mortgage Lending for new purchase up 19%.

Graham_Devon

chucky wrote: »

more people will probably be able to afford it but they won't be getting any mortgages.

Exactly. You are basically saying less people will be able to get into large debts.

So the more prices fall, the less people have to save, for a higher deposit, enabling them to get a house with less debt.

Win win all round.

Well, apart from you I guess, with investments falling. But still, everyone else wins. A stable mortgage market, affordable homes, less outgoings on mortgage repayments, means more spending in the general economy. Lovely.

Really2

Graham_Devon wrote: »

Exactly. You are basically saying less people will be able to get into large debts.

So the more prices fall, the less people have to say, for a higher deposit, enabling them to get a house with less debt.

Win win all round.

Well, apart from you I guess, with investments falling. But still, everyone else wins. A stable mortgage market, affordable homes, less outgoings on mortgage repayments, means more spending in the general economy. Lovely.

Since when does falling house prices = A Stable mortgage market.

Remind me how easy was it to get a mortgage in 2008?

Falling prices = lending contraction, in reality less would be able to buy. even if they are lower in value.

Anyone arguing differently must have been asleep for the last 3-4 years.

Graham_Devon

Really2 wrote: »

Since when does falling house prices = A Stable mortgage market.

Remind me how easy was it to get a mortgage in 2008?

When they reach an affordable level, they will stop falling. Without excessive lending, it will become a stable market.

They HAVE to adjust, to reach stability. Everyone knows that, so I'm surprised you are picking up on something so idiotically basic in all truth.

It's really all very simple.

HAMISH_MCTAVISH

nearlynew wrote: »

No. No. No.


Falling prices enable more people to buy.

The evidence clearly shows the opposite.

chucky

Graham_Devon wrote: »

Exactly.

So the more prices fall, the less people have to say, for a higher deposit, enabling them to get a house with less debt.

Win win all round.

Well, apart from you I guess, with investments falling. But still, everyone else wins.

really - do you really think that houses are going to fall far enough for their to be all cash buyers.

Graham_Devon wrote: »

Well, apart from you I guess, with investments falling. But still, everyone else wins.

so you're looking to get personal - brilliant, it just shows how stupid you are.

chucky

Graham_Devon wrote: »

It's really all very simple.

if thy're simple as you it probably is....

if house prices drop that much you should be worrying about your job and get yourself a home security system for your family.

btw does your baby live with you or with his mum?

if it's with his mum - you'll have to get two home security systems... that would be pricey.... never mind. chin up

Graham_Devon

chucky wrote: »

really - do you really think that houses are going to fall far enough for their to be all cash buyers.


so you're looking to get personal - brilliant, it just shows how stupid you are.

That's not what I said. Again, you are having to use extremes and change what I said to make your point.

Using extremes to make a point isn't a problem, not to me anyway, as it just makes me realise you are unable to dispute what I actually said.

What I actually said was:

So the more prices fall, the less people have to save, for a higher deposit, enabling them to get a house with less debt.

Of course, you come along, and change all that, and infer I have said it will end up as all cash buyers.

Nonsense.

I take it it will start getting a little like a playground now?

Really2

Graham_Devon wrote: »

When they reach an affordable level, they will stop falling. Without excessive lending, it will become a stable market.

They HAVE to adjust, to reach stability. Everyone knows that, so I'm surprised you are picking up on something so idiotically basic in all truth.

It's really all very simple.

So they were affordable in 2009 and are now?

I would argue lending is still constricted, you are fairly bullish GD.

So are you saying when ever house prices are not falling they are affordable.
So they were affordable in 2007 as they were not falling, it was just the removal of easy credit that made them unaffordable.

So basically you are saying it is all down to credit not the actual price on how affordable a house is in your eyes.:T:D

Thrugelmir

chucky wrote: »

ps. please don't bore me with the looking back in the rear mirror nonsense too

Don't worry I won't bore you. As I know I'd only be wasting my time.;)

chucky

Graham_Devon wrote: »

That's not what I said

not anither thread where Devon is trying to concince people that he never said something. oh dear...

Graham_Devon wrote: »

I take it it will start getting a little like a playground now?

you started the playground when you tried to makie it personal and posted this

Graham_Devon wrote: »

Well, apart from you I guess, with investments falling. But still, everyone else wins. A stable mortgage market, affordable homes, less outgoings on mortgage repayments, means more spending in the general economy. Lovely.

if you want to play the game - don't try and pretend be innocent - it makes you look even more pathetci than you already are...