Mortgage Lending for new purchase up 19%.

chucky

Thrugelmir wrote: »

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

i've very happy about that because it's complete nonsense for you that prices only rise in boom times. it's a really poor attempt by you, really poor...

Graham_Devon

Really2 wrote: »

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

Notice that twice, you have had to say "so basically you are saying"?

Of course, if I was actually saying any of that, I would have said it. But again, thats not what I said....hence the reason you are sat there happy clappy twisting things.

No doubt soon, you'll call me Mr Muddle, right?

chucky

Graham_Devon wrote: »

No doubt soon, you'll call me Mr Muddle, right?

no worries - you already did

Graham_Devon wrote: »

I'm Mr Muddle

neverdespairgirl

chucky wrote: »

less people are buying property

:mad::mad::mad::mad::mad::mad::mad::mad::mad::mad:

Graham_Devon

neverdespairgirl wrote: »

:mad::mad::mad::mad::mad::mad::mad::mad::mad::mad:

You can count people

And rice

Generali

Really2 wrote: »

Falling prices = lending contraction

I think you're getting the cart before the horse there old chap. I think lending contraction => falling prices.

Less lending => less demand => lower prices

From there, lower prices can lead to further reduced lending as falling house prices increase risk to banks from mortgage lending so you get in a bit of a cycle as happened in the 1990s to some extent.

Thrugelmir

chucky wrote: »

i've very happy about that because it's complete nonsense for you that prices only rise in boom time. it's a really poor attempt by you, really poor...

Bad day at the office ?

Your attempt at spinning the conversation isn't up to your normal standards. Tut tut.

Really2

Graham_Devon wrote: »

Notice that twice, you have had to say "so basically you are saying"?

Of course, if I was actually saying any of that, I would have said it. But again, thats not what I said....hence the reason you are sat there happy clappy twisting things.

No doubt soon, you'll call me Mr Muddle, right?

You did say

Graham_Devon wrote: »

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

So you agree with this then.

So they were affordable in 2009 and are now?

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


What you wrote meant 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 by meaning " When they reach an affordable level, they will stop falling" it is all down to credit not the actual price on how affordable a house is in your eyes

It does not say the bits you disagreed with now.
If not explain 2009 to now for me please and any time when prices rise.

Dirk_Rambo

nobody can get a morgage round near me. the banks arent lending cos they know prices are gonna fall alot

chucky

Thrugelmir wrote: »

Bad day at the office ?

Your attempt at spinning the conversation isn't up to your normal standards. Tut tut.

not me old chap - someone break one of your toy soldiers. never mind...

you said something - i questioned it, you answered wit hsomething completely irrelevent to the original point. that's your standards not mince