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Mortgage Lending for new purchase up 19%.
Comments
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Price Stability = when lending availability can support price and demand and the number of people willing to buy at that price match.
Falling prices = When lending availability is low or (and) people are not willing to pay current prices.
Rising prices = when Lending availability High, or (and) when people are willing to pay more.
More transactions happen in a rising market than a falling or stable one (not that we have one), the simple reason behind that is credit availability.0 -
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.
yes you really did get personal... you don't like it when people give it back though do you....Graham_Devon wrote: »Really?
ahhhh... poor little Devon can't take it... shame that pmsl
story of your life :TGraham_Devon wrote: »Fail.
btw.... you forgot to answer this question... tick tock...it means 1,000 less people have purchased a property in a month using a mortgage.
what do you think it means?0 -
but you should have come back to me and said that the bank stress tests were ...........
The banks passed their test, but I didn`t. Ooops.
You have proved that you have most of the answers and a good understanding of the situation (I`m not being funny here). My point is that it is a mess (as agreed). I`m guessing that the banks passed the stress tests because they were "fudged", I dunno to be honest. What I do know is this.......
Pre 2007, I sat and watched the banks lending like crazy, and the public lapped it up. HPI was high for a fair old while. Credit card and personal lending was high. Without being an economic genius, or particularly highly educated, I kept thinking and saying "this will end in tears, why don`t they apply the brakes a little ?". As time went on I got more and more convinced that it would end in disaster (which arguably it did). The "disaster" was "fixed" by Gordon, the BoE etc, but I say they have simply papered over the cracks.
I see it that we are now in a situation where the options are limited. We hear pleas for more credit, more lending, continued low interest rates etc. We are told that we`ll be OK if all these things are granted. These measures are hiding the true extent of the problem, or are certainly "masking" the cause of the problem. In fact, by taking this action it`s arguable that we are heading towards more problems.
The illness is serious.
The medicine tastes bad, and nobody wants to take it.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
you made my point perfectly well for me - as for making a fool of yourself. why do it to yourself. why?Henry_P_Chester wrote: »If less are people are buying and less people can buy what happens to prices?
It's plain for all to see what you said, no need to make a fool of yourself denying it.
I suppose now you'll try and switch to arguing another point which is completely irrelevant as per usual...
it's good to that the HPC ghetto never change. never mind chin up...0 -
sort of agree, more agree than disagree though. they tested what they could and it was better to test what they new than nothing at all.You have proved that you have most of the answers and a good understanding of the situation (I`m not being funny here). My point is that it is a mess (as agreed). I`m guessing that the banks passed the stress tests because they were "fudged", I dunno to be honest. What I do know is this.......
the banks passed the tests because they used real life scenarios that have happened. for example they used equity markets down and bond markets up - logically that works but 2008-2009 didn't work like that though.
it is - i've never denied itThe illness is serious.0 -
yes you really did get personal... you don't like it when people give it back though do you....
ahhhh... poor little Devon can't take it... shame that pmsl
story of your life :T
btw.... you forgot to answer this question... tick tock...
So saying "apart from you, as your investments will fall" is getting personal!!?
PMSL. We all know you are invested, and if they fall, you woudn't benefit from the scenario I was outlining.
How is that "getting personal"? It's not even close to your level of name calling and trying to bring my son into the conversation just to get a rise.0 -
as you say, you tried to get a rise from me you got one back.Graham_Devon wrote: »It's not even close to your level of name calling and trying to bring my son into the conversation just to get a rise.
you wanted to take it down to playground level, you got it.
you wanted to play, so i played, not only will i play, i'll be laughing at you too
it's quite simple, don't take it down to playground level and you'll get respect - otherwise jog on and get a life
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