We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Mortgage plan will force house prices down, CML warns

24567…11

Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    des_cartes wrote: »
    Communication should always be set at a level appropriate to the target audience. I appreciate your audience participation.

    You mean tell them what you want them to hear? BTW do you own a house outright or did you get out of property altogether in 2006?
    I do not rent. I live in a property I own outright.
    I managed to get out of property in 2006.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The joker / jackanory has been outted,but has failed to respond to the thread in question.
    Official MR B fan club,dont go............................
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    ess0two wrote: »
    The joker / jackanory has been outted,but has failed to respond to the thread in question.

    I was hoping he would put the record straight.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Emy1501
    Emy1501 Posts: 1,798 Forumite
    Can't what the problem is here. Its like the CML are admitting the majority of self cert loans were liar loans. If the majority are genuine then people previously going down this route should have little problem getting a mortgage. Its mainly about affordability and in my opinion criteria is pretty reasonable. I'm surprised that lenders are still happy to lend up to 5x joint.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Really2 wrote: »
    I am sure we have debated that when prices fall less are able to buy not more.

    Certainly ironic.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • the_flying_pig
    the_flying_pig Posts: 2,349 Forumite
    edited 22 September 2010 at 7:35PM
    ...the mortgage industry has been alarmed at the prospect of excessive new formal restrictions, such as being obliged to demand that borrowers prove they can pay...
    MADNESS.

    Why on earth should lenders ever demand borrowers to prove that old rubbish?
    FACT.
  • des_cartes
    des_cartes Posts: 368 Forumite
    StevieJ wrote: »
    Certainly ironic.

    And not backed up by any evidence.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    des_cartes wrote: »
    And not backed up by any evidence.

    house_price_server.php?width=768&height=576&year_min=1985&year_max=2010&type=trans&flag_q=0&flag_nw=1&flag_hf=1&flag_rm=1&flag_ft=1&flag_lr=1&flag_o=1&flag_ma=0&lag_yoy=0&lag_qoq=0&lag_odpm=1&leg_pos=0&flag_logy=0

    booms 1985 -1989, 1996- 2007

    Less people purchased in the busts and the stagnation After (1989 -1996 & 2007-ongoing) than in the booms.

    There for the truth is more people can buy when prices are rising in real terms(not that I am advocating it )
    Nominal and Real house prices are here.
    http://www.mortgageguideuk.co.uk/housing/uk-house-price-index.html
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Good news. Its about time tough regulation was brought in.
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    Really2 wrote: »

    booms 1985 -1989, 1996- 2007

    Less people purchased in the busts and the stagnation After (1989 -1996 & 2007-ongoing) than in the booms.

    There for the truth is more people can buy when prices are rising in real terms(not that I am advocating it )
    Nominal and Real house prices are here.
    http://www.mortgageguideuk.co.uk/housing/uk-house-price-index.html

    I've already tried a conversation with this one, but on top of being another lying fantasist, it also changes the argument everytime you prove it wrong.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture