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Debate House Prices


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FTBs, make your voice heard. Would YOU prefer lower prices/rates/laxer mortgage rules

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Comments

  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    A return to lax mortgage lending?
    chucknorris wrote: »
    I suspect the forthcoming poll 'do squirrels like nuts' might also have an overwhelming majority too

    lol, reminds me of the non PC joke about the guy who takes a lot of people to a baseball game.
    the punchline was when the vendor started shouting "[STRIKE]Pee[/STRIKE] pea nuts".

    I'm sure you know what the joke was

    have the majority in the poll been to see any baseball games lately ;)
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    A return to lax mortgage lending?
    FTBFun wrote: »
    That's a really optimistic example, mind, as I doubt there's much going for £100k in Hounslow!

    doesn't matter on the figure.

    He could have £100k deposit for a £400k property.
    If he got his 50% reduction he wanted he would then still have the 50% deposit for the then £200k property.

    It's still unrealistic / untypical of a FTBer to jump straight into a property with such a LTV.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    A return to lax mortgage lending?
    IveSeenTheLight wrote: »
    doesn't matter on the figure.

    He could have £100k deposit for a £400k property.
    If he got his 50% reduction he wanted he would then still have the 50% deposit for the then £200k property.

    It's still unrealistic / untypical of a FTBer to jump straight into a property with such a LTV.

    Quite.

    I remember a friend of mine saying back in Spring 2008, after buying his first house, of having a "good" deposit.

    It was 10%!
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 4 October 2010 at 4:14PM
    Cheaper house prices
    IveSeenTheLight wrote: »
    It's still unrealistic / untypical of a FTBer to jump straight into a property with such a LTV.
    he was the man that told us that there were going to be 50% price drops before Xmas 2009... that was about nearly 4% each and every month for 12 months - unrealistic is not a word in Brit's vocabulary, deluded is...
  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    FTBFun wrote: »
    Out of 67 people....well, logins.

    About 20 of which have 5 posts or below...hmmmmmm, you know, I'm REALLY worried that this might all be seen as a bit farcical - what do you think? ;)
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Cheaper house prices
    Heyman wrote: »
    About 20 of which have 5 posts or below...hmmmmmm, you know, I'm REALLY worried that this might all be seen as a bit farcical - what do you think? ;)
    that would explain a lot and not a coincidence at all
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    A return to lax mortgage lending?
    Heyman wrote: »
    About 20 of which have 5 posts or below...hmmmmmm, you know, I'm REALLY worried that this might all be seen as a bit farcical - what do you think? ;)

    Hmmmmm....some people really are quite sad!
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    A return to lax mortgage lending?
    FTBFun wrote: »
    Hmmmmm....some people really are quite sad!

    thinking like a negative of a photographers reel, if this poll was out in the real world, you could get threads started in here with bold headlines saying: -
    FTBers do not want house prices lower

    21% of people who voted in a loaded poll said that they did not house prices to lower

    Fortunately it's only a select few that try and twist things or post loaded polls instead of discussing facts.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • HOUSE_PRICE_CRASH_GHOULS
    HOUSE_PRICE_CRASH_GHOULS Posts: 33 Forumite
    edited 4 October 2010 at 5:14PM
    A return to lax mortgage lending?
    You know this poll is such a joke it should have been posted on housepricecrash for the ghouls to dissect as they'd all agree it's conclusive proof of prices crashing 90% by christmas, oh wait maybe next year, nope must be the one after that... etc...
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Cheaper house prices
    FTBFun wrote: »
    That doesn't make any sense. How can you have a 25% deposit if you don't know what you have 25% of?

    How much is your "25%" deposit?

    It makes perfect sense. Got offered a mortgage in principle where I turned them when they wanted to give me over £200k. Thought it too much to borrow and got them to change it to £185k during the meeting. Had been saving for a few years I have eclipsed the 25% deposit. However I still have to wait for prices to come down to buy.

    PS I don't want to live in Hounslow not even for my first home it is a dive. I have had friends who made that mistake and now they can't sell.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
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