MSE News: Nationwide: house prices continue to drop

chucky

HAMISH_MCTAVISH wrote: »

Define lax lending.

you probably need to explain to the moron why there was HPI at various points in the last 40 years when lending levels were at low levels...

actually on 2nd thoughts don't bother - he won't understand, let him have his soundbite

AD9898_2

I'll tell you what lax lending is, it's banks lending 4x joint salaries, which some turkey that someone was talking about on here 2 days ago took out. So in some ways it's still happening.

Banks should self regulate or be forced to stick to 2.5 joint as a max, let prices fall, then the market can recover, future mortgage debt can be reduced, leaving people more money to spend in the economy along without the threat of repossession if base rate should rise.

Graham_Devon

chucky wrote: »

you probably need to explain to the moron

chucky

Graham_Devon wrote: »

looks like you'll probably need those yourself when you have to think about having to try to afford to buy the other half of the house that's social ownership or whatever you made the mistake of buying...

never mind... chin up

JonnyBravo

AD9898 wrote: »

I'll tell you what lax lending is, it's banks lending 4x joint salaries, which some turkey that someone was talking about on here 2 days ago took out. So in some ways it's still happening.

Banks should self regulate or be forced to stick to 2.5 joint as a max, let prices fall, then the market can recover, future mortgage debt can be reduced, leaving people more money to spend in the economy along without the threat of repossession if base rate should rise.

Sorry Ad but thats rot. There are plenty of people who cant cope with 2.5x joint and plenty of people who can afford 4x joint.

Graham_Devon

chucky wrote: »

looks like you'll probably need those yourself when you have to think about having to try to afford to buy the other half of the house that's social ownership or whatever you made the mistake of buying...

never mind... chin up

You may want to try something else.

The other half is now cheaper.

chucky

JonnyBravo wrote: »

Sorry Ad but thats rot. There are plenty of people who cant cope with 2.5x joint and plenty of people who can afford 4x joint.

that's the problem - the underwriting and lending decisions on who is able to borrow what amounts is the issue. not the lending multiples.

JonnyBravo

chucky I'm not sure whats got into you the last couple of days.
We all enjoy baiting Graham when he's been a "bit daft" on something, (sorry Graham),(and ok, not all of us, but plenty of us), but you seem to have moved into downright hostility and vitriol.
Have a break please mate.

DervProf

Graham_Devon wrote: »

Although you haven`t yet purchased a large screen TV (preferably of the LED variety), I`m glad to see that you are buying top quality tissues. I doubt it, but it may just stop you from being a "parasite".

If you have bought the new telly, those tissues might be suitable for cleaning said screen (especially useful after several more months of negative HPI). You could, of course, be charitable and send a few up to Aberdeen.

chucky

JonnyBravo wrote: »

but you seem to have moved into downright hostility and vitriol.

reap and sow are my words of the day

JonnyBravo wrote: »

Have a break please mate.

will do sir but only because you asked nicely