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Debate House Prices
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Own a house - you're working for nothing.
Comments
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...and unforunately, even these are average figures too, with no indication of their distribution.
We've been here before, and to be fair I did post a list of individual houses of varying price ranges that had sold in 2007 that sold again for more in 2010.
Also, the absolute low point for FTB's as a percentage of buyers was quite some time ago now at the depth of the financial crisis.
The percentage of FTB's has increased since then, so if anything, there should be a significant skew towards values being lower now than in early 2009. Yet the average still shows a new peak.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
des_cartes wrote: »http://www.telegraph.co.uk/finance/personalfinance/8092471/House-prices-drop-in-value-by-more-than-average-salary.html
It's the bricks and mortar cash machine in reverse. If you own a house in 2010, it is losing value faster than you can earn money.
Did you sell your other house?Official MR B fan club,dont go............................0 -
des_cartes wrote: »Own a house - you're working for nothing.
Please tell me you'll take a few maths lessons before you buy??
My debt is fixed. If I don't work I can't pay it off. If I do work it reduces.
Get it?0 -
des_cartes wrote: »http://www.telegraph.co.uk/finance/personalfinance/8092471/House-prices-drop-in-value-by-more-than-average-salary.html
It's the bricks and mortar cash machine in reverse. If you own a house in 2010, it is losing value faster than you can earn money.
Is it really? :rotfl:
You must be on a really low wage to think like that."One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
Because by then you've blown your chances. That's it."0 -
HAMISH_MCTAVISH wrote: »Round my way, the average house price is now £20,000 higher than it was a year ago, £40,000 higher than it was at the start of 2007, and it reached a new all time peak this year.
You have a strange definition of "losing value".
Not only do you live there, prices are also high.
Two good reasons to avoid the place.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
HAMISH_MCTAVISH wrote: »We've been here before, and to be fair I did post a list of individual houses of varying price ranges that had sold in 2007 that sold again for more in 2010.
Also, the absolute low point for FTB's as a percentage of buyers was quite some time ago now at the depth of the financial crisis.
The percentage of FTB's has increased since then, so if anything, there should be a significant skew towards values being lower now than in early 2009. Yet the average still shows a new peak.
But you`ve been claiming that FTBers are locked out of the market.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
HAMISH_MCTAVISH wrote: »We've been here before, and to be fair I did post a list of individual houses of varying price ranges that had sold in 2007 that sold again for more in 2010.
Yup, that was a list of .... 10 or so?
Surely you'd agree, though, that we would all be better informed if these average percentages had some indication of their distribution around the average, perhaps by breakdown into price bands of number of sales, averages within price band etc. ?0 -
it does - the Land Registry survey already do thisYup, that was a list of .... 10 or so?
Surely you'd agree, though, that we would all be better informed if these average percentages had some indication of their distribution around the average, perhaps by breakdown into price bands of number of sales, averages within price band etc. ?0 -
HAMISH_MCTAVISH wrote: »Also, the absolute low point for FTB's as a percentage of buyers was quite some time ago now at the depth of the financial crisis.
The percentage of FTB's has increased since then, so if anything, there should be a significant skew towards values being lower now than in early 2009. Yet the average still shows a new peak.
If Graham is "Mr Muddle", what does that make Hamish ?
No reply from Aberdeen, after I pointed out his contadiction.
Hamish does post one or two things that are hard to argue with, then leaves himself wide open when he posts rubbish like that. I wonder if he does it on purpose, or is he really not as bright as he makes out ?
I think he`s been rattled by recent -HPI news.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
des_cartes wrote: »http://www.telegraph.co.uk/finance/personalfinance/8092471/House-prices-drop-in-value-by-more-than-average-salary.html
It's the bricks and mortar cash machine in reverse. If you own a house in 2010, it is losing value faster than you can earn money.
How does that correlate to previous years?
In some years my wages then doubles because I owned
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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