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Debate House Prices


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Telegraph: Lending main obstacle for buyers, causing Brits to "give up"

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Comments

  • geneer
    geneer Posts: 4,220 Forumite
    HAMISH_MCTAVISH wrote: »
    No geneer, just because you obsessively repeat the same misinformation in your trolling, doesn't mean it's "proven".

    No Hamish. Its the fact that I made the case in a clear way with supporting evidence.

    Your subsequent disspearing act is what made it proven. ;)

    HAMISH_MCTAVISH wrote: »
    Plenty of indices don't use a simple blunt average, but instead mix adjust, or use repeat sales regression, precisely to avoid the sort of sales mix skew you claim makes the indices inaccurate.
    Not however the land registry. And not the ASPC/ESPC. ;)


    HAMISH_MCTAVISH wrote: »
    Of course, you know that already but choose to deliberately misrepresent the facts.

    Which statistics were you quoting? :)
  • geneer
    geneer Posts: 4,220 Forumite
    HAMISH_MCTAVISH wrote: »
    The Graham Devon posting checklist....

    1. See fact he doesn't like. Muddle up the topic being discussed.



    2. Try and distract from the fact he's changed the subject.



    3. Attack opponent with fallacious rhetorical spin.



    4. Attempt to disengage without admitting he's wrong.



    Wow... another textbook formula post from the master of distraction.

    Better to just do a runner than Hamish?
    Just pretend the discussion never happened?
    Maybe just claim that your sensitive skin can't tolerate any more aggressive arguing? :rotfl::rotfl::rotfl:

    You have the self awareness of a house plant, don't you mate.
  • buglawton
    buglawton Posts: 9,246 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 6 March 2011 at 8:19PM
    A modest semi in the London commuter belt can easily have a 'sticker price' of £270,000. That is 11 times mean male salary and say 13 times a graduate starter salary. Of course, around here most couples both work and unemployment is stubbornly low. All the same, it contrasts with my 1st house in suburban Cheshire in the 80s that cost 3 times my graduate starter salary.

    I am encouraging my son to go & settle in Australia or Canada when he graduates, in the hope that he will one day have a home large enough to invite his ma and pa to!

    From every possible logical and emotional perceptive, UK (especially South East) house prices are still stratospheric - analogous to Japan during it's '86 to '91 property bubble, when 3 generations were clubbing together to buy anything.

    The shortage of buildable land in the Shires is so chronic that this situation is set to continue... but I for one would not want to buy into it.
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    http://uk.finance.yahoo.com/news/Britain-gives-home-ownership-tele-2788265787.html?x=0

    Alarming figures indeed.

    This mortgage famine is ruining the prospects of an entire generation of FTB's, who are instead doomed to enriching their landlords.

    ..

    Hamish worrying about FTB's? Give me a break
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    geneer wrote: »
    Not however the land registry.

    False.

    Land Registry uses repeat sales regression.
    “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”
  • shupufski_2
    shupufski_2 Posts: 96 Forumite
    HAMISH_MCTAVISH wrote: »
    http://uk.finance.yahoo.com/news/Britain-gives-home-ownership-tele-2788265787.html?x=0

    Alarming figures indeed.

    This mortgage famine is ruining the prospects of an entire generation of FTB's, who are instead doomed to enriching their landlords.

    ..

    ZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    buglawton wrote: »
    A modest semi in the London commuter belt can easily have a 'sticker price' of £270,000. That is 11 times mean male salary and say 13 times a graduate starter salary. Of course, around here most couples both work and unemployment is stubbornly low. All the same, it contrasts with my 1st house in suburban Cheshire in the 80s that cost 3 times my graduate starter salary.

    I am encouraging my son to go & settle in Australia or Canada when he graduates, in the hope that he will one day have a home large enough to invite his ma and pa to!

    From every possible logical and emotional perceptive, UK (especially South East) house prices are still stratospheric - analogous to Japan during it's '86 to '91 property bubble, when 3 generations were clubbing together to buy anything.

    The shortage of buildable land in the Shires is so chronic that this situation is set to continue... but I for one would not want to buy into it.

    Mean full time male salary is £35,814 so 7.5x still high I admit but why do people have to exaggerate.
    Property has always been expensive in London I had to move out to Surrey Hants borders in the 70s to buy a 5.3x salary terrace. Property is definitely more expense now but it’s not as bad as people make out unless you compare with the bottom of previous crashes.
  • System
    System Posts: 178,433 Community Admin
    10,000 Posts Photogenic Name Dropper
    shupufski wrote: »
    Z

    If you find an article about home ownership boring then might I suggest a different forum?
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 6 March 2011 at 10:31PM
    Graham_Devon wrote: »
    We've been through all this before. We can go through it all again if you like?

    But basically, if the average house in 2007 was nearly 200k, and the average wage just shy of 30k, how on earth was it always 4x salary?

    It wasn't. As I say, we've been here before. I'm quite happy to undo your bull meme, but really can't be bothered, when its glaringly obvious to everyone that 100% mortgages, at say 200k and average salaries at say 30k, ISNT 4x wages.
    Average salary was £23,764 in 2007.
    http://www.statistics.gov.uk/pdfdir/ashe1107.pdf

    Average salary in 2010 is £25,948.
    http://www.statistics.gov.uk/pdfdir/ashe1210.pdf
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    AndyGuil wrote: »
    Average salary was £23,764 in 2007.
    http://www.statistics.gov.uk/pdfdir/ashe1107.pdf

    Average salary in 2010 is £25,948.
    http://www.statistics.gov.uk/pdfdir/ashe1210.pdf



    Average full time male including overtime is £34,000.
    http://www.statistics.gov.uk/pdfdir/ashe1210.pdf
    “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”
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