Land Registry - 28 March 2011 - -0.8%/1.7%

chucky

Graham_Devon wrote: »

We do not know, because of self cert etc. I wouldn't even suggest the average is 5x to be honest, probably under. Its the price of the house and therefore mortgage thats the issue.

a predicable response of proving that you don't actually understand what you're talking about

how could self cert mortgages skew these numbers if the data for salary multiples for mortgages if the salary is not included in the calculation that is lent to the borrower as it's a self-certified mortgage and the salary is irrelevant... just a thought...

wotsthat

Graham_Devon wrote: »

After all, it hasn't got my username on the post....and thats what this is all about right? Hence wotsthat is here with no opinion, no insight, just a wooden spoon.

Here's my opinion. The low rate of arrears is good news. What's your opinion?

wotsthat

ukcarper wrote: »

So how many people have bigger than 5x salary mortgages I believe the average is a lot less than that. The price of the house is irrelevant. My house is probably worth £275k and I’m only on just over £12k a year but I won’t be losing my house or going into arrears.

..and even if you did go into arrears you'd probably be dealt with more sympathetically by your lender than you would have been in 1990.

Graham_Devon

chucky wrote: »

a predicable response of proving that you don't actually understand what you're talking about

how could self cert mortgages skew these numbers if the data for salary multiples for mortgages if the salary is not included in the calculation that is lent to the borrower as it's a self-certified mortgage and the salary is irrelevant... just a thought...

Hence why I have said twice now, and for the third time, we don't even need to look at affordability in the sense you are trying to, the arrears figures have done it for us.

Graham_Devon

wotsthat wrote: »

Here's my opinion. The low rate of arrears is good news. What's your opinion?

My opinion is that its not low.

You want to look at previous years to see what low is. They are just lower than the late 80's and early 90's.

ukcarper

Graham_Devon wrote: »

We do not know, because of self cert etc. I wouldn't even suggest the average is 5x to be honest, probably under. Its the price of the house and therefore mortgage thats the issue.

But seriously. If people are going to try and suggest I don't understand, and then just literally pick figures out of the air to prove me wrong, and then state I'm obfusicating....surely that proves my very point when I said:

I'm picked up for not including detailed inflation summaries.

Yet just stating 5 x any olf figure and 3 x any old figure, ignoring tax, ignoring anything else, is just fine and dandy. Afterall, it hasn't got my username on the post....and thats what this is all about right? Hence wotsthat is here with no opinion, no insight, just a wooden spoon.

I've not personally accused you of anything I haven’t taken account of tax because it would take to much time to work out net pay in 1990 but I believe income tax rates were higher in the 1990.

I chose 3x because that is what the bears keep quoting and 5x because that is higher than the FTB ratio according to HPC .

chucky

Graham_Devon wrote: »

Hence why I have said twice now, and for the third time, we don't even need to look at affordability in the sense you are trying to, the arrears figures have done it for us.

so you just want to look at things your way.

people are going out of their way to explain stuff to you and you still persist in trying to tell others they're wrong when it's plain to see...

Graham_Devon wrote: »

You want to look at previous years to see what low is. They are just lower than the late 80's and early 90's.

absolute classic post - yeah but, no but, there not the same, yeah but, not but we can't compare because i don't like those numbers

Graham_Devon

ukcarper wrote: »

I've not personally accused you of anything I haven’t taken account of tax because it would take to much time to work out net pay in 1990 but I believe income tax rates were higher in the 1990.

I chose 3x because that is what the bears keep quoting and 5x because that is higher than the FTB ratio according to HPC .

Yes, apologies. Taking my annoyance over these other two whining on and on about anything out on you.

wotsthat

Graham_Devon wrote: »

My opinion is that its not low.

You want to look at previous years to see what low is. They are just lower than the late 80's and early 90's.

You see this is what I find quite frustrating and led to my obfuscation comment.

Just a few short posts ago you said something different..

Looks like we are doing ok. Just under half the arrear rates of 1990.

but you qualified it with a cryptic analysis that seemed to have the opposite meaning.

The elephant in the room is that you find positive economic news extremely difficult to acknowledge.

ukcarper

http://www.parliament.uk/briefingpapers/commons/lib/research/briefings/snsg-00263.pdf

Here is an interesting link for you graham