First time buyers priced out...

the.ciscokid

chucky wrote: »

i feel for you cisco, has your head stopped spinning yet?

It's quite easy to tell when you have no answer, as you just start throwing insults around. Pretty pathetic tbh.

Explain what you meant by:

do you really think if house prices fell, that would be the only thing that dropped or went down?

and how that makes it even more unaffordable please.

chucky

the.ciscokid wrote: »

Explain what you meant by:



and how that makes it even more unaffordable please.

it's been explained to you before quite a few times.

if you think if we have or will have inflation that the only asset class to drop is property? dream on.

and if we don't we get deflation, have a think what happens to wages if we have deflation.

i would give you more but you'd just come bank with one of your usual simple responses but you dream on for your crash, at least your good at that.

Graham_Devon

chucky wrote: »

it's been explained to you before quite a few times.

if you think if we have or will have inflation that the only asset class to drop is property? dream on.

and if we don't we get deflation, have a think what happens to wages if we have deflation.

i would give you more but you'd just come bank with one of your usual simple responses but you dream on for your crash, at least your good at that.

http://babelfish.yahoo.com/

chucky

Graham_Devon wrote: »

http://babelfish.yahoo.com/

why don't you have a go at trying to put together a plausible or even a coherent argument without most people on this forum ripping it out of you - it's not anyone else's fault that you're slow.

Jimmy_31

MR_BTL_LANDLORD wrote: »

Well said. And don't forget the many excellent shared ownership schemes too. There really is something for everyone.

You sad bas*ard.

Percy1983

chucky wrote: »

good luck in trying to get yourself a mortgage!

Why thank you, that has to be the nicest thing you have ever said to me.

I don't think I need much luck, just more time for a deposit but glad to hear you have my best interests at heart. :beer:

chucky

Percy1983 wrote: »

Why thank you, that has to be the nicest thing you have ever said to me.

I don't think I need much luck, just more time for a deposit but glad to hear you have my best interests at heart. :beer:

i'm sure you'll be fine.

if house prices fall, it directly means that the banks balance sheets are reduced which means they are unable to lend as much to borrowers. this means that there is a serious reduction in 'mortgage availability" and most people can forget about getting a mortgage.

IveSeenTheLight

shortchanged wrote: »

Talk about being pedantic. If I'm saying there is less incentive to pay higher prices.....that equates to me saying that I don't feel that current levels of house prices are sustainable with a major shortage of FTB's currently around.

Theres a difference between paying higher proces and prices not being sustainable.

Sustainable in my eyes equates to stagnation, not paying higher prices.

That said the longer term prospects are for higher prices.