How long can FTB-s afford to wait?

ess0two

Jimmy_31 wrote: »

this is how hamish never loses in a debate, you pose him a question or statement that cant be shot down with data and flow charts and he is pretty much done for so he just ignores the post.

Try using todays word of the day when posting in hamishes direction todays word is ANECDOTAL, for some reason he will respond to anecdotal information but only to say its a fairy story or meaningless, but still its an answer isnt it.

Heres another "anecdote" for you hamish....

Lloyds Banking Group is reviewing how its closely watched Halifax house price index is calculated, amid concern that the high number of different monthly measures can add to volatility and confuse sentiment in the market.

The move comes ahead of findings next month from a government report into housing market statistics.

Lloyds is undertaking a review of how it calculates the index, which is based on mortgage approvals made by Halifax. It is understood the bank hopes to iron out irregularities and volatility in the index.


Id rather not base the biggest purchase of my life on data that contains irreglarities. So now all the figures that you use to try and prove a point and get FTBs to get on the ladder quick may be changed, massaged, manipulated, or the old favourite cooking the books:rotfl::rotfl:but on the plus side hamish the government will be publishing a report on house price statistics next month, fingers crossed they publish a few flow charts for you to salivate over as well:)

Quite strange really,you come across as thick yet produce this gem.

chucky

Graham_Devon wrote: »

No ones said that.

All thats being said is there is no point looking at people who can afford mortgages, to state mortgages are affordable.

All thats being said, is it's probably wise to look at something like the average wage.

thanks for that post - you've confirmed that using the average wage skews the average wage figure that you cling so desperately to.

Graham_Devon wrote: »

You are going right to the opposite end of the scale, to make your point, and suggesting people are looking at people on the minimum wage. That's not the case, and NO ONE has said that. Only you, and the others who do not wish to discuss the average wage vs house price.

I assume you use that extreme, as you can't argue otherwise

you are joking aren't you??? we've been here before where you don't even understand the differences how mean, median or mode averages work!!!

System

Jimmy has an odd obsession with flow charts. I don't think I've ever seen a flow chart related to house prices.

chucky

julieq wrote: »

And Graham flounces off again....

he wasn't able to put together a coherent argument. quelle surprise!!!

Jimmy_31

HAMISH_MCTAVISH wrote: »

So then you agree that housing is actually pretty affordable for those who have bought houses.....

What percentage of society do you believe should be able to afford a house?

Every working person in britain should be able to afford a house, is it wrong of me to think this, if so correct me, or ignore me, whichever is easiest for you

Jimmy_31

julieq wrote: »

Can first time buyers not buy houses in the winter when according to Hamish they are much cheaper? FACT.

I couldnt buy a house last winter because they were still over priced, well i could have bought one but that would have just been a waste of money.

Jimmy_31

ess0two wrote: »

Quite strange really,you come across as thick yet produce this gem.

well i do apologise for not being clever enough to please you all the time.

Forget the gem anyway its only the data and statistics that some people base their statements on, it will probably turn out not even to be relevant data anymore when some people decide so, and then some people will have to find new data to shove down peoples throats.

Ill be sticking to the estate agents windows to get my data on house prices, well fake house prices anyway according to some people.

You come across as quite CONDESCENDING by the way, oooohhhh look at me with me big words.


Hey hamish am i still alright to put my offer in on monday morning its just that the data you are basing your advice on seems to be a bit suspect.

HAMISH_MCTAVISH

Jimmy_31 wrote: »

well i do apologise for not being clever enough to please you all the time.

Forget the gem anyway its only the data and statistics that some people base their statements on, it will probably turn out not even to be relevant data anymore when some people decide so, and then some people will have to find new data to shove down peoples throats.

Ill be sticking to the estate agents windows to get my data on house prices, well fake house prices anyway according to some people.

You come across as quite CONDESCENDING by the way, oooohhhh look at me with me big words.


Hey hamish am i still alright to put my offer in on monday morning its just that the data you are basing your advice on seems to be a bit suspect.

Wow.

Total e-breakdown in 127 posts.

A new record?

Jimmy_31

HAMISH_MCTAVISH wrote: »

Wow.

Total e-breakdown in 127 posts.

A new record?

Seriously thats all you could come up with.

Are you sure you are not forgetting something important?

replumbed

julieq wrote: »

This is a joke right?

There's a good (non partisan) discussion of how supply and demand relates to the UK housing market here:

http://www.economicsonline.co.uk/Competitive_markets/The_housing_market.html

You're right that single transactions could theoretically be at arbitrary levels, but that's true for all transactions, not just housing. There's nothing stopping someone paying £200 for a £20 toy on Ebay for example. But that doesn't mean supply and demand rules don't apply. Aberrant transactions get averaged out.

I suspect that the recent desire - not the first time this subject has come up recently - to remove the idea of supply and demand and create a "new paradigm" is because the inexorability of the uk housing demand/supply imbalance is becoming difficult to ignore, even for the most dyed in the wool bears. So to get further corrections at a time when lending is increasing and FTBs are building deposits against a basically improving economic situation, you have to declare supply and demand no longer applies. Anyone can see that the factor constraining demand - the inability to get finance - is slackening rapidly.

Brave attempt, but as Hamish says there is nothing else.

There is always something else.
You should know that. :T