FSA advisers urge delay to mortgage reform and more 'flexible' lending

Graham_Devon

Alright, I'm dipping out of this argument.

Reasons:
1. Your example does not state total price. It says total payable.
2. There is a useful acronym. TCO. That stands for total cost of ownership. It doesn't stand for price.
3. Even Hamish, the one who stated that he sees the "price" as being made up of other factors, on questioning whether he means cost of ownership, is now having to describe what he means as cost of ownership.
4. It's frankly a darn stupid argument. But I'm not surprised were having it.

Graham_Devon

Cleaver wrote: »

No, I'd call the price of the car the price of the car.

Good. I'd call the price of the house the price of the house.

But apparently I'm wrong.

Cleaver

Graham_Devon wrote: »

It's frankly a darn stupid argument. But I'm not surprised were having it.

Is there any chance we could have that as our motto in bold at the top of the forum?

Debate House Prices & The Economy: "We know it's a damn stupid argument but we're gonna have it anyway."

Cleaver

Graham_Devon wrote: »

Good. I'd call the price of the house the price of the house.

But apparently I'm wrong.

I'd agree with you Mr Devon. The price of the house is the price of the house.

But obviously the price of the house doesn't tell you what the cost of the house will be, other factors determine that.

Really2

Graham_Devon wrote: »

Alright, I'm dipping out of this argument.

Reasons:
1. Your example does not state total price. It says total payable.
2. There is a useful acronym. TCO. That stands for total cost of ownership. It doesn't stand for price.
3. Even Hamish, the one who stated that he sees the "price" as being made up of other factors, on questioning whether he means cost of ownership, is now having to describe what he means as cost of ownership.
4. It's frankly a darn stupid argument. But I'm not surprised were having it.

1) Well would the total you pay not be the total price?
2) TCO refers to all costs, this is not TCO it is cost to own.
3)pass
4) you brought up the analogy

You could of just give an example of how the below works in the real world

It IS all down to the price.

While the market factors may influence the setting of the price, the price always comes out as leading everything. The price sets the need for the market factors in the first place.

Instead of bringing in TCO. TCO was never discussed.

To my mind the market sets the sale price.
If it was all about price marketed price would be the indicator of not sold prices?

Graham_Devon

Cleaver wrote: »

I'd agree with you Mr Devon. The price of the house is the price of the house.

But obviously the price of the house doesn't tell you what the cost of the house will be, other factors determine that.

Indeed. I believe those other costs are commonly known as costs of ownership dependant on the variables chosen / used / required.

Cleaver

Graham_Devon wrote: »

Indeed. I believe those other costs are commonly known as costs of ownership dependant on the variables chosen / used / required.

I agree. And I think that's the second time we've agreed this week. Somewhere in Asia a surprised monkey is falling out of a tree.

Really2

Graham_Devon wrote: »

Indeed. I believe those other costs are commonly known as costs of ownership dependant on the variables chosen / used / required.

Interest is not a TCO, when a cars price per mile cost is worked out it does not include a finance element.

But to get back to the proper debate, could you give a working of example of being all about the price?

Graham_Devon

Cleaver wrote: »

I agree. And I think that's the second time we've agreed this week. Somewhere in Asia a surprised monkey is falling out of a tree.

I think you are wrong.

The monkey is not falling.

The monkey is dropping. Plunging. Plummeting.

But not falling.

Really2

Graham_Devon wrote: »

Is it not?

What is it then?

Well you can buy a car with cash or finance. The finance cost is a variable on deposit and rate. So very much a personal thing.

To included it you would have to increase the cost price of the car to get TCO. That would increase the cost per mile.

Price per mile TCO is worked out on retail cost (cash no discount)

But for the n'th time could you answer my question please.

Edit:You deleted your post?