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

Graham_Devon

Really2 wrote: »

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?

Yes, I deleted my post because I said I was stepping away from the argument as it was frankly stupid. You were pretty quick though.

Do you not see the lengths you are now having to go to to explain your position?

The price is the price of the house. If you feel differently, which you obviously do, and see the price as something different, then we will need to beg to differ...and I will leave the convo completely flummoxed as to how you can even argue to toss on this one.

HAMISH_MCTAVISH

Graham_Devon wrote: »

I think you are wrong.

The monkey is not falling.

The monkey is dropping. Plunging. Plummeting.

But not falling.

Oh look, the monkey's getting up.....

No..... wait........ sorry, it was just the dead monkey bounce.

Emy1501

I cant read the article but I'm not sure what the OP is getting at here. Most of what he talks about 30-40 year mortgages dual income mortgages 95% mortgages are available at the moment. Last time I looked 90% and even 95% mortgages rates were not that bad compared to peak and if young couple can't save 10K over a few years living at mum and dads then they should not bother attempting to buy a house.

Banks lending based on affordability is here to stay I suspect so people are going to need to get used to that fact.

Cleaver

Graham_Devon wrote: »

The monkey is dropping. Plunging. Plummeting.

Define 'plunging'.

Really2

Graham_Devon wrote: »

The price is the price of the house. If you feel differently, which you obviously do, and see the price as something different, then we will need to beg to differ...and I will leave the convo completely flummoxed as to how you can even argue to toss on this one.

Fair enough but you brought it up?

But could you still explain

Graham_Devon wrote: »

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..

As you seem to have brought up TCO to avoid explaining what you said.

In my mind it is market factors that set the price, not the price setting market factors.
If you gave an examaple I might know what you are talking about.

DervProf

Really2 wrote: »

In my mind it is market factors that set the price, not the price setting market factors.
If you gave an examaple I might know what you are talking about.

Price can set market factors.

Take deposit requirements, for example (a market factor).

Graham_Devon

Really2 wrote: »

Fair enough but you brought it up?

But could you still explain

As you seem to have brought up TCO to avoid explaining what you said.

In my mind it is market factors that set the price, not the price setting market factors.
If you gave an examaple I might know what you are talking about.

This whole thread is about price setting market factors.

People were sitting around a table discussing new ways of providing the means for people to buy. This discussion was solely due to the fact that many people cannot buy due to the price.

Therefore, the price problem, has people discussing a way around the issue, through other market factors, such as new, higher lending, with funds set aside incase of default or negative equity (due to prices falling).

* Disclaimer
1(a) The people discussing may have been conversing.
1(b) The above may have been sat around a table. This however is just an example. It is not known they were definately sat around a table with a 100% guarantee.
2(a) "This whole thread". This was used to define the topic of the thread and the reason for it's birth.
2(b) I know threads are not neccesarily born.
3(a) The term "conversing" covers all other english language enventualites to define discussion.

chucky

Graham_Devon wrote: »

It IS all down to the price.

are you really this slow or do you practice?

here's a really ,really easy one for you...

two people want to buy a house that is £200k and need a mortgage. one has 30% deposit and the other has 10% deposit.

the guy with the 30% deposit can get a mortgage at 4% the guy with the 10 deposit can get a mortgage at 5%.

do you really think that the guy with the 30% deposit is going to pay more than the other guy.

so if it IS all about the price why is one paying less for his mortgage repayments and less for his house?

DervProf

chucky wrote: »

so if it IS all about the price why is one paying less for his mortgage repayments and less for his house?

You won't know what either person actually pays for their house until it is paid for.

chucky

DervProf wrote: »

You won't know what either person actually pays for their house until it is paid for.

that's lovely but little to do with the floored point that it is all about the price