Halifax May +0.1%

Generali

Sibley wrote: »

They wont sit there long when 100% mortgages return and you know it.

If not when.

If Basle III goes through as agreed you can forget about 100% mortgages.

Graham_Devon

HAMISH_MCTAVISH wrote: »

Otherwise all that happens is the cost of everything else rises relative to wages, and house prices remain more or less constant relative to wages, meaning the ability to save a deposit decreases and there is no advantage to waiting versus getting on with it and buying.

Why can you not see this when you keep saying "people paid higher rates in 2007, whats the difference now"?

Or "wages have increased, therefore the debt is reducing".

Or "wages are increasing, therefore there is scope for higher rental costs".

The only time, it seems you can see it, is when real house prices are falling, which you want to spin to say it's not actually helping people buy.

geneer

Pimperne1 wrote: »

Not really a crash more of a correction (they went down then they went up). Anyway, you can only rely on it being a "real" win for you if you have the amount of the house in a bank account or other commodity that attracts interest of inflation rate or above.

Call it a tea pot of you like.
Doesn't change the facts.

And why would investments need to attract returns greater than inflation.
Houses certainly aren't. :rotfl:

Pimperne1

geneer wrote: »

Call it a tea pot of you like.
Doesn't change the facts.

And why would investments need to attract returns than inflation.
Houses certainly aren't. :rotfl:

It is more of a tea pot than a crash.

geneer

HAMISH_MCTAVISH wrote: »

This desperate repositioning of "real terms" falls as a win for the bears is just, well, a bit sad really.

Real terms falls only help if wage inflation is significantly changing the ratio of house prices to income..... As happened in the 90's, but is NOT happening today at anywhere near the same rate.

Otherwise all that happens is the cost of everything else rises relative to wages, and house prices remain more or less constant relative to wages, meaning the ability to save a deposit decreases and there is no advantage to waiting versus getting on with it and buying.

Now, hands up all the bears who are expecting wage inflation to be significant.....
















Anybody?




















Anybody?























No, I didn't think so.....:cool:

I see Hamish. No one in britain has had a wage rise in the last 3 years nor will they for the foreseeable future. Good to know. :rotfl:

As far as desperate repositioning goes, the slippery slimy snail trail indicates that the bulls have been trying to wriggle out of the "soft landing" zone and into the "real falls are great news for property bulls" zone before launching into the laughable "anything above a 50% fall zone means bulls win" zone.
So probably best that you don't throw that "desperate repositioning" accusation out there eh?

I do like the cross eyed assesment that the ability to save decreased over time, whilst common sense dictates that its time which allows you to save a deposit.

Your "debate" about whether its a good idea to buy if house prices are guaranteed not to fall any more in nominal terms does of course course exist only in your own mind.

Oh, and by the way, you're once again referring to average prices as if they are meaningful to all and sundry.
You really need a cheat sheet or something.

geneer

Pimperne1 wrote: »

It is more of a tea pot than a crash.

And this is probably one of your more worthwhile contributions.
zzzzzzzzzz:rotfl:

chucky

geneer wrote: »

And this is probably one of your more worthwhile contributions.
zzzzzzzzzz:rotfl:

hi debtistheft :wave:

Pimperne1

chucky wrote: »

hi debtistheft :wave:

Disrespectful to debtistheft. :rotfl:

chucky

Pimperne1 wrote: »

Disrespectful to debtistheft. :rotfl:

careful, you'll upset shortchanged... he'll get emotional again.

geneer

Ah bless. Look at the kiddy winks playing together.