Debate House Prices
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Repo's up and some startling numbers
Comments
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fortunately i'm able to read, digest and understand. something that you fail miserably on every single thread.
and "everyone" includes FTB's. i like the way you've gone full muddle on this thread. impressive. :wall:
Indeed, trying to discuss a point or answer simple questions without graham trying to diffuse it onto something else.
I just don't get it.
For that reason, I'm out:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Indeed, trying to discuss a point or answer simple questions without graham trying to diffuse it onto something else.
I just don't get it.
For that reason, I'm out
as i said, he's an excuse of a man.0 -
HAMISH_MCTAVISH wrote: »Mortgage famine ongoing, FTB-s continue to be discriminated against.
How is it discrimination? Mortgages require LTV thresholds for both FTBS and those moving house....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Graham_Devon wrote: »It's all denial. If you lot REALLY wish to believe houses prices for FTB's are, on average only 3.13x wages currently, or income even.
LOL, he still doesn't understand the stat.
It's not 3.13 x wages or 3.13 x income, it's not even house prices.
ITS MORTGAGE LOANS = 3.13 X INCOME (HOUSEHOLD) *
*Household income can be single or joint:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »LOL, he still doesn't understand the stat.
It's not 3.13 x wages or 3.13 x income, it's not even house prices.
ITS MORTGAGE LOANS = 3.13 X INCOME (HOUSEHOLD) *
*Household income can be single or joint
I understand the stat fine.
I've been asking you about that stat, asking you as it's on the loan, howcome it never passed 3.3x when we had loans at 100%+. It doesn't add up. You won't answer.
For all the muddlign you accuse and whinge of, you do a pretty good job yourself.
If you are thanking stuff such as "hes an an excuse of a man", seriously, you've lost the argument.
You can't argue it's lack of lending causing FTB's to be priced out, but then argue to the point of outright abuse that houses are affordable based on multiples. But it's what you are doing.0 -
neverdespairgirl wrote: »How is it discrimination? Mortgages require LTV thresholds for both FTBS and those moving house.
I think the difference is that owner occupiers are more likely to have been paying down the mortgage / have increased equity, meaning that when applying for a mortgage (not necessarily moving home) they are more likely to have a better LTV ratio than FTBers:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Graham_Devon wrote: »I inferred now?
Blimey. Just asked a question and stated the fact that 50% of mortgages in 2006/7 were made up of self cert.
You've changed that to make out I inferred something else about FTBs. In that paragraph I didn't mention FTBs, but don't find you confused this time...how strange.
It's all denial. If you lot REALLY wish to believe houses prices for FTB's are, on average only 3.13x wages currently, or income even. Then feel free. but don't at the same time suggest its lack of lending to blame for lack of FTB's. Thats called denial. Either house prices for FTB are within affordability levels, or they are not. Both ways simply doesn't work, which I guess is why you are accusing me of getting knickers in a twist, being mr muddle, havign short man syndrome when I;m not even short, being thick, and whatever else.
I'm simply sat here firing awkward questions and amusing myself with the results.
Nobody is saying this, they are saying Mortgages for FTB's are, on average, only 3.13 x household income of those FTB's.Murphy was an optimist!!!0 -
Graham_Devon wrote: »I understand the stat fine.
I've been asking you about that stat, asking you as it's on the loan, howcome it never passed 3.3x when we had loans at 100%+
For all the muddlign you accuse and whinge of, you do a pretty good job yourself.
If you are thanking stuff such as "hes an an excuse of a man", seriously, you've lost the argument.
If you understood it fine, you wouldn't have been repeatedly stating it as house prices.
Still avoiding all the questions asked I see.
To answer your question above (and I have stated it earlier) there may be specific instances where the ratio has been higher than 3.3, however as an average it appears it has not.
Do you have any evidence to the contrary, since thats your proposition?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »To answer your question above (and I have stated it earlier) there may be specific instances where the ratio has been higher than 3.3, however as an average it appears it has not.
Do you have any evidence to the contrary, since thats your proposition?
My proposition is simply that you cannot state houses are affordable on FTB stats, and then argue that FTBs are priced out due to lack of lending.
Would you disagree with that? You seem to, as you are arguing away while getting more and more frustrated, hence the abuse.
Whch is it? Houses are affordable for FTB's, which is your argument. (forget the loan part, they need to afford the house in the first place to get the loan).
Or lending is to blame for lack of FTB's, which is the argument you have thanked all the way through the thread.
It cannot possibly be both.
Forget the abuse a minute. It's mostly coming from someone who hasn't bothered to even attempt engaging in the discussion. Never does. Just look at what I'm saying. Can you not see why I stated it's denial to claim both arguments?
If house prices were at a level (see, context of house prices here, this is all I meant) that really allowed FTBs to only see multiples to be 3.13x income.....how on earth can we suggest FTBs are being discriminated against by lending practices!?0
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