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Debate House Prices
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Land Registry Prediction
Comments
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You appear to be stuck in some strange recursive loop.
I do wonder how many times you can say exactly the same thing.
Well actually I've done is, using [STRIKE]numbers which seem reasonable[/STRIKE] arbitrary and unrealistic numbers, is support the point I was making.
Even hamish, with his less likely numbers (for reasons already given) managed to support my point.
Corrected that for you.
Does that mean you Prefer Hamishes simplistic analysis.
Or, are you going by a "gut feeling".
I mean going by actual real world numbers and factors.
I certainly wouldn't either. Primarily because its their own look in and they can do what they want. I will however look down on someone who, even in the wake of an significant crash still insists that it would be far better to have bought late 2007.
It seems pretty foolish to ignore the other side of the equation - that people have also enjoyed benefits over the last 4 years for having bought.
Not that I'm all that interesting in your own personal position, but what you appear to be telling us is that you waited until after the bulk of the crash to buy.
Sigh.
... and that the benefits of waiting are perhaps not as clear cut as you imagine. However, the benefits of having bought accrue every month.0 -
It would be good if you could support that statement.
It would be good if you could support your assertion that typical mortgage rates have been 7.5% over the last 11 years.In any event I suspect trackers and fixes were not less than the BOE base rate.
Some things I suspect might blow your mind, man.0 -
Corrected that for you.
No, you haven't. You've simply dismissed it.
For no logical reason I can determine.I mean going by actual real world numbers and factors.
Please enlight us as to what you consider real world numbers and factors.
It seems pretty foolish to ignore the other side of the equation - that people have also enjoyed benefits over the last 4 years for having bought.
Since we've clearly demonstrated that you cannot be refering to a financial benefit, you must be refering to intangible subjective benefits. Which, in all honest, isn't that interesting.
... and that the benefits of waiting are perhaps not as clear cut as you imagine. However, the benefits of having bought accrue every month.
Except financially the benefits are pretty clear cut.
Whether you go with my approximate sums, which you seem to disagree with, or Hamishes impossible sums.0 -
It would be good if you could support your assertion that typical mortgage rates have been 7.5% over the last 11 years.
No probs.
http://www.housepricecrash.co.uk/graphs-base-rate-uk.php
SVRs range between 9% to 5%, outside of the unprecedented emergency base rate blips of the last couple of years.
Please don't forget, I'm also having to select a figure which we can project across the next quarter century.
Now its your turn....It would be good if you could support your assertion that typical mortgage rates have been 7.5% over the last 11 years.
True. But its not going to be mortgage rates lower than base rates.0 -
More credible than 5%.
And looking back over the last 11 years, the average for typical mortgage rates does look to be about 7.5%.
Well I've looked back at what I've paid myself over the last 11 years 7.5% seems is far from typical. You've got this wrong.Please don't forget, I'm also having to select a figure which we can project across the next quarter century.
Make your mind up. Is it historic or future rates you are trying to predict. Just how long are people meant to wait for the crash. Sometime between 2000 & 2023?0 -
No probs.
http://www.housepricecrash.co.uk/graphs-base-rate-uk.php
SVRs range between 9% to 5%, outside of the unprecedented emergency base rate blips of the last couple of years.
Please don't forget, I'm also having to select a figure which we can project across the next quarter century.
Now its your turn....
True. But its not going to be mortgage rates lower than base rates.
Ha, ha. Sorry, I was having a rest but that's beyond funny.
Geneer is using the HPC table where they have simply added 2% onto the base rate every month for the last 14 years as being the authoritative source for the Typical Variable Mortgage Rate. Looks like an Excel formula used to populate that cell.
Great research Geneer. :rotfl:
Incidentally the argument is flawed in concentrating on SVRs. I have had loads of mortgages and they are hardly ever on SVR - can't be bothered doing the research but I expect you will find that the mortgage tarts were continually swapping one fix for another or one tracker for another.0 -
I don't care what the land registry or any other organisation says. I would rather trust my own eyes and ears.
I know house prices have been falling for a long time and will continue to do so for a long time."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
No, you haven't. You've simply dismissed it.
For no logical reason I can determine.
Because it has no basis in fact.
Please enlight us as to what you consider real world numbers and factors.
Since we've clearly demonstrated that you cannot be refering to a financial benefit, you must be refering to intangible subjective benefits. Which, in all honest, isn't that interesting.
Nope, I am referring to a financial benefit. For example: paying a mortgage rate of BBR + 0.5% vs. paying rent at 5% or more of a property's value; or, the value of a debt being eroded in real terms by inflation.
Except financially the benefits are pretty clear cut.
Whether you go with my approximate sums, which you seem to disagree with, or Hamishes impossible sums.
They are only clear cut if you completely discount any factor which may weigh against them. This is a curious method of analysis.0 -
No probs.
http://www.housepricecrash.co.uk/graphs-base-rate-uk.php
SVRs range between 9% to 5%, outside of the unprecedented emergency base rate blips of the last couple of years.
It's interesting that you can look at that table and determine that over the last 11 years the typical mortgage rate has been 7.5%. And that's notwithstanding the fact that SVRs would tend to be more expensive over that period than a tracker, a discount tracker (by definition!) or a fix.
True. But its not going to be mortgage rates lower than base rates.
There were mortgage products available pre-Crunch which tracked below base rate.0
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