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Land Registry Prediction
Comments
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No problem. If you do ever want any help with maths before embarking on a plan requiring some maths just PM me.
Keep waiting BTW.
That’s alright thanks. Calculations I can handle.
Sadly, when it comes to credible analysis, you’ve demonstrated that you don’t have the chops for it.
Who said I'm waiting. :rotfl:0 -
That’s alright thanks. Calculations I can handle.
Sadly, when it comes to credible analysis, you’ve demonstrated that you don’t have the chops for it.
Who said I'm waiting. :rotfl:
As long as the calculations aren't percentage based you might be ok.
Using an interest rate of 7.5% in your calculations demonstrates that credible analysis isn't part of your skill set either.
Just trying to help. TBH it might end up better for your well-being if you keep getting the calculations wrong anyway.0 -
As long as the calculations aren't percentage based you might be ok.
Using an interest rate of 7.5% in your calculations demonstrates that credible analysis isn't part of your skill set either.
Just trying to help. TBH it might end up better for your well-being if you keep getting the calculations wrong anyway.
Perhaps if you used apples,geneer would understand it better
:rotfl:https://forums.moneysavingexpert.com/discussion/33912860 -
As long as the calculations aren't percentage based you might be ok.
Nah. Still fine ta.
Using an interest rate of 7.5% in your calculations demonstrates that credible analysis isn't part of your skill set either.
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%.
Just trying to help. TBH it might end up better for your well-being if you keep getting the calculations wrong anyway.
You will of course be the first I will come to if I run short of meaningless banal comebacks. With you being such an expert.
For sensible analysis, not so much. But thanks for offering.0 -
undetterred wrote: »Perhaps if you used apples,geneer would understand it better
:rotfl:https://forums.moneysavingexpert.com/discussion/3391286
:rotfl: If only it helped the bulls understand elementary objective comparisons better.
Sadly, no such luck.0 -
Maths is fine.
Would it surprise you to know that interest rates have not always been 4%, and will not be forever more.
Really? So if someone delays purchase for a few years there is a chance that mortgage rates could be a couple of hundred basis points higher when they come to buy? You know, that could have an effect on mortgage affordability for them.
Of course it won't. You're stuck with it.
Which is pretty much why I was highlighting the benefits of, y'know, waiting until after the crash to buy. There is clearly a benefit in doing so, even though you are loathe to admit it.
I have repeatedly said that timing the market well is a good thing, it's just unfortunate that it's much easier to do in hindsight.
Meanwhile, time passes, and a mortgage debt magically disappears as it is inflated away and repayments are made.
And?
Of course the smallest property will be much cheaper now than it was.
We've done the sums on this rob. The benefits are obvious.
You've done some sums, using a really weird arbitrary assumption about interest rates, and neglecting to take into account important factors such as inflation. You've also demonstrated that you don't really understand why people buy a property and what they hope to achieve by doing so.So you essentially would have recommended someone to buy in august 2007.
The significant flaws in this advice is rather obvious.
Personally, I was holding off back then, but I think the benefit to me of doing so has proven to be less clearcut than your simplistic analysis would suggest. I certainly wouldn't look down on someone who bought at peak for the reasons I set out in my previous post.
We've done the sums on this rob. The benefits are obvious.
I guess we don't have to guess when you bought eh.
For what it's worth, I bought last year. I live in a nice central part of Edinburgh (EH3) and my net mortgage cost is less than zero. It's working out pretty well for me so far, and will continue to do so whether house prices rise or fall.0 -
Really? So if someone delays purchase for a few years there is a chance that mortgage rates could be a couple of hundred basis points higher when they come to buy? You know, that could have an effect on mortgage affordability for them.
I have repeatedly said that timing the market well is a good thing, it's just unfortunate that it's much easier to do in hindsight.
Meanwhile, time passes, and a mortgage debt magically disappears as it is inflated away and repayments are made.
You appear to be stuck in some strange recursive loop.
I do wonder how many times you can say exactly the same thing.
You've done some sums, using a really weird arbitrary assumption about interest rates, and neglecting to take into account important factors such as inflation. You've also demonstrated that you don't really understand why people buy a property and what they hope to achieve by doing so.
Well actually I've done is, using numbers which seem reasonable, is support the point I was making.
Even hamish, with his less likely numbers (for reasons already given) managed to support my point.R
Personally, I was holding off back then, but I think the benefit to me of doing so has proven to be less clearcut than your simplistic analysis would suggest.
Does that mean you Prefer Hamishes simplistic analysis.
Or, are you going by a "gut feeling".R
I certainly wouldn't look down on someone who bought at peak for the reasons I set out in my previous post.
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.R
For what it's worth, I bought last year. I live in a nice central part of Edinburgh (EH3) and my net mortgage cost is less than zero. It's working out pretty well for me so far, and will continue to do so whether house prices rise or fall.
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.0
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