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Debate House Prices
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Rents essentially unchanged since august 2008.
Comments
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AW. Does that mean your pointless diversional gambit petered out then?
No. Plainly you could have bought when Edinburgh prices were half what they are now ~ and avoided forking out 10 years rent.
Oh, and you claimed to be mid thirties 2 years ago.If I don't reply to your post,
you're probably on my ignore list.0 -
Rinoa you have clearly lost this one. House are still overvalued. They are still being propped up by easy credit and unrealistic low interest rates that can not stay.
The house price bulls can not still be shouting green shoots, the crisis is over things will get better from here.
Take a look around the world, this is worse than the great depression, the more they kick the can down the road the worse the crisis becomes.
Green shoots, yeah right.0 -
No. Plainly you could have bought when Edinburgh prices were half what they are now ~ and avoided forking out 10 years rent.
Yes. Cos sadly, Another damp squib.
10 years ago I was on a fairly poor a graduate salary.
I was also sharing a rather spiffy house with people I enjoyed spending time with.Oh, and you claimed to be mid thirties 2 years ago.
Yes. And I still claim to be. Its a conundrum innit columbo.
You might have to get a brain surgeon or quantum theorist to help you with the complex maths involved in this one. :rotfl:0 -
Rinoa you have clearly lost this one. House are still overvalued. They are still being propped up by easy credit and unrealistic low interest rates that can not stay.
Overvalued in what way? The old salary multiple benchmark is long obsolete thanks to duel incomes and sub 5% borrowing becoming the norm. Repayments as a proportion of take home pay is not actually very hight. Whilst house prices may have half of what they are now in real terms 30 years ago, interest rates were double or more and only one partner was servicing repayments.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Yes. Cos sadly, Another damp squib.
10 years ago I was on a fairly poor a graduate salary.
As you claimed to be mid-thirties 2 years ago, I can only assume you were a graduate for a very long time. But as always, you're very careful not to divulge too much information.
We can only wonder how you got to be mid thirties without ever being in a position to buy when houses were dirt cheap and mortgages easily obtainable. :rotfl:If I don't reply to your post,
you're probably on my ignore list.0 -
Turnbull2000 wrote: »Overvalued in what way? The old salary multiple benchmark is long obsolete thanks to duel incomes and sub 5% borrowing becoming the norm. Repayments as a proportion of take home pay is not actually very hight. Whilst house prices may have half of what they are now in real terms 30 years ago, interest rates were double or more and only one partner was servicing repayments.
Whatever measure you use house prices are still overvalued. You can argue that low rates will be around forever, but I would say boll*x.
Easy credit will be over soon, make the most of low monthly payments those who fix now can at least sleep well for the term of their fix.0 -
Whatever measure you use house prices are still overvalued. You can argue that low rates will be around forever, but I would say boll*x.
Easy credit will be over soon, make the most of low monthly payments those who fix now can at least sleep well for the term of their fix.
What better measure than mortgage repayments as a proportion of income? Salary multiples are obsolete.
With regards to credit, dirt cheap mortgages and homeowner/borrower support are considered an utmost political priority for any shade of government. The base rate is almost certain to remain very low for the rest of the decade, and it would take an epic global crisis to force mortgage rates above 6% - and even then you can pretty much guarantee government intervention to ensure mortgage borrowers have an easier ride.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Turnbull2000 wrote: »it would take an epic global crisis to force mortgage rates above 6% -
That's is the way things are heading, the government can promise to save mortgage holders as much as they want but where are they going to get the funds from? Cut jobs even more
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That's is the way things are heading, the government can promise to save mortgage holders as much as they want but where are they going to get the funds from? Cut jobs even more
Future taxpayers.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
No, now that you mention it.
It was pretty meaningless when you asked champ. :rotfl:
No idea. It was after all years ago.
Nothing that gave me pause.
There. Will that do?
lmao. You spend every minute of your spare time discussing house prices and rents & you can't remember how much your rent rise was 2 years ago...
Yehh... right.0
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