UK Mortgage Lending and House Prices DID NOT cause the credit crunch

DervProf

You know, I think Hamish is slightly rattled. I have a lot of respect for Hamish, in that he does fight his corner well. He's a great fighter when the battle is going his way, but I have a feeling that he knows that the economy is slightly scr*wed and that HPI isn't really going to be a main course on the menu for a while.

If you want statistics and predictions, Hamish is your man. If you want a more "human" opinion of the property market and wider economy (not that there much to the economy, beyond property in the UK/Aberdeen, so it appears), then it would be wise to take note of what a few others are saying.

Graham_Devon

Cleaver wrote: »

My mortgage and bills total around £900 a month.

But he's not paying your mortgage and bills is he.

I realise this was only to have a pop at jimmy, but £900 a month for all bills and the mortgage is relatively low.

HAMISH_MCTAVISH wrote: »

A qualified joiner or plumber on less than minimum wage?:rotfl:

And you are just getting excited and making things up to suit again. Who said anything about minimum wage apart from you?

crash123

I think the big problem for tradesman is that over the last few years many have been made redundant by the big housing firms and many of these have gone self-employed. The big firms also cut wages for the tradesman left. The tradesman that have gone self-employed just recently are undercutting the rest to get work.
Hamish won`t believe me but I know a very good joiner who is down to a weeks work.
Electricians that only have 2 days work a week sometimes less. Hardly anyone is moving house so this has a knock on effect and it is going to get worse.

Jimmy_31

Hamish you are losing it mate, just like you are going to lose everything else:) lucky for me ive got nothing to lose:)
























5hit joiner for hire pm for details:D

crash123

when 2 people have to work to be able to afford a house then they are too dear.
Families should have a choice especially when having children.

Jimmy_31

crash123 wrote: »

when 2 people have to work to be able to afford a house then they are too dear.
Families should have a choice especially when having children.

This is the point im trying to make, the only way for any of the lads i know to buy a house is to go the relationship route and get one with the missus (apparently this doesnt work down south because its still too expensive). I wouldnt throw to for a bag of chips with the vast majority of the women in our area so thats probably not going to happen.


Disclaimer.........There are plenty of knobhead fellas in my area as well:)

ILW

Jimmy_31 wrote: »

This is the point im trying to make, the only way for any of the lads i know to buy a house is to go the relationship route and get one with the missus (apparently this doesnt work down south because its still too expensive). I wouldnt throw to for a bag of chips with the vast majority of the women in our area so thats probably not going to happen.


Disclaimer.........There are plenty of knobhead fellas in my area as well:)

You should move.

Cleaver

Jimmy_31 wrote: »

Just out of curiosity how much do you think the average sub contractor joiner is currently earning per hour in the north west ? maybe you know one joiner whos usual customers have still got money to pay for work done, good luck to the fella, wish all my customers were not skint and now on the dole so then i wouldnt have to pi55 about on building sites for a joke wage.

I just know that you told me last week that your joiner friend earns £7 an hour and now you're presenting a fully qualified plumber who doesn't earn enough to pay bills and mortgage, which would generally be around £1,000 a month. These are not normal, skilled, tradesman wages. Everyone knows this.

You know what, you're going to say I'm lying but I don't care. My joiner mate doesn't have a single day off until Sunday 26th November. Contract work through the week and then jobs every Saturday and Sunday. But as we discussed before, maybe he's a different type of joiner with better contacts.

Cleaver

Graham_Devon wrote: »

But he's not paying your mortgage and bills is he.

I realise this was only to have a pop at jimmy, but £900 a month for all bills and the mortgage is relatively low.

Is it? I have a mortgage of £120,000 which I'm sure is way, way higher than the average UK mortgage. Isn't the average mortgage around £60,000?

Anyway, I take on board your point, we're talking about people buying now. Average house is £165,000, let's say you have a 20% deposit and your mortgage is 4% at present. That's £700 a month. Bills maybe £400 a month? So £1,100 a month. Still think a decent plumber should be able to afford that.

Cleaver

Graham_Devon wrote: »

And you are just getting excited and making things up to suit again. Who said anything about minimum wage apart from you?

There was a thread last week where Jimmy was talking about his fully qualified joiner friend who earns a £1 an hour over minimum wage (£7 p/hour).