And So It Begins.....

Jimmy_31

Rinoa wrote: »

Of course they can afford the prices. They're paying as much in rent as they would for a mortgage. It's the deposits that stop people buying.

Ive got my deposit and im not buying yet, everybody i know who has a deposit in place is waiting for house prices to fall further before they buy.

geneer

Sorry what time is running out?
Whats he on about?

Jack_Johnson_the_acorn

Jimmy_31 wrote: »

Ive got my deposit and im not buying yet, everybody i know who has a deposit in place is waiting for house prices to fall further before they buy.

But in the meantime you're paying the mortgage on a house that you don't own.....

No guarantee of further drops... Now is a good time to buy IMO, rates are relatively low and house prices outside of London are generally selling for around 10-15% less than peak price.

Jimmy_31

Jack_Johnson_the_acorn wrote: »

But in the meantime you're paying the mortgage on a house that you don't own.....

No guarantee of further drops... Now is a good time to buy IMO, rates are relatively low and house prices outside of London are generally selling for around 10-15% less than peak price.

There is no mortgage on the building site i have been living on for the last few months for free, everybody around here with a deposit in place will not buy a home yet because prices are still falling and the houses are still not selling.

Peak price is just a made up number that doesnt represent anywhere near value for money.

Rinoa

Jimmy_31 wrote: »

Ive got my deposit and im not buying yet, everybody i know who has a deposit in place is waiting for house prices to fall further before they buy.

GD's point was that people couldn't afford to buy. I guess you're saying he's wrong.

However, prices are up £18k since early 2009 ~ see sig. Waiting and paying rent hasn't been the best policy this past couple of years or so.

Even those who bought at peak are arguably better off than those who chose to continue renting.

Jack_Johnson_the_acorn

Jimmy_31 wrote: »

There is no mortgage on the building site i have been living on for the last few months for free, everybody around here with a deposit in place will not buy a home yet because prices are still falling and the houses are still not selling.

Peak price is just a made up number that doesnt represent anywhere near value for money.

So in just a couple of months you have saved up enough for at least a 10% depsosit on a house and you are living in a house for free..... Yeah because that sounds like the average persons situation;)

Oh well... Good luck.:T

geneer

Rinoa wrote: »

GD's point was that people couldn't afford to buy. I guess you're saying he's wrong.

However, prices are up £18k since early 2009 ~ see sig. Waiting and paying rent hasn't been the best policy this past couple of years or so.

Even those who bought at peak are arguably better off than those who chose to continue renting.

Given that in this failing low volume market "average" prices simply (and demonstrably) aren't as meaningful as you like to pretend they are, you conclusions are clearly flawed and unworthy of much serious consideration.

Rinoa

geneer wrote: »

Given that in this failing low volume market "average" prices simply (and demonstrably) aren't as meaningful as you like to pretend they are, you conclusions are clearly flawed and unworthy of much serious consideration.

You've been renting for the past 20 years.

Easy to see why you want to slag off all the house price indices.

Jack_Johnson_the_acorn

Rinoa wrote: »

You've been renting for the past 20 years.

Easy to see why you want to slag off all the house price indices.

And apparently he lives with his sister??? Weird.....:D

geneer

Jack_Johnson_the_acorn wrote: »

And apparently he lives with his sister??? Weird.....:D

Sorry what?

Your storming about the board after me today it seems Jack.
Gotta tell you mate, I've got my more than my fair share of mentalist stalkers. Take a breath son.