Mortgage lending up on a year ago, says CML

shortchanged_2

RenovationMan wrote: »

I'm not sure what you are saying here in response to my post, it doesn't logically follow on?

Are you saying that responsible and irresponsible borrowers should be lumped together? Are you saying that there are only two states a market can be, either totally free or totally regulated?

I'm not sure what you don't get.

I'm saying that a lack of regulation in the lending industry caused the problems we have in the housing market now and that I think there needs to be fairly strict lending regulation to prevent this boom and bust cycle we are so prone to.

RenovationMan

shortchanged wrote: »

I'm not sure what you don't get.

I'm saying that a lack of regulation in the lending industry caused the problems we have in the housing market now and that I think there needs to be fairly strict lending regulation to prevent this boom and bust cycle we are so prone to.

It was the "but" in your post after you quoted my post, as if you thought what I had posted was a call for a completely free market and zero regulation. You seem to be unable to see 'shades of grey'.

I think we're reaching our empasse again where I call for regulations in order to prevent people from overstretching themselves and getting into financial difficulty and you call for regulations in order to crash the housing market.

HAMISH_MCTAVISH

RenovationMan wrote: »

I call for regulations in order to prevent people from overstretching themselves and getting into financial difficulty and you call for regulations in order to crash the housing market.

That pretty much describes every thread on here nowadays.

shortchanged_2

RenovationMan wrote: »

I think we're reaching our empasse again where I call for regulations in order to prevent people from overstretching themselves and getting into financial difficulty and you call for regulations in order to crash the housing market.

You see I wouldn't call it a crash. I would call it a return to more realistic, sustainable levels.

RenovationMan

shortchanged wrote: »

You see I wouldn't call it a crash. I would call it a return to more realistic, sustainable levels.

Ah but that's because you're not a recent FTB. As I have said many times, the only people calling for a crash are those currently renting and those like yourself who picked up a bargain 10 to 15 years ago and can be generous with all that HPI they didn't earn.

Fair play to the renters, they just want to get a cheaper house. As to the smug HPI boys? Nah, can't stomach them myself.

nearlynew

Although I think McTittish's idea is a good one, I think a better way to defeat these idiots is to just ignore their posts.

Additionally, any threads started by them (and we all know who I'm talking about) should be left unanswered and allowed to drift off onto lower pages of the board - never to be seen again.


(Including this one. Please do not reply)

MrRee_2

nearlynew wrote: »

This positive thread has gone on too long, I command you all to stop posting unless the thread is a misery thread, relishing in the misery of others like the one's I post ...... do NOT continue posting on this thread - I, your dictator has spoken!!

Posters are grown up enough to comment where and how they wish, you mad freak!

Thrugelmir

RenovationMan wrote: »

I think we're reaching our empasse again where I call for regulations in order to prevent people from overstretching themselves and getting into financial difficulty and you call for regulations in order to crash the housing market.

At the current time its irrelevant. As there's a much bigger game in play. The aim of which its to deflate the bubble slowly. As a consequence there will be a steady tightening until everything normality finally returns.

shortchanged_2

RenovationMan wrote: »

Ah but that's because you're not a recent FTB. As I have said many times, the only people calling for a crash are those currently renting and those like yourself who picked up a bargain 10 to 15 years ago and can be generous with all that HPI they didn't earn.

Fair play to the renters, they just want to get a cheaper house. As to the smug HPI boys? Nah, can't stomach them myself.

Exactly. It shows I'm not trying to cash in on my circumstances.

Why is it such a bad thing to want to see the UK housing market being more reasonable again, where you could buy a property with reasonable income multiples. Markets forces will still dictate things i.e if you earn more, you will generally (if your not already debted up to the hilt) be able to lend more.
I know a crash will affect you RenoMan but you're one of the ones who cashed in on the boom years and now are the owner of one of those stupidly priced houses.