Officially in recession

DervProf

chucky wrote: »

Enough are buying and selling. If they weren't buying or selling we'd have a house price crash, it ain't happened.

If enough weren't buying or selling, I doubt we would have a house price crash. We'd have what we have now..... stagnation.


Oh, welcome back chucky. Glad to see that you have fixed/replaced your keyboard, or you have found out where the shift key is.

chucky

Graham_Devon wrote: »

Well the position appears now to have moved to simply calling everyone else in the discussion an idiot.

I'll claim that one as argument won then.

If that's how Internet trolls like you get their kicks, then yes.

But... You've still avoided explaining this...

Graham_Devon wrote: »

Tell Hamish then. You've just fallen over your own foot. Already.

do you want to try to not explain how I've fallen over my own foot again or are you still avoiding answering it?

shortchanged_2

chucky wrote: »

What ever you like that explains this.

what is the level of Hess interest rates you claim, let's see what this average rate is.

http://www.dailymail.co.uk/news/article-2086068/Mortgage-costs-fall-time-low-average-monthly-repayment-drops-494-month.html

http://news.bbc.co.uk/1/hi/7711689.stm

This BBC one is from 2009 and I would wager that the number on fixed rates has dropped markedly since that graph 3 years ago and the SVR chunk has grown considerably and seeing as over the past few years most lenders SVR's have been very low by historic standards I think you can see my point.

chucky

shortchanged wrote: »

http://www.dailymail.co.uk/news/article-2086068/Mortgage-costs-fall-time-low-average-monthly-repayment-drops-494-month.html

http://news.bbc.co.uk/1/hi/7711689.stm

This BBC one is from 2009 and I would wager that the number on fixed rates has dropped markedly since that graph 3 years ago and the SVR chunk has grown considerably and seeing as over the past few years most lenders SVR's have been very low by historic standards I think you can see my point.

So from the table at the bottom of the BBC link the average SVR was around 4% to 4.5%. Pre 2007 the average mortgage rate was about 5%ish.

Remind me again how people are benefiting from these low rates that you claim.

shortchanged_2

chucky wrote: »

So from the table at the bottom of the BBC link the aversge SVR was around 4% to 4.5%. Pre 2007 the average morgate rate was about 5%ish.

Remind me again how people are benefiting from these low rates that you claim.

Because household incomes are now less?? Cost of living more??

chucky

shortchanged wrote: »

Because household incomes are now less?? Cost of living more??

Wrong answer.

I'll let Hamish explain that one to you.

shortchanged_2

chucky wrote: »

Wrong answer.

I'll let Hamish explain that one to you.

Oh OK chucky. Because you're always right.

You can let Hamish give it a go but why not give it a go yourself instead of spouting your usual insults?

chucky

shortchanged wrote: »

Oh OK chucky. Because your always right.

You can let Hamish give it a go but why not give it a go yourself?.

You claim people are benefiting from low rates and then you show a link that proves they're not benefiting from low rates.

It's you beng wrong (again) than me being right.

Is that clear enough for you or don't you understand (again)?

shortchanged_2

chucky wrote: »

You claim people are benefiting from low rates and then you show a link that proves they're not benefiting from low rates.

It's you beng wrong (again) than me being right.

Is that clear enough for you or don't you understand (again)?

Chucky please explain because I don't understand.

chucky

shortchanged wrote: »

Chucky please explain because I don't understand.

Re-read your posts, it might be clearer. If not ask Hamish, he's a nice guy. He'll explain it.