MSE News: House prices fell in July

FTBFun

Graham_Devon wrote: »

It's not really rubbish.

What's the point in getting a mortgage based on BOTH incomes, if you plan to have children, and (in all likeliness, for anyone under or around average wage) will be better off staying at home for a few years?

You've not left yourself a dual income mortgage to pay on one income and added another person to feed.

I know this won't happen, an dit's just a pipe dream, but the whole debt situation and living standards / happiness would be a shed load better if most of us didn't have debt nooses around our necks and we able to go out, enjoy our family, support the local economy etc.

Brit isn't referring to mortgages, rather the difference between asking and selling prices - he's alluding to offering 30% less than asking which isn't the mark of a serious buyer.

ukcarper

Graham_Devon wrote: »

It's not really rubbish.

What's the point in getting a mortgage based on BOTH incomes, if you plan to have children, and (in all likeliness, for anyone under or around average wage) will be better off staying at home for a few years?

You've not left yourself a dual income mortgage to pay on one income and added another person to feed.

I know this won't happen, an dit's just a pipe dream, but the whole debt situation and living standards / happiness would be a shed load better if most of us didn't have debt nooses around our necks and we able to go out, enjoy our family, support the local economy etc.

There are enough articles doing the rounds about parents dreading the school holidays as they simply cannot afford to do anything now, as they have taken reductions in earnings, part time jobs etc etc and everything costs so much.

Did you actaully read the post I was responding to? and that post was rubbish.

Turnbull2000

J_i_m wrote: »

... So... What about billy no mates with no wife and just a single outcome, what does he do? Is he not supposed to own a house?

Rent, or remain at home for for five or six more years to build up a large deposit.

Turnbull2000

brit1234 wrote: »

You forgot those selfish couples who decide for some unknown reason want to have children. They too should be banned from home ownership. We don't want the UK population to have kids so that we can always have 2 people working to keep house prices inflated.

Single earning households with children usually receive substantial income top-ups through tax credits and child benefit. If you pop into the benefits forum, you'll see this can amount to several hundred pounds per month.

brit1234

ukcarper wrote: »

Did you actaully read the post I was responding to? and that post was rubbish.

So what is the difference between asking prices and selling prices? The link says about 30%, the figures say about 30%.

Originally Posted by FTBFun Brit isn't referring to mortgages, rather the difference between asking and selling prices - he's alluding to offering 30% less than asking which isn't the mark of a serious buyer.

I say it is not the mark of a serious seller, they will just be left on the market for years.

http://www.youtube.com/watch?v=9juH_LyDdy8&feature=player_embedded

Mortgage lending has tightened up, its not brain science that people won't get as much as the peak of the bubble 2007-08 when people can't borrow as much or lie about their wages any more.

ShAnE

Turnbull2000 wrote: »

Rent, or remain at home for for five or six more years to build up a large deposit.

He probably still won't be able to afford a home, because all his income goes towards his pension, and then the pension of the middle aged couple next door who are off to the Caribbean next month because their mortgage is only £300 a month.

RenovationMan

Graham_Devon wrote: »

ukcarper wrote: »

brit1234 wrote: »

It does not sound a silly offer to me. selling prices are 30% below asking prices. You were offered 16.5% under asking.

It seems strange that you want more for your house and not prepared to be realistic for your sale but at the same time saying you have a cheaper price for a bigger/better house you want to buy compared to the one you want to sell.

Sellers need to get realistic or simply not sell.

You know that is rubbish so why do you keep saying it.

It's not really rubbish.

What's the point in getting a mortgage based on BOTH incomes, if you plan to have children, and (in all likeliness, for anyone under or around average wage) will be better off staying at home for a few years?

You've not left yourself a dual income mortgage to pay on one income and added another person to feed.

I know this won't happen, an dit's just a pipe dream, but the whole debt situation and living standards / happiness would be a shed load better if most of us didn't have debt nooses around our necks and we able to go out, enjoy our family, support the local economy etc.

There are enough articles doing the rounds about parents dreading the school holidays as they simply cannot afford to do anything now, as they have taken reductions in earnings, part time jobs etc etc and everything costs so much.

LOL. What medication is Devon on these days! What's even funnier is that two of his 'thank' buddies thanked him for such a ridiculous post. :rotfl::rotfl:

As I've said before, Devon should [STRIKE]talk[/STRIKE] type less and [STRIKE]listen[/STRIKE] read more.

J_i_m

Thing with house prices.. There's always going to have to be some compromise on both sides. Now obviously an vendor can't be expected to subsidise a ridiculously low price which could be significantly below market rates... Yet equally there is a need for some realism in that if they're holding out for an out of date asking price for the current state of the market.. then they're probably not going to find any buyer willing to pay or any lender willing to bank roll it either.

My position is (as remarkable as it may seem to others) that I simpy want to be able to afford to buy myself a home. I'm not interested in profit ilregardless if it's my profit or someome else's. So if someone is hoping to make a handsome profit out of me because they want to massively upgrade... then they're probably going to be dissapointed.

ukcarper

brit1234 wrote: »

So what is the difference between asking prices and selling prices? The link says about 30%, the figures say about 30%.

I say it is not the mark of a serious seller, they will just be left on the market for years.

http://www.youtube.com/watch?v=9juH_LyDdy8&feature=player_embedded

Mortgage lending has tightened up, its not brain science that people won't get as much as the peak of the bubble 2007-08 when people can't borrow as much or lie about their wages any more.

You know you are comparing chalk with cheese. Therefore you can’t draw the conclusions you do.

Link me to some figures if you can

Turnbull2000

brit1234 wrote: »

Mortgage lending has tightened up, its not brain science that people won't get as much as the peak of the bubble 2007-08 when people can't borrow as much or lie about their wages any more.

You'll just have fewer buyers to match price demands, that's all. If people can't shift their property, they'll either stay where they are and possibly enjoy the lowest interest rates in history, or rent it out and buy. In fact, other than some post crunch market panic, that's pretty much what's been happening since late 2008.