House prices up? But asking prices are falling!

p1212

ukcarper wrote: »

It's funny you are the only one who has an understanding.

The problem is the overall earnings to price ration is irrelevant as when there are insufficient properties it's the earnings to price ration of those that are buying that is relevant. I agree it would be better if the more people could buy but that in itself will not make it happen. The government and already putting it measures to make BTL less attractive and hopefully reduce demand but if they succeed I don't think prices will fall that far as there are plenty of people who just priced out who at slightly lower prices would be able to buy.

I am talking about nationwide first time buyers price/earnings ratio. Just read it back, I did link it many times.

lol I think no one wants to start his mortgage with negative equity, so they will be very careful buying in when prices are falling.

Actually a lot of buyers are waiting even now, transaction numbers dropped 5%. Funny thing is that we still don't have any data about approvals and price per area, I am sure that in London that 5% is actually much more, but they keep it themselves...

Jack_Johnson_the_acorn

p1212 wrote: »

Sorry I am not interested enough.

:rotfl::rotfl::rotfl::rotfl:

Of course you don't.

Or is it because you where talking absolute bees wax????

ukcarper

p1212 wrote: »

I am talking about nationwide first time buyers price/earnings ratio. Just read it back, I did link it many times.

lol I think no one wants to start his mortgage with negative equity, so they will be very careful buying in when prices are falling.

Actually a lot of buyers are waiting even now, transaction numbers dropped 5%. Funny thing is that we still don't have any data about approvals and price per area, I am sure that in London that 5% is actually much more, but they keep it themselves...

The nationwide ftb earnings to price ratio uses mean gross earnings in region not FTB earnings.

p1212

ukcarper wrote: »

The nationwide ftb earnings to price ratio uses mean gross earnings in region not FTB earnings.

Then show me a better one.

ukcarper

p1212 wrote: »

Then show me a better one.

I don't need to, try to understand the significance of that post in relation to other post I made on the subject