MSE News: House prices climbed in October, says latest report

Graham_Devon

Really2 wrote: »

But I was right, if your equity goes to less than 10% you would not be able to move or buy the other half as you would not get a mortgage.

You are kidding yourself if you think SO can't fall by more than the general market.
Same as any other market it relies on the demand to support the price.

No. Your crystal ball is letting you down again. Firstly, I've already said, I'm never ever going to by the other half. so that's irrelevant.

Secondly, read post 15 onwards (only a few posts). Can't be bothered typing it all out again.

But once again, just ask, don't assume and make a factual statement.

https://forums.moneysavingexpert.com/discussion/2787318

As for SO. Demand is always high, and is higher now, as people cannot get mortages for large amounts, but can get mortgages for smaller amounts. It does depend on whether the lender is happy to lend on SO, but as the government is currently pushing it, I don't fear too much.

The above is exactly the reason SO is overvalued. Because more people can get the funds...though there are issues surround who they will accept. I was lucky. Got one no one else wanted...didn't even have a functioning kitchen....if the house I have was functional when I bought it, I'd never have got it as someone else would have snapped it up.

Really2

Graham_Devon wrote: »

No. Your crystal ball is letting you down again. Firstly, I've already said, I'm never ever going to by the other half. so that's irrelevant.

Secondly, read post 15 onwards (only a few posts). Can't be bothered typing it all out again.

But once again, just ask, don't assume and make a factual statement.

https://forums.moneysavingexpert.com/discussion/2787318

Sorry never read that, Good to see another mortgage holder being able to save 30-40% deposit while owning a house (or part of one).

So much for no good paid jobs near you and houses being over valued.

Shame you need another new car though, what happened to the one you purchased with your winnings or was that a long time ago?

chucky

Graham_Devon wrote: »

Most people have to save first.

All you can do is position yourself the best you can and hopefully prosper from those savings.

It would be lovely if we could all just say "right, markets good, I'll buy in". But most people have to save the funds to do so.

It's not quite as simple as "get in" or "watch it go by".

when i say "watch it go by", it means prepare yourself for the right opportunities to come along and take it not waffle on about house prices are too high.

most people don't know if their opportunity is a good one or a bad one until years after the event so i'm not sure how anyone could know if it's good or bad before they buy - it doesn't make sense.

Graham_Devon

Really2 wrote: »

Sorry never read that, Good to see another mortgage holder being able to save 30-40% deposit while owning a SO.

So much for no good paid jobs near you and houses being over valued.

Shame you need another new car though, what happened to the one you purchased with your winnings or was that a long time ago?

I'm trying to discuss politely, adult to adult. Please remember what you said earlier on this thread.

Invitation to carry on discussing is open, but all I can do is try. Up to you whether you wish to reciprocate.

I've never ever said there are no good jobs near me, only shown what the average wage is. Again, I can link up to posts to show this if you wish. I've also said I'm lucky enough to get paid a good wage, which I'm thankful for, which I can also link up to. I don't think you need me to however, instead, you could stop making factual statements that are wrong (for the third time) or purposely misleading.

Please?

Really2

Graham_Devon wrote: »

I'm trying to discuss politely, adult to adult. Please remember what you said earlier on this thread.

Invitation to carry on discussing is open, but all I can do is try. Up to you whether you wish to reciprocate.

I've never ever said there are no good jobs near me, only shown what the average wage is.

I can't help it if I find it ironic you say people cant afford houses and you want them to drop.
You also say not many people earn the average wage of £25K
And that people cant afford thier mortgages etc.

But you then go on to say you own part of a house, are able to save up to 30% to 40% deposit for a new house while living in it and are paying a mortgage and rent.

So sorry, you seem to be doing rather well, so your views seem to compleatly conflict with your own life.

If you are ok and can do all this what makes you think so many others can't either?

Graham_Devon

Really2 wrote: »

I can't help it if I find it ironic you say people cant afford houses and you want them to drop.
You also say not many people earn the average wage of £25K
And that people cant afford thier mortgages etc.

But you then go on to say you own part of a house, are able to save up to 30% to 40% deposit for a new house while living in it and are paying a mortgage and rent.

So sorry, you seem to be doing rather well, so your views seem to compleatly conflict with your own life.

If you are ok and can do all this what makes you think so many others can't either?

Because I don't believe in "I'm alright Jack".

Just because I'm not getting less than average and can afford to save some money each month, doesn't mean the fact that plenty of others cannot, and house prices are way out of sync with wages is completely alien to me.

I'm not average, there are people way better off, and people way worse off. Can see past my own personal circumstances.

chucky

Graham_Devon wrote: »

I'm trying to discuss politely, adult to adult

tbf to Really, you can't turn up today and say that when you carry on the way you do.

i'm fine whichever way you are - just amusing that you've changed your tune...

Graham_Devon

Well I'm off for a while. ISTL will have a hernia if we carry on and this thread gets any larger. So I'm doing my bit and dropping out.

Really2

Graham_Devon wrote: »

Because I don't believe in "I'm alright Jack".

Just because I'm not getting less than average and can afford to save some money each month, doesn't mean the fact that plenty of others cannot, and house prices are way out of sync with wages is completely alien to me.

I'm not average, there are people way better off, and people way worse off. Can see past my own personal circumstances.

At last we can agree on what an average is and that the average full time wage is not made up.:j

I am so glad we had this conversation GD, as you can now see that there are people above and below an average as you are one of the above.
That is what makes an average.

I can see past my own circumstance? but if you can why not open your eyes when good data comes out.
There are not just a hand full over average their are millions of them.

I glad you had this revalation, looks like you will not be coming out with the same stuff all the time any good data comes out.

The other thing could be is that is your own view taints how bad things are for so many? Yes some are suffering but the UK housing market and its ability to stay up must tell you something about how bad things really are for so many?
Or that their is still actually a lot of demand for housing and building more is the only real solution to get housing affordable.

Generali

neverdespairgirl wrote: »

Well, I'm confused! I suppose it does indeed show that Generali is right - monthly figures are noise.

They are. There are too many short-term factors involved, even just stuff like the weather or the number of weekends in the month.

If you look over a year (my preferred) or use the smoothed figures like Haliwide do you get a much better picture of the trend.