House Price Crash Discussion Thread

adr0ck

13thearl wrote: »

In fact there actually are more homes now.

doh

well thats pretty obvious

what is true though (and slightly less obvious) is that we build a lot less new homes a year now than we did 20 years ago

adr0ck

nelly wrote: »

No he's not he wants to flog it but builders like a lot of other people are greedy scum and over the last few years have got away with it......however that particular party is over. Only the extremly clever are gonna make money out of houses these days and even then they will strugle.

i take it that you mean everyone who is in business is greedy scum then?

Including Martin Lewis

WTF?_2

adr0ck wrote: »

i take it that you mean everyone who is in business is greedy scum then?

Including Martin Lewis

I'd love to know how you made the amazing cognitive jump from 'a lot of people selling overpriced houses right now are greedy' to 'everyone is business is greedy'.

:rolleyes:

adr0ck

i didn't

i would love to know how you managed the cognitive jump from

a lot of people selling overpriced houses right now are greedy

from

builders like a lot of other people are greedy scum

:rolleyes:

nelly_2

adr0ck wrote: »

i didn't

i would love to know how you managed the cognitive jump from

a lot of people selling overpriced houses right now are greedy

from

builders like a lot of other people are greedy scum

:rolleyes:

Yeah er actually moron. YOU took it from 'like a lot of other people' to every one in business

And why you had to be even more childish and add the martin lewis thing?? christ knows why.

You have invented two things too come up with a non argument

You are a moron!

adr0ck

i'm the childish one yet your calling me names :rolleyes:

adr0ck

nelly wrote: »

Yeah er actually moron. YOU took it from 'like a lot of other people' to every one in business

And why you had to be even more childish and add the martin lewis thing?? christ knows why.

You have invented two things too come up with a non argument

You are a moron!

not everyones in business

merlinthehappypig

merlinthehappypig wrote: »

Excellent and thoughtful post codger. This thread is starting to turn back into a sensible and informed discussion after some hiccups.

I spoke too soon, seemingly.

chappers

ixwood wrote: »

It matters as come remortage time, you won't be able to and get stuck on some hideous SVR.

What happens if due to price falls, peoples LTV dont meet the critera anymore? Do they have to cough up cash to restore the ratios? I'm sure I read somehwere, that's what could happen to BTLers at least.

Agree you won't have access to the full market, but you will be able to take another product with your existing lender as this will not be underwritten or subject to a valuation, maybe a good reason not to be taking short term deals, if you are operating close to your limits. If you think that interest rates are going to fall then why take a fixed deal(take a tracker or capped), if you think they are going to rise significantly then taking a short fixed deal only puts off the price rise, if you are considering a fixed deal for budgeting reasons and cash is tight and you have no reason to believe your financial situation will improve then you should probably be looking at a longer term deal anyway.
In my opinion short fixed deals are just a way of making brokers more commission, many times the fees outweigh the benefits over such a small time.

adr0ck

nelly wrote: »

Yeah er actually moron. YOU took it from 'like a lot of other people' to every one in business

And why you had to be even more childish and add the martin lewis thing?? christ knows why.

You have invented two things too come up with a non argument

You are a moron!

I asked a question? i didn't make a statement...it was a question

do you call everyone a moron who asks you a question?

personally I think you should look in a mirror before calling people a moron next time