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Debate House Prices


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House price question

124

Comments

  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    mr.broderick wrote: »
    I'd like to think i had nearly half a brain and i bought a house in december.

    :rotfl::rotfl::rotfl:
    poppy10
  • carolt
    carolt Posts: 8,531 Forumite
    Absolutely true.

    Mustn't warn people on a moneysaving site not to waste money; that would be quite wrong.

    Because some others on the moneysaving site might lose lots of money. Better shut up those who threaten their wealth. Sod the new guys. It's their fault for getting there too late.
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    carolt wrote: »
    Absolutely true.

    Mustn't warn people on a moneysaving site not to waste money; that would be quite wrong.

    Because some others on the moneysaving site might lose lots of money. Better shut up those who threaten their wealth. Sod the new guys. It's their fault for getting there too late.

    Ok..Op dont buy now they are gonna crash cause carol says so, so in 2 years time and if they haven't you can blame her and her merry band.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    carpmaster wrote: »
    I can't see why you're worrying about paying £173,000, when the surveyor thinks it's only worth £170,000. What's £3000?

    £3k is an awful lot of money, in my book. 30 years' TV licence, for example. 2 months' post-tax income for people with a good job.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    mr.broderick wrote: »
    I'd like to think i had nearly half a brain and i bought a house in december.

    We all have our little delusions, don't worry.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • tr3mor
    tr3mor Posts: 2,325 Forumite
    HMCma wrote: »
    There is certainly signs of returning to 90% loan to value and some restrictions on income multiples. However, 40% is a significant drop to be suggesting.

    Let's take a couple with a £10k deposit.

    12 months ago - take out a 95% mortgage for £200,000.

    Now they can only find 90% mortgages and as such can only afford £100,000.

    That is a significant drop! :p
  • Zammo
    Zammo Posts: 724 Forumite
    mr.broderick wrote: »
    I'd like to think i had nearly half a brain and i bought a house in december.
    These kind of posts really worry me as they are influencing people who are buying at the moment. Hey we all know the market isn't great but posts like these really need to be looked at by the mods.

    You bought in December?!!! No wonder you're so vociferous in your defense of everlasting HPI Broderick. I don't think you should be posting here as you have a vested interest in prices remaining high and you are influencing others to make probably the biggest financial mistake of their lives by buying just off the peak of the largest asset bubble in history. The mods need to take a serious look at the bad advice you're posting.

    And if you bought in December then you have very much less than half a brain. We were almost 4 months into the biggest financial crisis this country has seen for 70 years !!!!!!.
  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Zammo wrote: »
    And if you bought in December then you have very much less than half a brain. We were almost 4 months into the biggest financial crisis this country has seen for 70 years !!!!!!.

    But nelly bought last month, and he's certainly no mug.
    poppy10
  • m00m00
    m00m00 Posts: 1,755 Forumite
    but nelly is relaxed about price falls, and doesn't feel the need to troll in nearly every thread saying nothing of value.
    It's a health benefit ...
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    tr3mor wrote: »
    Let's take a couple with a £10k deposit.

    12 months ago - take out a 95% mortgage for £200,000.

    Now they can only find 90% mortgages and as such can only afford £100,000.

    That is a significant drop! :p
    5% of £200,000 isn't £100,000
    Happy chappy
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