news & politics:discussion

[Neil]

3 minutes ago, fraybentos1 said:

Read my post about anecdotes not data. You’ve provided 0 data as per just your opinion.

An opinion shown as accurate by Barry's comment.

[Neil]

7 minutes ago, fraybentos1 said:

Read my post about anecdotes not data. You’ve provided 0 data as per just your opinion.

Barry's anecdotal IS data.you just won't accept it cos it says you're wrong.

[Neil]

8 minutes ago, Barry Fish said:

I like the way earlier today I had sawdust for brains and now I am source of all truth.  Stop quoting me lol.  Stand on your own opinions.

My opinion was that some people would choose to not sell.

[fraybentos1]

13 minutes ago, Barry Fish said:

My mortgage would jump by something like £700 if I moved to the a house of the same value.  No one is signing up for that unless forced.

Everyone’s gonna end up on the higher rates eventually. Thousands every month.

 

3 minutes ago, Neil said:

My opinion was that some people would choose to not sell.

yeah and ‘some people’ is irrelevant. Bring some actual numbers or shut up

[lost]

I think we will retrace the COVID gains probably in real rather than nominal terms as wage inflation appears to be staying quite high currently.

[steviewevie]

I think we should get back to less divisive issues like the middle east.

[Neil]

1 hour ago, fraybentos1 said:

Everyone’s gonna end up on the higher rates eventually. Thousands every month.

 

yeah and ‘some people’ is irrelevant. Bring some actual numbers or shut up

its much more relevant than your claim it wouldn't happen - numbers: i know of three people not selling cos of price falls. the actual numbers nationwide will be much bigger.

[fraybentos1]

Just now, Neil said:

its much more relevant than your claim it wouldn't happen - numbers: i know of three people not selling cos of price falls. the actual numbers nationwide will be much bigger.

When did I claim it wouldn't happen? Obviously some people will choose not to sell but the data clearly shows that the number of properties for sale has risen drastically whilst demand is down. Hence lower prices. 

Neil I don't care about who you know and what they're doing, please stop mentioning it as if it means anything.

[Guest]

Sadly any fall in house prices probably won’t be that helpful to anyone wanting to buy their first place or move up the ladder as the BoE have made borrowing so much more expensive and house prices are still far too high. People just are going to find it harder to afford mortgages on top of everything else costing a lot more. Unless you can put together a larger deposit then it’s going to be very difficult!

[Neil]

6 minutes ago, fraybentos1 said:

Neil I don't care about who you know and what they're doing, please stop mentioning it as if it means anything.

stop dismissing what's happening like you understand the market.

[fraybentos1]

27 minutes ago, Neil said:

stop dismissing what's happening like you understand the market.

I understand it a lot more than you. You’ve offered nothing at all in terms of actual data so I suggest you wind your neck in. 

[fraybentos1]

What’s happening is house prices are gonna continue to drop and this is a good thing.

[Neil]

13 minutes ago, fraybentos1 said:

I understand it a lot more than you. You’ve offered nothing at all in terms of actual data so I suggest you wind your neck in. 

I gave a detailed analysis you said some was wrong. And Barry has proven you wrong. You hate it that you've made yourself look thick.

[Neil]

13 minutes ago, Barry Fish said:

The biggest blocker to buying a house for a first time buyer is the deposit.  The affordability of the mortgage isn't really a factor as most people are paying rental rates of similar amounts.  So lower house prices will help as the deposit required will be less.

The only thing for debate is how much prices will fall, for how long, and how wide spread.

For two years according to what I referenced.

[Neil]

16 minutes ago, fraybentos1 said:

What’s happening is house prices are gonna continue to drop and this is a good thing.

They're not going to drop by much without something else affecting the market.

[fraybentos1]

26 minutes ago, Neil said:

I gave a detailed analysis you said some was wrong. And Barry has proven you wrong. You hate it that you've made yourself look thick.

Detailed analysis being an anecdote about people you know followed by an anecdote from Barry 

[fraybentos1]

24 minutes ago, Neil said:

They're not going to drop by much without something else affecting the market.

No idea what this means. Probs cause it means nothing 

[Neil]

3 minutes ago, fraybentos1 said:

No idea what this means. Probs cause it means nothing 

Because you're too stupid to know anything. Prices will stay the same if interest rates hit ten pc.

[fraybentos1]

5 minutes ago, Neil said:

Because you're too stupid to know anything

Imagine typing this 

5 minutes ago, Neil said:

Prices will stay the same if interest rates hit ten pc.

Then following it up with this 😂

[Neil]

2 minutes ago, fraybentos1 said:

Imagine typing this 

Then following it up with this 😂

The real stupidity was you not getting it in my previous post, or you thinking sellers are as keen to sell at a lower price. As they are a high price.

[fraybentos1]

2 minutes ago, Neil said:

thinking sellers are as keen to sell at a lower price. As they are a high price.

Most people don’t have a choice to wait. You’re focussing on those that can and avoiding the deaths,divorces, marriages, job changing, job losses which necessitate selling their house. I never said anyone was keen to sell cheaper than they want but sellers don’t get to choose. It’s a buyers market now 

[fraybentos1]

59 minutes ago, Barry Fish said:

The biggest blocker to buying a house for a first time buyer is the deposit.  The affordability of the mortgage isn't really a factor as most people are paying rental rates of similar amounts.  So lower house prices will help as the deposit required will be less.

The only thing for debate is how much prices will fall, for how long, and how wide spread.

In Scotland we have to make up the difference between the value of the home report and the actual value it sells for in cash, can’t come out the mortgage. It’s a daft system but often means you need an additional 10 % over your deposit as the bank won’t lend you it. 

[fraybentos1]

14 minutes ago, Barry Fish said:

If the home report values it less then surely you would ask the seller to reduce the price?

In England a mortgage company won't give you more than the valuation.  That's the point of the valuation.  I presume by home report you mean valuation report.

It’s different in Scotland, home report is done by the seller. It’s offers overs over system here so essentially every property goes for above asking price by a lot and most go over the home report. Just the way it works up here. 

[fraybentos1]

10 minutes ago, Barry Fish said:

So I am confused...

Just been reading that the home buyers report contains a valuation.  So in England we also have to get a valuation done for the mortgage company mainly.

So in Scotland, which valuation report does the mortgage company use ?   I presume they don't do their own and use the one in the home buyers report ?   or do you pay the mortgage company to do a second one just for them ? 

They use the one in the home buyers report and won’t lend above that value. It’s dumb. 
 

you don’t have a choice but to pay over the home report value if you want a good house 

[fraybentos1]

11 minutes ago, Barry Fish said:

So I am confused...

Just been reading that the home buyers report contains a valuation.  So in England we also have to get a valuation done for the mortgage company mainly.

So in Scotland, which valuation report does the mortgage company use ?   I presume they don't do their own and use the one in the home buyers report ?   or do you pay the mortgage company to do a second one just for them ? 

So a house is on right move for offers over 200k, it’s actual home report value is say 220k and it’ll probs go for 10 % over that. Mental