news & politics:discussion

[Neil]

Just now, fraybentos1 said:

I said 15-20 percent. By 2008 I was obviously referring to the period around the financial crash.

didn't hit 20% even when the time frame is expanded into half of 2009.

so you exaggerated - bullshitted.

[Guest]

2 minutes ago, Neil said:

if you're right i look forwards to hearing youngsters saying how cheap and easy it is to buy a house now.

Young people and anyone looking to buy their first property will find it very hard because house prices are high and borrowing is now much more expensive. If you are looking to get on the property ladder then ideally you want your repayments to be as low as possible so you can afford them.

The Tories haven’t built enough houses in the last decade which is one of the biggest reason why house prices are so high. The housing crises is on them, yet I don’t see your friends anger directed towards them…

[Skip997]

1 minute ago, Ozanne said:

The Tories haven’t built enough houses in the last decade which is one of the biggest reason why house prices are so high. The housing crises is on them, yet I don’t see your friends anger directed towards them…

I'd put as much blame on second home owners and buy to let bastards.

[fraybentos1]

9 minutes ago, Neil said:

didn't hit 20% even when the time frame is expanded into half of 2009.

so you exaggerated - bullshitted.

I said 15 to 20 
 

https://amp.theguardian.com/money/2009/jan/06/house-prices-fall-in-december

there you go 16 percent in 2008 according to the guardian Via nationwide. No apology necessary

[fraybentos1]

7 minutes ago, Ozanne said:

Young people and anyone looking to buy their first property will find it very hard because house prices are high and borrowing is now much more expensive. If you are looking to get on the property ladder then ideally you want your repayments to be as low as possible so you can afford them.

The Tories haven’t built enough houses in the last decade which is one of the biggest reason why house prices are so high. The housing crises is on them, yet I don’t see your friends anger directed towards them…

Love how your  brain can’t even comprehend there might be a correlation between those low interest rates and high house prices. 

[Guest]

15 minutes ago, Skip997 said:

I'd put as much blame on second home owners and buy to let bastards.

Yeah that’s true, they certainly don’t help matters but it’s still the government that don’t build enough houses and then put enough measures in place to help regular folk. 

[lazyred]

Tory mp arrested for rape

https://www.bbc.co.uk/news/uk-politics-67233090

 

[fraybentos1]

1 hour ago, fraybentos1 said:

I said 15 to 20 
 

https://amp.theguardian.com/money/2009/jan/06/house-prices-fall-in-december

there you go 16 percent in 2008 according to the guardian Via nationwide. No apology necessary

 

15 minutes ago, Barry Fish said:

There was a fall...   you are just denying facts 

the deafening silence after my post is as close as you'll get to an apology from neil

[Skip997]

49 minutes ago, lazyred said:

Tory mp arrested for rape

https://www.bbc.co.uk/news/uk-politics-67233090

 

Conservative MP Crispin Blunt has confirmed that he was arrested on Wednesday in connection with an allegation of rape.

https://www.bbc.co.uk/news/uk-politics-67233090

[steviewevie]

 

[Neil]

2 hours ago, Ozanne said:

Young people and anyone looking to buy their first property will find it very hard because house prices are high and borrowing is now much more expensive. If you are looking to get on the property ladder then ideally you want your repayments to be as low as possible so you can afford them.

The Tories haven’t built enough houses in the last decade which is one of the biggest reason why house prices are so high.

Prices aren't going to drop enough to change that.

 

2 hours ago, Ozanne said:

 

The housing crises is on them, yet I don’t see your friends anger directed towards them…

Too few houses have been built going right back to Thatcher in the eighties.

[Neil]

1 hour ago, fraybentos1 said:

 

the deafening silence after my post is as close as you'll get to an apology from neil

No apology necessary, I gave you the govt data you went to find something to back up your bullshit.

The silence was due to a bit of a medical emergency.

[Neil]

4 minutes ago, steviewevie said:

 

Wonder how soon the Tories will lose their majority at the rate they're losing MPs.

[Neil]

1 hour ago, fraybentos1 said:

 

the deafening silence after my post is as close as you'll get to an apology from neil

You're really not that important. Or that knowledgeable. I look forward to you showing me people celebrating how easy its become to buy a house.

[Neil]

I'll just point out that in the good old days when it was easy to buy a house ( never easy always just out of reach) I needed to lie about my income (which everyone I know had to do) and also get a hooky 110% mortgage.

[fraybentos1]

so you're maintaining that there was no crash in 2008 🤣 mental how wrong you are about everything

 

13 minutes ago, Neil said:

I'll just point out that in the good old days when it was easy to buy a house ( never easy always just out of reach) I needed to lie about my income (which everyone I know had to do) and also get a hooky 110% mortgage.

how much did you earn at that time? andwhat year was it?

Edited October 26, 2023 by fraybentos1

[Neil]

2 hours ago, fraybentos1 said:

Love how your  brain can’t even comprehend there might be a correlation between those low interest rates and high house prices. 

similar to the correlation of "you can buy a house so you're the cause of high prices".

[Neil]

4 minutes ago, fraybentos1 said:

so you're maintaining that there was no crash in 2008 🤣 mental how wrong you are about everything

 

how much did you earn at that time? andwhat year was it?

at the time i earned around £35k,  and the year would have been around1989.

 

there was no meaningful crash in 2008, not enough to stop people complaining that houses were unaffordable. to make a real difference to prices the number of repossessions needs to be high as was the early 90s.

[fraybentos1]

9 minutes ago, Neil said:

at the time i earned around £35k,  and the year would have been around1989.

You earned 35k and average house prices were 60k at the time but you needed to lie about your income and get a 110% mortgage 🤣🤣

I don't think you're very good with money Neil.

 

11 minutes ago, Neil said:

there was no meaningful crash in 2008

it was objectively a crash, dont care what you make up

 

[Neil]

1 minute ago, Barry Fish said:

You struggled to by a house in 1989 on £35k ?   

 

i didn't say i struggled, i said i needed to lie about my income and get a hooky mortgage - all very standard back then.

 

1 minute ago, Barry Fish said:

You don't think a 16% average drop is meaningful ?  I remember that time and people where moaning like f**k about being trapped in negative equity etc.  

i can remember lots of stuff about how people weren't handing keys back like they had in previous recessions. and i don't remember negative equity moans like i remember from the 90s.

(i worked in the building trade back then, so tended to know what was going on with housing.

[fraybentos1]

5 minutes ago, Barry Fish said:

You struggled to by a house in 1989 on £35k ?   

You don't think a 16% average drop is meaningful ?  I remember that time and people where moaning like f**k about being trapped in negative equity etc.  

Yeah this is mental, his house would have been like 2 times his income. He's a compulsive liar 

[fraybentos1]

Just now, Neil said:

i didn't say i struggled

 

Just now, Neil said:

i said i needed to lie about my income and get a hooky mortgage

🤣🤣🤣🤣

[Neil]

1 minute ago, fraybentos1 said:

You earned 35k and average house prices were 60k at the time but you needed to lie about your income and get a 110% mortgage 🤣🤣

I don't think you're very good with money Neil.

i spent £79,500k on that house and borrowed the least possible I think interest rates were about 9% when i took the mortgage out (and 9% is unaffordable in today's terms).

 

and yes, you're right i was sh*t with money back then which is how come that house got repossessed.

 

1 minute ago, fraybentos1 said:

 

it was objectively a crash, dont care what you make up

 

it wasn't a crash anything similar to early 90s.

[Neil]

4 minutes ago, fraybentos1 said:

 

🤣🤣🤣🤣

it wasn't a struggle to do the income lie, or find a hooky mortgage - those things were  very standard at the time. everyone was doing it, and it exposes the truth that houses were never an easy purchase.

[Guest]

53 minutes ago, Neil said:

Prices aren't going to drop enough to change that.

 

Too few houses have been built going right back to Thatcher in the eighties.

Prices aren’t going to change by enough, you are right. So with prices staying high and the cost of borrowing going up then it’s only going to make things harder for people to buy their place.

What we need is a government that will build lots more houses, low interest rates to help people afford their mortgages and measures out in place to prioritise regular home owners over landlords.