Comments by "Steph Foxwell" (@stephfoxwell4620) on "House price fall may make it 'MORE difficult' to get a mortgage says property expert" video.

  1. Sold house prices are up 16% in three years. 100% in 18 years. 9,000% in 55 years.
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  2. Great people in Suffolk. And that extra finger is always useful.
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  3. Based on historic prices since 1970, houses will take 26 years to double in value.
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  4. House prices have doubled seven times in 64 years. Average increase 4% pa.
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  5. 30% of our 28 million homes are single occupancy. Britain has more bedrooms than people.
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  6. There is so much more money about since the Tories borrowed and printed £2.7 trillion in 13 years.
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  7. Great Pianists.
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  8. The average house is ten times the value it was in 1980. And a hundred times the value it was in 1960.
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  9. You are correct Robert. The cost of buying a house over 25 years is in the same ratio to average income asit was in 2006 and in 1991.
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  10. 23 million private houses. 9 million mortgages. 7million on low fixed rates
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  11. Liechtenstein and Qatar.
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  12. Prices have fallen in only nine years since 1945. Nine times in 78 years.
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  13. Paul. You cant do maths. Renters have no equity. A £200,000 mortgage is likely a £250,000 house. In twenty years it will double in value to £500,000 and the mortgage reduce to £60,000. So the equity rises from £50k to £440k. £390,000 gain in 240 months £1,625 a month.
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  14. Paul. I am pointing to the hypocrisy of you ignoring the equity. House prices have doubled seven times since 1951. Every ten or so years. So doubling in twenty is half that rate. Actually I think it'll be nearer 24 years. I'm better at arithmetic than most maths graduates . I play a lot of darts.
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  15. Rubbish. Highest house price growth was 1970-1982 and 1987-90 when mortgage rates hit 13%. 1970 £4,800 1980 £27,000 1990 £63,000. Doubling every six years.
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  16. BoneTV. House prices are up 118% in twenty years 200% rise is since 1997.
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  17. They last 15 years then cost more to dispose of than to replace.
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  18. Restrictions on University expansion and more suitable housing for the elderly to downsize too would also help.
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  19. The Banks aim to make themselves our biggest landlords
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  20. A £200,000 loan over 25 years at 5% costs £125,000 in interest. Stamp duty and Solicitors/estate agents adds barely another 3%.
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  21. Kris. Nominal house price is only relevant to cash buyers. The crucial figure is total cost of capital, interest and fees over 25 years. Between 2000 and 2022 that doubled. But average income only rose 78%. Making houses 24% more expensive on average for those buying on a mortgage. However averages hide a lot. The poorest 40% never buy a house but the richest 5% buy two or three each.
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  22. And adjusted for inflation salaries are £600 a year lower than in 2008.
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  23. Robert. Most FTBs now need a ten per cent deposit. The average mortgage LTV in the UK is 58%. So in fact a £200k mortgage would be a house worth £345k. Making a £485,000 potential equity gain in twenty years. Over £2,000 a month.
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  24. Reducing the annual deficit is not paying it off. It is slowing the growth in total debt. Tories had a deficit ranging between £40 billion and £200 billion for 13 years.Even when shifting student debt off the books.
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  25. Isn't Norfolk webbed feet?
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  26. The deficit is still £140 billion a year. It most definitely was mot paid off by 2018, nor was there a surplus.
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  27. When the Tories came to power in May 2010. We owed £950 billion and £400 billion of QE. We have now added £1,700 billion to the national debt. £440 billion more QE.£200 billion of student debt. £700 billion of corporate debt. There has never been a surplus to pay off any deficit. Since 1957 there have been eight surpluses. Six were under Labour despite the Tories being in power 65% of the time
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  28. Minkie Winkie. The average interest rate since 1693 has been 4% . Before 1972 it was 3.6%.
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  29. Hitler's Willing Executioners came largely from the Lutheran tradition.
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  30. Wages don't buy houses. Wealth and I come do Average house price is 6.3 times income or 3.8 times joint income.
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