Chart of the day

[AtW]

Atw, you twat, the average repossession rate in this country is about 30000 a year.

Have a look at the chart you retard -- perhaps you will see the difference in repo rates last and this year.

[snaw]

"Only for overextended people "

Umm - let's say you bought a house at 3.75 and it's gone up by 1.75. You're paying £1000 a month and it's now gone up pretty much by to £1500 a month - that's pricey for anyone. Of course repos go up because yes, some people are overextended.

You originally implied that repos weren't linked to interest rates, now I've no idea what you're trying to say apart from squirming out of a dumb comment and once again trying to prove how much cleverer you are than anyone who actually, god forbid, bought a house. You rock

Repos go up with interest rates, time delayed, and if interest rates do indeed hit double figure then a lot of people are in trouble - but I don't see that happening, especially not based on some poxy little chart pulled out of context by your good self.

[AtW]

Umm - let's say you bought a house at 3.75 and it's gone up by 1.75. You're paying £1000 a month and it's now gone up pretty much by to £1500 a month - that's pricey for anyone.

And what that person thinking when buying house at 3.75 - that the rate will be at its lowest value forever?

By the way morgage rates are typically higher than BoE rate - this means that 1.75% increase was actually on a higher number than 3.75%, thus representing smaller overall increase.

How is your morgage doing anyway?

[sasguru]

You miss the point, yet again, my good friend. When a particular staistical base is low it doesn't take much to make what seems like a dramatic rise. The point is that 20000 repos is less than the long-term statistical average of 30000.

[DimPrawn]

Doomed I tell yer.

[AtW]

You miss the point, yet again, my good friend.

Are you aware of thing called "trends"? When you see some number skyrocket from relatively low base, what do you say - its okay, its still lower than some high figure in the past or you close all latches and prepare to weather a MAJOR Category 6 storm?

[sasguru]

For a supposedly clever guy, you're a bit thick. Obviously no statistical education.
There's a difference between a spike and a trend. The spike may yet turn to a trend but the time span isn't enough to say.
To cope with the "storm", if I was you, I would shut the dormer window in my bedsit, fill the cracks with old copies of the Sun and hide under the duvet on my single bed
Personally I am going hunting for property 4 this weekend.

[Lucifer Box]

Clearly the only answer is to raise taxes and introduce more laws. You need to start thinking the NL way.

[Denny]

thunk it?

Thought it.

[AtW]

For a supposedly clever guy, you're a bit thick. Obviously no statistical education.

I have enough brains not to buy overpriced house.