azal777 Posted February 15, 2018 Share Posted February 15, 2018 Actually a sobering statistic then as it’s quite plausible 2 years down the line, the honeymoon deal over, having to remortgage, and potentially the market turning south. anything even remotely like 2007 and some serious negative equity. Usually with sliding property prices come higher unemployment and things get very desperate. Then the landlords that have exited the market a while ago saving their bundles come in and scoop up again, some of the those victims being those who paid the greatest premiums. A never ending repeat cycle as I see it. It’s great news ftb are able to buy again but not now, save your cash and wait, don’t be an unnecessary victim. Quote Link to comment Share on other sites More sharing options...
winkie Posted February 15, 2018 Share Posted February 15, 2018 5 hours ago, maffo in oxford said: Kidlington A perfectly reasonable, non (ex-)council semi : https://www.zoopla.co.uk/for-sale/details/45535506?search_identifier=756a6cb8312b40a06f9d936c01370b39 Would have been £350k+ two years ago. Know Tackly and Woodstock well........just up the road. Quote Link to comment Share on other sites More sharing options...
Sawitcoming Posted February 15, 2018 Share Posted February 15, 2018 On 14/02/2018 at 10:48 AM, Wayward said: This is a national tragedy. All those naïve young people selling their futures... I would be surprised if the majority of them are young. The ones that are will be privileged BOMADs and they can fill their boots with doom for all I care. Quote Link to comment Share on other sites More sharing options...
winkie Posted February 15, 2018 Share Posted February 15, 2018 Some areas so short of young people who are priced out of buying locally they are offering local authority housing, new nice self contained places.......no you don't have to be a single parent, married or unemployed.....open to single people and working in the local area, about time. Quote Link to comment Share on other sites More sharing options...
Slimline Posted February 15, 2018 Share Posted February 15, 2018 9 minutes ago, winkie said: Some areas so short of young people who are priced out of buying locally they are offering local authority housing, new nice self contained places.......no you don't have to be a single parent, married or unemployed.....open to single people and working in the local area, about time. Links / evidence Quote Link to comment Share on other sites More sharing options...
winkie Posted February 15, 2018 Share Posted February 15, 2018 20 minutes ago, Slimline said: Links / evidence http://www.magna.org.uk/about-us/building-new-homes/ Quote Link to comment Share on other sites More sharing options...
houseface2000 Posted February 15, 2018 Share Posted February 15, 2018 2 hours ago, winkie said: Know Tackly and Woodstock well........just up the road. Where are you? Im near Woodstock Quote Link to comment Share on other sites More sharing options...
leonardratso Posted February 15, 2018 Share Posted February 15, 2018 22 minutes ago, winkie said: http://www.magna.org.uk/about-us/building-new-homes/ how dare they, they'll regret it and there will be piles of burnt out toasters, avacado skins and unrecycled paper coffee cups dumped everywhere. Quote Link to comment Share on other sites More sharing options...
maverick73 Posted February 15, 2018 Share Posted February 15, 2018 Oh please.... Any one with smarts would know with each rate rise will bring a reduction is the pricesof houses.. Libor is on the march. ? Quote Link to comment Share on other sites More sharing options...
adarmo Posted February 15, 2018 Share Posted February 15, 2018 29 minutes ago, maverick73 said: Oh please.... Any one with smarts would know with each rate rise will bring a reduction is the pricesof houses.. Libor is on the march. ? What's the modified duration? Quote Link to comment Share on other sites More sharing options...
Arpeggio Posted February 15, 2018 Share Posted February 15, 2018 1 hour ago, winkie said: http://www.magna.org.uk/about-us/building-new-homes/ According to this link it's shared ownership and involves help to buy. http://www.magna.org.uk/my-home/new-home/buy-a-hme/ Quote Link to comment Share on other sites More sharing options...
bivvy Posted February 16, 2018 Share Posted February 16, 2018 6 hours ago, maverick73 said: Oh please.... Any one with smarts would know with each rate rise will bring a reduction is the pricesof houses.. Libor is on the march. ? YEP, game on inflation figs in US came in higher yesterday, which means IR hikes for sure,......UK will hike as it ALWAYS follow US IR.....only sheeple will be buying now Quote Link to comment Share on other sites More sharing options...
nome Posted February 16, 2018 Share Posted February 16, 2018 So, according to State television everything is just peachy for FTBers and everyone else should pile in and BUY, BUY, BUY RIGHT NOW! Yet, a quick look elsewhere today gives us this... http://www.telegraph.co.uk/news/2018/02/16/millennials-middle-incomes-half-likely-homeowners-1990s/ and this http://www.dailymail.co.uk/news/article-5397697/Home-owner-crisis-just-one-four-afford-home.html Quote Link to comment Share on other sites More sharing options...
highcontrast Posted February 16, 2018 Share Posted February 16, 2018 eh? https://www.theguardian.com/money/2018/feb/16/homeownership-among-young-adults-collapsed-institute-fiscal-studies Quote Link to comment Share on other sites More sharing options...
winkie Posted February 16, 2018 Share Posted February 16, 2018 (edited) 9 hours ago, Arpeggio said: According to this link it's shared ownership and involves help to buy. http://www.magna.org.uk/my-home/new-home/buy-a-hme/ ......do not agree with shared ownership, either rent quality at affordable, secure rents 80% lower than local private rents, which should pull private rents down or buy completely ........ part rent and part buy is not the answer imo.....all the disadvantages of buying whilst renting. People always used to rent first and go onto buy later so nothing wrong with a reasonably priced, safe, fit for purpose secured rental......problem being today is the rents are so high and unsecure, tenants now unable to save a deposit from disposal income to buy from wages earned.....stuck, unable to progress, do better for themselves and family. Nothing wrong with selling the old council homes to long term tenants ( they probably had bought the house they rented over the years the family had rented them) except they did not replace them, and since sometimes a council tenant's dream was to move away from a council house area asap, they were quick to sell or rent it out, often back to the same council who they had purchased it from for many times the old rent collected......madness......not that different to pfi. What did the governments do with the money? Edited February 16, 2018 by winkie Quote Link to comment Share on other sites More sharing options...
chronyx Posted February 16, 2018 Share Posted February 16, 2018 16 minutes ago, deadlyavenger said: eh? https://www.theguardian.com/money/2018/feb/16/homeownership-among-young-adults-collapsed-institute-fiscal-studies Fake news Quote Link to comment Share on other sites More sharing options...
Smiley George Posted February 16, 2018 Share Posted February 16, 2018 1 hour ago, nome said: So, according to State television everything is just peachy for FTBers and everyone else should pile in and BUY, BUY, BUY RIGHT NOW! Yet, a quick look elsewhere today gives us this... http://www.telegraph.co.uk/news/2018/02/16/millennials-middle-incomes-half-likely-homeowners-1990s/ and this http://www.dailymail.co.uk/news/article-5397697/Home-owner-crisis-just-one-four-afford-home.html A couple of days the DM was in full on HPI ramp mode on it’s front page, now today this. Crocodile tears from a VI. Radio 5 is focusing on this story this morning, turned it off when someone started bleating on about supply and demand. WHEN WILL THIS END?!! Quote Link to comment Share on other sites More sharing options...
maverick73 Posted February 16, 2018 Share Posted February 16, 2018 11 hours ago, Smiley George said: A couple of days the DM was in full on HPI ramp mode on it’s front page, now today this. Crocodile tears from a VI. Radio 5 is focusing on this story this morning, turned it off when someone started bleating on about supply and demand. WHEN WILL THIS END?!! When the sheep cotton on to the long con. Quote Link to comment Share on other sites More sharing options...
Slimline Posted February 16, 2018 Share Posted February 16, 2018 We've still got MIRAS before any crash. Sure to push it another 20-30%! Quote Link to comment Share on other sites More sharing options...
Mossie Posted February 16, 2018 Share Posted February 16, 2018 BBC Breakfast News from this morning. Caught it just before leaving for work, SKY+ recorded it, then iPhone recorded it a few moments ago. No idea who was outside and knocking on the window here during record. 5:45 minute segment. h t t p : // sendvid.com/3agh3dv0 No mention of all the homes bought up by the BTL Landlords making Generation Rent. A lot of the focus was on too few homes being built, and so, extreme prices. And then calls coming in saying it has never been easy to buy, with 15% interest rates on £9,000 homes back in their day. Quote Link to comment Share on other sites More sharing options...
Dorkins Posted February 16, 2018 Share Posted February 16, 2018 21 minutes ago, Slimline said: We've still got MIRAS before any crash. Yeah, sure. When was the last time the government gifted any money to the priced out generation? If you're born after 1975 the 'help' is always a repayable loan, whether it's housing or education. Gifts from the taxpayer are for old people. Quote Link to comment Share on other sites More sharing options...
thewig Posted February 16, 2018 Share Posted February 16, 2018 Thing I don't understand is once people wake up to the great housing con, discover this site, start to understand the great DEBTmoney con, they stop there. The rabbit hole goes way deep yo. Way deep. Quote Link to comment Share on other sites More sharing options...
Slimline Posted February 16, 2018 Share Posted February 16, 2018 1 hour ago, Dorkins said: Yeah, sure. When was the last time the government gifted any money to the priced out generation? If you're born after 1975 the 'help' is always a repayable loan, whether it's housing or education. Gifts from the taxpayer are for old people. Stay tuned, if it stops prices falling, then that's next before anything else! Quote Link to comment Share on other sites More sharing options...
Funn3r Posted February 16, 2018 Share Posted February 16, 2018 On 2/14/2018 at 11:58 PM, fandanman said: Sssshhhhhhh, don't talk about Reading so positively or you'll have the Spyguy on your case, he lived there 40 years ago so he should know. Reading is full of immigrants raping and pillaging the English women (whats left of them), traffic jams which will take you days to get into the towncentre, every large corporate and tech firm is leaving to go to London which will leave the town a barren wasteland with tumbleweed rolling through it. Get out while you can. Are you seriously saying Reading is a nice place... I live about 10 miles away and I haven't been there in over a year. Can't really speak for jobs; certainly I've noticed it's busy in the mornings (my changing trains at Reading station doesn't count as "going there" btw) so there must be at least something happening jobwise. But nothing special and a lot of places have closed (my mate worked at Prudential but no longer.) If you just turn up there to go shopping or whatever then it is just not nice also parking costs a fortune.The outskirts not too bad such as Green Park near Madjeski stadium has a lot of large multinationals like Huawei, Veriszon, Pepsico. Broadly Spyguy is right though. Quote Link to comment Share on other sites More sharing options...
Fence Posted February 17, 2018 Share Posted February 17, 2018 On 13/02/2018 at 1:33 PM, Option5 said: Scotland saw the fastest year-on-year rise in prices, up 7.7%, taking the average house price to £149,000. Really? Say what you like about haggis, I'll have some of that! Or does the BBC/PwC not know the limits of an "average"? Quote Link to comment Share on other sites More sharing options...
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