Tuesday, Nov 21, 2006
Risk grows for FTBs
BBC website: Risk grows for FTBs
FINALLY!!! BBC allows someone to stop people getting caught in the madness. I already emailed him Julian.Knight@bbc.co.uk and told him well done. Perhaps others might like to. It can be lonely for a contrarian journalist. He responded with thanks and appreciation.
Posted by financial planner @ 02:39 PM (141 views) Add Comment
7 Comments
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1. converted lurker said...
I like the ""yeah but no but" bit from that dippy woman who used to only promote co-buying, but now thinks it might not be a good idea...jeezus wept...I'll e-mail him too in relation to his reference to the CML....
2. tyrellcorporation said...
'HSBC has reported a 50% surge in group mortgages during 2006.'
From 4 gangs of idiots to 6 gangs of idiots - all in the space of a year!
3. Teddyboy said...
I find it hard to believe that FTB's have jumped from 28% to 34% I think it was? I thought REAL FTB's was only about 8%?
4. Hickman said...
Booooooooooooooooooooooooooooom Buuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuust cheers
5. sirgoogle said...
I've thanked him for speaking out as well.
6. nearly30 said...
It always baffles me how long it takes journalists to get the message.
The info/data was available for scrutiny back in Sept 2006 in Reforms report 'Class 2006: A lifebelt for the iPOD generation'.
The key bits of interest, in regard to FTBS, were:
Bankruptcies (01/02 to 04/05) +288 per cent (18-29)
Median annual full time earnings (1999 to 2005) +27% (22-29)
Average first time buyer property UK (1999 to 2005) +97% (22-29)
Mortgage Income multiple = 5.2 (1999) to 8.1 (2005)
Membership of pension (Men 25-34) = 91% (1995) 60% (2004)
Pretty weighty piece of reporting if you want a look - check out:
http://www.reform.co.uk/filestore/pdf/Class%20of%202006,%20Reform,%202006.pdf
7. nearly30 said...
Something weird on the article posting front - scumbag seems to have made a lot of reference to the Reform article.
Didn't know he had - so apologies for repeating.
Although - slightly irritated by the scattergun approach to posting at the moment.
I apologise if I do the same - will reign in the urge.
Too much posting - with MASSIVE text 'synopsise' is getting really irritating - think we need some etiquette on this forum.
I will start with my own attitude to posting.
All the best.