Tuesday, Mar 06, 2007
Desperate..
Firstrung: Can the emergence of first time buyer 'BARBIES' (Buying Abroad, Renting in Britain) be taken seriously?
We should thank Hiscox for finally labelling the birth of the illusory group of first time buyers - who supposedly buy abroad due to the fact they are priced out of the UK. Certain media sources have been desperately trying to peddle this myth and having finally tagged the buyer with the name 'Barbie' they have done the overall concept proud...
Posted by converted lurker @ 11:50 AM (250 views) Add Comment
14 Comments
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1. tyrellcorporation said...
The market in the UK has peaked and this stinking VI wretch is just trying to plug an imaginary untapped market. Houses are cheaper in Europe because there are no jobs to speak of. That's why hundreds of thousands of French 20 somethings pour into London each year.
These idiots also don't take into account the very real animosity aimed at Brit's pushing up prices in continental Europe and pricing out the local youth. Don't be surprised to see a violent backlash, especially from the French.
Desperate indeed!
2. converted lurker said...
Yes, but did you like the image ;¬) Fighting two fronts at the minute, co-buying and fly to buy for FTBs, you couldn't make it up, but they do...
3. waitingfor hpc said...
well i have thought about it! would not buy here but would love a pad in france to hide away in!
4. Despr8dan said...
How do you get Barbies from that??
5. Steve said...
I find the French response that the British are pushing up French houses prices hypocritical in the extreme when more French nationals live in the UK than Brits in France.
6. Steve said...
In a way it kind of makes sense. You can pick up a flight from France to the UK for about £40. Rent in the UK while returning to France or another EU country for a long weekend. House prices are much cheaper in the rest of the EU.
£80 every week or two weeks is hardly a lot for commuting.
It would also allow rampant house price inflation to spread to the rest of Europe. Germany has had static prices for the past couple of years and it suspected that their property is significantly undervalued.
7. paul said...
Ummm ...
Buying Abroad Renting In Britain
= BARIBS (not BARBIES)
8. tyrellcorporation said...
Yes but Steve the French are coming here to make a living whereas the majority of Brits moving to France go with a wheel-barrows full of money and the notion of living a Marie Antoinette lifestyle in a rural French Idyll. They also tend to be older and therefore contribute less in taxes and consume more in healthcare.
9. monty said...
Buying Abroad Renting Back In England?
10. Tinecu said...
Aha! Buying Abroad and Renting In Britain Isn't Exactly Sustainable
I supose the opposite is RABIES
Renting Abroad and Buying In England's Stupid
11. Steve said...
It is hardly surprising though if Brits did commute back and rented here in the UK. It is just becoming increasing easier to live abroad and the UK is a very very expensive place to buy a house now with no real sign of any sort of slowdown.
12. Si1 said...
err - this idea that your home should be a place where you visit once maybe twice a month on a bargain flight is really imaginitive. I think the long term costs of staying in hotels are cheaper than buying a house for the purpose, and more flexible.
Unless they're doing it to rent out to others, but I'd have thought the locals would have a business advantage in this, but perhaps lack of capital.
13. paul said...
That's a bit more like it, monty.
Now all that's left to be done is to convince the world that this group exists!
14. paul said...
Hang on.
How about the Welsh and Scottish, and those living in the Channel Islands?
Will they come BARBIWES and BARBISES and BARBITCI? Or should we have a term to encompass all like "BARBIESWATCI" to mean:
Buying Abroad, Renting Back in England, Scotland, Wales And The Channel Islands
This demographic group is already as rare as hens' teeth, so we don't want to miss anyone out.