Sunday, Mar 11, 2007
News round up for the week that was
Firstrung: Firstrung, first time buyers the week in focus - 11/03/07
We had the emergence of first time buyer Barbies, the fact that 20% of purchases are now above the 3% stamp duty threshold, news that first time buyers are shunning the Homebuy initiative, reports that prices rose 1.8% in February, interest rates were kept at 5.25%, the news that buy to let yields keep falling, the fact that first time buyers need an extra 2K more for their typical deposit, couch surfing is becoming increasingly an option for those priced out of (even) the rental market, 25% of new builds in Leeds lie empty...and finally terraced houses, the preferred entry level housing for first time buyers has increased in price by 239% over the past decade whilst wages have increased by less than 40% for the same group of buyers...
Posted by converted lurker @ 12:01 PM (161 views) Add Comment
3 Comments
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1. uncle chris said...
What was the New Liebour song back in 1997 - "Things can only get better" - Anyone want to join me on the next clipper to Australia?
2. enuii said...
Nice post that just about sums everything up in a nutshell.
I have never known the difference between the top and bottom of society being so large in this country. Listening to the Govt Public Information Propaganda on local commercial radio today I also notice that Tax Credits are now available to Single People who work up to 30 hrs per week on low pay! I am beggining to think that Neo-Labour are buying votes through socially engineering a new benefit dependant working underclass in this country.
I also noticed that Road Charging is being bulled up on the radio as well in the run-up to the budget so I entirely expect fuel duty to rise and expect no-one to pick up a fuss because they have been primed with something worse beforehand!
3. Steve said...
Very true about road pricing and fuel duty. The British people do not have the balls to actually protest anymore.