Total_Injustice

I have absolute respect for your statement. What is the ...king point of saving. Brown and all his minions have shafted us all. I just wish I had some mechanism by which my actions would actually make a difference.

Hopefully we've just past the 'Bull Trap' and are on our way to 'Fear': http://www.housepricecrash.co.uk/graphs-bubble-lifecycle.php This is no the time to loose your nerve and start buying.

All we need now are a couple of afternoon BBC programs devoted to buying property at auction... for 50% of their price last year.

It just leaves me without the words to descride him. Completely beyond reason - the poor man is very ill.

You're so right. Society, and by that I mean everyone that thought they were wealthy just because the price of their house had gone up, now demands that we have two incomes of average wage just to home your family. Both parent working full time = social decay. I put a petition on the Government to state their aspiration for mortgage lending and I often get comments telling me that houses are already affordable. I still disagree. There seems to be a new generation of property buyer that has become desensitised to debt. They think that x4 a joint income is acceptable. Bring back the days of x2.5 joint, or x3.5 single and encourage parents to parent. By the way, these multipliers should buy you an average 3-bed semi, garden, garage that's not located in a ghetto.

The Government will not be able to control themselves. They’ll continue to hose our money at the crisis in a vain attempt to prop up the housing market. Their economic model was built on perceived wealth from massively overpriced housing stock. - They decoupled house prices from the measure of inflation. - Interest rates bore no relation to house price inflation. - Wages grew slowly. - Dual income (full time employment) became the norm – and to hell with families and family life. - The feckless were encouraged to spend their new equity. … and the economy was perceived to grow. The Government must have a vision or aspiration for mortgage lending in the future, so they need to come clean and tell the country. If they don’t have a vision, then they have no justification for bankrupting the country – and need to step down now. Hope you agree, if so please see the following petition, and tell your friends: http://petitions.number10.gov.uk/LendingReform/

I remember Brown stating that house prices wouldn't fall too much, as the country had not met its target for house building. He got that wrong. This is probably a good thing on the Supply and Demand front. More supply should equal lower prices. Mind you, may be there are going to be a lot of re-pos and people to re-home? Please read the following petition and sign if you agree: http://petitions.number10.gov.uk/LendingReform/

The Government has stated that it is not shortage of demand for homes at “the right price” but a shortage of mortgages “at the right prices for people to buy”[1]. However, is this really the truth? Especially when we consider other articles that detail how house prices will have recovered by 2013[2]. If this were the case, the average wage would have to explode to £45K p.a. to pay for the average property costing £200K, based on the following terms. - £20K deposit (90% LTV), - £180K borrowed at x4 multiple of income of £45K p.a., - 25 year term. So we’re either looking at a real crash in house prices (not just flats and apartments) or a return to irresponsible and risky lending. This begs the question; do we believe that the Government has a real commitment to lending regulation and reform? I see so much contradiction that my confidence in the Government is totally shot. There just does not seem to be a coherent plan of action yet they continue to hose our money at the problem. I believe the Government need to state their aspiration for mortgage lending in 12 months time in terms of Loan-To-Value (LTV) ratio, multiples of annual income, and loan duration. If you agree please sign this petition: http://petitions.number10.gov.uk/LendingReform/ This would provide a better understanding of their stance towards future lending, and enable us the voting public to make our own judgment of the likelihood of lending regulation and reform. [1] http://news.bbc.co.uk/1/hi/uk_politics/7667284.stm [2] http://news.bbc.co.uk/1/hi/business/7692814.stm

The Government has stated that it is not shortage of demand for homes at “the right price” but a shortage of mortgages “at the right prices for people to buy”[1]. However, is this really the truth? Especially when we consider other articles that detail how house prices will have recovered by 2013[2]. If this were the case, the average wage would have to explode to £45K p.a. to pay for the average property costing £200K, based on the following terms. - £20K deposit (90% LTV), - £180K borrowed at x4 multiple of income of £45K p.a., - 25 year term. So we’re either looking at a real crash in house prices (not just flats and apartments) or a return to irresponsible and risky lending. This begs the question; do we believe that the Government has a real commitment to lending regulation and reform? I see so much contradiction that my confidence in the Government is totally shot. There just does not seem to be a coherent plan of action yet they continue to hose our money at the problem. I believe the Government need to state their aspiration for mortgage lending in 12 months time in terms of Loan-To-Value (LTV) ratio, multiples of annual income, and loan duration. If you agree please sign this petition: http://petitions.number10.gov.uk/LendingReform/ This would provide a better understanding of their stance towards future lending, and enable us the voting public to make our own judgment of the likelihood of lending regulation and reform. [1] http://news.bbc.co.uk/1/hi/uk_politics/7667284.stm [2] http://news.bbc.co.uk/1/hi/business/7692814.stm