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House Price Crash Forum

Gush

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Everything posted by Gush

  1. In my area If flats are excluded the number of listed is less than 2014 and its a slow death. Its hot for the tiny percentage who transact, for others, its no point to participate.
  2. Crash depends on region. Crash has occurred when people stop thinking house as a financial asset. In some regions it may already be the case, in SE so many VI so will take time for people to realise.
  3. HTB(v2) is NOT gone, staying until 2023(for now), they could just extend it nearer to time with 100k debt junkies/peddlers signing a petition.
  4. https://www.helptobuy.gov.uk/equity-loan/equity-loans/ Spy guy, the HTB V2 is still there but with a regional cap until 2023. I don't understand when you say 20% less cash.
  5. "LL are crucial part of property market" . F off, more a pimp for the debt peddlers.
  6. Its all low volumn, they conveniently use the percentage to report what they want.
  7. https://www.telegraph.co.uk/business/2020/12/11/bank-review-may-relax-mortgage-rules/ WTF is this now. One and only problem is home is financialiced and taken away from working families. Loads of useless solutions thrown at us Lower mortgage rate Lower deposit Lower standard Lesser sq ft When will these stop.
  8. Same in my search area. Very few coming to market and sstc in less than a week. Essex Chelmsford.
  9. The same rush when surcharge was introduced 3 yes back, is happening now. People fearing redundancy getting a mortgaged home before that opportunity is lost.
  10. What if the the slum rabbit hutches are filled with non paying tenants waiting for eviction ban to work through courts
  11. That lie you said is the biggest f**k*** problem, putting down a tiny deposit (unearned re mortgaged borrowed money in most case) and blocking a FTB get his home with his earned income is THE problem. Can you show me a LL who has saved 100K to put that in a housing stock, do you even know how many years it takes to save that with earned income? Most of the LL got their cookies from magicked up bank credit, low interest central bank, pro HPI policies/tax system of government. Its nothing to do with savings/investment/skills/talent.
  12. As spyguy says, i do feel its all froth by EA. Untill we see LR data we cannot be sure.
  13. I am starting to believe that the BoE/Govt both have the plan in place before hand to inflate the bubble, they sprout out that prices could come down by nn% fear and simultaneously release the "can kicking/plastering over/bubble on a bubble" policy. Now once the policy takes effect people get even stronger sentiment that prices are rising DESPITE "brexit/covid/...". Once this can kicking goes on for decades there is no stopping for the sentiments of the masses.
  14. as you are borrowing, I take you are up sizing, and in that case the house you are buying would also got the "mad gainz" from you. You are borrowing more because the house prices are rising faster, irrespective of whether its 3.5x or 5x.
  15. could it be due to money paid out of system for "do nothing but pretend" fake contract for refurb, etc., I hear these happen in London
  16. Good job RR. Can you also include last sold price if available. Super deluded to deluded pricing reductions, which are well above LSP should not be counted on.
  17. Don't junk this thread with unrelated press release.
  18. 90LTV mortgage are not going to return at least for a year. Friend has his target house budget reduced by 20% because Mortgage advisor has asked him to increase deposit by 5% as no more 90% products. 200k house 90%LTV need 20k deposit 180k mortgage, same 20k on 85% LTV can only can get house worth 155k. so house budget goes by 22.5% just by 5% decrease in LTV.
  19. sorry if it was not clear. My point was the 90% of inflated price +interest is always ignored, given he/she can arrange tiny 10% deposit (mostly not from own savings)why should bank bother, it could work in a positive sentiment loop, but in this pandemic situation, they need to think more carefully if the 90% can be recovered in a default. How the deposit was scarmbled together can give big clue to that.
  20. Repossession is difficult in normal time due to political and religious nature of property market, during this pandemic it would be even more difficult. So if property value falls and pleb lost the job and could not pay instalments?
  21. Politicians want the plebs to beleive the 10% deposit and 3% SDLT is the issue. How to repay the rest 90% with interest on the inflated price is the question no establishment want to ask and scare the plebs.
  22. +1. Nearly 9 months pay of upto 2500 for doing nothing. That is the government estimate of what is needed to keep the debt pedlar and the addicts happy. 78 quid a week is sufficient for the non compliant.
  23. Its no more billions, its 10s of billion here and 10s of billion there, and still the plates are spinning.
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