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House Price Crash Forum

Joe Blogs

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  1. The reason fish and chips are up for sale and have been closing for years is that they are simply out of fashion with the public. There is loads of choice in fast food whereas 30 years ago there wasn't. The quality in my experience is often not very good which has quickened their decline. It's also has an image problem as being a bit old fashioned / boring. The restuarant / take away market has moved on, unfortunately many fish and chips owners haven't - they kept serving poor quality food to a consumer who's wants variety. Simple economics 101, nothing more nothing less.
  2. Fair point about the sdlt for house below 125k going up for buy to let. There could well be an increase in btl purchases between now and April to avoid the new tax
  3. Venger, I am not saying hpi is neither good nor bad. What I am saying is that if you look at all the Macao side indicators of the economy then prices in many part of the Midlands and north look cheap compared to other parts of the country and could well move upwards. A couple on £2700 net a month will be easily able to afford to buy in 2020 at current northern prices.
  4. Are you really saying that there are no private rental houses in the north because of too much social housing makes it unprofitable? By 2020 a working couple on minimum wage will be on £2700 net a month, on this level of income more will be able to afford to buy a house and a buy a house is what they will do. The government wants you to buy a house and is bringing in policies that help this, without bringing about a crash in prices. Large parts of the north and Midlands have not moved in price since 2006/7, the changes coming in will upwards for prices in my opinion.
  5. There is a boom in house prices coming to large parts of the north and Midlands and here's why: - rise in living wage to £9 per hour - rise in tax free allowance to £12500 by 2020 - no stamp duty below £125k - creation of northern power house will strengthen northern economy - no changes to tax credits - southern landlords will move money north as no stamp duty below £125k - low interest rate environment By 2020 prices in the north could well be booming, if you can afford to buy now, then do so now, waiting will cost you more. Obborne will probably go down as one of the best chancello
  6. By 2020 a couple working full time will be bringing home a net £2800 a month. With this level of income and low interest rates it will be cheaper to buy then rent in much of the midlands and the North - and that's exactly what people will do, with an increase in prices to follow. There's a boom coming especially at the bottom end of the marke as there will not be enough supply to meet the demand. The government wants more people to buy and maintain and increase prices at the same time, this is happening now and looks set to increase in the years to come. Sure it's a Ponzi scheme but I do
  7. Weekend observations from my home town: (Chesterfield) - Thai restaurant in town, busy sat night despite the fact that the food is expensive and okay at best - Pubs today's looked pretty busy outside with people drinking - Went to IKEA nottingham this morning, absolutely rammed with people shopping, always an indicator that people are confident in housing / home improvements. - New bmws, audis, merc very common. - Aldi and even Tesco busy as hell. - Plenty of sold boards up, - until recently it has been a very slow market. The only negative I can see is that some retail shops are empty
  8. Kiwi Just done a quick search, there are over 200 houses for sale between 60-70k, within 1/2 mile of Rotherham. Assume a deposit of £7k (maybe be less with all the government htb scheme) and you are looking at a mortgage of no more than £300 per month to buy a property in this range. People are already buying these houses even into day's low wage economy, come 2020 when the minimum wage goes up to £9 per hour then you will have far more people chasing houses at the lower end of the market. Simple supply and demand - if more people, are able to buy and the supply does not increase then the
  9. G and T, if all working couples are bringing home a net £2800 a month now with tax credits, then yes you are correct there will be no increase in disposable income. I for one do not believe this to be the case and I stand by my argument that real disposable income will rise significantly for the low paid, which is a good thing. I myself am on £7.90 an hour, so will benefit from the £9 per hour. I am not suggesting that £9 per hour is a great wage because it's not, but what I am saying is that with £2800 coming in each a month, the opportunity to buy will be open to many many more people tha
  10. ....and specifically this boom will be in the midlands and the North. Okay so here's my theory relating to why there will be a new boom in 2020, mainly in those areas that have cheaper housing and have not moved in price over recent years (much of the Midlands, North West, Yorkshire and the North East) If the government manages to get the minimum wage up to £9 per hour for the over 25s by 2020, there will be a big jump in people's disposable income, which has been massively underestimated as to what affect it will have on the economy. This extra income will get pumped into the market speci
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