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stuckinlimbo

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About stuckinlimbo

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  1. Source: https://www.nationwidemediacentre.co.uk/news/nationwide-helps-generation-rent-become-generation-buy-as-society-increases-max-loan-to-income-ratio-for-first-time-buyers
  2. Nationwide today talking about 5.5x lending for first-time mortgages: https://www.theguardian.com/money/2021/apr/20/nationwide-first-time-buyers-building-society-loans-earnings
  3. Sad thing is a that a lot of young people are so desperate to get on the ‘ladder’ that they will take these schemes without thinking through the consequences. The pressure from all sides is really immense.
  4. This is also social housing: https://www.architecture.com/knowledge-and-resources/knowledge-landing-page/goldsmith-street-sets-new-standard-for-social-housing But that doesn't fit your narrative does it?
  5. Were you thinking about https://builtplace.com/
  6. Comments on that article look like they could be from this site. The 95% mortgage has not gone down well with that crowd
  7. I agree to an extent, but its also a signal for those selling to not lower prices, because they can turn around to people and say that there is a government scheme available for those who cant afford the asking price.
  8. Lets be honest, the cut is permanent, they are not going to be able to justify bringing it back under any circumstances, even if the economy were to magically recover tomorow. This was obvious from the start, but getting rid of Stamp Duty is the first step towards a much more progressive form of Land Value Tax, the government will need the revenue soon enough.
  9. https://www.independent.co.uk/incoming/inside-westminster-george-osborne-s-housing-boom-will-echo-into-the-future-8869835.html
  10. To add insult to injury, did you see this in the thread:
  11. This is ‘mini-boom’ is an opportunity for sellers to find a greater cool, everyone is in on it. Sad thing is the gullible will fall for it. Only the other day the BoE was encouraging banks to lend more to avoid a recession.
  12. https://www.ft.com/content/8e6b6a30-62c7-4c79-b0c8-e70eb9fa6ed2Nationwide is returning to the high-risk end of the mortgage market less than a month after pulling out, responding to the release of pent-up demand as the UK’s coronavirus lockdown is relaxed and government reductions to stamp duty.
  13. He forgot to mention the effect on people that do not own a home. That is a huge oversight in that article.
  14. Just so that this can be put to rest, this is a chart I made for median prices for terraced properties in Chiswick made from the Land Registry Prices Paid Data, other than the 'Boris Bounce' there was a dip after 2016. Lets see if that can be sustained....
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