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Blah

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  1. Hit the nail on the head. From their website: "Significant media coverage of the Federation's facts and figures booklet made the case for more affordable housing and investment in the work of housing associations." See link http://www.housing.org.uk/default.aspx?tabId=179 under the "England's Housing Timebomb publications" bullet point. So, the more they talk this up the more likely they are to get funding for their members.
  2. When the BBC performed a survey as part of The Truth About Property back in May, more people wanted prices to fall than didn't. Surprised me at the time, but then even property bears can be affected by the constant VI spin, I suppose. I'm more inclined to believe that the major factors that would lead to government intervention are the economic effect on consumers (ie house price falls effecting spending) and the Northern Rock effect I posted about.
  3. Agree - but the prospect of this government getting involved to maintain the housing bubble is a real worry. Since Northern Rock was nationalised the British public effectively own a huge amount of housing debt. The temptation to maintain the value of property - at least until the next election is out the way - may prove too much for Darling and Brown given their weak position.
  4. I live in KT2 and have been keeping an eye on propertysnake since people started talking about it on this site last year. For a long time the max drop in this post code was around 8/9% whereas now we're seeing >15% falls. Anecdotally, a friend of mine was looking for 2 bed flat in the area for under £250,000 in early 2007. He had to give up because they were all being snapped up too quickly and what was left needed too much work. A quick scan on rightmove now shows loads in that price range and more dropping into it. From what I'm seeing, by 2010/11 that £250,000 budget will get a decent 2 bed terrace in North Kingston.
  5. The comments for KT6 are a perfect illustration of how sentiment has changed over the last 9 months or so
  6. I love it - that's the best they've got! To think: I was concerned about what measure's they were going to come up with to re-inflate the market. The market is crashing and Brown's reputation is going down with it.
  7. Only caught the end of it myself I'm afraid. Nice to turn on the TV to see the former Chancellor making it clear that the market is falling and that FTB's shouldn't get suckered in. To be fair, he said to wait 12 months, so not entirely on our side, but the "don't buy" message is all that matters as far as I'm concerned.
  8. Greeted by nods of agreement around the studio. Don't often post but thought this was worth sharing. Go HPC!!!!
  9. I'm usually the last person to yell conspiracy... but... surely if the stats are exaggerating the number of sales in the only area making significant gains, doesn't this give a falsely high headline figure for UK HPI?
  10. Probably being a bit slow today but I can't work out how to!
  11. You've come to the wrong place if you're looking for totally impartial advice! I'm in a similar situation, but I would guess a few years older. I've been undecided until recently and was considering buying a place at the end of the summer with my girlfriend. However I'm not going to because it seems we've reached a tipping point with prices. The low interest rates that have supported HPI for a long time seem to be creeping up, and the expectation of future gain is beginning to evaporate. General opinion also seems to be shifting - after all your friends and work colleagues aren't spouting the usual mantra of "buy now before its too late"! I have had conversations with one builder in the Reading area and an estate agent in the same area who both used the term "slowdown" to me - and thats before the recent inflation figures and subsequent IR Hike headlines. This relates to one specific area I know but it has helped sway me into the bear camp. Anyway, as a recent graduate who knows what opportunities might come up. Renting makes you very flexible.
  12. Was delighted to see the headline this morning - shame a few more of the papers didn't make the story a wee bit more prominent. Nonetheless, anything that makes the BTL brigade start to sweat is fine by me!
  13. There is no conspiracy: 70% of the bbc audience are homeowners and the general coverage of house prices reflects this. Within this context I find Evan Davis surprisingly bearish - this particular article makes it pretty clear that he thinks interest rates should be higher. This is good stuff IMHO.
  14. Is it better to buy or rent? Stumbled across this - lets you play god with the stats so ought to keep bulls and bears happy!
  15. Hi I've stopped by at HPC many times during the last couple of years, just to provide an antidote to the craziness that most people on this site are seeing. In short, prices are laughable but the housing market has a glass half full, rose tinted take on everything. It takes a lot to get the British housing market to take a long hard look at itself, and that combination of things just isn't here yet. Short term, I'm sad to say that I'm a little bullish. Medium to long term I'm confident that things will correct themselves. Broadening to topic a little, the housing market to me is just one part of a bigger problem which is the fleecing of the young by the old. This is something I've seen in quite a few boomer bashing threads on this site so I think I'm okay to bring it up. Its not something that I take personally, I tend to see it as an unfotunate fact. In the case of house prices, its the market economy responding correctly to a sudden surge of money from a demographic group with a lot of money to spend and an irrational belief that property can only appreciate in value. In the wider sense, democracy means that the biggest group of people get what they want. The old don't necessarily see that demanding what they were promised (note that the promise is not delivered by the same person who made it...) in terms of healthcare, pensions etc will result in their children having a lower standard of living than them, or their grandkids school being closed. Bringing the two points together, our government could easily have intervened to do something about the cost of housing, but most voters own a house, so they haven't. By the way if someone can explain to me why all "key workers" happen to work for the government I'd love to hear it. Regarding my immediate position. Well, to buy the house I'm renting would cost more in interest payments alone than my rent, even assuming a chunky deposit. Plus to be honest I'm not big on DIY, and enjoy the flexibility of renting. But, I'm 30 and thinking of settling down, marrying and breeding so it would be nice if it didn't seem impossible for my girlfriend and I to enter the next stage of our life which I guess will probably have to involve some DIY Just so that I'm not just sitting here moaning, my suggestion is that second homes are taxed much higher, and that mortgages are more heavily regulated. The key worker scheme is a typically bureaucratic Labour answer to a market problem. All they've got to do is reduce demand, or increase supply for housing. Gordon Brown's answer to everything seems to involve a mountain of forms and offices of slack-jawed mongs processing those forms. Do you ever get the impression that Browns hidden agenda is to manufacture a voting army of government-dependents, at the expense of a small number of hard working, talented and enterprising people who would never vote labour anyway? Top site guys.
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