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Margaret Beckett Urges Ftbs To Buy Now Before Prices Go Back Up

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THE housing minister, Margaret Beckett, claims there are signs of an “upturn” in the property market despite official figures showing prices plummeting at an unprecedented rate.

She disclosed the government was already worrying about the next housing boom, and was intervening to ensure any recovery in prices does not squeeze people out of the market.

Her startling comments echo claims by Baroness Vadera, the business minister and close ally of Gordon Brown, who was ridiculed last week for claiming she could see the “green shoots” of economic recovery.

In an interview with The Sunday Times, Beckett declared that there are “indications” of an “upturn” in interest in buying property despite the continuing slump in prices.

“If demand starts to turn up before supply turns up, you’re immediately back in inflationary pressures, and it’s just not economically healthy. If you haven’t got the construction training programmes, or the skills, or the people coming through, all you’ll get is an inflationary bottleneck when the upturn comes, and that’s the last thing we need.”

She warns would-be first-time buyers not to delay in the hope of further price falls, because “when the upturn comes, there will probably be a mad rush”.

“We’re going through a recession when we know there’s a substantial built-in growth of householder demand in the pipeline. The demand is not going to go away so we have to ask, how can we maintain supply through the recession?”

The government is determined to ensure as many people as possible can buy their own homes. Beckett cannot see the British perception of renting as “second best” changing.

“People do feel that if you are just paying rent for years, it’s money down the drain."

http://www.timesonline.co.uk/tol/news/uk/article5537031.ece

http://www.timesonline.co.uk/tol/news/uk/article5537245.ece

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Guest theboltonfury
To Hell and Back, with Margaret Beckett.

95644-004-9E193A97.jpg

She's got Gail Platt's chin, just minus her good looks

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Good God, this woman needs her head examined.

“We’re going through a recession when we know there’s a substantial built-in growth of householder demand in the pipeline. The demand is not going to go away so we have to ask, how can we maintain supply through the recession?”

The problem is not the supply of houses, it's the supply of CREDIT.

There are more shite luxury two-bed new-builds on the market than you can shake a demolition ball at!

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“People do feel that if you are just paying rent for years, it’s money down the drain."

Why is paying for a pint not 'money down the drain' ? Or buying a bus ticket 'money down the drain' ?

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You could turn the question on its head. Why is it that people in places like France or Germany or the Netherlands, or wherever, don’t want to, don’t care, about owning their own homes? Maybe it’s they who are the people whose attitudes are a bit surprising.

Oh you insidious whore

Edited by pete.hpc

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The silly horsefaced knob doesn't have a clue what she's talking about.....

lax lending criteria and media ramping contributed to the 'mad rush' in house prices shooting up.

Who needs the convenient mistruths of supply and demand when you've got dummy beckett doing the job of the VIs by trying to spook ftb's.

Truly disgusting, they did nothing to ease inflationary pressures on prices over the last 8 years and yet we are led

to believe that they have the will and mechanisms to do so now, but that 'pent up demand' will see house prices

shoot up anyway.....what a loada cobblers.

She's just doing what all ministers are being briefed to do, encourage everyone in the country to do the decent thing

and invest in british homes and british goods such as automobiles [even if those automobiles are foreign owned] as in right now before the banks release shitty results and it becomes official than we're in recession.

It's the kaletsky agenda of 'don't leave the money in the bank sitting there doiing nothing on a pisspoor interest rate'

buy stuff now and keep doing so for the next 18 months right up until the election.....nulabour and beckett will personally guarantee low interest rates until then after which it's anyones guess. Make sure you do your bit for britain and ensure your lumbered with a six figure 25-year mortgage debt so that EAs and Surveyors don't go hungry this winter. And so that beckett and co. can go marvel at how resiliant/thick the GBP are. :lol:

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You could turn the question on its head. Why is it that people in places like France or Germany or the Netherlands, or wherever, don’t want to, don’t care, about owning their own homes? Maybe it’s they who are the people whose attitudes are a bit surprising.

or maybe they have tenants' rights over there, like a good civilised country should, as i'm certain any housing minister should be aware

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Dear MArgaret

If the economy is so bright for FTBs, why do we need to A: bail out business loans, B: bail out defaulting mortgages, C: increase the level of shared ownership schemes, D: get HAs to buy up excess flats, E:keep dropping interest rates,F:have ANY of the current emergency measures and borrowing?

Your reply, in Crayon if you like, would be gratefully received.

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She warns would-be first-time buyers not to delay in the hope of further price falls, because “when the upturn comes, there will probably be a mad rush”.

I warn a would-be future government not to delay an election in the hope that the mood of the country will change because "when the election comes, there will probably be a mad rush to vote the spivs, embezzlers and fraudsters out."

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What a **** this woman is.

If there are any ftbs out there they are struggling under the burden of debt the government has placed them under. Most likely they have been forced through university by the everyone goes idea and will need to find 20 -30K cash to place a deposit on a one bed shit box.

This isn't goign to happen. There is no shortage of housing in the U.K. if there was houses would not fall and lending would not be risky. They are and it is.

Get ******ed Beckett.

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cynical new abour spin trying to talk up the economy. shows how they haven't got a clue and are cluching at straws.

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What a **** this woman is.

If there are any ftbs out there they are struggling under the burden of debt the government has placed them under. Most likely they have been forced through university by the everyone goes idea and will need to find 20 -30K cash to place a deposit on a one bed shit box.

This isn't goign to happen. There is no shortage of housing in the U.K. if there was houses would not fall and lending would not be risky. They are and it is.

Get ******ed Beckett.

Maybe she'll help some FTBs with a donation from her potted plants allowance. :angry:

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What was that someone said 18 months ago, with not a cloud on the horizon unless you had the HPC telescope to the future.

The recovery will not come until the last bull has turned. So we are well on our way to the next dump out I guess.

Then there was that person who was tracking 'the green shoots of recovery' this must be a hackneyd phraze in england??? I had never heard it before but now I am getting bored! And did whomever that baroness was think to come up with something original? I hate people trying to pretend they are more creative than they are.

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Maybe she'll help some FTBs with a donation from her potted plants allowance. :angry:

I guess anyone who has a caravan is likely to bit a bit of a **** but she's the full ticket isn't she?

Margaret

FTB buyers numbers are at a historic low

FTB deposits are at a historic high

And it's all your party's fault you ****.

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I just wish we had a competant opposition that would start putting signifanct pressure on this lot. Cameron has an open goal come on get some balls ffs.

Anyway, her ramblings won't change a thing becuase ftb's would need 25% deposit on 3 times multiple salary and the fact that most of uni grads will have £20k debt already + the state of the economy there is a snowballs hells chance of anything changing.

Beckitt is just a f*** wit, she is a VI and should be ignored.

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surely, in her duty of protecting the public, this advice is surely a direct contravention.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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