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Will They Ever Realise Why There Arent Any Ftbs!?


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have a look at this story (if you havent already!?) www.money.guardian.co.uk/news_/story/0,1456,1498871,00.html

Alliance and Leicester are jumping on the FTB bandwagon with an interesting stat. FTBs in the UK need £33bn to get a typical FTB house. works out at 29k each.... when will the gov realise that we cant afford this!?!?!?!!? and shared ownership isnt the way forward...

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The government don't give two hoots about FTBers.

i think they do as FTBs have a huge influence on the housing market and therefore the econoomy indirectly. if there are no FTBs inthe market then that spells trouble. thats why they have risen the stamp duty threshold and done some work to promote shared ownership (although it has existed for years!!) they are doing stuff, but only enough to keep it ticking for a little longer.... something else must be on the horizon. maybe pushing joint ownership or pushing parents to spend their cash on deposits for us youngsters!! (well, not so your anymore!)

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i think they do as FTBs have a huge influence on the housing market and therefore the econoomy indirectly. if there are no FTBs inthe market then that spells trouble. thats why they have risen the stamp duty threshold and done some work to promote shared ownership (although it has existed for years!!) they are doing stuff, but only enough to keep it ticking for a little longer.... something else must be on the horizon. maybe pushing joint ownership or pushing parents to spend their cash on deposits for us youngsters!! (well, not so your anymore!)

The problem is, the more they keep pushing the market, the more it will burst causing people who have overstreched to be in negative equity.

Imagine being in negative equity and the BoE putting up interest rates...not a nice thought for "hard working families" or "hard working singles" (ever hear Gordon or Tony mention "hard working singles"?)

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i think they do as FTBs have a huge influence on the housing market and therefore the econoomy indirectly. if there are no FTBs inthe market then that spells trouble. thats why they have risen the stamp duty threshold and done some work to promote shared ownership (although it has existed for years!!) they are doing stuff, but only enough to keep it ticking for a little longer.... something else must be on the horizon. maybe pushing joint ownership or pushing parents to spend their cash on deposits for us youngsters!! (well, not so your anymore!)

But the pesky FTBers dont want to play their little game. The FTBers realised that buying now would mean being stuck in a poverty trap for most of the rest of their lives. A fact that can no longer be disguised.

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The problem is, the more they keep pushing the market, the more it will burst causing people who have overstreched to be in negative equity.

Imagine being in negative equity and the BoE putting up interest rates...not a nice thought for "hard working families" or "hard working singles" (ever hear Gordon or Tony mention "hard working singles"?)

exactly, they are pushing the marketing side of things for shared ownership and it is getting coverage in the nationals. although there has been a few bits, not all is positive, infact most of it is negative!! a name keeps popping up as well. as well as bing in that guardian piece, firstrungnow seem to be putting themselves about where as alot of mortgage companies etc who offer shared ownership mortgages and advice are staying clear because of the bad press.

would be interesting to know how many FTBs get on the ladder by inheritance (which the gov tax too much!!) or via funds provided by parents? anyone seen stats?

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  • 442 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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