OnionTerror Posted August 11, 2009 Share Posted August 11, 2009 On their 12.30 bulletin - 21 year olds whining that they need a 20% deposit.."they need to loosen up lending" they shout.. http://newsforums.bbc.co.uk/nol/thread.jsp...=20090811135337 Quote Link to comment Share on other sites More sharing options...
Trampa501 Posted August 11, 2009 Share Posted August 11, 2009 To be fair, Radio 1 Newsbeat??? I think I'd sooner listen to Gordon Brown's take on the situation.. Quote Link to comment Share on other sites More sharing options...
Wait & See Posted August 11, 2009 Share Posted August 11, 2009 On their 12.30 bulletin - 21 year olds whining that they need a 20% deposit.."they need to loosen up lending" they shout..http://newsforums.bbc.co.uk/nol/thread.jsp...=20090811135337 What kind of advice are their parents giving them, FFS. Quote Link to comment Share on other sites More sharing options...
xcojo Posted August 11, 2009 Share Posted August 11, 2009 I heard that on the radio. They said house prices were more realistic now. It's about time the BBC faced up to their part in causing the downturn in the first place by scaremongering to sell papers. Quote Link to comment Share on other sites More sharing options...
Timm Posted August 11, 2009 Share Posted August 11, 2009 What kind of advice are their parents giving them, FFS. Ohhh, you've got to get on the ladder love. (And saddle yourself with unspeakable debt so you have to work hard and pay lots of taxes so I can be looked after in my dotage. Oh, and thanks for propping up the value of my main asset too. That will come in handy when I release the equity to pay for a cruise or two). Quote Link to comment Share on other sites More sharing options...
bagsos Posted August 11, 2009 Share Posted August 11, 2009 I heard that on the radio. They said house prices were more realistic now. It's about time the BBC faced up to their part in causing the downturn in the first place by scaremongering to sell papers. What?????????? Err the BBC don't sell papers and they were one of the biggest rampers around Quote Link to comment Share on other sites More sharing options...
AteMoose Posted August 11, 2009 Share Posted August 11, 2009 The government should do more to help, getting rid of the stamp duty is pointless when noone can get a mortgage! Instead they should be giving grants to first time buyers to try and get the housing market going again. Without first time buyers nothing will change the current economic situation QE direct to FTBers? MIRAS esq? Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted August 11, 2009 Share Posted August 11, 2009 (edited) Wez James, 21, has been saving for years but can only get a mortgage deal with a 20% deposit. He told Newsbeat: "It's unfair, frustrating, very stressful, nearly impossible for a first time buyer like myself on an average wage to have any chance of getting a property." I mentioned this scenario in a previous thread. Wez was 11 years old, yes just 11 years old before HPI really took off and banks were lending money to anyone that could 'fog a mirror' (thanks FP). This is Wez's limited knowledge on mortgages and bank business. Edited August 11, 2009 by bomberbrown Quote Link to comment Share on other sites More sharing options...
Minos Posted August 11, 2009 Share Posted August 11, 2009 I mentioned this scenario in a previous thread. Wez was 11 years old, yes just 11 years old before HPI really took off and banks were lending money to anyone that could 'fog a mirror' (thanks FP). This is Wez's limited knowledge on mortgages and bank business. That makes me feel so old. Quote Link to comment Share on other sites More sharing options...
Si1 Posted August 11, 2009 Share Posted August 11, 2009 (edited) Added: Tuesday, 11 August, 2009, 13:00 GMT 14:00 UK If banks allow a smaller deposit and house prices slide again or job cuts get worse then we will all be in a worse position as bank losses rise. Remember that is what caused this crisis in the first place. I do feel sorry for first time buyers but it was not that different in the mid 90's when I bought my first place. Still needed a large deposit and did a huge amount of saving whilst my mates were in better cars then mine and going out every night. You can't have it all. Andrew Morgan, Trowbridge, United Kingdom Alert a Moderator ?????????????????????????? Edited August 11, 2009 by Si1 Quote Link to comment Share on other sites More sharing options...
lulu Posted August 11, 2009 Share Posted August 11, 2009 I mentioned this scenario in a previous thread. Wez was 11 years old, yes just 11 years old before HPI really took off and banks were lending money to anyone that could 'fog a mirror' (thanks FP). This is Wez's limited knowledge on mortgages and bank business. Yes, what a pillock he was, imagine not 'buying before it was too late' Now he has missed the boat and deserves everything that is coming to him. I would love to know just exactly how much a 21 has saved in the 'years' he has been saving and why on earth he is expecting to buy a house. Quote Link to comment Share on other sites More sharing options...
muggle Posted August 11, 2009 Share Posted August 11, 2009 ...I would love to know just exactly how much a 21 has saved in the 'years' he has been saving and why on earth he is expecting to buy a house. I had much more important things to do at the tender age of 21! Quote Link to comment Share on other sites More sharing options...
Dr Elk Posted August 11, 2009 Share Posted August 11, 2009 I had much more important things to do at the tender age of 21! I had much more tender things to do at the important age of 21. Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted August 11, 2009 Share Posted August 11, 2009 Yes, what a pillock he was, imagine not 'buying before it was too late'Now he has missed the boat and deserves everything that is coming to him. I would love to know just exactly how much a 21 has saved in the 'years' he has been saving and why on earth he is expecting to buy a house. I seriously think, that he believes that house prices only ever go up and that he will make money out of it the quicker he gets on the ladder. It's all he's ever known unless he's looked at historical patterns, in which case, he's an idiot! Quote Link to comment Share on other sites More sharing options...
We're all dooomed!!! Posted August 11, 2009 Share Posted August 11, 2009 I heard that on the radio. They said house prices were more realistic now. It's about time the BBC faced up to their part in causing the downturn in the first place by scaremongering to sell papers. What, like the BBC should own up to there part in scaremongering people into buying by sensationalising rising prices throughout the boom??? Anyway, I wanna know how they can make a sweeping statement that house prices are more realistic now? That's a bit subjective isn't it? If the people wanting to buy can't raise a 20pct deposit then obviously they aren't more reealistic are they! (I do wish people would get this idea out of their heads that they shouldn't have to put down around 20pct in order to borrow. This 20pct deposit thing finally shows that banks are acting responsibly - they shouldn't be criticised for that!) Quote Link to comment Share on other sites More sharing options...
lulu Posted August 11, 2009 Share Posted August 11, 2009 What, like the BBC should own up to there part in scaremongering people into buying by sensationalising rising prices throughout the boom??? Anyway, I wanna know how they can make a sweeping statement that house prices are more realistic now? That's a bit subjective isn't it? If the people wanting to buy can't raise a 20pct deposit then obviously they aren't more reealistic are they! (I do wish people would get this idea out of their heads that they shouldn't have to put down around 20pct in order to borrow. This 20pct deposit thing finally shows that banks are acting responsibly - they shouldn't be criticised for that!) Yep. if 20% deposits (rather than 125% mortgages) had been then norm then we would not have been in half as much a mess as we are now. I suppose then the morons would not feel as wealthy as they think they do now and would probably have kicked the Labour party out at the last election as the incompetance would not have been so easily masked. Quote Link to comment Share on other sites More sharing options...
Potwalloper Posted August 11, 2009 Share Posted August 11, 2009 I heard that on the radio. They said house prices were more realistic now. It's about time the BBC faced up to their part in causing the downturn in the first place by scaremongering to sell papers. Do you always post gibberish? Quote Link to comment Share on other sites More sharing options...
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