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estate agent is a client of mine in derbyshire. spoke to him today and asked him what's happening. response as follows: ftbs extinct. sub 160k houses selling here & there but not to ftbs. stuff just not feeding through to further up the chain. i said it was a pyramid selling game - he agreed. he expects stagnation to mid 2006, then to pick up again.

he seemed a bit despondent, but said he was ticking over. small independent with 1 office. very nice chap.

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estate agent is a client of mine in derbyshire. spoke to him today and asked him what's happening. response as follows: ftbs extinct. sub 160k houses selling here & there but not to ftbs. stuff just not feeding through to further up the chain. i said it was a pyramid selling game - he agreed. he expects stagnation to mid 2006, then to pick up again.

he seemed a bit despondent, but said he was ticking over. small independent with 1 office. very nice chap.

wishful thinking.......

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estate agent is a client of mine in derbyshire. spoke to him today and asked him what's happening. response as follows: ftbs extinct. sub 160k houses selling here & there but not to ftbs. stuff just not feeding through to further up the chain. i said it was a pyramid selling game - he agreed. he expects stagnation to mid 2006, then to pick up again.

he seemed a bit despondent, but said he was ticking over. small independent with 1 office. very nice chap.

A couple of people at work are buying at the moment, they already own their own homes (mortgage outstanding though). But what is interesting is that they are not selling their homes they are using the equity as a deposit on the new place. This could explain the MEW figures, I know it has been reported that the recent increase in MEW has not been put into property but how would 'they' know?

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why do they expect it to simply 'pick up'

wages havent risen since 2000.

what we gunna do - magic up the money ?

Haven't you heard of the "2006 World Cup Bounce"?

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why do they expect it to simply 'pick up'

wages havent risen since 2000.

what we gunna do - magic up the money ?

Ummn yeah, they're going to pull the proverbial rabbit out of the hat & conjure up some more money via......House prices! :lol:

House prices go up-so you get more money- so you can pay more for your next house with money made from previous house, ad infinitum/perpetuation

Pyramid scheme, perhaps?

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House prices go up-so you get more money- so you can pay more for your next house with money made from previous house, ad infinitum/perpetuation

Pyramid scheme, perhaps?

No worse, pyramid schemes only tend to impact those who are stupid and gullable to fall for them, housing is much more insidious with some very nasty societal implications.

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No worse, pyramid schemes only tend to impact those who are stupid and gullable to fall for them, housing is much more insidious with some very nasty societal implications.

I have to agree with you on that, how many very resentful FTBers have to wait their life away before something is done about what is a social inequality. It appears to be endorsed by government and banks alike. It really does make me fume!!

Peasants and their landlords, welcome to UKPLC.

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why do they expect it to simply 'pick up'

wages havent risen since 2000.

what we gunna do - magic up the money ?

Thats an interesting point. Was it a deliberate strategy to hold down inflation by distracting people with easy credit they could suppliment their incomes with. No strikes, no pay rises, just a sea of credit and the promise of bankrupcy. Pay now, pay later. I'm starting to feel distinctly conspiracist B):ph34r: ...

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actually, just remembered, he said it was 2nd homes being bought.

Yeah, my 4rse. 3rd, 4th and 5th etc BTLs more like! They will stop dead v v shortly. There is no doubt BTLs are actually coming back onto the market. Soon, there will be an avalanche.

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I have to agree with you on that, how many very resentful FTBers have to wait their life away before something is done about what is a social inequality. It appears to be endorsed by government and banks alike. It really does make me fume!!

Peasants and their landlords, welcome to UKPLC.

The irony is that this has occured under a socialist government who promised opportunity for all. And even now are attempting to attract even more second home buyers into the market by offering massive tax breaks of property SIPPS. :ph34r:

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most are already at 8x salary and cant lend or buy or maintain the monthly payment.

as i said, what we going to do - magic up the money ?

what part of that dont they get ?

What about the wife/partner's salary?

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The irony is that this has occured under a socialist government who promised opportunity for all. And even now are attempting to attract even more second home buyers into the market by offering massive tax breaks of property SIPPS. :ph34r:

Nearly there!

It doesn't matter Which Party you vote for anymore, their Masonic Masters tell them what to do and when! :ph34r:

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Haven't you heard of the "2006 World Cup Bounce"?

then the 2008 Beijing Olympic bounce......South Africa World Cup 2010 bounce etc etc

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Guest Charlie The Tramp
it will be the Iran war bounce or the Tehran Tonic.

I look forward to reading a post of yours on the housing forum which does not slip into your anti war rhetoric.

I`m sure there are many forums on the net which are more akin to your agenda pf.

There is an Off Topic Forum, but I take it the audience isn`t big enough for you.

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I had a meeting with a chap yesterday and afterwards we drifted on to housing - his idea, not mine.

He has a good friend who owns one of the big local agents. I know quite a few agents personally and some of them are persisting with the the line that things are not too bad, not as busy as last year, prices are holding steady and we're getting by. This agency owner recently told the chap I met that things are 'dire'.

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estate agent is a client of mine in derbyshire. spoke to him today and asked him what's happening. response as follows: ftbs extinct. sub 160k houses selling here & there but not to ftbs. stuff just not feeding through to further up the chain. i said it was a pyramid selling game - he agreed. he expects stagnation to mid 2006, then to pick up again.

he seemed a bit despondent, but said he was ticking over. small independent with 1 office. very nice chap.

i spoke with an EA in derbyshire the other day. he basicly said the same thing. market dead, nothing selling. he was refering to the bottom of the market.

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wages havent risen since 2000.

Where do you get this rubbish from? Average earnings were up by 23.7% between Q1 2000 and Q1 2005. Learn to use the National Statistics website.

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  • 301 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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