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SleepyHead

Newsnight On Housing 5Th June 2013

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Yup, just watching it

Help To Buy getting a pummeling

The link between high house prices and wealth being questioned

Quite a few VIs being interviewed too.

Overall it's quite bearish!!!!

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Nicola Horlick speaking sense - 'house prices are too high'

Couple of VIs - numpty from house builders federation and some pr1ck from the government.

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"I sound like I'm speaking on behalf of the Tory party, but I'm not"

says the housebuilding federation shill

:D

You mean there's a difference?

"House prices need to rise but more slowly than incomes"

says Tory party muppet

Paxman did well. Horlick uttered obvious truths. Prices are too high due to supply issues and stupid schemes like Osborne's moronic gift to property developers.

Edited by R K

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Excellent debate but when the tory said "if people want to buy a house we think it's right that the government helps" I was hoping paxman would ask "what scheme does the govt have for those who want to rent a house"

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Paxman to Government Suit:

"you're not sure whether under this policy a Romanian plumber will be able to move to this country with his family and get taxpayer money? You don't even know that?"

Edited by sleeping dog

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Are you saying that socialists don't build houses?

Well, looking at the last 3 terms of Labour, you could be onto something. ;)

There hasn't been a socialist government since 1979.

But if you think the landowning aristocracy vote labour you're off your fruit.

This is Osborne's scheme. I don't vote labour and I've no idea what their policy is.

Edited by R K

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"I sound like I'm speaking on behalf of the Tory party, but I'm not"

says the housebuilding federation shill

:D

You mean there's a difference?

"House prices need to rise but more slowly than incomes"

says Tory party muppet

Paxman did well. Horlick uttered obvious truths. Prices are too high due to supply issues and stupid schemes like Osborne's moronic gift to property developers.

Tories still clinging to Shapp's solution, pity wages are falling eh?

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Paxman to Government Suit:

"you're not sure whether under this policy a Romanian plumber will be able to move to this country with his family and get taxpayer money? You don't even know that?"

Of course they could benefit from this scheme.

The question is whether a Romanian plumber living in Romania can use this scheme. Or a Turkish AKP official wanting to get his bribe money out of the country.

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Sounds like 6-figured salaries at the BBC aren't enough to move up the ladder nowadays - or some of them have kids and realise their kids can't buy a house?

Had a quick browse of the property section in The Evening Standard today. I'd say pretty much everyone apart from the global 'elite' is now priced out!!

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Had a quick browse of the property section in The Evening Standard today. I'd say pretty much everyone apart from the global 'elite' is now priced out!!

laugh.gif Yep, I think that sums it up.

... and even the global elite now want to sell up and buy a 'defendable' island far away from the pitchfork wielding public.

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I've tried watching - it's painful.

Every time I hear:

"... want to help first time buyers..."

I feel as if I should be shouting:

"I think you mean you want to financially rape first time buyers - undermining their hopes of long-term solvency, ensuring their children belong to an enduring underclass... and you want me, as a taxpayer, to pay £3.5bn to fund your ambition?"

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Every time I hear:

"... want to help first time buyers..."

I feel as if I should be shouting:

"I think you mean you want to financially rape first time buyers - undermining their hopes of long-term solvency, ensuring their children belong to an enduring underclass... and you want me, as a taxpayer, to pay £3.5bn to fund your ambition?"

At least in 6-8 years when these FTBs and Help-To-Buy takers have pushed up prices 25%+, HPCers can have the satisfaction of saying the borrowers were all victims, lured into it, with no free-will decision making capabilities of their own in choosing to take on huge debt. Just as in 2008/2009.

6 June 2013

More first-time buyers 'realise their dreams'

http://www.bbc.co.uk/news/business-22781594

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Had a quick browse of the property section in The Evening Standard today. I'd say pretty much everyone apart from the global 'elite' is now priced out!!

To be fair to the Standard I actually saw a property advertised for below £200,000 for the first time in months - a Victorian conversion garden flat in leafy Forest Gate. I was shocked - as they normally don't allow adverts implying property can be bought so cheaply.

Usual promotion of overpriced new builds of course - with the inevitable focus on help to buy. Laura James, 24, who is an 'operations analyst' at a bank in Canary Wharf has just bought a two bed new build apartment in 'leafy' Harold Wood (not to be confused with dodgy council area Harold Hill) near Romford. Might be in the outer reaches of zone 6 - but Laura is 'on the ladder'with her 5% deposit thanks to the government's help. :D

Edited by MRMX9

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I was hoping paxman would ask "what scheme does the govt have for those who want to rent a house"

That would have been a great question to ask. B)

Maybe in the form of building more council houses or capping private rents.

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I've tried watching - it's painful.

Every time I hear:

"... want to help first time buyers..."

I feel as if I should be shouting:

"I think you mean you want to financially rape first time buyers - undermining their hopes of long-term solvency, ensuring their children belong to an enduring underclass... and you want me, as a taxpayer, to pay £3.5bn to fund your ambition?"

....my sentiments also.....but in reality it has little to do with helping first time buyers, if it was only first time buyers they would be the only ones to be 'assisted' to buy their what will for many FTBers will end up being a heavy chain around their necks. ;)

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  • 259 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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