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Pent Up Demand?

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This is a thread about the supposed phenomenon of pent-up FTB housing demand. To start us off, I found this Telegraph Article. Not all the quoted survey stats seem to add up, but the overall picture is pretty clear.

A study of 2,000 under-35s found that, despite the Government’s Help to Buy scheme, large deposits are ruining their dreams of getting on to the property ladder.

Around 70 per cent of those saving for a deposit have become so disillusioned that they have abandoned the effort and spent the money on holidays, cars or simply to cover bills.

One in two people under the age of 35 has “given up all hope” of ever owning a property.

The study showed that three quarters of the 2,000 under-35s in the study described themselves as “nowhere near” getting on the property ladder.

Seven in 10 think it will be five years or more before they can turn their dreams of being a home owner into reality.

A fifth of those saving deposits end up abandoning their attempts and spending the money, while a similar number spent “most of it” and 31 per cent spent some of it rather than leaving it intact.

Eighty-one per cent of those questioned felt that it was becoming unrealistic to expect to own a home in Britain.

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.....buying or renting high is for sad losers....being tied down unable to move with high debt and low income does not make for a happy life.....others will tell you differently. ;)

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Perhaps some kind of 'homes for kidneys' scheme could be contrived in which young people donate their organs in return for 100% mortgages-

It's a win win as far as I can see- Young people get on the housing ladder and people in need of transplants benefit too.

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Perhaps some kind of 'homes for kidneys' scheme could be contrived in which young people donate their organs in return for 100% mortgages-

It's a win win as far as I can see- Young people get on the housing ladder and people in need of transplants benefit too.

No they should start building holes in the ground to live like badgers.....shouldn't be a nuisance to anyone then.... :huh:

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There is a pent up demand to sell, and only interest rate rises, or time, will force the overpriced property from their clutching hands at prices reflecting reality.

True. And whilst the BoE says its job does not include controlling house prices, we know that they responded to house price falls with a cut in real interest rates from +4% to -4%, £375,000,000,000 of money printing and a total repudiation of their central mission of controlling inflation. The PTB will literally stop at nothing to keep house prices rising. Starting with Brown and King, they have always been open about their determination to (in Brown's words) " do everything possible to get house prices moving again". Cameron's mission to "fix the broken housing market" is just another way of saying the same thing. The speech where he says " you can't fix a debt problem by taking on more debt" simply does not apply to mortgages and property investment. While those with the policy levers have that sort of commitment we will not see a HPC. Only total economic ruin will fix this now.

Edited by ingermany

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True. And whilst the BoE says its job does not include controlling house prices, we know that they responded to house price falls with a cut in real interest rates from +4% to -4%, £375,000,000,000 of money printing and a total repudiation of their central mission of controlling inflation. The PTB will literally stop at nothing to keep house prices rising. Starting with Brown and King, they have always been open about their determination to (in Brown's words) " do everything possible to get house prices moving again". Cameron's mission to "fix the broken housing market" is just another way of saying the same thing. The speech where he says " you can't fix a debt problem by taking on more debt" simply does not apply to mortgages and property investment. While those with the policy levers have that sort of commitment we will not see a HPC. Only total economic ruin will fix this now.

Did Broon say house "prices" or "housing market"? I thought it was the latter, but yes I agree, they know a lot of sheeple want their home to be a little piggy bank for holidays and such, and vote for who they think will provide this. On the subject of ecomonic ruin, if Grangemouth plant closes, that is a big step in that direction for Scotland, crash may be closer than we think?

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Perhaps some kind of 'homes for kidneys' scheme could be contrived in which young people donate their organs in return for 100% mortgages-

It's a win win as far as I can see- Young people get on the housing ladder and people in need of transplants benefit too.

Get with the programme. It'd be shared ownership for kidneys these days if you listen to housing associations. :rolleyes:

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Did Broon say house "prices" or "housing market"? I thought it was the latter, but yes I agree, they know a lot of sheeple want their home to be a little piggy bank for holidays and such, and vote for who they think will provide this. On the subject of ecomonic ruin, if Grangemouth plant closes, that is a big step in that direction for Scotland, crash may be closer than we think?

I think you're right about what Brown said. We know what he meant though.

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