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TheCountOfNowhere

Is Help To Buy The Last Chance For The Greater Fools To Find The Greatest Fools ?

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I knew of 2 famillies who planned to STR in the new year, seeing as prices were rising and HTB would push prices up a bit so they could 'get out'.

I over-heard someone at work today saying the same.

Is HTB2 the last chance saloon for the greater fools of 2007 ?

Or are they already the greatest fools ?

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I knew of 2 famillies who planned to STR in the new year, seeing as prices were rising and HTB would push prices up a bit so they could 'get out'.

I over-heard someone at work today saying the same.

Is HTB2 the last chance saloon for the greater fools of 2007 ?

Or are they already the greatest fools ?

Hard to say. HTB may push up prices a bit more, resulting in falls closer to 50% by the end of the decade, rather than the 30% or 40% falls that I was expecting pre HTB.

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Hard to say. HTB may push up prices a bit more, resulting in falls closer to 50% by the end of the decade, rather than the 30% or 40% falls that I was expecting pre HTB.

That'll be a yes then :lol:

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I knew of 2 famillies who planned to STR in the new year, seeing as prices were rising and HTB would push prices up a bit so they could 'get out'.

I over-heard someone at work today saying the same.

Is HTB2 the last chance saloon for the greater fools of 2007 ?

Or are they already the greatest fools ?

They are already the greatest fools. The casino is closed, Dave and co. are just running round taking change out of drunks pockets.

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If I was a boomer rattling around in my 5 bedroom pension the question of when "waiting to get what it's worth" becomes "left it too late" would probably be occupying some of my time.

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I've been looking at (online) rentals in Dorzet today funnily enough.

There's something in the air, and it's not cow shit. :)

Might get a suit round at the weeknd for a ball park figure on my place.

Welcome to "Shindiggers Life Laundry" laydeez n gennulmen.

Edited by shindigger

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If I was a boomer rattling around in my 5 bedroom pension the question of when "waiting to get what it's worth" becomes "left it too late" would probably be occupying some of my time.

My wife's parents are in this situation. They have seen all of their friends downsize and struggle to sell. They've all to a man had to drop their prices, one has even been gazundered. I've even heard that fabled phrase "they don't want to give it away".

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Obviously our minds work a bit differently from those that think "prices can only ever go up" but I don't understand how there can be any property owners living in 3 bed terrace in London worth the best part of a million quid who aren't thinking of selling up. For a start you can get an Australian business visa with a 300k investment (or something simiar) so you don't even need to have any boring old skills or qualifications.

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Obviously our minds work a bit differently from those that think "prices can only ever go up" but I don't understand how there can be any property owners living in 3 bed terrace in London worth the best part of a million quid who aren't thinking of selling up. For a start you can get an Australian business visa with a 300k investment (or something simiar) so you don't even need to have any boring old skills or qualifications.

Suerly those hardworking homeowners are skilled and not just lucky? :unsure:

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Obviously our minds work a bit differently from those that think "prices can only ever go up" but I don't understand how there can be any property owners living in 3 bed terrace in London worth the best part of a million quid who aren't thinking of selling up. For a start you can get an Australian business visa with a 300k investment (or something simiar) so you don't even need to have any boring old skills or qualifications.

The old buyers are too old to want to move....the younger buyers don't own enough of it to move and the overseas cash buyers don't live there anyway, their London house is their investment not their place of choice to live. ;)

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Hard to say. HTB may push up prices a bit more, resulting in falls closer to 50% by the end of the decade, rather than the 30% or 40% falls that I was expecting pre HTB.

I think this is exactly what will happen. Prices will rise in the next few years until interest rates are forced up, probably caused by a sovereign debt crisis . The man on the street sell to renting isn't a sign of the top as most people aren't that clever, if they were they would have sold up 5 years ago then bought back in.

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