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TheCountOfNowhere

Rejoice....first-Time Buyers 'getting A Shot At Long Last'

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Shameful reporting IMO. It looks like the BAD noise is being replaced GOOD noise this week....got to keep them prices up till the election.

http://news.sky.com/story/1322768/first-time-buyers-getting-a-shot-at-long-last

"First-Time Buyers 'Getting A Shot At Long Last'"

More accurate headlines might be:

First-Time Buyers 'Getting A Shot At DEBT

First-Time Buyers 'Getting A Shot At The Pyramid

First-Time Buyers 'Getting Shot

I do wonder how many of those FTBs are actually BTL-ers

Edited by TheCountOfNowhere

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Down payments averaged £26,642 in June, a decrease from £29,609 12 months ago. David Newnes, from LSL Property Services, said:

"A whole generation of young buyers were trapped on the sidelines of the property market will soon be trapped in negative equity"

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Down payments averaged £26,642 in June, a decrease from £29,609 12 months ago. David Newnes, from LSL Property Services, said:

"A whole generation of young buyers were trapped on the sidelines of the property market will soon be trapped in negative equity"

I read that and thought....Down payments being topped up with HTB money perhaps....so the £29,609 before is now £6K savings + £20K HTB.peraps.

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This is the big vibe hope of those who want to avoid a correction/hpc. There is so much pent-up demand from hopeful first time buyers thatany slight decrease in asking prices will create a surge of buyers. Of course this ignores the logic that if you see the price dropping x thousand every month you have every reason to keep waiting and saving yet money.

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Down payments averaged £26,642 in June, a decrease from £29,609 12 months ago. David Newnes, from LSL Property Services, said:

"A whole generation of young buyers were trapped on the sidelines of the property market will soon be trapped in negative equity"

A whole generation?

Not really a whole generation. Most of them are priced out.

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It can't be long now, this is like watching a horrific video of a tsunami wave heading for a beach, the smart bathers sense a problem and move away as the waters move further and further out of reach, the other see it as an opportunity to grab the choice beach spots and sunbath, all doe eyed and excited by the chance of finally getting their moment in the sun, all the while wistfully ignoring the building tide on the horizon...we all know how it will end.

Edited by JustAnotherProle

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It can't be long now, this is like watching a horrific video of a tsunami wave heading for a beach, the smart bathers sense a problem and move away as the waters move further and further out of reach, the other see it as an opportunity to grab the choice beach spots and sunbath, all doe eyed and excited by the chance of finally getting their moment in the sun, all the while wistfully ignoring the building tide on the horizon...we all know how it will end.

:lol:

Has that hpc PIC of an incoming tsunami, with arrows pointing to the locations of the sheeple, liarloaners, BTLers, HPCers, and Tinfoil-hatters been lost forever?

I can't find it.

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It can't be long now, this is like watching a horrific video of a tsunami wave heading for a beach, the smart bathers sense a problem and move away as the waters move further and further out of reach, the other see it as an opportunity to grab the choice beach spots and sunbath, all doe eyed and excited by the chance of finally getting their moment in the sun, all the while wistfully ignoring the building tide on the horizon...we all know how it will end.

Like the BTLers who had already placed their towels on the sunbeds in the best positions before the sun came out, but nobody told them about the sudden downturn change in the weather.

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This is the big vibe hope of those who want to avoid a correction/hpc. There is so much pent-up demand from hopeful first time buyers thatany slight decrease in asking prices will create a surge of buyers. Of course this ignores the logic that if you see the price dropping x thousand every month you have every reason to keep waiting and saving yet money.

the myth of deflation.

People will come back when they can afford the prices.

Deflation has an endgame

Inflation does not....and is unnatural, ie it is deliberate.

As for this market, it is led by financialisation and "affordability". All this credit is inflationary by default...but failure to pay it is equally deflationary as the provisions it creates on balance sheets is much worse than the gains it produced at the outset.

Its why banks lose confidence in each other...and why the crash of 2007/8 occured.

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