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TheCountOfNowhere

First-time buyers defy the doubters to drive house prices higher

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4 minutes ago, onlyme2 said:

A dangerous lunatic entered the bankrupt of england asylum.

 

Did anyone in 2012 believe we'd be sitting looking at that f**king madness ? 

 

The criminality between 2008 and 2012 was bad enough

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We've had nothing but lies, inflation fiddled, pretend targeting of inflation, remits changing to unemployment and then being ignored.

Never mind fake news, what this lot have got away with is astonishing.

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Part of the strategy that I have come to believe that the governbankment wanted to keep the OO out of the game as much as possible to avoid bad headlines where ordinary families are caught up in a crash, while getting the overpriced property onto the balance sheets of the greedy and equity rich via BTL etc. Of course FTB with HTB helps to insulate them from a crash to some extent so this was ok. However, if we find FTB now piling into the market with no HTB and at peak prices the danger is that these new FTB could be in serious distress should prices correct.

If there is an increase in FTB, perhaps filling the spaces made by the landlords who have seen SENSE, doesn't this start to go against the intended policy and even puts many FTB in the worst situation while some of the BTL escape at the top of the market?

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15 minutes ago, AvoidDebt said:

Bank promises to pay first-time buyers' stamp duty - so what's the catch?

http://www.telegraph.co.uk/personal-banking/mortgages/bank-promises-pay-first-time-buyers-stamp-duty-catch/

Sound advice from Mr. Boulger as always. 

Mr Boulger said buyers could even ask sellers to charge slightly more so they qualify for extra cashback. 

 

Lol!

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47 minutes ago, TheCountOfNowhere said:

Did anyone in 2012 believe we'd be sitting looking at that f**king madness ? 

 

The criminality between 2008 and 2012 was bad enough

Yes, Roger Bootle predicted there'd be bubbles in some markets owing to zirp, but couldn't predict which ones

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8 minutes ago, DrMartinSanchez said:

There are loads of banks offering mortgages with initial discounted rates of ~1% that revert back to ~5% after 2 years.

Bloodbath in the making.

They can now re-mortgage for 0.75%.

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1 minute ago, Si1 said:

Yes, Roger Bootle predicted there'd be bubbles in some markets owing to zirp, but couldn't predict which ones

ALL...would be the answer.  It's hyper inflation in every luxury market...only one that isnt is anything based on actual affordability

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49 minutes ago, TheCountOfNowhere said:

Did anyone in 2012 believe we'd be sitting looking at that f**king madness ? 

Not in 2012, no. But I finally threw in the towel in 2013 when HTB was announced and it finally dawned on me that they weren't going to let the market drop.

I'm fully expecting a reintroduction of MIRAS (or something similar) in the run up to the next election.

************ the whole lot of them.

 

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2 minutes ago, TheCountOfNowhere said:

The telegraph say prices rose in December to new peak...so not that out of date.

Lagging means that December data refers to houses where the offer was accepted some months beforehand. Lagging is not the same as timely.

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51 minutes ago, Sawitcoming said:

Part of the strategy that I have come to believe that the governbankment wanted to keep the OO out of the game as much as possible to avoid bad headlines where ordinary families are caught up in a crash, while getting the overpriced property onto the balance sheets of the greedy and equity rich via BTL etc. Of course FTB with HTB helps to insulate them from a crash to some extent so this was ok. However, if we find FTB now piling into the market with no HTB and at peak prices the danger is that these new FTB could be in serious distress should prices correct.

If there is an increase in FTB, perhaps filling the spaces made by the landlords who have seen SENSE, doesn't this start to go against the intended policy and even puts many FTB in the worst situation while some of the BTL escape at the top of the market?

Yes - so when that finally dawns on FTBs you might expect demand to evaporate

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7 minutes ago, Si1 said:

Lagging means that December data refers to houses where the offer was accepted some months beforehand. Lagging is not the same as timely.

Well, lets see where we are in 3 months.  The Shires round me look to have collapsed at the > 200K market now but in town there was no end of sold FTB/BTL type places last week.

It looked like it had gone proper mental again.

The bankers/banker agents need to find a home for that £170Bn.

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Not to mention the foreign bond buying antics.

Buying Apple, Mcdonalds and a long list of others in an unashamed bind to manipulate market pricing and reduce debt raising costs for foreign companies, many of whom have cash piles stuffed offshore in any case.

So, market manipulation is right at the heart of policy, selecting winners, choosing companies to be gifted largesse. Utterly outside of any remit they should have any recourse to.

Meanwhile banking sector  in the Uk lends to small/middle sized business at punitive rates in pitiful amounts. No rebalancing of the economy as promised, nothing.

A national disgrace.

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1 minute ago, onlyme2 said:

Not to mention the foreign bond buying antics.

Buying Apple, Mcdonalds and a long list of others in an unashamed bind to manipulate market pricing and reduce debt raising costs for foreign companies, many of whom have cash piles stuffed offshore in any case.

So, market manipulation is right at the heart of policy, selecting winners, choosing companies to be gifted largesse. Utterly outside of any remit they should have any recourse to.

Meanwhile banking sector  in the Uk lends to small/middle sized business at punitive rates in pitiful amounts. No rebalancing of the economy as promised, nothing.

A national disgrace CRIME 

 

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