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Monkey

Excuse Predictions Thread the Media use for not Buying a House

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Right, as the summer looms and the spring bounce didnt really bounce, what reasons will we have for the general public not buying houses on droves? Or retail sales decline, car sales decline... 

I'm going to late snow opp norf being 1

 

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If MSM mention it at all they'll talk about volumes going "sideways" while directing attention to  a carefully procured on-message statistic ("Fewer than ever house sales falling through!", "Caravan sales in Amlwch up 200%!!!!" or some other tripe).

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mortgage approval requirements too restrictive...more cheap money to more people to keep plates spinning please...

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Royal Wedding.

Brings back memories of how totally rushed off our feet we all were.... (not) 

A slow-down in property market activity levels took place in April, due to the Easter break, unusually warm weather, the Royal wedding and a series of bank holidays, says the latest report from Hamptons International.

http://www.mortgagefinancegazette.com/market-news/hamptons-property-market-slow-in-april-but-bouncing-back-in-may-17-05-2011/

Edited by AvoidDebt

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When the monthly, quarterly and annual figures are all negative, watch for stories along the line of 'house prices still higher than they were four years ago', or 'over the last decade, property has still been a good investment...'

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People aren't buying houses because they want to get free social care when they get old?

I refuse to buy a flat unless the developers give me a free iPad.

 

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Has it not been mentioned yet? Its the one EAs love to blame. Stamp Duty. Yep, 3% extra on BTL and  the surcharge at +1.5m totally slaughtered it. The fact that they've been ramping prices every year 10-15% without a second thought has no bearings but a little bit extra for the treasury and meltdown. 

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15 hours ago, Monkey said:

Right, as the summer looms and the spring bounce didnt really bounce, what reasons will we have for the general public not buying houses on droves? Or retail sales decline, car sales decline... 

I'm going to late snow opp norf being 1

 

Leaves on the line.

Putting an extra bedroom in the loft.

Extending.

Going on holiday this year.

General election/brexit.

1% pay increase.

Inflation innit.

Stamp duty.

Emigrating.

Can't borrow the deposit.

Kids at school.

Work irregular, contract, zero, self employed.

Credit score.

Other debt...PCP.;)

 

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15 hours ago, Barnsey said:

Chronic Nando's infatuation and monthly iphone purchases

Concern over the iPhone 7's missing headphone socket and the impending death of the lightning connector.

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6 hours ago, AvoidDebt said:

Has it not been mentioned yet? Its the one EAs love to blame. Stamp Duty. Yep, 3% extra on BTL and  the surcharge at +1.5m totally slaughtered it. The fact that they've been ramping prices every year 10-15% without a second thought has no bearings but a little bit extra for the treasury and meltdown. 

You are right about the effect on first time buyers.

However if you own a home and want to move to a home of  a similar cost then it is a factor.  That is why we have loft conversions etc.  If I had a big garden I would make my shed liveable - if I had grown up children.

Imagine how long people would keep on to their cars if it cost them £10 k + in car buying tax every time they bought one.  No one would sell their car and keep it for ever.

Edited by iamnumerate

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On 25/05/2017 at 3:39 PM, Monkey said:

Right, as the summer looms and the spring bounce didnt really bounce, what reasons will we have for the general public not buying houses on droves? Or retail sales decline, car sales decline... 

I'm going to late snow opp norf being 1

 

cost of avocado toast

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