Property price crash could happen within months: Daily Mail

[MattW]

On 27/10/2017 at 8:29 AM, btd1981 said:

Well that house *does* have a 'private garden'.

And am I reading too much into 'garage space' vs 'garage'?

And if they usuable their their intended purpose, are those garages facing directly onto a pavement? It's a stupid design if so because when reversing a car out of a pavement you can't see the pedestrians walking past as periphery of vision is restricted by the garage walls. Even driving straing out of one designed like this isn't perfect.

Back in the day homes with garages actually had driveways in front of them.

[adarmo]

8 hours ago, Venger said:

Yeah but you've bought now, just recently.

Here with 5-year-plans for renters to hope for wage inflation, rather than 'pain' of prices falling for owners.

And with a view that HPC is 'politically unacceptable'. 

So if it's so politically unacceptable, why the human-shielding it for owners, 5-year-plans, hope for wage-inflation, to protect your house price.

Correct. I bought a house. Like many people on this forum I'd been renting for a while and finally decided to buy something which seems to be your goal. 

Never said renters should hope for that. What I said was.... well you know what I said and I'm bored of you distorting what I said. Please quote me accurately or stop. It's strange someone with such quote-philia can manage to misinterpret so consistently. Maybe that's a skill valued somewhere, but not in polite debate. 

Yeah HPC massively politically acceptable because we all saw that listed in the manifesto right after the Tories promise to bring back fox hunting. LOL. I just think any solution to the crisis (and I acknowledge fully there is a crisis) needs to be one that will be voted for by the majority and last time I checked more people owned than rented. There is a decline in ownership and over time, if this trend continues there will be more people renting and at that point I guess it would be politically acceptable. 

The next problem you have is that nobody can agree on the root cause of the crisis so what would a political promise to bring about a HPC look like? Building a million houses a year? Jacking interest rates to 10% (and ignoring the epic ramifications for any person, company or even government with debt). Abolishing BTL and foreign ownership? a Land Value Tax (my favourite just FYI - even as someone who just bought). 

I can't decipher a point or question in your last sentence so my apologies. 

[Bland Unsight]

3 hours ago, adarmo said:

The next problem you have is that nobody can agree on the root cause of the crisis so what would a political promise to bring about a HPC look like? Building a million houses a year? Jacking interest rates to 10% (and ignoring the epic ramifications for any person, company or even government with debt). Abolishing BTL and foreign ownership? a Land Value Tax (my favourite just FYI - even as someone who just bought). 

Eh? "A political promise to bring about a HPC"? All you need to do to bring about a crash in house prices is to let house prices rise on the back of people betting with borrowed money. Any government policy that locks in house price volatility (tight supply, loose mortgage credit) locks in crashes. We've had decades predicated on a political promise to bring about a house price crash. The idea that we now need tighter credit or more supply to make one happen strikes me as quaint.

 

[canbuywontbuy]

6 hours ago, hp72 said:

Genius post. Deserves a thread of it's own. Couple of amendments in bold. 

- and I'm sure there's more that could be added to the list, and I'm also sure that what's on the list will just get smaller/more expensive/longer (commute) etc - still, it's "all about getting on the ladder" - you could have the worst life possible, just so long as you're (permanently stuck on) the bottom rung of that ladder - then you're a "winner".   Well, you must be a winner - as there's no more wiggle room (financially) to do anything else with your life...

Edited October 28, 2017 by canbuywontbuy

[Insane]

.

7 hours ago, Pop321 said:

no money left over to save for a pension - the "new normal"

With any money going into a pension having the dividends earned in that pension taxed , giving less pension . 

7 hours ago, Pop321 said:

 

7 hours ago, Pop321 said:

your only child is in wraparound school care from 7AM to 6PM - the "new normal"

The stories I have heard of people juggling children to fit in with work are horrific. 

7 hours ago, hp72 said:

can't afford to have more than one child - the "new normal"

Also having that only child much later in life

 

7 hours ago, Pop321 said:

90%+ of new jobs created are part-time/low-paid/zero hour - the "new normal"

People leaving/retiring from jobs and being replaced with new workers earning less.

 

7 hours ago, Pop321 said:

wages rising lower than inflation - the "new normal"

The true inflation figure being much higher than that quoted by government making this gap even wider than people are led to believe

[Venger]

On 26/10/2017 at 11:30 PM, adarmo said:

What's that old joke now.....

HPC successfully predicted 25 of the last 1 crashes.

You have recently bought a house.

Keep knocking the forum and I'll push back, especially with you here going on about how you didn't outbid anyone for your house, just those who went to view.

Who buys a house and comes straight back onto HPC pushing this;  '5 year plans for renters to hope for wage-inflation rather than pain of falling values for owners'.

Then with all the politically unacceptable.   It doesn't need political acceptance by the HPI voters.   It doesn't need millions of new houses to bring about a HPC.  There are different parts to the political system. 

I love your line about being ACA accountant (making you a really intelligent mind to so many others imo) who has just bought, outbidding no-one in market, and 'afraid of being priced out' (the greatest innocent')  - be an adult and accept your choices in buying.

8 hours ago, adarmo said:

Correct. I bought a house. Like many people on this forum I'd been renting for a while and finally decided to buy something which seems to be your goal. 

Never said renters should hope for that. What I said was.... well you know what I said and I'm bored of you distorting what I said. Please quote me accurately or stop. It's strange someone with such quote-philia can manage to misinterpret so consistently. Maybe that's a skill valued somewhere, but not in polite debate. 

Yeah HPC massively politically acceptable because we all saw that listed in the manifesto right after the Tories promise to bring back fox hunting. LOL. I just think any solution to the crisis (and I acknowledge fully there is a crisis) needs to be one that will be voted for by the majority and last time I checked more people owned than rented. There is a decline in ownership and over time, if this trend continues there will be more people renting and at that point I guess it would be politically acceptable. 

The next problem you have is that nobody can agree on the root cause of the crisis so what would a political promise to bring about a HPC look like? Building a million houses a year? Jacking interest rates to 10% (and ignoring the epic ramifications for any person, company or even government with debt). Abolishing BTL and foreign ownership? a Land Value Tax (my favourite just FYI - even as someone who just bought). 

I can't decipher a point or question in your last sentence so my apologies. 

You posted what you posted - it was all about renters carrying it to protect homeowners from falling prices.

----------------------

On 19/10/2017 at 12:57 PM, adarmo said:

What is my agenda?

 

On 19/10/2017 at 1:19 PM, EmmaRoid said:

You’re a Tory lite home owner who thinks you deserve not to lose any money? 

(This is a fun game, can we play again?)

And there's more..... damn right.  He is a HPI protectionist (adarmo).

ER went through lots of hardships on renting side, and bought a house - you don't hear him whinging about anything (to protect his HPI).

He's HPC, principled, father to young children, anti-housing-financialisation, even as homeowner (with mortgage). 

ffs adarmo - you can sell your house, the house you've only just bought, if you're so concerned about a HPC and losing money - but you also laugh at HPCers for being wrong, and claim HPC is 'politically unacceptable' while hiding behind other homeowners and 'the pain of values falling' (wanting renters to carry it in a 5 year plan).  You and your human-shields as someone who has just bought a house, on HPC forum.  You're doing my head in.  HPI protectionist.

 

 

Edited October 28, 2017 by Venger

[dpg50000]

11 hours ago, canbuywontbuy said:

People will put up with ANYTHING if it's considered normal by society:-

• tiny houses that require double-income mortgages over 25 years+  to pay off - the "new normal"
• families renting into their mid-40s+ in private rentals - the "new normal"
• main shopping now done at Aldi/Lidl/poundshops - the "new normal"
• the atrophying of the wider economy because people are spending so much on mortgages/rent - the "new normal"
• longer and longer commutes to work (1 hr 38 mins there-and-back average in the UK currently) - the "new normal"
• buy a house, can't afford to move again - the "new normal"
• can't afford to have more than one child - the "new normal"
• 90%+ of new jobs created are part-time/low-paid/zero hour - the "new normal"
• can't afford to holiday abroad - the "new normal"
• your only child is in wraparound school care from 7AM to 6PM - the "new normal"
• students leaving uni with £30,000+ of debt - the "new normal"
• "kids" living at home well into their 30s - the "new normal"
• no money left over to save for a pension - the "new normal"
• wages rising lower than inflation - the "new normal"
• government net borrowing £60Bn+ a year  - the "new normal"
• ZIRP - the base rate was never lower than 2% between 1694 and 2009 - from March 2009 it's never been above 0.5%  - the "new normal"
• HMOs  - the "new normal"
• become a novice "casino" investor in stocks, precious metals, cryptocurrencies because banks give you zero interest on your savings  - the "new normal"
• ever-dumbed down politics that flaunt the reality of a uniparty system (doesn't matter who you vote for, the incumbent government look after big business)  - the "new normal"
• journalistic standards lowered to the point that we're actually supposed to believe that the economy isn't doing too badly, and that someone can only ever be employed or unemployed, but never ever under-employed  - the "new normal"
• an absolute obsession with housing throughout the UK simply because prices are so high - the "new normal"

 

This needs to be a sticky somewhere prominent on this site. And everyone should post it on their Facebook pages.

[Venger]

6 minutes ago, dpg50000 said:

This needs to be a sticky somewhere prominent on this site. And everyone should post it on their Facebook pages.

I would if it wasn't total nonsense, of superiors looking down on millions of people.

Truth is that millions of people enjoying new normal as outright-owners with houses worth fortunes.

Truth is that millions of homes have been bought by the BTLers.

Truth is that millions of younger workers so busy working, paying up rent, and awaiting HPC.

Can't do anything for those who have chosen to participate in buying a house at these prices...(in many areas) even a small house.  It was their adult market choice, not the choice of the control-freaking-superiors, who look down on everyone else (and think them brainwashed)... and can't even see that we're in a market where millions of people are WINNERS, sat on fortunes of mad-gainz.... my landlord multi-millionaire HPIer, 5 houses rented out, who hasn't worked for decades, and a member of dressing-down HPIers... life of nice cars, holidays, sitting back and collecting the rent.

Truth is BOMADs who tell me; can't see prices falling.. maybe some dribs and drabs, but not even that in expensive areas (as they help 30+ year old daughter/son pay what-it-is worth to upsize in very expensive area, with a huge sum put in toward the purchase.   The normal is their normal, and I prefer it that way vs those who think they are brainwashed and need to be controlled by their unwarranted superiority.

Truth is millions of people priced out, and hoping for change -vs- millions of people sat in mad-gainz superb financial winning positions (HPI/BTL) wanting to protect their mad-gainz.

Truth is prices at these levels are currently very very real, and for all of us to make choices in the market (without control freaks).

[Inoperational Bumblebee]

10 hours ago, Pop321 said:

Now going to check my tap water for sedatives and testosterone reducing chemicals. Wouldn't surprise me. 

https://www.theguardian.com/environment/2012/jun/02/water-system-toxic-contraceptive-pill

[dpg50000]

1 minute ago, Venger said:

I would if it wasn't total nonsense, of superiors looking down on millions of people.

Truth is that millions of people enjoying new normal as outright-owners with houses worth fortunes.

Truth is that millions of homes have been bought by the BTLers.

Truth is that millions of younger workers so busy working, paying up rent, and awaiting HPC.

Can't do anything for those who have chosen to participate in buying a house at these prices...(in many areas) even a small house.  It was their adult market choice, not the choice of the control-freaking-superiors, who look down on everyone else (and think them brainwashed)... and can't even see that we're in a market where millions of people are WINNERS, sat on fortunes of mad-gainz.... my landlord multi-millionaire HPIer, 5 houses rented out, who hasn't worked for decades, and a member of dressing-down HPIers... life of nice cars, holidays, sitting back and collecting the rent.

Truth is BOMADs who tell me; can't see prices falling.. maybe some dribs and drabs, but not even that in expensive areas (as they help 30+ year old daughter/son pay what-it-is worth to upsize in very expensive area, with a huge sum put in toward the purchase.   The normal is their normal, and I prefer it that way vs those who think they are brainwashed and need to be controlled by their unwarranted superiority.

Truth is millions of people priced out, and hoping for change -vs- millions of people sat in mad-gainz superb financial winning positions (HPI/BTL) wanting to protect their mad-gainz.

Truth is prices at these levels are currently very very real, and for all of us to make choices in the market (without control freaks).

Erm, I think the fact that "new normal" is in speech marks on each point suggests no-one on here believes any of them are actually something to celebrate. In fact, the opposite - people should be very, very pissed off by it. And I've got to be honest, maybe it's just the company I keep, but no-one I know thinks high house prices are a good thing, not now or at any point on the way up. Also, none of my friends had any help from BOMAD - truth is, despite the rhetoric on here, a huge percentage of parents don't have enough to help their offspring out financially for a house purchase.

 

[Insane]

26 minutes ago, Venger said:

It was their adult market choice

Yes it was but they only had a few choices to pick  from. Either buy an overpriced property or pay a very high rent in the private sector effectively buying a house for someone else. Unless they could live with family those were the only choices not much to choose from. 

[Bland Unsight]

9 minutes ago, Insane said:

Yes it was but they only had a few choices to pick  from. Either buy an overpriced property or pay a very high rent in the private sector effectively buying a house for someone else. Unless they could live with family those were the only choices not much to choose from. 

It's very important to understand that the overwhelming majority (80%-90%) of property in the private rental sector which is mortgaged (so called buy-to-let landlords) is on an interest-only mortgage. Further, where a buy-to-let landlord has a portfolio of property of any real size (i.e. more than three properties) then any capital gains made over time will have been extracted by mortgage equity withdrawal (cash-out refinancing) and used as deposits in order to grow the portfolio. As a result even if the investor has enjoyed very substantial capital gains they will still have high or very high leverage.

These investors are not buying the property. Renters' incomes are not buying the property; the renter's income is usually covering the interest and expenses and achieving very little else. The return from the investment comes from the capital gain.

If you are renting from a portfolio buy-to-let landlord (or any kind of muppet BTLer) you are generally not buying them the house. If prices fall then their capital gain disappears too and the whole enterprise is revealed to be a complete waste of time that benefited nobody, except the bank that extended the loan. If the house price falls are substantial even the bank turns out to have been pouring money down the drain (as per Mortgage Express).

[Insane]

2 minutes ago, Beary McBearface said:

 

20 minutes ago, Insane said:

Yes it was but they only had a few choices to pick  from. Either buy an overpriced property or pay a very high rent in the private sector effectively buying a house for someone else. Unless they could live with family those were the only choices not much to choose from. 

It's very important to understand that the overwhelming majority (80%-90%) of property in the private rental sector which is mortgaged (so called buy-to-let landlords) is on an interest-only mortgage. Further, where a buy-to-let landlord has a portfolio of property of any real size (i.e. more than three properties) then any capital gains made over time will have been extracted by mortgage equity withdrawal (cash-out refinancing) and used as deposits in order to grow the portfolio. As a result even if the investor has enjoyed very substantial capital gains they will still have high or very high leverage.

These investors are not buying the property. Renters' incomes are not buying the property; the renter's income is usually covering the interest and expenses and achieving very little else. The return from the investment comes from the capital gain.

If you are renting from a portfolio buy-to-let landlord (or any kind of muppet BTLer) you are generally not buying them the house. If prices fall then their capital gain disappears too and the whole enterprise is revealed to be a complete waste of time that benefited nobody, except the bank that extended the loan. If the house price falls are substantial even the bank turns out to have been pouring money down the drain (as per Mortgage Express).

 

Yes I understand that .

What I meant by " or pay a very high rent in the private sector effectively buying a house for someone else" is that they might as well choose to buy their own home as pay the equivalent in rent to someone else. What the Landlord then decides to do with the money either pay off the mortgage on the rented out property or spend it is really a mute point. 

[GreenDevil]

12 hours ago, canbuywontbuy said:

People will put up with ANYTHING if it's considered normal by society:-

• tiny houses that require double-income mortgages over 25 years+  to pay off - the "new normal"
• families renting into their mid-40s+ in private rentals - the "new normal"
• main shopping now done at Aldi/Lidl/poundshops - the "new normal"
• the atrophying of the wider economy because people are spending so much on mortgages/rent - the "new normal"
• longer and longer commutes to work (1 hr 38 mins there-and-back average in the UK currently) - the "new normal"
• buy a house, can't afford to move again - the "new normal"
• can't afford to have more than one child - the "new normal"
• 90%+ of new jobs created are part-time/low-paid/zero hour - the "new normal"
• can't afford to holiday abroad - the "new normal"
• your only child is in wraparound school care from 7AM to 6PM - the "new normal"
• students leaving uni with £30,000+ of debt - the "new normal"
• "kids" living at home well into their 30s - the "new normal"
• no money left over to save for a pension - the "new normal"
• wages rising lower than inflation - the "new normal"
• government net borrowing £60Bn+ a year  - the "new normal"
• ZIRP - the base rate was never lower than 2% between 1694 and 2009 - from March 2009 it's never been above 0.5%  - the "new normal"
• HMOs  - the "new normal"
• become a novice "casino" investor in stocks, precious metals, cryptocurrencies because banks give you zero interest on your savings  - the "new normal"
• ever-dumbed down politics that flaunt the reality of a uniparty system (doesn't matter who you vote for, the incumbent government look after big business)  - the "new normal"
• journalistic standards lowered to the point that we're actually supposed to believe that the economy isn't doing too badly, and that someone can only ever be employed or unemployed, but never ever under-employed  - the "new normal"
• an absolute obsession with housing throughout the UK simply because prices are so high - the "new normal"

 

Great post.

Absolutely ******ed up state of affairs "the new normal".

 

[Pop321]

52 minutes ago, Inoperational Bumblebee said:

https://www.theguardian.com/environment/2012/jun/02/water-system-toxic-contraceptive-pill

Thanks matey...whilst it nice to know I was right I may gave preferred ignorance. ?

51 minutes ago, dpg50000 said:

Erm, I think the fact that "new normal" is in speech marks on each point suggests no-one on here believes any of them are actually something to celebrate. In fact, the opposite - people should be very, very pissed off by it. And I've got to be honest, maybe it's just the company I keep, but no-one I know thinks high house prices are a good thing, not now or at any point on the way up. Also, none of my friends had any help from BOMAD - truth is, despite the rhetoric on here, a huge percentage of parents don't have enough to help their offspring out financially for a house purchase.

 

This factor is gaining momentum. Most boomers are past the flag and demanding triple locks and bus passes. But just below that generation is a whole generation worried sick about their own kids and can see the unfairness first hand normally having helped with those crazy university costs just to get a basic job in a bank or with financial services. 

Must admit it takes a little while, few years preaching to the kids about saving and not buying iPhones but there is an increasing realisation of what the gap really is for generation rent.   

HPC increasingly welcomed by an increasing majority. 118 have lost all their friends. 

[Bland Unsight]

31 minutes ago, Insane said:

Yes I understand that .

What I meant by " or pay a very high rent in the private sector effectively buying a house for someone else" is that they might as well choose to buy their own home as pay the equivalent in rent to someone else. What the Landlord then decides to do with the money either pay off the mortgage on the rented out property or spend it is really a mute point. 

I'm not sure you do understand it. If you look at the numbers on a typical BTL then it doesn't make much of a profit. Once the mortgage interest is paid and all other expenses are also paid there is not much left, certainly not enough to pay down a mortgage. It's the idea that the investment generates a decent return that is spurious.

Also it's moot point, not mute point.

[Venger]

58 minutes ago, Insane said:

Yes it was but they only had a few choices to pick  from. Either buy an overpriced property or pay a very high rent in the private sector effectively buying a house for someone else. Unless they could live with family those were the only choices not much to choose from. 

It's still a choice.

I refuse to pay these prices.  Don't put human-shields infront of me to protect the HPI.

They had a choice.  They bought.  Many buy because they see prices as value, or even going up.

BOMAD tell me not to expect any drops in expensive areas, as they put £250K+ into helping their kids upsize.

You can't hold all buyers as victims.   We've got buyers here of recent times casting themselves as victims if prices go down, trying to shame renters for wanting better value, telling us to hope for wage inflation over next 5 years - while also laughing at HPCers for being 'forever wrong' and telling us HPC is politically unacceptable and that Gov will always print to protect the HPI (hurricane yesterday).

 We don't even know if there will be any HPC - but thanks Mr 5-posts for joining to tell us that there was not really any choice between renting and buying (at ever higher prices).

I rent.  Rented for years as prices dipped (QE), then over next few years rose 40% above 2007 prices... here 10 years later.  Seen BTLers buy up house after house.   If you own then you made your choice.  Millions of owners own outright.  Stop human-shielding it to protect millions of owners who are mad-gainz HPI wealthy / outright owners, and the BTLers.

Quote

Terminator Salvation.   We've been fighting a long time. We're outnumbered by machines.  You are the Resistance.

 

[Insane]

3 minutes ago, Venger said:

You can't hold all buyers as victims. 

Who said they were Victims , you did not me. 

 

6 minutes ago, Venger said:

It's still a choice.

I already agreed it was a choice , why point this out

 

7 minutes ago, Venger said:

refuse to pay these prices.  Don't put human-shields infront of me to protect the HPI.

Which is your choice others have made different choices , your free to make your choice they are free to make theirs. 

 

9 minutes ago, Venger said:

We don't even know if there will be any HPC - but thanks Mr 5-posts for joining to tell us that there was not really any choice between renting and buying (at ever higher prices).

Would you like to give some other choices for people to pick from ? I already mentioned living with relatives , so that is 3 any others ? 

[Venger]

48 minutes ago, Insane said:

Yes I understand that .

What I meant by " or pay a very high rent in the private sector effectively buying a house for someone else" is that they might as well choose to buy their own home as pay the equivalent in rent to someone else. What the Landlord then decides to do with the money either pay off the mortgage on the rented out property or spend it is really a mute point. 

So they made their choice.  An active rational choice as they saw it.

They went to viewing, arranged mortgage, solicitors, transacted and bought at whatever price.

..... a fully active market choice choice.

1 hour ago, Insane said:

Yes it was but they only had a few choices to pick  from. Either buy an overpriced property or pay a very high rent in the private sector effectively buying a house for someone else. Unless they could live with family those were the only choices not much to choose from. 

Quote

 

On 3/10/2017 at 7:57 PM, Bland Unsight said:

 Even with a distortion it is still a market.

If people think the distortion is permanent and immutable, then in exactly what sense is it a distortion and not just a fixed feature of the market?

Regardless of whether they are informed or ignorant, people buy houses because they think it is the wisest thing to do with their money, just as others do not - for the same reason.

 

Your buyer/owners made their choice.

With such low inventory on market, they can also choose to sell.  Choice choice choice choice.  Stop hiding behind human shields for owners, if if if if prices go down.

[Insane]

15 minutes ago, Beary McBearface said:

I'm not sure you do understand it. If you look at the numbers on a typical BTL then it doesn't make much of a profit. Once the mortgage interest is paid and all other expenses are also paid there is not much left, certainly not enough to pay down a mortgage. It's the idea that the investment generates a decent return that is spurious.

I do understand , I think you are missing the point . I am not interested with the typical numbers on a BTL. Why do you keep quoting them ? I said if buying was the same cost as renting then people have chosen to buy , that is all.

[Venger]

3 minutes ago, Insane said:

Would you like to give some other choices for people to pick from ? I already mentioned living with relatives , so that is 3 any others ? 

Fine. 

Choice between renting and buying is the main difference.

If people refused to pay these prices, they would fall. 

I'm a renter, but can't do anything about these people you claim had little choice on the owner side. 

You're basically claiming renting is dead money,

55 minutes ago, Insane said:

Yes I understand that .

What I meant by " or pay a very high rent in the private sector effectively buying a house for someone else" is that they might as well choose to buy their own home as pay the equivalent in rent to someone else. What the Landlord then decides to do with the money either pay off the mortgage on the rented out property or spend it is really a mute point. 

So it comes down to choice.  Free market adult choice.   Why don't you become an adult about it?

[Insane]

4 minutes ago, Venger said:

Your buyer/owners made their choice.

With such low inventory on market, they can also choose to sell.  Choice choice choice choice.  Stop hiding behind human shields for owners, if if if if prices go down.

Yes that is all I said . They made their choice . 

I am hiding behind nothing . Human shields LOL 

[Venger]

1 minute ago, Insane said:

I do understand , I think you are missing the point . I am not interested with the typical numbers on a BTL. Why do you keep quoting them ? I said if buying was the same cost as renting then people have chosen to buy , that is all.

You're also claiming there was not much choice.

If they've bought they've bought.  I rent.  The owner side made their choices.   I hope for lower house prices, and not those who tip up claiming owners had little choice but to buy, human-shielding it.

1 hour ago, Insane said:

Yes it was but they only had a few choices to pick  from. Either buy an overpriced property or pay a very high rent in the private sector effectively buying a house for someone else. Unless they could live with family those were the only choices not much to choose from. 

 

[Insane]

2 minutes ago, Venger said:

I'm a renter, but can't do anything about these people you claim had little choice on the owner side. 

" I'm a renter , but can't do anything about these people " Your sounding like a victim 

 

I said they had 3 choices , none of them very good choices . They chose to buy you chose to rent. What is the issue with that .

 

 

[Barnsey]

Because rates are gonna stay at 0.25 for the 30 year mortgage term aren't they? Dear God, so many muppets have just gone all out based on record high house prices at record low interest rates, because it's cheaper than renting...

If you're in Wales or the NE, maybe buying makes sense right now, but in most other areas of the UK I can't see prices going upward.

Edited October 28, 2017 by Barnsey