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Converted Lurker

What First-time Homebuyers Really Want

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"A cut would have put a spring back in the step of homebuyers this February as the market struggles to shake off the winter freeze, but instead it faces the possibility of returning to the Doldrums as the new year 'rush' wears off."

We thought we'd deliver you that quote in full so you could revel in the sound of a property pundit losing all grip on a logical argument.

The current problem that FTBs face is that house prices are too high. The reason that house prices are too high is because monetary policy has been overly slack in recent years. This has enabled consumers to borrow frankly unwise amounts of money. They've used this to buy houses that haven't changed at all since the property market last bottomed out in about 1994. The only difference is that now they're suffering from an extra 12 years' wear and tear - and they're about three times as expensive.

http://firstrung.co.uk/articles.asp?pageid...articlekey=1269

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"A cut would have put a spring back in the step of homebuyers this February as the market struggles to shake off the winter freeze, but instead it faces the possibility of returning to the Doldrums as the new year 'rush' wears off."

Nothing wrong with that quote, I fully agree with it.

Oh . . . an interest rate cut :huh: .

Silly me; I thought they might be talking about a price cut :) .

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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