Jump to content
House Price Crash Forum
Sign in to follow this  

Keeping The Property Market Afloat

Recommended Posts

REITs, Government part-funded, negative equity mortgages and the SIPP fiasco whereby the legislation was cancelled at the last minute.

It's clear that Brown is desperate to prevent the worst housing crash in history following the worst housing boom in history. This is the bone-head who said, "no more boom and bust".

The latest is the "never-ending mortgage". "Warning over rise of the never-ending mortgage", reports the Sunday Times.

This is a mortgage where you only pay the interest and your kids have the option of inheriting the loan. But isn't that just renting but at a higher price?

The "homeowner" would be responsible for maintenance.

They'd probably "buy" a bigger house than they would if they were really renting.

They'd face vairiable interest rates.

They'd be paying over the odds for a housing bubble with the latest REITs to help keep it afloat whilst on the other hand the "buy to let" brigade kindly keep rents down.

A house I rented in 2001 is back on the rental market at the exact same price. To mortgage it at 5% would cost about £100 a month extra.

Banks make a considerable profit from the interest mortgages which is why they levy a penalty if you pay your mortgage off early. A typical 25 year mortgage would have the "homeowner" paying almost double in real terms for the price of house.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.